Naismiths surveyors ramp up team to support asset-based lenders as construction sector demand for finance booms
The national firm of surveyors Naismiths has significantly ramped up its offering to asset-based lenders with the appointment of Terry Burke as a senior business development manager.
Mr Burke, who was formerly a head of sales at Bibby Financial Services, has more than three decades of experience in asset-based lending – and will now play a key role in extending Naismiths’ reach in the sector.
With unmatched expertise in both the needs of lenders and the dynamics of the construction industry, Naismiths is widely regarded as the UK’s foremost project monitor. It currently serves as the eyes and ears of several major banks, providing crucial oversight and due diligence for their development finance lending.
The national firm’s team of experienced surveyors also work with leading players in the asset-based lending space, and its expansion will now enable it to help more ABLs to successfully and safely meet the construction sector’s surging demand for working capital.
From pre-lend assessments of construction firms’ most valuable intangible assets, such as future contracts and debtor ledgers, to ongoing health checks, Naismiths aims to become a trusted partner to a wide range of ABLs. Mr Burke will be based in Naismiths’ Bristol office, from where he will spearhead the firm’s UK-wide growth in this rapidly evolving sector.
Ben Harwood, director at Naismiths, commented:
“From the prime minister’s ‘build build build’ slogan to the robustness of demand for homes, the construction sector is set to play a key part in Britain’s post-pandemic recovery – and many agile asset-based lenders are keen to tap into the industry’s unmet appetite for finance.
“Naismiths has a unique set of expertise, and people, who serve as a crucial bridge between lenders and construction companies. Our in-depth knowledge of the way construction contractors work – and of the true value of their assets – makes us a trusted partner for lenders who see opportunity in the sector’s rapid bounceback.
“Terry’s pedigree and finance industry contacts are second to none, and we’re delighted to welcome him aboard. His firm grasp of what makes lenders tick will be invaluable as we consolidate our existing strength in the ABL space.”