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Friday 19 March, 2021


Appointment of new Chief Financial Officer

RNS Number : 7899S
19 March 2021

19 March 2021

PCF Group plc

("PCF", the "Bank" or the "Group")


Appointment of new Chief Financial Officer


PCF Group plc is pleased to announce that Caroline Richardson will be appointed as a member of the Board and as Group Chief Financial Officer, subject to regulatory approval being received. Caroline replaces Nick Price, who has been interim CFO since September. Subject to regulatory approval, Caroline will also become a director of the Group's subsidiaries: PCF Bank Limited, PCF Credit Limited and Azule Limited.

Caroline has significant experience as a finance director, most recently as Chief Financial Officer and Board Member at White Oak UK, where she was responsible for the Finance and Treasury teams and helped develop their response to the pandemic. Additionally, Caroline has a strong knowledge and understanding of PCF's reporting requirements both as a listed entity and bank, having previously served as Group Finance and Transformation Director at Arrow Global PLC and led the Co-operative Bank plc's financial reporting for two years as Chief Accounting Officer. Whilst at the Co-operative Bank, she was one of their key contacts with the Prudential Regulatory Authority.

In total, Caroline has more than 25 years' experience in finance and banking, including nearly twelve years at Deutsche Bank, latterly as UK Finance Director, highlighting her experience working within the UK regulatory environment.

Caroline qualified as an accountant at PricewaterhouseCoopers and has a First Class Honours Degree in Economics from the University of Hull.

Scott Maybury, CEO of PCF Bank, said: "I would like to welcome Caroline Richardson to PCF Group and wish her every success in her new role. Her experience will be invaluable as we emerge from the pandemic and return to our strategy of strong portfolio growth. I would also like to thank Nick Price for his contribution to PCF as interim CFO over the last six months."

Additional Information

During the last five years immediately preceding the date of this announcement, Caroline Jane Richardson (nee Fishwick), who is 46 years old, held the following directorships:



LDF Group Holdco Limited


LDF Group Finance Limited


LDF Operations Limited


LDF Finance No.1 Limited


LDF Finance No.2 Limited


LDF Finance No.3 Limited


White Oak UK No.4 Limited


White Oak UK No.5 Limited


White Oak UK (CBILS) Limited


White Oak UK (CBILS) (Non-Levered) Limited


LDF Ops Limited


DB Delaware Holdings (Europe) Llc


DB Overseas Holdings Limited


Deutsche Holdings No.3 Limited


Deutsche Holdings No.2 Limited


DB UK Holdings Limited


DB International Investments Limited


Deutsche Holdings (BTI) Limited


Deutsche Holdings Limited


DB Equity Limited


Bankers Trust Investments Limited


Deutsche Finance No.2 Limited


B.T.I. Investments


Sagamore Limited


Britannia New Homes (Scotland) Limited


Platform Home Loans Limited


Mortgage Agency Services Number Two Limited


Mortgage Agency Services Number Five Limited


Platform Funding Limited


Mortgage Agency Services Number Four Limited


Mortgage Agency Services Number Six Limited


Mortgage Agency Services Number One Limited


Co-Operative Bank Financial Advisers Limited


Britannia Treasury Services Limited


BOS Personal Lending Limited


First Roodhill Leasing Limited



There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.



For further information, please visit or contact:


PCF Group

Scott Maybury, Chief Executive Officer

Robert Murray, Managing Director



Tel: +44 (0) 20 7222 2426

Tavistock Communications

Simon Hudson / Edward Lee / Tim Pearson



Tel: +44 (0) 20 7920 3150

Peel Hunt (Nominated Advisor and Broker)

Andrew Buchanan / James Britton / Rishi Shah /

Duncan Littlejohns


Tel: +44 (0) 20 7418 8900

Shore Capital (Joint Broker)

Henry Willcocks - Corporate Broking


Tel: +44 (0) 20 7408 4080


About PCF Group plc ( )

Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio from £140 million to over £430 million. The Group continues to focus on portfolio quality and lending to the prime segments of its existing markets. The Group will continue to identify opportunities to diversify its lending products and asset classes by setting up new organic operations or through acquistion.


PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:

• Business asset finance which provides finance for vehicles, plant and equipment to SMEs;

• Consumer motor finance which provides finance for motor vehicles to consumers;

• Azule which provides finance to the broadcast and media industry; and

• Property bridging finance which provides loans to companies and sole traders investing in residential and commercial property.


The Group has a track record of profitability and sustainability through an efficient and scalable business model. Utilising its technologically advanced platform, PCF Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

Recently recorded video profiles of PCF's Property Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the London Stock Exchange website:


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