Approved Business Finance hit £450m milestone
Asset finance brokerage, Approved Business Finance (ABF) has reached its biggest milestone to date, with the Milton Keynes-based firm facilitating over £450m in finance since its inception in 2019. To mark the company’s record achievement and to support its ongoing business growth, significant team expansions are set to enhance new and existing customer experiences.
Over the past year alone, Approved Business Finance has facilitated over £150m in financing. This impressive growth is expected to continue over the coming years, fueled by the company’s strategic development of a suite of products specifically designed to support a diverse range of business needs.
To further drive growth and meet increasing demand, ABF has significantly expanded its teams of experts, with its business finance team doubling and credit partner and property finance teams growing by 4 members each, a 200% increase across these divisions. Notable recent recruitments include Grace Rust, who received an internal promotion, stepping up to become finance coordinator in the property finance team, and former professional footballer and ex-England striker, Andrew Johnson, who joined the company as director of real estate.
The newly formed client relationship team, headed by commercial director Mark Kozo alongside client relationship manager Alexis Guyler, is vital in ensuring existing customers receive the best experience through regular product reviews tailored to their business demands. Focusing on securing new clients and suppliers, the client relationship team has been instrumental in allowing Approved to scale rapidly.
In addition, Approved Business Finance’s tax division has seen a significant expansion and has secured new premises in London. The six-person team now also includes technical consultants specialising in the reporting and analysis of R&D claims for clients across a range of industry sectors.
Rory Dunn, founder and managing director at Approved Business Finance, said: “The recent growth of our teams demonstrates ABF’s success and we have been able to invest in technology to enable our teams to examine financial profiles in order to understand clients and provide a more personalised follow-up to enquiries. During this time, we’re busy developing integrations and APIs to keep information up to date and enrich our records with relevant data, which enables us to be proactive and provide sustainable finance solutions to clients.
“Our success has always been a testament to the team’s hard work and dedication, and it is especially exciting to see the teams grow and become better equipped to support all of the many businesses we work with.”
Mark Kozo, commercial director at Approved Business Finance, said: “Our expansion is a reflection of the hard work put in by our teams. It is always exciting to see people grow within the company, and be able to hire new members to add to the further success of the whole business group.”