After review, Shire Leasing sales divisions are set to be completely restructured, said the business in a release.

As of Monday 3rd September, salespeople from both divisions report to a single regional director. The UK market has been split into East and West, both headed up by new regional directors. These roles have been taken up by Carl Cartwright in the West, and Darren Fletcher in the East.

Cartwright has been at the company for over 14 years and was previously in the role of Shire Leasing sales national manager. Fletcher has also spent 14 years at Shire, and was previously a customer sales manager.

The Shire Leasing sales teams had been divided into customer sales and supplier sales, where each division had account managers that operate in designated areas across the UK. The supplier sales team targeted UK B2B equipment suppliers, who provide their customers with Shire’s asset finance options. The customer sales team worked directly with UK SMEs who require finance of all kinds.

Sales director Sharon Price, who will continue to oversee the entire sales force, said: “I am delighted to promote Carl and Darren to the new positions of regional director. They have a common goal to deliver the company’s business plan across all of their areas of responsibility and are tasked with bringing focus and drive to these teams. Their skill set and ambition will help individuals to develop and we expect them to deliver exceptional growth in both volume and overall profits.”

In April the British Business Bank provided a £37.4m facility to Shire Leasing to increase its funding to smaller businesses for leasing.

The transaction is being made under the Bank’s Enable Funding programme, which aims to increase the supply of funding to smaller businesses in the UK. The British Business Bank’s commercial arm – British Business Bank Investments– is providing £6.6m of mezzanine funding under its Investment programme.

The facilities will allow Shire to both grow and diversify its funding base.