Following FCA approval the sale of Premium Credit, from Cinven to funds managed by TowerBrook Capital Partners, the London and New York-based international investment firm, has been completed.

As the FCA sends out Top Up fee invoices to qualifying regulated firms, Premium Credit is offering business’ a finance facility to spread the cost over convenient monthly repayments rather than having to pay in one lump sum.

Over the next 12 months, 36% of SMEs expect to see their income grow, compared to just one in four (24%) who anticipate it will fall. Some 12% of businesses expect to see double digit growth in their revenue.

Premium Credit is delighted to announce that it has retained the Insurance Choice ‘Premium Finance Partner of the Year’ award, winning the category for the third consecutive time.

After a detailed shortlisting process Premium Credit are delighted to have been selected as a finalist in three categories of the National Credit Awards.

Having retained the BSI (British Standards Institute) ISO 22301 certification Premium Credit can verify its maintenance of an effective BCMS {Business Continuity Management System}. The award has been made following the business’ ongoing ability to meet the BSI’s exacting criteria to protect against, reduce the likelihood of, and ensure its business operations can recover from a wide variety of disruptive incidents.