0 £0.00
This item was added to your basket

Dear visitor,
You are viewing 1 of your 2 free articles


We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

“A leading light in a changing industry”

It’s been a busy few years in the alternative lending sector.


Denise   Crossley

Share on LinkedInShare on Twitter
Denise   Crossley
Share on LinkedInShare on Twitter

In the midst of these changes in 2015, Motormile Finance UK (MMF) – the UK’s largest independent debt purchaser – underwent a significant transformation as a result of regulatory changes in the sector. This included implementing more rigorous internal processes and focusing on our strategic direction.

 

This was followed in October 2017 by significant investment from Copper Street One – an entity of UK specialist investment firm Copper Street Capital LLP – which has strengthened our balance sheet and enabled us to make a greater number of purchases since the acquisition.

 

A new name for a new day

Despite these significant internal changes, our public-facing brand has up to now remained largely unchanged. We knew it was time for the reputation we’ve built for industry-leading standards of customer care and regulatory compliance – for doing things the right way – to be reflected in our name.

 

That’s why we are proud to announce that, as of today, Motormile Finance (MMF) has become Lantern.

 

Why ‘Lantern’? Because we wanted a name that captured our ambition to be more than simply a debt purchaser and collector. We wanted a name that would remind us of the high standards we set ourselves – to go beyond mere compliance for our lenders and to genuinely care for each of our customers.

 

As we step into the future with a new name and a renewed sense of purpose – we do so believing we are a leading light in a changing industry, one that will surely see more lights appearing in years to come.

 

Find the rebranded website here.

Share on LinkedInShare on Twitter
Add New Comment
LoginRegister

LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Millennials “unaware of interest rates” as debt levels rise

Millennials “unaware of interest rates” as debt levels rise

Debt purchaser Azzurro acquires Dutch counterpart

Debt purchaser Azzurro acquires Dutch counterpart

Can debt collections agencies do more with less?

Can debt collections agencies do more with less?

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group