39 DEN­NIS MY­ERS & FAM­ILY

Essex Life - - RICHEST 50 -

Fi­nance 2018: £84m 2017: £83m (39th)

Den­nis My­ers does not seem to want to re­tire. He now runs a small credit and fi­nance com­pany called As­sured Ad­vances and has a small prop­erty op­er­a­tion with £4.3m as­sets. The Rom­ford-based com­pany may be small, but My­ers is the man to make As­sured Ad­vances grow. In 2004, he sold his much larger com­pany, Swift Ad­vances, a mort­gage and con­sumer credit lender, to Alchemy Part­ners, the ven­ture cap­i­tal op­er­a­tion, for al­most £100m. My­ers, Swift’s MD at the time, had started the business in 1984 us­ing the ex­pe­ri­ence he had built up from a fi­nance bro­ker­age op­er­a­tion. With his fam­ily trusts, he owned all the shares. We raise the My­ers fam­ily to £84m al­low­ing for tax and the in­crease in as­sets at his prop­erty business.

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