LUV Financial Solutions appoints new non-exec director

By Wise Owl Creative

10 Jan 2019

LUV Financial Solutions Ltd has taken the next step in its ambitious growth plans.

After entrepreneurs Steve Coulthard together with Steve Hibbert who financially supported the start-up of the business in 2014 as a car finance broker, took on investment from Jeremy Carr of Energize Capital in 2015, the next logical development was to take on an experienced asset finance professional in Richard Fothergill in order to set up an asset finance brokerage in April 2018.

In keeping with the company strategy, LUV FS has now appointed Mike Nolan (former owner and founder of Academy Leasing) to create an own book facility to complement the Asset Finance brokerage and the used car finance operation.

Mike was a founder director of Academy Leasing and when the company was sold to 1PM Plc in August 2015 he stayed on as a main board member for three years with responsibility for the asset finance division and identification of acquisition opportunities. During his tenure, the group turnover rose from £12.5m to £30m with a pre-tax profit of £7.9m from £2.5m and now comprises 7 group companies all of which serve SMEs in the UK.

Mike Nolan said: “This is a great time to be involved in a business with a young enthusiastic team which is well supported by its ambitious shareholders. My objective is to help LUV Asset Finance develop a more comprehensive range of financial products to offer to both individuals and SMEs throughout the UK.”

Chairman Steve Hibbert said: “I am delighted that Mike Nolan has decided to join the main board of LUV Financial Solutions as non-exec Director. His expertise and industry knowledge after building one of the UK’s largest independent leasing companies (Academy Leasing) will help push LUV on to the next stage of its growth plans to be a leading independent “go to” Finance Solution specialising in Motor, Asset and development/bridging finance."

Steve Coulthard, managing director, added: “LUV has achieved rapid growth to date and has exciting future expansion plans. This is an amazing opportunity for both Mike and LUV Asset Finance and we welcome him on board.” LUV FS current annual turnover is £15m, with gross profit in excess of £2m and over 30 staff.

Enjoyed this? Read more from Wise Owl Creative

Latest news

1

University recognises adidas curator Gary Aspden

University recognises adidas curator

11 Jul 2025

2

Investment drives growth plan at CoolKit Coolkit Vans

Investment drives growth plan at CoolKit

11 Jul 2025

3

Story Homes submits plans for 140 new homes in Longton Story Homes plans

Story Homes submits plans for 140 new homes in Longton

11 Jul 2025

4

University of Lancashire climbs 14 places in student positivity survey Happy students at ULAN

University of Lancashire climbs 14 places in student positivity survey

10 Jul 2025

5

Forbes Solicitors achieves strong growth and promotes 15 Forbes Solicitors promotions

Forbes Solicitors achieves strong growth and promotes 15

10 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley College University Courses Building, Burnley, BB12 0AN

08:30 - 10:30

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

North West Business Expo 2025
https---cdn.evbuc.com-images-880456273-4862066883-1-original.20241022-105445.jpeg.jpg
LBV Hub Exhibitions
24 Oct 2025 - 24 Oct 2025

North West Business Expo 2025

Bolton Stadium Hotel, Bolton, BL6 6SF

09:00 - 15:00

Lancashire Business Day 2025
241122lbvlancashiredaylhp0647web
Networking
27 Nov 2025

Lancashire Business Day 2025

Burnley FC , Burnley, BB10 4BX

12:00 - 17:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin