Business finance company poised for further expansion

East Yorkshire-based One Stop Business Finance (OSBF) is set for substantial further growth this summer with the launch of a new company and a doubling in the size of its team.

Since the SME funding specialist was founded seven years ago, it has enjoyed sustained profitable growth UK-wide which has provided the platform for OSBF to fund the next stage of its expansion.

This will see the business seek to recruit a further 12 employees and establish a new company, One Stop Invoice Finance Limited, which will be headed by a newly appointed highly experienced business finance professional.

The next phase of recruitment will include an operations & risk director, a relationship manager and a credit controller. They will all be based at the firm’s East Yorkshire office midway between Howden and Pocklington.

OSBF is also welcoming Rachel Mackenzie’s return from maternity leave which will enable her to take up her appointment as business development director (North).

She will establish a team of six business development managers across the North of England as part of One Stop Business Finance’s ambitious future plans.

Additionally, the Midlands team managed by Rebecca Ennis will expand further south with the recruitment of three new business development managers.

Andrew Mackenzie, managing director, said: “The business has continued to grow rapidly, despite the impact of the pandemic on our working capital lending and, as with all our expansion to date, our future recruitment will be funded fully from the cash that we have generated.

“We had always planned to expand in the North upon Rachel’s return, but our invoice finance plans have been accelerated by a couple of years, as we have found an exceptional candidate at an opportune moment.

“With our fantastic rural office location, we are confident of attracting high calibre staff to the invoice finance team and following our recent appearance in the Ward Hadaway Fastest 50 growing companies, we believe we offer exceptional employment opportunities.”

One Stop Business Finance provides secured loans from its own funding and through its network of finance providers for SME clients who can offer security for their debts.