WHO WE WORK WITH
Sparkle Capital work as a third party funder to work mainly with the solicitors for the claimants once an application is made. However, we also work with various professionals who support or work with claimants to make an application for funding.
Sparkle works as a third party funder with solicitors to identify and fund meritorious claims which cannot proceed without funding. Increasingly, we work closely not only with senior partners but credit controllers and business development managers to identify claims which have become ‘stuck’ due to lack of funding.
In particular, individuals and SMEs – approach us through solicitors. However, some claimants do approach us directly and we are happy to explain the products that we offer.
Specialist Litigation Brokers
We have established relationships with all the established brokers specialising in ATE and litigation funding. Given the underserved part of the market our products target, we are an essential port of call.
Although Sparkle is administered by Acasta, we do fund cases insured by other ATE insurers.
Most of our customers are SMEs. As such, accountants often contact Sparkle to address litigation matters, either on behalf of their client, or in order to explore the possibility of moving a litigation claim off balance sheet. Some accountants are paid introducer fees but only under the condition of full transparency with their clients.
Commercial Finance Brokers
Most of our customers are SMEs. As such, commercial finance brokers often contact Sparkle on behalf of their clients to source funding for their litigation claims. Commercial Finance Brokers are paid introducer fees either by us or by their client but only under the condition of full transparency with their clients.
Many claimants often end up litigating because of anomalies that become apparent through work undertaken by their Financial Advisers. As such, financial advisers often recommend Sparkle to their clients, who may otherwise not be willing or unable to fund a litigation claim.
Sparkle funds a number of insolvency cases to allow Insolvency Practitioners to work as third party funders to unlock a liquidation or administration in stalemate so that monies can be recovered and distributed to creditors. The competitive pricing of Sparkle products makes Sparkle an obvious destination for IPs.
Construction and property disputes are widespread and Sparkle is often approached by chartered surveyors looking for a third party funder to explore litigation options on behalf of their clients. The competitive pricing of Sparkle products makes Sparkle an obvious destination for Chartered Surveyors.