Open for business Reach Commercial Finance
Commercial finance advisers FAS Pathstone is aiming to strengthen its UK market position by adopting Reach Commercial Finance as its new brand.
The business already boasts in excess of £100m in total debt funding across its client portfolio and supported SMEs with combined turnover in excess of £360m.
In addition to invoice finance, Reach has enhanced its offering to include property, asset and equity finance as well as improved national coverage. Against this backdrop, Reach Commercial Finance is set to further strengthen its position as one of the UK’s leading providers.
Formed when the Factoring Advisory Service, a division of the Leonard Curtis Business Solutions Group (LCBSG), joined forces with independent finance brokerage PS Finance (Pathstone) last year, the business will now crystallise the partnership by operating under the new identity from July 2015.
Daniel Booth, of LCBSG, said: “Since the two businesses came together last year we have made tremendous progress but it is only the start. We want to push on and be recognised as true market leaders. With the launch of Reach Commercial Finance we are making a statement that we intend to be the number one in the UK.
“There’s no doubt the SME market is ready to power forward now the economy is recovering but businesses need additional funds to fuel their ambitions. We understand the SME market well, offer a consistently high level of service and have UK-wide coverage.”
Gary Cain at Reach said: “The partnership has proved itself the combined expertise, back office infrastructure and contact base has confirmed Reach Commercial Finance can be a formidable force.”
Paul Morgan at Reach said: “Our success in recent months has been built on the professionalism of the service we have provided for SMEs and advisers alike. We take time to understand our clients and their funding needs, and we have access to a wide range of funders, from the high street to the independent and niche product providers. The results speak volumes.”