FAQ’s – ABOUT SPARKLE CAPITAL LTD
WHO ARE SPARKLE CAPITAL LTD?
Sparkle Capital Ltd is a private limited company duly incorporated and existing under the laws of the United Kingdom (company no. 09183797).
Incorporated in August 2014, Sparkle Capital is a privately-owned company belonging to the family of Fred Done, the English billionaire best known for BetFred and various other business interests including real estate and insurance.
Sparkle Capital Ltd is exclusively administered by Acasta Europe Ltd.
WHO ADMINISTERS SPARKLE PRODUCTS?
WHO ARE ACASTA?
Acasta Europe Ltd is a private limited company duly incorporated and existing under the laws of the United Kingdom (company no. 07270251) with its registered address at Anglia House, Carrs Road, Cheadle, Cheshire SK8 2LA. Acasta Europe Ltd is authorised and regulated by the Financial Conduct Authority (FCA Reg No.: 599391).
Acasta Europe Ltd also provide administrative services to Acasta European Insurance Company Ltd (company no. 96218), who are regulated and licensed by the Financial Services Commission of Gibraltar and are members of the Financial Services Compensation Scheme & Financial Ombudsman Service in respect of UK Business.
ARE SPARKLE CAPITAL REGULATED?
ARE SPARKLE CAPITAL MEMBERS OF THE ASSOCIATION OF LITIGATION FUNDERS?
WHICH INVESTORS ARE BEHIND SPARKLE CAPITAL?
WHAT MAKES SPARKLE CAPITAL A UNIQUE FUNDER?
Typically institutional investors provide investment capital to litigation funders to fund litigation cases. Capital deployment is therefore important as well as generating the target returns that secured the investment capital.
Sparkle Capital have none of these pressure, limitations or restrictions. Cases with legal merits are funded with no variability in the cost, we do not alter prices as pricing does not make a case more or less meritorious.
As such, this makes us easy and straightforward to work with. And as we are never under pressure to fund cases and generate a target return in order to stay in business, we can focus on our customers, being price competitive and creating value for those in the uncertain midst of commercial litigation.
DO I NEED TO APPLY SEPARATELY FOR ACASTA ATE INSURANCE?
CAN I OBTAIN SPARKLE FUNDING WITH AN ATE POLICY FROM ANOTHER INSURER?
Yes. Sparkle is happy to work with other ATE insurers. However, note that even if ATE insurance is with another provider, any Sparkle funding will still require a Financial Guarantee Insurance (FGI) to be taken out with Acasta. The purpose of the FGI is to insure any monies lent by Sparkle, such that if the claim is lost, nothing is repayable to Sparkle.
CAN I OBTAIN SPARKLE FUNDING WIHOUT AN ACASTA ATE POLICY?
DO SPARKLE FUND DELEGATED AUTHORITY CASES?
No. Sparkle only fund commercial litigation claims on a case-by-case basis.