CLOSE Brothers believes the working capital needs of Scottish industry will continue to grow over the next year given their recent experience of the market.
The finance provider, which supplies innovative asset and invoice finance products to forward-thinking companies across Scotland has marked its commitment to increase lending in the market with the appointment of experienced finance professionals James Waterson and Jamie Lindsay to driveforward growth.
James Waterson has been appointed as Area Sales Manager for Close Brothers Asset Finance. With more than 20 years experience working in Banking and Finance including senior roles at Lloyds Banking Group and Bank of Scotland Corporate Asset Finance, he will be responsible for overseeing debt restructuring and asset refinancing at Close Brothers.
James said, “Scottish industry and commerce are hungry for the right type of finance that will help them grow and develop opportunities. It is vital that businesses can accessfinance in these challenging times and over the next year we anticipate lending to grow as local companies pursue growth opportunities. Many companies don’t realise the value of the assets they currently own and we will be working alongside them to release this and allow them to purchase plant, machinery and equipment to enable them to grow their businesses.
Jamie Lindsay will take up the role of Regional Sales Director for Close Brothers Invoice Finance bringing more than ten years of Banking and Finance experience to the company. Jamie has previously worked with Bank of Scotland and Bibby Financial Services and has a keen understanding of how businesses can benefit from invoice finance.
Jamie said, “To date, Close Brothers Invoice Finance has made a significant contribution to the Scottish economy, working with companies across many different sectors. I am keen to continue this and look forward to working with business to provide them with much-needed working capital to ensure the viability of their operations.”
Close Brothers are unique in the Scottish market with the sister companies working closely together to provide customers with a blend of both invoice and asset finance if required.
“We recommend using a suite of funding options to finance your future. So rather than put all your eggs in one basket, consider a blend of asset finance, invoice finance and leasing as well as a traditional bank overdraft,” added Waterson.
“Funding is available, you just might need to think differently about how you access it. We have a serious appetite to lend and our message is clear – we are open for business and will work hard to package the right deal for you,” said Lindsay.
Close Brothers Asset Finance and Close Brothers Invoice Finance are based within the same office in East Kilbride and their team of specialists has extensive experience working with businesses in a variety of sectors.
Close Brothers is a specialist financial services group which makes loans, tradessecurities and provides advice and investment management solutions to a wide range of clients.
Close Brothers was established in 1878 and today employs over 2,500 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.