Ultimate Finance are boosting their ambitious growth plans by hiring Nick Smith as the company’s new Group Sales Director
Already a sizeable independent in the UK Invoice Finance industry, Ultimate Finance became one the sector’s biggest players by securing an additional £20 million of funding following its acquisition by Renovo Group plc in the middle of last year. At that time CEO Jeremy Coombes declared his intention to capitalise on this opportunity by “marketing ourselves more aggressively and targeting SMEs more directly through the appropriate channels.”
The hiring of Nick Smith, who was previously a Regional Managing Director of Aldermore Invoice Finance is very much a part of this strategy. With his wealth of industry experience and his excellent connections across Yorkshire and the North East, Nick will be a huge asset as Ultimate Finance strengthens its presence and profile nationwide.
Commenting on the move Nick explains that “I see this as an exciting opportunity to join a company with a great range of products and great financial backing that offers terrific opportunities for growth. As well as their excellent Invoice Finance facilities they’ve developed a number of innovative asset, trade, recruitment, construction and transport finance products which are showing potential for robust growth. In terms of the company’s geographic footprint there are also attractive prospects – the company is strong in the South West but with plenty of room to grow in the major commercial centres of Yorkshire, the North West and the Midlands. I’m really looking forward to taking Ultimate into these different sectors and regions to help create a national lender of stature.”
CEO Jeremy Coombes added that “This is a terrific coup. We think his arrival will be transformational as Nick has a wealth of experience which will be invaluable in terms of heading up and mentoring the sales team and assisting with the development and marketing of new products –he will be a real catalyst for the next phase of our growth.”
