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Regency Finance to expand with South Staffs deal

Regency Finance and Insurance Services has been purchased by South Staffordshire Group for an undisclosed amount. The Somerset-based company, which supplies motoring finance and insurance products to a number of dealerships and carmakers, including Mercedes-Benz, Seat, Quartic and Howard Group, says the acquisition will enable it to expand.

“South Staffordshire Group wants us to continue with the development of the business and carry on increasing the workforce. All jobs are safe and there will be no restructuring of the company,” says Regency managing director and founder Kerry Michael. He will remain at the company in his current role, with the same board of directors.

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