Andrew Bloom becomes majority shareholder of Spring Finance

Former Masthaven CEO Andrew Bloom (pictured above) has purchased the majority shareholding of Spring Finance.

He has also made a seven-figure equity investment into the company to enable it to achieve its strategic ambition of becoming a leading non-bank lender in the UK residential specialist finance market.

Following this, Andrew will join Spring Finance’s board of directors as chairman, subject to regulatory approval.

“I’m delighted to be joining Spring and taking a leadership role,” said Andrew.

“Spring has solid foundations which, combined with this significant investment, will allow the company to fulfil its potential. 

“I have total confidence that in the coming years Spring will become a significant player in the specialist lending market. 

“I would like to thank George Benninger [CEO at Spring Finance] and the existing management team who have done an excellent job; it is now time for Spring to move to the next chapter in its story." 

Martin Chesler, co-founder and director at Spring Finance, commented: “Andrew’s distinguished career and track record in the specialist lending industry clearly needs little introduction.  

“His wealth of experience, leadership and vision will be invaluable as we embark on Spring’s next phase of planned growth.” 

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