Local business grows to help local businesses grow
- Credit: Archant
A Framingham Pigot based commercial finance consultancy whose success is directly related to helping other local businesses, and which has been recognised for these achievements as finalists in the UK Business Moneyfacts Awards for the past two years, has just secured the professional services of three new recruits, increasing their East Anglian consultancy team to 19.
The three founding Directors of B2B Cashflow Solutions Ltd, who themselves have over 80 years of experience in commercial finance and banking, established the business 7 years ago to assist local businesses 'bridge a widening gap' with securing funding for growth, acquisitions and working capital.
Since then Ian, Nick, and Simon have grown the business by developing a diverse package of funding solutions delivered through their growing team of highly experienced ex-bank Associates and Consultants.
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The latest recruits are no exception and similar to existing team members have been hand-picked by the Directors based on previous working relationship, reputation and recommendation.
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Paul Walsingham, Brian Chester, and Paul Dowman all put pen to paper on the same day which probably represents the firm's most significant statement of intent to date.
Paul Walsingham has worked in the commercial finance industry for nearly 30-years for major corporations including RBS, GE Capital and Societe Generale.
Brian Chester has been a finance broker since 2002, previously developing his finance expertise with RBS group, Chartered Trust and others.
Paul Dowman specialises in developing relationships with dealer networks throughout East Anglia. He joins B2B having recently left his role as Director of another local brokerage; Credo Asset Finance. Paul's career includes roles with ABN Bank, and Morgan Grenfell.
Director Simon Reynolds explains ''The Bank of England Trends in Lending Report to July evidences that the annual rate of growth in the stock of lending to UK businesses continues to be negative with the stock of lending to both small and medium-sized enterprises and large businesses also contracted over this period.
We continue to experience a steady increase in perfectly viable businesses being referred to us because they are failing to secure the financial support they need to invest and grow while others are increasingly struggling to generate sufficient cash to meet daily working capital requirements, and to service debt.
Our business is reacting to this need by constantly improving our products and services and recruiting highly experienced financial solutions providers to deliver these at a local level.
''Our recent financial year-end in August evidenced our strongest performance of our seven year history, breaking the £0.5 million income turnover barrier for the first time. This derived from lending, and other financial projects for our business customers with a value in excess of £13 million. We are confident that our growing team and growing reputation will continue to drive strong growth.''
''The added value of course is that the growth success of our business is directly related to our ability to help other local businesses grow.''
Caroline Williams CEO of Norfolk Chamber works with Simon on the Business Finance Group panel and commented ''I am aware from a number of Norfolk Chamber members and professional partners that B2B Cashflow Solutions plays a significant role in supporting the banks and accountants with alternative finance solutions for local businesses. The fact that they continue to grow their consultancy team is an indication of the key role intermediaries play in providing alternative funding solutions when traditional mainstream providers fail to support our SME's''
For more information on the Norfolk Chamber of Commerce and their business to business exhibition, visit www.edp24.co.uk/business/norfolk-chamber-of-commerce or www.norfolkchamber.co.uk.