Commercial finance provider Independent Growth Finance (IGF) has appointed an ABL director for the Thames Valley region of the UK.
Having worked in the finance industry since 2001, Dave Pickup focuses on improving SME cash flow through alternative funding. This includes the providing of facilities for start-up finance, MBOs and acquisitions, as well as general working capital.
Pickup joins IGF from RBS, where he held the position of business development manager for over four years. Prior to this he headed up the Thames Valley SME Invoice Finance team at Metro Bank. Other positions include as a regional sales director at Close Brothers Invoice Finance, and business development manager at Barclays Sales Finance.
Pickup said: “This is an incredibly exciting time to be joining the team at IGF. The various roles I’ve held over the last 20 years have given me a wealth of experience in areas that affect SMEs in the UK. I’m looking forward to increasing the diversity of finance options available to Thames Valley businesses, ultimately helping to unlock their growth potential.”
John Onslow, chief executive officer of IGF, said: “Despite political and economic uncertainty our business is thriving. As such, we continue to be very optimistic about 2019 and beyond. In appointing Pickup to the Thames Valley area we’re confident we have the right people in the right places to support even more businesses. Our business and our clients will benefit from his extensive knowledge and deep understanding of the SME sector.”
Founded in 1997, IGF works with businesses with a turnover of £1m to £100m with finance provided predominately on a secured basis against receivables, inventory, plant & machinery and property.
Last month IGF reached the milestone of £100m client funds in use through the funding of UK SMEs. The company’s audited 2018/19 accounts show a 39% growth in funding provision, as compared to the 2017/18 financial year. IGF said it had experienced a nearly five-fold increase in client funds over the last three years.