Latest news with #SkiptonBusinessFinance
Yahoo
2 days ago
- Business
- Yahoo
Skipton reappoints Dan Grainger to lead SME growth
Skipton Business Finance has reaffirmed its commitment to supporting small and medium-sized enterprises (SMEs) across the North West with the appointment of Dan Grainger as its new regional sales director. In his new role, Grainger will focus on expanding Skipton's reach by providing working capital to businesses across the region. He will work alongside a trusted network of introducers and brokers, as well as the company's relationship management and risk teams. The appointment marks a return to Skipton for Grainger, who previously worked with the business from 2017 to 2021. He brings with him considerable experience in commercial finance, having held senior positions at institutions including Lloyds Banking Group and Praetura Invoice Finance. Speaking about his return, Grainger said Skipton's 'strong reputation in the market' and plans to enhance its product suite made the decision to come back an easy one. 'I've received such a warm welcome,' he added, 'and it's been great to reconnect with some familiar faces while making new connections. I'm really looking forward to helping even more businesses thrive across the North West.' Jim Furey, Skipton Business Finance's sales director for the North West and Midlands, welcomed Grainger's return, describing him as 'an invaluable asset' to the business. 'Dan's deep understanding of the SME landscape and impressive business development experience make him a strong fit for our growth plans,' said Furey. 'His client-first approach and extensive network align closely with our ethos of building strong, supportive partnerships.' Skipton Business Finance is part of the Skipton Building Society Group and specialises in funding SMEs across the UK. "Skipton reappoints Dan Grainger to lead SME growth" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
Yahoo
10-07-2025
- Business
- Yahoo
Skipton Business Finance provides funding to SG Brands
Skipton Business Finance has provided six-figure invoice finance to SG Brands, a Sheffield-based distributor of luxury and niche fragrances. The funding will enable SG Brands to purchase stock from brand holders, enhance supplier partnerships, and widen its distribution network. Specifics of the finance facility were not disclosed. Founded by Samuel Gearing in 2019, SG Brands supplies fine fragrance labels to retailers such as Liberty and Fortnum & Mason. The invoice factoring facility will also enable the company to invest in new opportunities with brands such as Portuguese beauty brand Benamôr and French fragrance house Bienaimé, addressing rising customer demand. The deal between Skipton Business Finance and SG Brands was facilitated by Mark Millhouse from Oldham-based PMD Business Finance. SG Brands director Samuel Gearing said: 'Securing the funding from Skipton Business Finance is a pivotal moment for SG Brands. It gives us the capacity to scale our stockholding and develop relationships with our brand partners. 'We chose to work with Skipton not just because of their flexible funding model, but because they took the time to understand our business and what makes it special. Their support means we can now pursue our growth plans with greater certainty and ambition.' Skipton Business Finance North-West and Midlands regional sales director Jim Furey said: 'We are delighted to support SG Brands at the start of this exciting growth chapter. Samuel and his team have built a distinctive and highly respected business in the fine fragrance sector, and our funding will enable them to respond to increasing demand while safeguarding the operational ability of the company.' 'At Skipton, we work with an incredibly diverse client base, from traditional industries to innovative niche sectors, and SG Brands is a great example of that range. We are proud to be backing them through this period of growth and looking forward to being on that journey with them.' Skipton Business Finance specialises in providing invoice factoring and discounting solutions tailored for SMEs across various sectors. In March, the company provided a £350,000 invoice discounting facility to Invision Recruitment in Bishop's Stortford. The funds enabled Invision to expand its permanent placement services in the construction and civil engineering sectors. Last year, Skipton Business Finance reported a 13% increase in pre-tax profit, reaching £10.8m ($14.6m). The company also noted a 19% rise in collective turnover among its clients, from £2.1bn to £2.5bn. "Skipton Business Finance provides funding to SG Brands" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-07-2025
- Business
- Yahoo
Skipton Business Finance provides funding to SG Brands
Skipton Business Finance has provided six-figure invoice finance to SG Brands, a Sheffield-based distributor of luxury and niche fragrances. The funding will enable SG Brands to purchase stock from brand holders, enhance supplier partnerships, and widen its distribution network. Specifics of the finance facility were not disclosed. Founded by Samuel Gearing in 2019, SG Brands supplies fine fragrance labels to retailers such as Liberty and Fortnum & Mason. The invoice factoring facility will also enable the company to invest in new opportunities with brands such as Portuguese beauty brand Benamôr and French fragrance house Bienaimé, addressing rising customer demand. The deal between Skipton Business Finance and SG Brands was facilitated by Mark Millhouse from Oldham-based PMD Business Finance. SG Brands director Samuel Gearing said: 'Securing the funding from Skipton Business Finance is a pivotal moment for SG Brands. It gives us the capacity to scale our stockholding and develop relationships with our brand partners. 'We chose to work with Skipton not just because of their flexible funding model, but because they took the time to understand our business and what makes it special. Their support means we can now pursue our growth plans with greater certainty and ambition.' Skipton Business Finance North-West and Midlands regional sales director Jim Furey said: 'We are delighted to support SG Brands at the start of this exciting growth chapter. Samuel and his team have built a distinctive and highly respected business in the fine fragrance sector, and our funding will enable them to respond to increasing demand while safeguarding the operational ability of the company.' 'At Skipton, we work with an incredibly diverse client base, from traditional industries to innovative niche sectors, and SG Brands is a great example of that range. We are proud to be backing them through this period of growth and looking forward to being on that journey with them.' Skipton Business Finance specialises in providing invoice factoring and discounting solutions tailored for SMEs across various sectors. In March, the company provided a £350,000 invoice discounting facility to Invision Recruitment in Bishop's Stortford. The funds enabled Invision to expand its permanent placement services in the construction and civil engineering sectors. Last year, Skipton Business Finance reported a 13% increase in pre-tax profit, reaching £10.8m ($14.6m). The company also noted a 19% rise in collective turnover among its clients, from £2.1bn to £2.5bn. "Skipton Business Finance provides funding to SG Brands" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-03-2025
- Business
- Yahoo
Skipton Business Finance reports 13% rise in 2024 pre-tax profit
Skipton Business Finance (SBF) reported a 13% increase in pre-tax profit, reaching £10.8m ($13.9m) for 2024. A part of the Skipton Group, the company also reported a 19% rise in collective turnover among the businesses it serves, from £2.1bn to £2.5bn. SBF partners with businesses across key industries to provide funding solutions aimed at supporting long-term growth. The company's funds in use (FIU) grew by 11% to £190.1m, with peak FIU increasing by 12% from £184.5m in 2023 to £207.3m in 2024. Skipton Business Finance CEO Greg Bell said: '2024 was a pivotal year for us, demonstrating our steadfast commitment to supporting businesses across the UK. Achieving a record £2.5bn in turnover across the businesses we serve and a 13% increase in profitability reinforces our position as a key provider of flexible and accessible funding solutions.' 'As we look ahead, our strategic, client-centric focus remains on innovation, strengthening our relationships with intermediaries, and ensuring businesses have the financial resources required to drive sustainable growth.' The company also increased its charitable donations by 10%, with WizeUp Financial Education being a key beneficiary. This aligns with SBF's goal to improve financial literacy in the UK. SBF supports more than 30 initiatives through Community Matters, a grant-making programme developed by the company. Skipton Group group CEO Stuart Haire said: 'Skipton Business Finance is a core component of the Skipton Group, playing a vital role in our commitment to supporting financial wellbeing and driving business growth across the UK. 'Its exceptional performance in 2024, including record lending and increased client satisfaction, underscores the team's dedication to empowering UK B2B businesses - an essential pillar of the UK economy.' SBF recently provided a £350,000 invoice discounting facility to Invision Recruitment, which is based in Bishop's Stortford. The funding supports Invision's expansion in construction and civil engineering permanent placements. Invision Recruitment, which currently places 30% of its candidates in permanent roles and 70% in temporary positions, aims to achieve a 50/50 split by 2025. However, longer invoice payment terms from larger clients created cashflow challenges that risked restricting growth. "Skipton Business Finance reports 13% rise in 2024 pre-tax profit" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
