Tuscan Capital has officially rebranded as Allica Bank, completing its integration following Allica’s acquisition of the bridging lender in August 2024. The rebrand, which includes a switch to Allica’s branding and website, marks a significant step in the bank’s strategy to establish itself as a leading player in the bridging market.
The rebrand also introduces a range of pricing and service enhancements, including reduced pricing for residential bridging, an improved FastTrack application process, and a strengthened commercial bridging proposition. The changes reflect Allica’s goal of using its extensive funding base and distribution network to shake up the bridging sector.
Colin Sanders, founder of Tuscan Capital, said: “I am really pleased with how the integration of Tuscan into Allica has gone so far. The joint vision that I and the Allica team had to truly shake up the bridging market by building a bridging lender with extensive lending expertise, the ability to move fast, and provide certainty in funding is already bearing fruit. This rebrand is a major final step in the integration of Tuscan into Allica, but we’re still only at the beginning of what Allica’s bridging proposition will be. The new hires we’ve brought into the team and proposition enhancements are great proof of this. My former Tuscan colleagues and I are excited to be a part of it.”
The expanded bridging team includes new appointments and promotions to support Allica’s growth. Scott McClymont joins as business development manager for Scotland, while Andy Reeder has been promoted to the same role for the Home Counties. John Craig has also been promoted to lead the client services department.
Justin Trowse, head of bridging at Allica Bank, said: “The initial months working with the team have been incredibly productive and we’re delighted that they are now officially part of the Allica family. Allica’s ambition is to build a £500 million bridging loan book by 2027, a goal that relies on meeting genuine market needs. With our strengthened internal expertise, the knowledge gained from years in the market, and the constructive feedback we continue to receive from our outstanding broker community, we are well-positioned to achieve this ambitious target.”
The rebrand follows a year of strong growth for Allica Bank, which has lent over £3bn to established SMEs since its launch and was named the fastest-growing company in the UK in The Sunday Times 100 list.
