Richard Briscoe, formerly of Arkle Finance, has joined the Close
Asset Finance group, where he will head a new unit, Close Business
Finance.
The objective, he said, is to develop a business along the lines
of Arkle precursor Weatherbys Finance, which he created from
scratch in 2002.
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Essentially, this will mean a broker-led operation with a focus
on “soft” assets such as catering equipment and shop and office
fittings, concentrating on ticket sizes between £5,000
(€5,500) and £50,000.
Briscoe stressed that Close Business Finance will have its
eye very much more on quality then on quantity of business, but
still anticipates lending £15-18 million in its first year.
Fred Crawley
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