Arbuthnot Latham & Co., Limited, have today announced the launch of Arbuthnot Commercial Asset Based Lending Ltd.
The new division will specialise in lending for SMEs and mid-cap businesses and will be led by Tim Hawkins – who joins Arbuthnot Latham as Managing Director from Shawbrook Bank.
These businesses will benefit from the commerciality, commitment and creativity of a market-independent bank, aligned with the strength, stability and heritage of the Arbuthnot brand.
The division will offer a comprehensive asset-based lending product suite, with confidential invoice discounting as the core facility, supported by stock, plant and machinery, property, and cash flow lending, to generate optimal headroom for businesses.
Tim joins with over 30 years’ experience at the vanguard of the asset-based lending industry, having previously co-founded Centric Commercial Finance, which was subsequently acquired by Shawbrook Bank, where he was formerly Managing Director of the Business Credit Division.
Commenting on the launch of the new Division, Arbuthnot Latham’s Chief Executive, Ian Henderson, said: “The launch of the new Division further strengthens our Commercial Banking offering, as we continue to drive our growth strategy.
“By filling a gap in the SME and mid-cap lending market, our dedicated team will support businesses across the UK to realise their growth ambitions. Tim brings the expertise, experience and knowledge required to drive further growth for SMEs and mid-cap businesses.”
Tim Hawkins said: “I am extremely proud to have joined Arbuthnot Commercial as Managing Director of this new division.
“The team we are building is united by the desire to work in an enterprising culture and provide an asset-based lending service that delivers personal attention and develops long-term relationships founded on trust and transparency. We have a clear go-to-market strategy and are excited at the opportunity of building a strong market presence”.