ENP Newswire - 06 August 2014
Release date- 05082014 - Renovo Group plc, a leading provider of customer-focused financial solutions to SMEs, is pleased to announce that at a General Meeting held today, shareholders approved the proposal to change the company name to Inspired Capital plc ('Inspired Capital').
The change of name will take effect prior to the shares commencing trading under the new ticker INSC, at 8am on 6th August 2014.
The Company's new website is now live at http://www.inspiredcapital.com.
Commenting on the change of name to Inspired Capital, Brian Cole, Chief Executive Officer said: 'We have a clear plan to become the UK's leading provider of financial solutions to SMEs. Our new name reflects our ambitions in this market, but moreover recognises the ambitions of our current and future customers, whose small businesses serve as a cornerstone for British economic growth.
'Since our acquisition of Ultimate Finance Group in late 2013 we have added management and focused successfully on growing our existing business; nearly tripling the sales force for our invoice and asset finance products. At the same time, we are beginning to lay the foundations for the much larger business we intend to become, continuing to recruit world-class talent, test new products and expand our marketing strategies.
'With a strong technology platform, Inspired Capital is poised for step change growth and excited about the opportunity ahead of us. We are confident in our ability to generate significant shareholder value.'