This week, a core team from Henry Howard Finance (HHF) met to discuss the various successes and challenges of the business in 2016, and to plan ahead for 2017.
Mark Crook, Chief Operating Officer of the HHF Group hosted a strategy day at the Celtic Manor Resort just outside of Newport, ahead of year end 2016.
The meeting was attended by business heads from Vendor Finance, Asset Finance, Retail Finance, Cashflow, Technology, Telesales and Marketing.
Discussions focused on the increasing demand for the financial services group, and lessons learnt from transacting more than 5,000 lease agreements for SME’s this year to date.
The meeting also confirmed that HHF are on target to lend more than £100m in 2016, up from £75 million last year and £40 million in 2014.
All teams attending stated confidence in the HHF offering, confirming that the group’s services are unrivaled by traditional challenger banks who struggle with bureaucracy and red tape.
Agility and employee attitude were also identified as contributing factors of HHF’s impressive growth in 2016.
Looking ahead to 2017, participants agreed that implications for the alternative funding market are positive, and that with the support of existing talent and technology, HHF is well positioned to take advantage of market opportunities.
Commenting on the strategy session, Mark Crook said; ‘Our broker mentality means that we understand the challenges faced by our vendors and customers, whilst the flexibility of our in house underwriting team allows us make timely decisions ahead of many high street lenders.
This unique approach ensures our reputation as the independent funder of choice for the UK SME market.’’