Beta, is set for growth as it celebrates two years in business.
In its initial 24 months, Staffordshire Moorlands based Beta Commercial Finance, has provided funding to support business growth and more than 50 jobs and now plans to add to its own team.
Beta Commercial Finance has more than doubled its turnover from year one to year two.
Managing Director, Tom Wilkinson, has revealed plans to double his team from two to five in 2019. Plans are at an advanced stage to employ an apprentice, an FCA-registered (Financial Conduct Authority) Commercial Manager and an Office and Compliance Manager.
Tom said: “Beta has the ability to search the whole of the market as we are independent and not just linked to one bank or lender. We constantly explore the markets and by building relationships with the lenders, we can negotiate the best pricing and funding packages on a customer’s behalf.
“This is paying dividends for our client and it is fantastic to be able to use my knowledge to support a varied range of growing companies.”
Beta has worked on deals to provide new or bigger premises and to finance business machinery for companies as diverse as an accountants, a dress designer, a printer, a day nursery and a travel agents.
An early deal involved brokering a financial package for the new Daisy Bank Business Centre, Cheadle, opened by HCA Developments in 2018.
Beta also worked with So Marketing to fund the purchase of their offices in Broad Street, Leek. James Aberley, Managing Director, said: “We were recommended to Tom to help us during a very fluid situation with securing finance for our offices. Due to some extreme time pressures, Tom helped us to push all the players in our chain to ensure that the funding we needed was in place and on time and that enabled us to purchase our commercial premises in November 2018.
“I would recommend Tom to anyone who requires commercial lending facilities in the future due to his over and above attitude to getting things done.”
Tom added: “The deal hinged on an application for grant funding and the timings were tight, so it was a challenge to get everything in place to meet deadlines.”
Beta Commercial Finance has also fostered growth by developing relationships with many of the area’s accountancy practices who refer clients searching for finance. Vanessa Fuller, Director, at Premier Tax Solutions, said: “We have referred several clients to Tom at Beta and we do so with the confidence that he will find the best available solution. The feedback from our customers about Beta is always positive.”