Following Financial Conduct Authority approval, DV4 completed a reverse takeover of Milton Homes by City of London Group plc (COLG) in October 2017. COLG is listed as a trading company on AIM (TIDM: CIN) and currently has five subsidiaries:

• Milton Homes, with a portfolio valued at £70 million (as at 30 September 2019), was established in 2004 to operate in the equity release home reversion market. It acquired its first portfolio of UK residential properties in the same year. In 2007, Milton Homes Ltd merged with Retirement Plus Ltd, acquiring an infrastructure and experienced management team with its innovative form of home reversion plan.
   
• Recognise (previously Echo Financial Services Ltd), formed to provide financial services to UK SMEs and the retail and business deposits market, targeting an underserved but growing business, customers seeking greater human contact, efficient response and execution, flexibility of structuring and continuity of management.
   
• A20, providing complementary services, separately from Recognise.
   
• CAML, providing small-ticket loans to SMEs, with a loan book of £15.3 million (as at 9 March 2020).
   
• P&FS, a bridging loan business, with a loan book of £6 million, that will be part of Recognise.

In July 2020, COLG’s subsidiary, Recognise, received its Total Capital Requirement Letter from the Prudential Regulation Authority (PRA), which sets out the PRA's capital and liquidity requirements for Recognise. In order for Recognise to receive its Authorisation with Restriction as a Bank, a further fund raise was required.  During September 2020, COLG successfully raised over £26 million from new investors.