About True Bearing
True Bearing is a company based in Preston (United Kingdom) founded in 2003.. True Bearing offers products and services including Mortgages, Savings and Investments, Insurance and Protection, Pensions, and Retirement Planning. True Bearing operates in a competitive market with competitors including Quilter, 7IM, Ascot Lloyd, Manx Financial Group and Sparrows Capital, among others.
- Headquarter Preston, United Kingdom
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Amber River Group Limited
- Date of Incorporation 12 Apr, 2019
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$91.6 M (USD)80as on Dec 31, 2022
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Net Profit
$-10.04 M (USD)71as on Dec 31, 2022
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EBITDA
$-9.16 M (USD)69as on Dec 31, 2022
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Latest Funding Round
$1 M (USD), Debt – Conventional
Jul 15, 2020
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Investors
Mercia
& 1 more
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Employee Count
Employee Count
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Products & Services of True Bearing
True Bearing offers a comprehensive portfolio of products and services, including Mortgages, Savings and Investments, Insurance and Protection, Pensions, and Retirement Planning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advisory for mortgage options and home financing needs
Guidance on savings plans and investment strategies
Services for insurance coverage and risk protection
Planning and management of retirement pension schemes
Advice on retirement strategies and financial security
Funding Insights of True Bearing
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Debt – Conventional - True Bearing | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - True Bearing | Valuation |
investors |
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| Jun, 2013 | Amount | Debt – Conventional - True Bearing | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in True Bearing
True Bearing has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mercia and Lancashire County Council. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public services and economic development are administered for Lancashire residents.
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Founded Year | Domain | Location | |
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Investment management services are provided by Mercia to various clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by True Bearing
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - True Bearing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
True Bearing Comparisons
Competitors of True Bearing
True Bearing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quilter, 7IM, Ascot Lloyd, Manx Financial Group and Sparrows Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quilter is engaged in providing financial advice and investment management.
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| domain | founded_year | HQ Location |
Investment management and financial planning services are provided by 7IM.
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| domain | founded_year | HQ Location |
Provider of financial advisory services
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| domain | founded_year | HQ Location |
Wealth management services are provided to clients internationally.
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| domain | founded_year | HQ Location |
Financial advisory services are provided to clients by Sparrows Capital.
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| domain | founded_year | HQ Location |
Financial planning services are provided to clients in the UK.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on True Bearing
Frequently Asked Questions about True Bearing
When was True Bearing founded?
True Bearing was founded in 2003 and raised its 1st funding round 10 years after it was founded.
Where is True Bearing located?
True Bearing is headquartered in Preston, United Kingdom. It is registered at Preston, Lancashire, United Kingdom.
Who is the current CEO of True Bearing?
Susan Peary is the current CEO of True Bearing.
What is the annual revenue of True Bearing?
Annual revenue of True Bearing is $91.6M as on Dec 31, 2022.
What does True Bearing do?
True Bearing was established in 2003 as a provider of financial advisory services. Operations are centered in Preston, United Kingdom, where guidance on investments and wealth management is offered to clients. The firm is led by CEO Susan Peary. Focus remains on delivering tailored financial strategies within the advisory sector, with activities conducted primarily in the UK market. No international expansions are noted.
Who are the top competitors of True Bearing?
True Bearing's top competitors include Quilter, Ascot Lloyd and Manx Financial Group.
What products or services does True Bearing offer?
True Bearing offers Mortgages, Savings and Investments, Insurance and Protection, Pensions, and Retirement Planning.
Who are True Bearing's investors?
True Bearing has 2 investors. Key investors include Mercia, and Lancashire County Council.
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