Advantedge Commercial Finance, an invoice financier, has appointed Andy Phillips to the role of regional sales manager.

In a press release, the company said Phillips (pictured below) will be responsible for leading the development of the firms’ presence in London and the East of England.

The appointment comes as the Lloyds Bank Business Barometer survey shows that business confidence rose 10 points in September to 46 per cent with all regions across the UK reporting double-digit confidence levels.

Phillips has built his career working within the banking and invoice finance sector in new business roles. Having worked for Barclays, Bank of Scotland, Bank of Ireland, Hitachi Capital Invoice Finance, Aldermore Invoice Finance and Bibby Financial Services as well as Fintech providers.

Phillips said: “With funding facilities available up to £2m I am looking forward to supporting firms in the region as they get firmly back on their feet”.

Despite signs of confidence across the UK increasing, firms in the East of England experienced a slight downturn in business confidence in September with levels dropping 23 points to 18 per cent (according to the Lloyds Bank Business Barometer survey) as might be expected with the momentum of summer trading receding, the company said in a statement.

Phillips continues: “Businesses are continuing to actively plan their business growth. Whilst firms still face challenges ahead amid the ongoing supply chain and labour shortages, there are clear plans for job creation that will help drive the region’s economic recovery in the long term. Ensuring they have the funding available to make these plans happen is crucial if they are to continue to capitalise on the opportunities that arise.”

Mark Finn, regional managing director of Advantedge Commercial Finance, said: “We are delighted that Andy has joined the team. He has built a credible reputation in the invoice finance sector and has a reputation for delivering well-structured deals that support clients funding expectations.

“Advantedge remains committed to personal and local relationships to ensure we can deliver empathetic solutions that meet our clients’ expectations. He understands the importance of building transparent and local relationships with businesses and their advisors, and we are looking forward to continuing to make a difference to businesses in the region.”

In July this year, Advantedge Commercial Finance reached a funding milestone of £100m over the last 18 months. The company was launched in 2001 and is majority-owned by eCapital, a US-based financial services business.

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