UK asset finance broker Davenham Asset Finance has appointed venture capitalist Richard Bamford to its board of directors as non-executive chairman.
Bamford has worked as an independent finance consultant for SMEs, and was founding chairman of UK venture capital fund Enterprise Ventures.
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Davenham Asset Finance is an independent asset based finance provider offering solutions to ‘near’ and ‘sub-prime’ SME’s, and is headquartered in Manchester, UK.
Bamford said: "Davenham is an exciting business opportunity in a high growth market, and I am delighted to be working with Paul Burke and Heather Robinson to further develop and diversify the business. As a result of the banking crisis, many viable UK based SMEs are still finding it difficult to attract bank funding, and Davenham offers attractive alternative lending options as lease, hire purchase and trade finance."
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