Car Loan 4U Announces Richard Law as a Non Executive Director
Car Loan 4U has experienced their most successful period as a company over the last 12 months, which has led to record web visitors and car loan completions.
Richard has been a consultant to Car Loan 4U for the last 12 months and in his new role will work with the Directors of Car Loan 4U to exploit the huge potential growth opportunity for loans into the UK used car market, which is worth over an estimated £7 billion a year.
Richard is also the CEO of GB Group plc, the North West-based Identity Intelligence and Fraud specialist. Under his stewardship, GB Group has seen a 4 fold increase in its value over the last 4 years and now has a market capitalisation of over £100 million.
Car Loan 4U, headed up by entrepreneurs James Wilkinson and Ryan Dignan, has shown rapid and profitable growth of around 120% over the last 12 months and in November 2012 established a partnership with Auto Trader to offer its customers an enhanced online experience, with an unrivalled choice of car finance solutions.
Car Loan 4U Managing Director James Wilkinson commented: “I am delighted Richard will be joining us as a Non-Executive Director. His unique experience and breadth of knowledge will be of huge importance to the board and we particularly look forward to his continued influence over the future strategic direction of Car Loan 4U.
“The appointment comes at an important time for us as we look to further enhance our number one position. Richard has got an outstanding track record and whilst working with him over the last 12 months we have seen the business drive on to new levels.”
Richard Law commented: “I’m very excited about the opportunity for Car Loan 4U. Its approach to the market disrupts the current approach of lending in dealerships whilst building up previously unheard of levels of loyalty and repeat lending through its strong focus on customer service.
“The business has shown rapid growth in recent years as the online process for used car buying has expanded and the forward trajectory of growth is very exciting. James and Ryan and the whole Car Loan 4U team are exceptionally talented and people with the potential to turn Car Loan 4U from a UK leader into a global leader in this market.”