Richard Whitehouse

SME lender adds new name to board




Sancus Finance has appointed Richard Whitehouse (pictured) to its board in a new position for sales.

The appointment follows a period of change for Sancus, which saw its owner GLI Finance transfer its holdings in the business to the newly formed Sancus BMS Group, which specialises in finance for SMEs.

Richard’s appointment to the board comes after he joined the business in June last year and he has been instrumental in refocusing the group’s solutions-led services to offering larger firms the benefits that supply chain finance and vendor partner programmes can bring.

These solutions have allowed larger companies to protect their supply chain by ensuring that they are paid promptly, while supporting their own growth objectives.

“Richard’s keen focus on ensuring we understand our clients’ requirements and deliver to them has paid dividends,” said Caroline Langron, managing director of Sancus Finance.

“He has an enviable track record in achieving performance objectives with a keen eye on returns.

“Having experience of managing a £500m client portfolio during his career, he understands how important it is to deliver against expectations to achieve mutually beneficial relationships.”

Richard – who has 18 years of experience in invoice financing, including time with Aldermore and RBS – said he was delighted to have been given the opportunity to join the board at this exciting time for the business.

“We have seen a positive shift in demand from businesses looking for innovative finance solutions, which match their financing needs.

“Our solutions bring flexibility and adaptability to ensure that we can help in most situations.

“Our clients also recognise the benefits that our enlarged portfolio of solutions from across the Sancus BMS Group can deliver to their business.

“Our solutions include property development finance and secured asset-backed loans, which means we are better placed to offer a comprehensive service to our clients.”

Richard is set to continue his focus on developing strategic relationships with private equity house and corporate finance partnerships, who work with clients that are looking for a more suitable way of financing their business aspirations.

“Businesses today have a much wider scope of finance solutions to choose from,” Richard added.

“Driven by non-bank sources, accessibility of much-needed competitive finance to businesses on their terms has vastly improved.

“I am absolutely committed to ensuring our clients have access to a fast and flexible supply of finance to support their business growth.”

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