Business
Change to Directors' Loan
Change to Directors' Loan.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n RNS Number : 3802V B.P. Marsh & Partners PLC 01 November 2010 \n \n\nDate: 01 November 2010\nOn behalf of: B.P. Marsh & Partners Plc (\"B. P. Marsh\" or the \"Company\")\n \nB.P. Marsh & Partners Plc\nChange to Directors' Loan\n \nB.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, announces that further to the announcement made on 9 June 2010 regarding a Directors' Loan of £4.325m, the loan commitment made by Brian Marsh personally of £3.5m, has today been assumed by Brian Marsh Enterprises Limited, an entity majority owned by Brian Marsh, on the same terms as announced previously.\n \n- ends -\n \nFor further information:\n \nB.P. Marsh & Partners Plc www.bpmarsh.co.uk\nBrian Marsh / Millie Kenyon +44 (0)20 7233 3112\n \nNominated Adviser & Broker\nArbuthnot Securities\nNick Tulloch / Ed Gay +44 (0)20 7012 2000\n \n \nNotes to Editors:\n \nAbout B.P. Marsh & Partners Plc\n \nB.P. Marsh's current portfolio contains 10 companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk. \n \nOver the past 20 years, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for at least seven years. \n \nPrior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insura...