Commercial Finance Brokering
The Directors of P&A Receivables Services plc. are pleased
to announce a new service for businesses. The Lender Service
division is extending its range of activities and establishing
a Commercial Finance Broking department, which will be managed
by Steve Dunwell who joins the firm from City Invoice Finance,
where he was a Regional Manager.
Jeremy Priestley, Managing Director said, ‚The UK finance
market for businesses seems to be going the same way as the
US and Australia where the placing of finance through brokers,
rather than businesses going direct to banks, has doubled
over the past 5 years. This is largely a result of the main
players focussing on portfolio risk in their segmented businesses ú and
so making it difficult for new and growing businesses to
find the right source of finance for their business plans.ç
Mike Sanderson, Divisional Director, said ‚ this is an exciting
move for P&A Lender Services and we are delighted that Steve
Dunwell is joining us as a Commercial Finance Broker. He
is a seasoned banker with 25 years experience in corporate
banking and invoice discounting and will be providing a valuable
service to the business market in the Midlands and the North,
providing quotations for finance for working capital, asset
purchases and commercial propertyç.
November 2005
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