verve press release - final
TRANSCRIPT
Creative Benefit Solutions Limited
secures development capital fundraise
SRLV Corporate Finance LLP (“SRLV”), led by Corporate Finance Partner Robert Kidson and assisted
by Sean Hackemann, advised Creative Benefit Solutions Limited (“Creative Benefits”), on its recent
development capital fundraise.
Creative Benefits is a group of companies providing employees with benefit plan and personal
wealth solutions. The Group has an established market presence and specialises in the SME market,
working with companies employing up to 1,000 employees. Creative has a highly experienced senior
management team whose members have had a track record of success in the pension and financial
services sectors.
The investment was secured through a private placement. The funds will be used for developing and
expanding its market leading Auto Enrolment proposition and services.
Recent Government Auto Enrolment legislation requires every company in the UK to operate a
pension scheme and contribute to it alongside its employees. Between 2014 and February 2018 it is
mandatory for circa 1.25m companies employing 6.3m staff to comply with the Auto Enrolment
legislation.
Doug Johnstone, Non-Executive Chairman commented:
“We have a strong business and have developed the leading product and support software for the
Auto Enrolment market. We are now well placed to launch a major initiativve and become a leading
player for Auto Enrolment. We have been very pleased with the services provided by SRLV”.
Robert Kidson, Partner commented:
“SRLV were delighted to work with the team at Creative Benefits in securing this development
capital. Funding will allow the Group to develop its core offerings and expand its Auto Enrolment
services. SRLV wishes Doug and the Board at Creative the very best as they implement this growth
opportunity”.
For further information,
please contact:
SRLV Corporate Finance LLPFifth Floor89 New Bond StreetLondonW1S 1DA
T: +44(0) 207 079 8888
www.srlv.co.uk
SRLV Corporate Finance LLP is registered in England as a Limited Liability Partnership, Number: OC358975. Regulated by the Institute of Chartered Accountants in England & Wales. Authorised and regulated by the Financial Conduct Authority.