A director buy-in has been completed at a Yorkshire independent commercial finance business.
Commercial Finance Partnership, which has bases in Ilkley and Doncaster, was established by former Handelsbanken director Matt Hawcroft in April 2019.
In its first year, the firm grew to a team of four people, achieved full FCA authorisation and built a panel of more than 100 lenders.
Mark Flanagan joined the business in Sept 2019, initially as a sub-contractor (appointed representative), and has now completed a buy-in to become director and 50 per cent shareholder.
Matt Hawcroft said: "Attracting Mark into the business at such an early stage certainly helped accelerate the growth of Commercial Finance Partnership in its first year. His experience in the independent finance sector and strong relationships he had already gained with lenders has been invaluable.
"The completion of this transaction is milestone and a very positive step in our journey to deliver the growth we desire."