- Henry Howard Finance (HHF) was recognised by judges as having the most impact on alternative finance deals in Wales between 1 July 2016 – 30 June 2017
- In this period, HHF increased its lending to Welsh businesses by 111 per cent, with volumes up more than 180 per cent on the previous year.
Last night, Henry Howard Finance fought off stiff competition from a range of asset-based and invoice financiers, angel investors and peer-to-peer platforms, to scoop the title of Alternative Finance Provider of the Year 2017 at Wales Business Insider’s Welsh Dealmakers Awards 2017.
The title was awarded to HHF after the firm secured an impressive number of financial deals for Welsh SMEs between 1 July 2016 and 30 June 2017. During this time, HHF funded 842 asset-based finance deals for 667 businesses in a variety of sectors across Wales, compared to 511 deals for 316 businesses the previous year – an increase of 111 per cent.
Also during this period, the total value of funds lent by HHF to Welsh businesses increased by 185 per cent on the year prior (£10,412,609.90), equating to £29,624,518.29.
Commenting on the night of the award ceremony, Matt Jones, head of asset finance at HHF, said: “I’m delighted to collect this award tonight. Over the past year, the team at HHF has strived to improve the firm’s offering to SMEs within Wales and beyond, and this award is testament to the hard work of our staff who make deals happen.”
Group chief executive officer, Mark Crook, added: “As a business born in Wales, this award supports our commitment to removing barriers to finance for all types of Welsh businesses.
“Our continued dedication to providing quick and easy forms of alternative finance will provide both existing and start-up companies with access to funding, and in turn we believe this will support the Welsh economy and drive Wales forward as a key player within UK financial services.”
In the past year, Henry Howard Finance Group has strengthened its offering to SMEs across Wales and beyond not only with their increased lending capacity, but with diversification into new sectors.
In June 2017, HHF launched its new Commercial and Property Finance division, which provides SMEs across the UK with easier access to specialist advice, funding and support for a wide range of commercial requirements, such as commercial mortgages, property finance, crowdfunding and bridging loans – access to which has been previously challenging in recent years.