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Online car finance broker used by Auto Trader and Gumtree eyes 150 new hires

Zuto used to be called Car Loan 4U and was founded by James Wilkinson and Ryan Dignan in 2006

Zuto has offices in Manchester and Cheshire(Image: Zuto)

An online car finance broker, which works with the likes of Auto Trader and Gumtree, is aiming to reach 150 new hires by the end of the year.

Zuto has taken on 105 new members of staff during the first four months of 2022.

The company, which has offices in Manchester and Macclesfield, used to be called Car Loan 4U and was founded by James Wilkinson and Ryan Dignan in 2006.

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To date, the company has secured £17m investment from Scottish Equity Partners, whose previous investments include Skyscanner.

The update comes after BusinessLive reported the company had achieved made a pre-tax profit for the first time since 2015 during its latest financial year.

Zuto has also reported a turnover of £27.9m, up from £24.6m.

Mr Wilkinson, who serves as the firm's chief executive, said: "Since the very start of our journey, we have been on a mission to change things for the better – not only for our customers, but also for our local community, our Zutonites, and the planet.