Allica Bank completes rebrand of Tuscan Capital

Allica Bank has officially rebranded Tuscan Capital, marking a significant milestone following its acquisition of the award-winning bridging lender in August 2024. This move solidifies Allica’s foothold in the bridging finance market while expanding its offerings for brokers and established businesses.

The rebrand sees Tuscan’s name, logo, and website fully integrated under the Allica Bank brand, alongside the seamless incorporation of its team and services. Tuscan’s established expertise in residential and commercial bridging finance has now been paired with Allica’s robust infrastructure and distribution network, creating a powerful synergy in the lending market.

“Allica’s ambition to build a £500 million bridging loan book by 2027 is firmly within reach. With our expanded team, deep market knowledge, and the ongoing feedback from our brilliant broker community, we’re positioned to transform the bridging market.”

As part of the rebrand, Allica has rolled out significant improvements to its bridging proposition with residential bridging rates reduced to 0.71%, FastTrack applications streamlined, and an even stronger focus on their commercial bridging offering.

The integration has also brought new talent to Allica, further strengthening its capabilities. Key appointments include including Scott McClymont as Business Development Manager for Scotland, Andy Reeder as Business Development Manager for the Home Counties, and John Craig leading our Client Services team.

Tuscan Capital, founded in 2018 by Colin Sanders and Ed Parsons, quickly gained a reputation for its focus on speed, service, and innovation. Sanders commented on the acquisition: “Ed and I set up Tuscan with a vision to transform what we saw as a broken bridging market. Allica’s no-nonsense approach to banking shows they share this vision with us. By becoming part of this award-winning bank, we will be able to accelerate the fantastic work our team has already done.”

Allica’s entry into the bridging market builds on its strong foundation in commercial mortgages and asset finance. Since launching in March 2020, the bank has lent over £2 billion to established businesses and garnered numerous awards, including recognition as the fastest-growing company in the UK by The Sunday Times 100.

“Commercial bridging is an important but underserved part of the lending market. Bringing together Tuscan’s expertise with Allica’s resources and network is a winning combination for brokers and businesses alike.”