Manjeet will take overall control of the specialist lender’s accounting function and join the senior management team.

She previously served at Aspen’s parent company S&U PLC for several years as financial accountant and company secretary.

In her new role, Manjeet will monitor and forecast business performance in addition to overseeing the administrators for fund releases for both loans and drawdowns.

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“This year will be remembered as a watershed moment in our history, we will double our loan book and the average loan size has risen over 50% to circa £900,000,” said Jack Coombs, director at Aspen.

“To maintain this growth and plan for the future, it is imperative we have the right people in senior positions.

“We’ve known Manjeet for many years and she has got the skillset to really make a positive impact on our business. 

“Her grounding in the credit market and knowledge of S&U PLC’s operations gives her an in-depth knowledge and experience which is second to none.”