Sister company. A sister company is another company owned by the same parent or holding company as yours. Sister companies are part of the same group and share an owner, but they each run their own activities and have their own agreements with their own customers.
How it applies to us
Within the CM Beyer group, Credit Corp Group Limited has sister companies: other UK and overseas businesses with the same parent. They are related to Credit Corp Group Limited through that group ownership.
What a sister company is not
- It is not automatically a party to your loan. Your agreement is only with Credit Corp Group Limited, the lending entity named on your documents.
Why the distinction matters
Knowing the difference between a genuine sister company and a similarly named stranger helps you avoid confusion, keep accurate records, and spot impersonation attempts.
Related terms
See also "holding company" (the parent that owns the group), "subsidiary" (a company owned by a parent), and "group" (the parent and all the companies it owns, taken together).
See also: Glossary: holding company, Can I borrow from another company in the group?, Who is CM Beyer and what does the group do?.