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

Fylde Council extends Enterprise Zone Development Order to boost economy Lancashire Advanced Engineering and Manufacturing Enterprise Zone

Fylde Council extends Enterprise Zone Development Order to boost economy

18 Feb 2025

2

Edge Hill University secures government grant to drive scale-up of international food exporter Peter Hughes, Director left and Frank Roue Director right

Edge Hill University secures government grant to drive scale-up of international food exporter

18 Feb 2025

3

Innovate Lancashire increases business engagement capacity to accelerate county’s innovation growth Natalie Wilson Hannah Churchman Trudi Waldram

Innovate Lancashire increases business engagement capacity to accelerate county’s innovation growth

18 Feb 2025

4

MP says the Lancashire and Cumbria Institute of Technology will be vital in meeting county’s housing needs Maya Ellis MP With Mark Taylor In The Engineering Department CREDIT Callum Pilkington

MP says the Lancashire and Cumbria Institute of Technology will be vital in meeting county’s housing needs

18 Feb 2025

5

Blackburn College lights up CyberFest with a focus on next-generation cybersecurity Umayr Mir talks a visitor through The BLIS Suite

Blackburn College lights up CyberFest with a focus on next-generation cybersecurity

17 Feb 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
Skills Bootcamp in Procurement - Cohort 3
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Awards
14 Jan 2025 - 18 Mar 2025

Skills Bootcamp in Procurement - Cohort 3

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

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

Understanding & Preventing Sexual Harassment - Creating Safe & Respectful Workplaces
Supporting Women's Health in Your Teams A Path to Success-3.png.png
LBV Hub Webinar
21 Feb 2025 - 21 Feb 2025

Understanding & Preventing Sexual Harassment - Creating Safe & Respectful Workplaces

*, Online, *

12:30 - 13:30

Choose Chorley for Business Event - Celebrating Chorley's diverse economy, companies, and success
Choose Chorley event
LBV Hub Networking
21 Feb 2025 - 21 Feb 2025

Choose Chorley for Business Event - Celebrating Chorley's diverse economy, companies, and success

Park Hall Hotel, Charnock Richard, PR7 5LP

14:00 - 17:30

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

Level 3 Emergency First Aid at Work Course - In Person
RKMS ACADEMY LOGO - BLACK AND ORANGE.png.png
LBV Hub Webinar
26 Feb 2025 - 26 Feb 2025

Level 3 Emergency First Aid at Work Course - In Person

RKMS Group , Blackpool, FY42DP

09:30 - 17:00

Employment Law, Tax and Payroll Update - East Lancashire
PM and M event
LBV Hub Seminars
26 Feb 2025 - 26 Feb 2025

Employment Law, Tax and Payroll Update - East Lancashire

Accrington Stanley Football Club, Accrington, BB5 5BX

08:00 - 10:00

Preston Freelancer Meet-Up: February
Freelancer Meet-Up Feb.png.png
LBV Hub Networking
26 Feb 2025 - 26 Feb 2025

Preston Freelancer Meet-Up: February

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Better People Management Workshop
Business Breakfast.jpg.jpg
LBV Hub Seminars
26 Feb 2025 - 26 Feb 2025

Better People Management Workshop

The Jimmy Arnfield Suite Lancashire Football Association, The County Ground, Thurston Road, Leyland, PR25 2LF

10:00 - 15:30

Women's Health champion training
Supporting Women's Health in Your Teams A Path to Success-6.png.png
LBV Hub Webinar
26 Feb 2025 - 26 Feb 2025

Women's Health champion training

*, Online, *

10:00 - 16:00

Better People Management Workshop
LBV Hub Seminars
27 Feb 2025 - 27 Feb 2025

Better People Management Workshop

Pendle Town Hall, Market Street, Nelson, BB9 7LJ

10:00 - 15:30

Kickstart Networking - Crazy Golf at Level, Preston
Kickstart Crazy Golf.png.png
LBV Hub Networking
27 Feb 2025 - 27 Feb 2025

Kickstart Networking - Crazy Golf at Level, Preston

Level, Preston, PR1 1HT

16:00 - 18:00

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 LBV120 Online Graphic 1
Subscribe now

Weekly news bulletin