News / £115K boost for Chorley firm

A Chorley-based independent financial adviser has secured a £115,000 loan from Lancashire Rosebud Finance – managed by Mercia Fund Managers – to support its expansion plans.

True Bearing Chartered Financial Planners advises more than 3,000 individuals and businesses throughout the UK and has £395m of assets under management. Created in 2003 by founder George Critchley and original partners Michael Clarke and Mark O’Neill, it now employs 64 staff.

The funding will allow it to create six jobs and invest in new technology to enhance its customer service. It follows an earlier loan from Rosebud Finance in 2014, which enabled it to take on ten staff.

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.”

Rosebud Finance is managed by Mercia Fund Managers on behalf of Lancashire County Developments.

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£115K boost for Chorley firm