Trio step up to take ownership of specialist lender
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A specialist finance firm has announced a new ownership structure which has positioned at the helm three team members who have been instrumental in the company’s success.
Driving Finance 4 Business into the next phase are new owners CEO David Pinnington and directors Melanie Johnson and Paul Atkinson.
Finance 4 Business is based on Cornwall Street in Birmingham.
Pinnington took over from Russell Martin as CEO in March this year, after joining the business in 2017, and now has partners Melanie and Paul by his side in ownership – as well as new investment from shareholding investor Darryl Eales, a former CEO and latterly advisory chairman of LDC, the private equity arm of Lloyds Banking Group.
Pinnington said: “It’s been a momentous year for us, with the launch of the ARMCO group, which we are part of, giving us access to synergistic services such as corporate support, land procurement and development, and insurance services – enabling us to offer clients a truly holistic approach to a range of scenarios in an increasingly complex business landscape.
“We feel this has significantly enhanced our offering and contributed to our success. This, combined with the expertise and experience of Melanie and Paul, who have been with Finance 4 Business under Russell Martin’s ownership for more than a decade, means that we are a strong team to drive the business forward. We will continue our mission to help investors, developers and businesses capitalise on the opportunities that are emerging in the property market,” he added.
Finance 4 Business provides specialist mortgages, bridging finance and development finance.
Johnson said: “As a long-term member of the Finance 4 Business team, and abreast of all operational elements, I feel my experience and knowledge in this area is vast and that as an owner of the business, I can bring a lot to the company growth strategy and vision. It’s great to be able to move forward in a more hands-on role and help drive the direction of the business.”
As founder of Finance 4 Business which was established 15 years ago, Russell Martin remains a shareholder.
He said: “Finance 4 Business was my original baby and I’m proud of what I have achieved over the years in helping to make it the business it is today. But it’s time to fully hand the reigns to David, Melanie and Paul, who have been a major ingredient in the recipe for success and will continue to drive the business forward, catering for a market evolving at pace.”