Comings and goings...
Santander Business Banking has announced the arrival of 22 new Local Business Managers around the UK. The new recruits are as follows: Bristol - Emma Fry; Cambridge - Matthew Manning; Chester - Michele Thompson; Cornwall - Joe Odgers; Doncaster - Mark Langley; Dudley - Liam Marshall; Lancashire - Shahan Aljilani (Bolton) and Paul Heyworth (Lancaster); Leicester - David Rawson; Lincoln - Sally Tebbs; London - Raouf Belmouloud (Golders Green), Steven Porter (Stratford) and Patrick Madigan (Camden Town); Manchester - David Kettle; Milton Keynes - Richard Swift; Newcastle - Philip Sly; Norwich - Ross Crabb; Reading - Chris Hitt; St Albans - Paul Dyball; Surrey - John Timms Blanch; Slough - Nandini Kapur; Telford - Natalie Davies. Santander Corporate Banking has appointed Cheryl Adams to the role of Regional Director for Thames Valley.
Clive Briggs and Ben Hayward have been appointed to the roles of Regional Sales Manager for the Invoice Finance Division at Aldermore, responsible for raising awareness of the bank’s invoice finance proposition in North
Lancashire, Fylde and Preston and the Midlands region respectively.
United Trust Bank has appointed Sharon Liddle as Deposits Manager.
Emma Hodson has been appointed by Bridgebank Capital to fulfil a new role as Head of Marketing. Emma will assume responsibility
for all of Bridgebank’s marketing, advertising and PR activities.
West One Loans has appointed three new members of staff. Andy Thurston joins the team as an underwriter/case manager; Susan Bamberger has been brought in as Collections Manager and Suzanne Stone will be supporting the administrative team.
Hilton-Baird Audit & Survey, is
strengthening its senior team, by promoting Graham Bird, who has been with the business
18 months, to Director.
Bridging Finance news
Targeting new investors MT Finance has launched a new service,
targeting European investors looking to raise finance against existing London real estate assets, purchase new property or release equity from existing London properties, without having to establish a credit or trading history in the UK. In addition, Antoine Richard has joined MT Finance as a Director from Paris-based Orco Property Group to help launch the new product alongside MT Finance’s existing management team.
Masthaven Bridging Finance has launched a renovation and refurbishment bridging loan aimed at the client who is unable to obtain high street funding due to the current state of the property they are looking to secure funds against. The product headlines are up to 65% of current Open Market Value with a loan size up to £2,000,000. There is no exit fee and the interest is calculated daily. A multiple drawdown facility is also available for those projects that require it. Tiuta PLC has announced a significant extension of its large loan funding line,
Business protection Warning over SME preparedness
New research from AXA has found that many SMEs are starting up with little awareness of the risks they face, nor the knowledge of how to protect themselves. One in four said they did not know what sort of insurance they needed when they launched, with the main reasons cited as being new to running a business and not knowing where to go to for advice.
AXA found that despite the risks they face, few small businesses plan for every eventuality, with 19% of UK SMEs surveyed not being able to identify the risks facing their business. Almost half do not have a
NACFB Commercial Finance Expo Open for registration
The NACFB has announced that the 2012 NACFB Commercial Finance Expo is being held at the NEC, Birmingham, on the 27 June. The response to the first ever event in 2010 was superb, but last year with 73 exhibitors and over 900 brokers in attendance and millions of pounds of commercial lending introduced, it surpassed even the NACFB’s expectations. With many exhibitors registering at last year’s event for 2012, it looks set to become an even bigger event in 2012 and an essential date for the commercial broker’s diary. The yearly growth of the event really
8 6 Business Moneyfacts ®
underlines that the commercial finance industry is making a comeback year on year and the NACFB is thrilled to be a part of this. Adam Tyler, CEO of NACFB commented: “With a massive range of active funders attending the event, many with underwriters present and great advice from industry experts at the seminars throughout the day, what other event is there that truly represents commercial finance under one roof?”
To register for the Expo or for more information visit;
www.commercialfinanceexpo.co.uk.
business continuity plan in place at all, and 91% have not reviewed their policies to see if they are covered for public disturbances such as the London riots. AXA Business Insurance is seen as being particularly useful for start-up businesses and small family firms as a cost-effective means of protecting themselves against the downturn. Over the last few years Britain has seen a wave of entrepreneurship as individuals fulfill their aspirations of running their own business, with nearly 450,000 small businesses registering during 2011, a significant increase on the 380,000 registrations during 2010.
which has now been extended and doubled to £60 million for use over the next few months. Following its decision to offer a specific large loan proposition, Tiuta has seen a four-fold increase in enquiry levels for the product, with a particular focus on prime properties situated in Central London areas.
The Association of Bridging Professionals (AOBP) has revealed the details of 2012’s March Quarterly Event which will be taking place at The Electric Cinema in Notting Hill on Thursday, 8 March, from 10am. The AOBP has also announced the introduction of Bridgebank Capital as a new Affiliate Lender to its panel. Bridgebank Capital has announced further staff growth as the Business Development and Case Management Processing Team has doubled in the last six months to a head count of eight to cope with its recent expansion.
See bridging finance details on pages 45 to 49.
March 2012
News
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