Home Boost Business Lancashire logo

Rosebud Finance set to create six new jobs at IFA firm

True Bearing l r George Critchley Cllr Aidy Riggott Peter Rooney

A leading firms of Independent Financial Advisers (IFAs) has secured a £115,000 loan from Lancashire Rosebud Finance to support its further expansion.

The funding will allow True Bearing Chartered Financial Planners to create six new jobs and invest in new technology to enhance its customer service.

Based in Euxton, Chorley, True Bearing advises over 3,000 individuals and businesses throughout the UK and has £395m of assets under management. The company has its own legal services arm and operates an online advice service, Bread and Butter Advice.

It was one of the first IFAs in the UK to receive Gold Standard Investors in People, has retained this 3 times and is one of the very few to have been awarded Corporate Chartered Status.

Created in 2003 by founder George Critchley and original partners Michael Clarke and Mark O’Neill, True Bearing now employs 64 staff. This latest funding package follows an earlier Rosebud Finance loan in 2014, which enabled it to create 10 new jobs.

Rosebud Finance is managed by Mercia Fund Managers on behalf of Lancashire County Developments Ltd (LCDL) and is available through Boost.

Peter Rooney, Investment Manager with Mercia Fund Managers, said: “True Bearing has succeeded in a highly competitive sector by providing a first class service and excellent quality of advice. The company has been growing year on year. Rosebud has helped to support its growth in the past and this latest funding will allow it to continue its expansion, take on additional advisers and further enhance its service.”

County Councilor Michael Green, cabinet member for economic development, environment and planning, said: “True Bearing must be providing excellent service to their customers, as they have an outstanding retention rate, which is always a strong indicator of the work they’re doing. They’re bringing highly-skilled roles to the financial sector here in Lancashire.

“We are pleased to be working once again with the forward thinking team from True Bearing. It’s a sign of Rosebud’s successful way of working with companies to provide bespoke support, when they return to us to once again help their growth ambitions.”

Share

You may also like...

Innovation Clinic helps client land major Aldi deal Innovation Clinic Cluster Club

Innovation Clinic helps client land major Aldi deal

Yasir Patel
Cluster Club, Blackburn

Fylde coast manufacturer aiming for rapid growth following Boost support and innovation funding Ecoduct

Fylde coast manufacturer aiming for rapid growth following Boost support and innovation funding

Craig McNaught
Ecoduct, Blackpool

Sign up to our newsletter

For insights and events to help your business thrive.

In completing this form, you understand that Lancashire County Council (Boost) has a requirement to process your personal data. Lancashire County Council will only ever process your personal data where it has a clear lawful basis for doing so in full compliance with data protection legislation - UK GDPR and The Data Protection Act (2018). We will ensure the security and confidentiality of your personal data at all times. For full details of how Lancashire County Council handles your personal data please see our privacy notice here . Some information relating to this public funded project may be declared to third parties under the Freedom of Information Act 2000.
Funded by local govmt
Department for Trade and Business
Northern Powerhouse
Lancashire County Council

The website uses cookies.

Some are used for statistical purposes and others are set up by third party services. By clicking 'Accept all & close', you accept the use of cookies. For more information on how we use and manage cookies, please read our Cookie Policy.