Nemo celebrates its first birthday

Nemo Personal Finance Ltd, a subsidiary of Principality Building Society, celebrated its first birthday last week. The secured loans company based in Cardiff, launched for business in February 2005 under the leadership of managing directors Phil Jones and Sam Marshall.

Nemo has experienced rapid growth in its first twelve months as a business and now has over 6000 customers. From starting off lending via finance brokers, Nemo developed its brand by launching nationally on TV in October 2005. This opened up a new chapter in Nemo’s development.

When Nemo opened for business last year, there were 30 employees. Just six months later, expansion meant that the business had to relocate to new premises in Trafalgar House to cater for the continued growth. The current workforce stands at over 100, tripling the original number of employees and the figure continues to grow.

Phil Jones, joint managing director of Nemo Personal Finance, said: “We are very pleased with the way that the business has developed in the last 12 months and are delighted to have become a major force in the secured lending market by our first birthday. Growth has been above and beyond expectation thanks to the hard work and dedication of our employees and the support of our broker introducers. We look forward to pushing the business forward in the coming year in order to continue this success.”

Fundamental to Nemo’s business growth are its core values of getting close to its customers and keeping things simple. This combined with the ‘getting things sorted’ attitude of employees, has contributed considerably to the rapid development of the business. Sam Marshall, joint managing director, commented: “We wouldn’t be at this stage of the business development on our first birthday if it wasn’t for our staff’s efforts and the support of the Principality.”