Sanderson Weatherall launches new integrated asset advisory service to meet market demand
Chartered surveyor and property consultancy Sanderson Weatherall has launched a new integrated asset advisory service for businesses following the appointment of a debt and working capital management specialist.
Chris Brooke has been appointed associate partner within the asset based lending (ABL) valuation and advisory department. He joins Christian Humphreys, partner, and Lee Joyce, associate partner, in delivering their specialist ABL service to financial lenders, insolvency practitioners, corporate recovery specialists and private equity houses operating within a wide range of industry sectors.
Chris’ appointment means Sanderson Weatherall is able to offer new services such as accounts receivable collateral review and audit, debtor ledger collect out management and debt advisory consultancy services. These are in addition to existing services of inventory, property, plant and machinery valuation, and portfolio management review.
Christian said: “Chris has more than 13 years’ experience in the sector and brings with him skills and knowledge that enable Sanderson Weatherall to strengthen its offering to clients. With Chris on board, we can now deliver a complete asset advisory service, nationwide, which incorporates valuation, advice and management.
“The asset finance market continues to see a robust recovery following the economic downturn and demand for these types of services and products is growing. Companies looking to expand or refinance are increasingly looking at new ways to fund their plans and unlocking cash tied up in assets is one way to do this. Funds secured against assets offer greater flexibility and power to access cash quickly and easily without pressures in approving unsecured lending, making it an increasingly popular choice for businesses.”
Figures released by the Asset Based Finance Association (ABFA), the body representing the industry in the UK and the Republic of Ireland, showed that the overall amount of funding provided to businesses through asset based finance – including invoice finance as well as asset based lending – rose by £370m in the past year to stand at £19.3bn at the end of June.
Chris joins Sanderson Weatherall from BDO and previously spent seven years at PricewaterhouseCoopers. Chris said: “Sanderson Weatherall is now able to provide accounts receivable collateral review and debtor ledger recovery enabling the firm to benefit from the buoyancy in the sector and offer clients a fully integrated suite of asset based lending services.
“The firm’s strong reputation and potential for even further growth within asset based lending advisory and valuation was a real draw for me to join Sanderson Weatherall and I am looking forward to sharing my experience with the team and clients.”
For further information about Sanderson Weatherall visit www.sw.co.uk