UK asset-based lender, Ultimate Finance, has appointed Nick Haggitt as head of sales for the South.

Haggitt has over 20 years’ industry experience and joined the company in 2018 to oversee the South East and London sales team.

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Andrew Ribbins, group sales director at Ultimate Finance, said: “With the best people, we can deliver the first-class service our introducers demand and provide the right funding solutions to their clients.”

According to a statement from the firm, the development of the sales team will help Ultimate Finance advance its business, enabling further SME growth in the UK, whilst also helping them to navigate the impact of the pandemic.

Taking over from Martin Bennison, Haggitt will be working alongside several other recent appointments including Laurence Trevaskis as regional director, Tom Adamson as senior business development executive and Monique Deledgar St Clare as a business development executive.

Ribbins said: “I am extremely proud to see these people achieve promotions within our business, which is a testament to our People Promise to champion each and every person and invest in their success.”

Ultimate Finance

The business, established in 2001, is part of international private investment company Tavistock Group.

Ultimate Finance has offices in Bristol, Manchester, Leeds, Lutterworth and Edinburgh and provides asset finance, CBILS loans and working capital facilities.

On 18 January we published:

Ultimate Finance defies Covid-19 odds with strong annual growth

UK asset-based lender Ultimate Finance provided more than £1.5bn to British SMEs during 2020, despite difficult economic conditions attributed to Covid-19, the specialist lender said in a press release.

Organisational highlights include record performances in asset finance, boasting a 30% growth in quantity of new asset finance facilities and a loan book of £64m, Ultimate Finance said.

In the bridging finance funding segment, Ultimate Finance registered 66% growth with a loan book of £65m. The firm also channelled £125m of new funding facilities to upwards of 1000 new clients.