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| industry =
| industry =
| founded = {{start date|2012|06}} in [[Cambridge]], [[UK]]
| founded = {{start date|2012|06}} in [[Cambridge]], [[UK]]
| founder = Gary Wilkinson
| founder =
| hq_location =
| hq_location = Charnwood Court, 5B New Walk
| hq_location_city =
| hq_location_city = Leicester
| hq_location_country =
| hq_location_country = Leicestershire
| area_served = UK
| area_served = UK
| key_people = Mike Kirsopp
| key_people = Mike Kirsopp (C.E.O)
| products =
| products = Property Finance, Asset Finance, Business Savings
| brands =
| brands =
| services =
| services =
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}}
}}


'''Cambridge & Counties Bank''' is a [[bank]] in the [[United Kingdom]] specialising in loans and deposit accounts for small to medium enterprises (SMEs).
'''Cambridge & Counties Bank''' is a [[Bank|bank]] based and operating in the [[United Kingdom]] specialising in property finance and asset finance loans, and savings accounts for small to medium enterprises (SMEs).


Cambridge & Counties Bank launched in June 2012<ref>{{cite web|title=BBC News|url=http://www.bbc.co.uk/news/business-18397064}}</ref> and has a unique ownership structure,<ref>{{cite web|title=SME Web|url=http://www.smeweb.com/index.php?option=com_content&view=article&id=3725:new-bank-launches&catid=53:news&Itemid=89}}</ref> being owned 50% by [[Trinity Hall, Cambridge|Trinity Hall]], a [[Cambridge University]] College, and 50% by [[Cambridgeshire]] Local Government Pension Scheme.<ref>{{cite web|title=Cambridgeshire Government Website|url=http://www.cambridgeshire.gov.uk/CMSWebsite/Apps/News/Details.aspx?ref=590}}</ref>
Cambridge & Counties Bank launched in June 2012<ref> http://www.bbc.co.uk/news/av/business-18397064/cambridge-university-launches-new-bank-with-council </ref> and has a unique ownership structure<ref>https://ccbank.co.uk/about-us/our-story/</ref>, being owned 50% by [[Trinity Hall, Cambridge|Trinity Hall]], a [[Cambridge University]] College, and 50% by [[Cambridgeshire]] Local Government Pension Scheme<ref> https://www.cambridgeshire.gov.uk/CMSWebsite/Apps/News/Details.aspx?ref=590</ref>.
The bank provides secured loans for business owner occupiers and commercial and residential investment to experienced landlords. The bank also offers a range of deposit/savings accounts for institutions that are available to businesses, charities, clubs, societies and associations.


Cambridge & Counties Bank is registered under Company Registration No: 07972522.<ref>{{cite web|title=Companies House|url=http://www.companieshouse.gov.uk}}</ref> The bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and can be found under the Financial Services Register No: 579415.<ref>{{cite web|title=Financial Services Register|url=https://www.fsa.gov.uk/register/home.do}}</ref>
Cambridge & Counties Bank is registered under Company Registration No: 07972522.[4] The bank is authorised by the [[Prudential Regulation Authority]] and regulated by the [[Financial Conduct Authority]] and Prudential Regulation Authority and can be found under the Financial Services Register No: 579415<ref>"Financial Services Register".</ref>.


== Services ==
Cambridge & Counties Bank specialise in niche property finance for experienced property investors. The property finance product range includes [[commercial property|commercial investments]], [[residential area|residential investments]], [[Bridge loan|bridging finance]], [[pension led funding|secured pension lending]] and refurbishment loans.

The [[asset finance]] product range includes [[hire purchase]] and [[finance lease]], and the Bank is a member of the [[Finance and Leasing Association|Finance & Leasing Association]].

The bank operates a more traditional manual underwriting process where individual underwriters make decisions on each lending application, essentially combining a modern first class personal service with traditional values.

The savings products typically include Notice Savings Accounts and Fixed Rate Bonds and are available to a varied range of organisations such as businesses, charities, clubs & associations and trusts.

== Awards ==
{| class="wikitable"
|-
! Year !! Award !! Result
|-
| 2015|| [[Leicester Mercury]] Women in Business Rising Star Award|| Winner (Rachel Curtis-Bowen)
|-
| 2015|| Business [[Moneyfacts]] Awards – Best Business Variable Rate Deposit Account Provider|| Highly Commended
|-
| 2015|| Investors in the Environment – Green Award 2015-16|| Winner
|-
| 2015|| Investors in the Environment – Best Green Champion 2015-16|| Winner
|-
| 2015|| Investors in the Environment – Great Green Star Award 2015-16|| Winner
|-
| 2016|| [[Chamber of commerce|East Midlands Chamber of Commerce]] Business Awards - Social Impact Award|| Finalist
|-
| 2016|| East Midlands Chamber of Commerce Business Awards - Outstanding Growth Performance Award || Finalist
|-
| 2016|| Leasing World Awards – New Challenger of the Year|| Winner
|-
| 2016|| Leicestershire Cares – Team of the Year Award|| Winner
|-
| 2016|| Investors in the Environment – Green Award 2016-17|| Winner
|-
| 2016|| Investors in the Environment – Best Green Champion 2016-17|| Winner
|-
| 2016|| Green Apple Awards – National Bronze Award for Banking, Finance & Insurance || Winner - Bronze
|-
| 2017|| Business Moneyfacts Awards - Best Business Variable Rate Deposit Account Provider|| Winner
|-
| 2017|| Business Moneyfacts Awards - Best Business Fixed Account Provider|| Commended
|-
| 2017|| Business Moneyfacts Awards – Best Service from a Commercial Service Provider|| Finalist
|-
| 2017|| East Midlands Chamber of Commerce Business Awards – Excellence in Customer Service|| Winner
|}

See https://ccbank.co.uk/about-us/news-media/awards-sponsorship/ for full list of awards.


== History ==
== History ==
⚫
At launch Cambridge & Counties Bank offered [[secured loan|secured loans]] to [[SMEs]] for business mortgages and commercial property investment. Five months after launch, residential property investment lending was added to the portfolio.

⚫
On its first anniversary, the bank announced that it had made loans totalling £40m<ref>http://www.thisismoney.co.uk/money/saving/article-2338090/Challenger-bank-lends-40m-small-firms-year.html</ref> and had signed up its 1000th new customer. Shortly afterwards the bank confirmed it had achieved break even on a monthly trading basis<ref>http://www.bmmagazine.co.uk/uncategorized/cambridge-counties-bank-releases-100m-smes-becomes-profitable-first-year/ </ref>. By the end of 2013 the business bank had lent more than £113m, with more than 250 loans<ref>https://www.insidermedia.com/insider/deals/105506-cambridge-counties-beats-lending-targets </ref>.

In October 2014, Mike Kirsopp was appointed as Chief Executive Officer for the bank<ref>https://www.insidermedia.com/insider/midlands/125827- </ref>, which was followed by the opening of a Bristol based regional office covering the South West and Wales region of the UK<ref>http://www.bristol-business.net/further-expansion-at-cambridge-counties-banks-bristol-office-in-first-year-of-business/ </ref>. A Sheffield based regional office was also opened in 2014 covering the North & Scotland regions of the UK<ref>http://bridgingandcommercial.co.uk/article-desc-11469_Cambridge%20and%20Counties%20expands%20lending%20team </ref>.

In July 2015, Rachel Curtis-Bowen, Executive Director Customer Experience was appointed to the board and was the first female member. In September 2016 she was promoted to the role of Chief Customer Officer<ref>https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=26942931</ref>. Also in July 2015, Will German joined the Board of the Bank as the Chief Risk Officer. In March 2015, Cambridge & Counties Bank announced pre-tax profits of £2.5m for the 2014 calendar year after a £99k loss in the calendar year 2013. They also announced the staff levels were at 65 with a customer satisfaction rate of 99% at the end of 2014<ref>http://www.businessweekly.co.uk/news/financial/17978-cambridge-counties-bank-reaches-lending-milestone </ref>.

Cambridge & Counties Bank entered the asset finance market in May 2015, with three product offerings including hire purchase, finance lease and [[chattel mortgage]]. The official launch was in 2016, which also saw the asset finance division win the New Challenger of the Year award at the Leasing World Awards<ref>http://www.leasingworld.co.uk/freepages/news-detail.php?ID=1575 </ref>.

In March 2016, the Bank announced its 2015 results reporting a £10.2 pre-tax profit. Staff numbers increased by 45% from 65 in 2014 to 94 in 2015 and the 99% customer satisfaction rating was maintained<ref>http://eastmidlandsbusinessnews.co.uk/cambridge-counties-bank-reports-record-year-end-growth/ </ref>. The Birmingham based regional office opened in March 2016<ref>http://www.birminghampost.co.uk/business/finance/business-bank-cambridge--counties-10617431 </ref> and also in that year, Simon Moore took over the role of [[Chairman]] from Paul ffolkes Davis who had conducted the role since the inception of the Bank in 2012<ref>http://www.bridgingandcommercial.co.uk/article-desc.php?id=11349 </ref>. The annual results for the 2016 calendar year were published in March 2017 at which the Bank announced a 77% increase in their year on year pre-tax profits, with their 2016 profits at £18.1m. Along with this staff numbers rose to 121 and customer satisfaction was maintained at 99% for the third year running, with 99% of new customers happy to recommend the Bank<ref>http://www.cityam.com/260298/starter-three-cambridge-counties-bank-announces-record </ref>.


In July 2017, Andrea Hodgson was appointed to the Board as Chief Financial Officer. Simon Lindley, who joined the bank in 2012 as a Business Development Manager, moved from his position as Commercial Director to Chief Development Officer completing the suite of five executives on the board.
⚫
Cambridge & Counties Bank was established with Gary Wilkinson appointed as CEO, and at launch offered secured loans to SMEs for business mortgages and commercial property investment. Five months after launch, residential property investment lending was added to the portfolio.


== Affiliations & Sponsorships ==
⚫
On its first anniversary, the bank announced that it had made loans totalling £40m<ref>{{cite web|title=This is Money|url=http://www.thisismoney.co.uk/money/saving/article-2338090/Challenger-bank-lends-40m-small-firms-year.html}}</ref> and had signed up its 1000th new customer. Shortly afterwards the bank confirmed it had achieved break even on a monthly trading basis.<ref>{{cite web|title=CCR Magazine|url=http://www.bmmagazine.co.uk/uncategorized/20877/cambridge-counties-bank-releases-100m-smes-becomes-profitable-first-year/}}</ref> By the end of 2013 the regional business bank had lent more than £113m, with more than 250 loans<ref>{{cite web|title=Business Weekly|url=http://www.businessweekly.co.uk/financial/16319-bank-topsp113-million-lending-landmark}}</ref>
* ProCon Regeneration Project of the Year 2016 Sponsors
* Leicestershire Women in Business Mentoring Scheme Supporters
* Niche Business Awards 2017 Headline Sponsors
* Leicester Comedy Festival 2015, 2016 and 2017 Sponsors
* The Curve Business Sponsors


See https://ccbank.co.uk/about-us/news-media/awards-sponsorship/ for more details.
In October 2014, Mike Kirsopp was appointed as Chief Executive Officer for the bank.


== References ==
== References ==

Revision as of 15:06, 12 October 2017

Cambridge & Counties Bank
Company typeBank
FoundedJune 2012 (2012-06) in Cambridge, UK
HeadquartersCharnwood Court, 5B New Walk,
Leicester
,
Leicestershire
Area served
UK
Key people
Mike Kirsopp (C.E.O)
ProductsProperty Finance, Asset Finance, Business Savings
Websiteccbank.co.uk

Cambridge & Counties Bank is a bank based and operating in the United Kingdom specialising in property finance and asset finance loans, and savings accounts for small to medium enterprises (SMEs).

Cambridge & Counties Bank launched in June 2012[1] and has a unique ownership structure[2], being owned 50% by Trinity Hall, a Cambridge University College, and 50% by Cambridgeshire Local Government Pension Scheme[3].

Cambridge & Counties Bank is registered under Company Registration No: 07972522.[4] The bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and can be found under the Financial Services Register No: 579415[4].


Services

Cambridge & Counties Bank specialise in niche property finance for experienced property investors. The property finance product range includes commercial investments, residential investments, bridging finance, secured pension lending and refurbishment loans.

The asset finance product range includes hire purchase and finance lease, and the Bank is a member of the Finance & Leasing Association.

The bank operates a more traditional manual underwriting process where individual underwriters make decisions on each lending application, essentially combining a modern first class personal service with traditional values.

The savings products typically include Notice Savings Accounts and Fixed Rate Bonds and are available to a varied range of organisations such as businesses, charities, clubs & associations and trusts.

Awards

Year Award Result
2015 Leicester Mercury Women in Business Rising Star Award Winner (Rachel Curtis-Bowen)
2015 Business Moneyfacts Awards – Best Business Variable Rate Deposit Account Provider Highly Commended
2015 Investors in the Environment – Green Award 2015-16 Winner
2015 Investors in the Environment – Best Green Champion 2015-16 Winner
2015 Investors in the Environment – Great Green Star Award 2015-16 Winner
2016 East Midlands Chamber of Commerce Business Awards - Social Impact Award Finalist
2016 East Midlands Chamber of Commerce Business Awards - Outstanding Growth Performance Award Finalist
2016 Leasing World Awards – New Challenger of the Year Winner
2016 Leicestershire Cares – Team of the Year Award Winner
2016 Investors in the Environment – Green Award 2016-17 Winner
2016 Investors in the Environment – Best Green Champion 2016-17 Winner
2016 Green Apple Awards – National Bronze Award for Banking, Finance & Insurance Winner - Bronze
2017 Business Moneyfacts Awards - Best Business Variable Rate Deposit Account Provider Winner
2017 Business Moneyfacts Awards - Best Business Fixed Account Provider Commended
2017 Business Moneyfacts Awards – Best Service from a Commercial Service Provider Finalist
2017 East Midlands Chamber of Commerce Business Awards – Excellence in Customer Service Winner

See https://ccbank.co.uk/about-us/news-media/awards-sponsorship/ for full list of awards.

History

At launch Cambridge & Counties Bank offered secured loans to SMEs for business mortgages and commercial property investment. Five months after launch, residential property investment lending was added to the portfolio.

On its first anniversary, the bank announced that it had made loans totalling £40m[5] and had signed up its 1000th new customer. Shortly afterwards the bank confirmed it had achieved break even on a monthly trading basis[6]. By the end of 2013 the business bank had lent more than £113m, with more than 250 loans[7].

In October 2014, Mike Kirsopp was appointed as Chief Executive Officer for the bank[8], which was followed by the opening of a Bristol based regional office covering the South West and Wales region of the UK[9]. A Sheffield based regional office was also opened in 2014 covering the North & Scotland regions of the UK[10].

In July 2015, Rachel Curtis-Bowen, Executive Director Customer Experience was appointed to the board and was the first female member. In September 2016 she was promoted to the role of Chief Customer Officer[11]. Also in July 2015, Will German joined the Board of the Bank as the Chief Risk Officer. In March 2015, Cambridge & Counties Bank announced pre-tax profits of £2.5m for the 2014 calendar year after a £99k loss in the calendar year 2013. They also announced the staff levels were at 65 with a customer satisfaction rate of 99% at the end of 2014[12].

Cambridge & Counties Bank entered the asset finance market in May 2015, with three product offerings including hire purchase, finance lease and chattel mortgage. The official launch was in 2016, which also saw the asset finance division win the New Challenger of the Year award at the Leasing World Awards[13].

In March 2016, the Bank announced its 2015 results reporting a £10.2 pre-tax profit. Staff numbers increased by 45% from 65 in 2014 to 94 in 2015 and the 99% customer satisfaction rating was maintained[14]. The Birmingham based regional office opened in March 2016[15] and also in that year, Simon Moore took over the role of Chairman from Paul ffolkes Davis who had conducted the role since the inception of the Bank in 2012[16]. The annual results for the 2016 calendar year were published in March 2017 at which the Bank announced a 77% increase in their year on year pre-tax profits, with their 2016 profits at £18.1m. Along with this staff numbers rose to 121 and customer satisfaction was maintained at 99% for the third year running, with 99% of new customers happy to recommend the Bank[17].

In July 2017, Andrea Hodgson was appointed to the Board as Chief Financial Officer. Simon Lindley, who joined the bank in 2012 as a Business Development Manager, moved from his position as Commercial Director to Chief Development Officer completing the suite of five executives on the board.

Affiliations & Sponsorships

  • ProCon Regeneration Project of the Year 2016 Sponsors
  • Leicestershire Women in Business Mentoring Scheme Supporters
  • Niche Business Awards 2017 Headline Sponsors
  • Leicester Comedy Festival 2015, 2016 and 2017 Sponsors
  • The Curve Business Sponsors

See https://ccbank.co.uk/about-us/news-media/awards-sponsorship/ for more details.

References

  1. ^ http://www.bbc.co.uk/news/av/business-18397064/cambridge-university-launches-new-bank-with-council
  2. ^ https://ccbank.co.uk/about-us/our-story/
  3. ^ https://www.cambridgeshire.gov.uk/CMSWebsite/Apps/News/Details.aspx?ref=590
  4. ^ "Financial Services Register".
  5. ^ http://www.thisismoney.co.uk/money/saving/article-2338090/Challenger-bank-lends-40m-small-firms-year.html
  6. ^ http://www.bmmagazine.co.uk/uncategorized/cambridge-counties-bank-releases-100m-smes-becomes-profitable-first-year/
  7. ^ https://www.insidermedia.com/insider/deals/105506-cambridge-counties-beats-lending-targets
  8. ^ https://www.insidermedia.com/insider/midlands/125827-
  9. ^ http://www.bristol-business.net/further-expansion-at-cambridge-counties-banks-bristol-office-in-first-year-of-business/
  10. ^ http://bridgingandcommercial.co.uk/article-desc-11469_Cambridge%20and%20Counties%20expands%20lending%20team
  11. ^ https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=26942931
  12. ^ http://www.businessweekly.co.uk/news/financial/17978-cambridge-counties-bank-reaches-lending-milestone
  13. ^ http://www.leasingworld.co.uk/freepages/news-detail.php?ID=1575
  14. ^ http://eastmidlandsbusinessnews.co.uk/cambridge-counties-bank-reports-record-year-end-growth/
  15. ^ http://www.birminghampost.co.uk/business/finance/business-bank-cambridge--counties-10617431
  16. ^ http://www.bridgingandcommercial.co.uk/article-desc.php?id=11349
  17. ^ http://www.cityam.com/260298/starter-three-cambridge-counties-bank-announces-record
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