1pm plc the AIM-listed independent provider of finance facilities to the SME sector, has announced the appointment of Ian Kavanagh as business development manager in their asset division. Ian will be responsible for building and maintaining strong relationships with intermediaries in the north of the country and supporting businesses looking for asset-based funding solutions.
The appointment comes at an exciting time for the 1pm group of companies who continue to expand and strengthen their business development team. The firm has also recently announced a series of high-profile appointments including Carol Roberts as head of asset and Lorraine Neyland as head of risk.
1pm is committed to supporting UK businesses grow and invest, and with recent figures revealing just 7% of businesses make use of leasing there is a great opportunity to bring awareness to the market around the flexibility of this financial solution. The Group currently support over 16,000 businesses with over £130m of funding support.
Ian brings to 1pm over 17 years’ experience within the asset finance sector having previously worked at HSBC Commercial Finance. Initially starting his career as a Sales Administrator in 2001 he successfully worked his way up the ranks, securing several internal promotions and became a Business Development Manager in 2008. Providing finance solutions to small to medium sized businesses Ian has spent the last decade working closely with business owners to truly understand their business needs and present the most viable funding options.
Speaking of his appointment, Ian said: “I genuinely believe that supporting businesses through providing access to finance is crucial to ensure long-term sustainable growth for the UK. SME’s are undoubtedly the backbone of the economy but remain largely underserved, underfunded and often overcharged. I’m excited by the prospect of making a difference and positively affecting the status quo in any way I can. Trust needs to be restored within our sector as a whole and being a trusted finance partner is a priority value for 1pm Plc. I found the personal approach, flexibility and ambition of the group very appealing and look forward to the opportunity of working with the team and helping businesses to prosper.”
1pm provide access to a multi-product range of business finance solutions to the UK market from asset finance, invoice finance, commercial loans through to vehicle finance. With a strong reputation for providing a flexible and fair approach to funding, 1pm is seen as a trusted partner for both intermediaries and clients alike.
Carol Roberts, head of asset finance at 1pm plc, commented: “I am delighted to welcome Ian who is a seasoned finance professional and will help drive our direct presence in the market. I look forward to his contribution as we continue to invest in our asset division. We are entering an exciting new stage of our evolution and Ian will prove to be a key member of the team tasked with delivering growth.”