30 Apr 2020
BZ is to expand its management team in May with two high profile senior appointments, both of whom will bring with them a wealth of industry experience. This important move serves to underline the company’s strategic commitment to growth and its continued support of the SME market. Watch this space for more details.
We recently announced the strengthening of our regional presence in the North West, with the arrivals of Annabel Todd and Andrew Welden. Again, we look forward to bringing you news of further new joiners in the coming weeks and months ahead, as we bolster our portfolio and new business origination teams.
To continue our theme of continued growth, we are also delighted to have completed a USD $10,000,000 export receivables finance facility to support the expansion of Sonan Bunkers (UK) Ltd. We have been extremely busy this month progressing a strong pipeline of new deals, a number of which are nearing completion, as well as providing increased funds in support of our portfolio. We look forward to delivering much needed liquidity to the market.
Brent Osborne, CEO comments: “At BZ, our dedicated focus is on backing the present and building for the future. Whilst we are locked down, we are certainly not locked out. We remain close to our customers and the markets we serve and are supporting change to meet the ambitions of our clients, in the context of navigating the challenging business environment surrounding Covid-19 together and beyond.”
Brent continued: “From funding growth and investment in technology and talent acquisition to consolidation, corporate restructuring and divestiture and the inevitable acquisitions, MBOs and MBIs that will result, the management teams, sponsors and advisers we are speaking to are seeking ever more pragmatic and imaginative solutions. By being able to fund large and complex transactions up to £150 million through ABL and cash flow structures, we will double-down on our support with our enhanced team to ensure the resilient and successful emergence of businesses.”