ELITE is LSEG’s international business support and capital raising ecosystem for ambitious and high growth companies
Over 150 UK companies make up the 1000 strong international ELITE community of companies, in addition to advisers and investors
The JLG Group, founded in 2012, is committed to providing a true alternative to established Business Banking
The JLG Group is joining London Stock Exchange Group’s international business support and capital raising ecosystem, ELITE.
The JLG Group was founded with the aim of providing a real alternative to traditional UK Business Banking. Primarily through its major subsidiary Just Cash Flow PLC, the JLG Group has successfully established itself as an innovative business partner for well run SMEs that need flexible finance facilities to invest and grow.
Inclusion in the LSE’s ELITE gives the JLG Group a platform from which it can launch its next stage of growth, allowing it to provide alternative banking services to an even wider range of SMEs across the UK.
John Davies, Executive Chairman at the JLG Group: “Ambitious companies like ours face many challenges when considering how to scale up and take the business to the next level - not least access to the all important long term financing.
“Elite will be an excellent forum for us given we will be able to learn from and network with like-minded, ambitious, well run and growing companies, many trading on the LSE. We will also be able to leverage the experience of entrepreneurs and experts that have been through this ‘next stage’ process and adopt best practice.”
Umerah Akram, Head of ELITE UK, London Stock Exchange: “I am very pleased to welcome JLG Group PLC to the Elite programme that supports the country’s ability to grow great businesses. These companies drive innovation, employment and create opportunities for us all.”
“ELITE is committed to giving the British business stars of the future the very best chance to succeed, providing them with access to appropriate expertise and capital. It is a unique, strong community of the best and most dynamic entrepreneurs, advisers, investors and business school academics from the UK, Europe and around the world.”
ELITE is a full-service programme designed to help ambitious companies prepare and structure for the next stage of growth through the access to long term financing opportunities. It is a unique offering for scale-ups across Europe and beyond, providing a comprehensive training programme and extensive access to the business and financial community. The ELITE Funding platform, launched in 2017, will also help streamline the capital raising process for ELITE companies.
For further information about ELITE, the companies and the full list of partners, please go to elite-network.com
Notes to editors on the JLG Group PLC
The Group entered the UK alternative finance sector in 2012 with the aim of providing a real alternative to Business Banking and has built a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding Corporate SME Borrowers in the UK and eventually Europe. This has been achieved through increasingly using FinTech to streamline the application process and deliver exceptional customer experience. The Company’s current loan book is over £100m and the next stage of the Company’s development will be to leverage its considerable experience and knowledge of the support SMEs need by introducing a wider range of banking services.
JLG Group PLC is the parent company of the award winning Just Cash Flow PLC which specialises in providing revolving cash facilities to SMEs to assist with smoothing the peaks and troughs of working capital.
The Group was the first alternative commercial lender to be a Professional Associate Member of the British Banking Association.
Date Issued Nov 2019.