East Yorkshire based One Stop Business Finance is set for substantial further growth this summer with the launch of a new company and a doubling in the size of its team.
The next stage of expansion for the seven year old Laytham business will see the creation of One Stop Invoice Finance Ltd, while 12 new employees are eyed as the original element widens its footprint.
The invoice element is to be headed by a newly appointed “highly experienced business finance professional” with roles including operations and risk director, relationship manager and credit controller being brought forward.
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Andrew Mackenzie, managing director, said: "The business has continued to grow rapidly, despite the impact of the pandemic on our working capital lending and, as with all our expansion to date, our future recruitment will be funded fully from the cash that we have generated.
"We had always planned to expand in the North, but our invoice finance plans have been accelerated by a couple of years, as we have found an exceptional candidate at an opportune moment.
"With our fantastic rural office location, we are confident of attracting high calibre staff to the invoice finance team and following our recent appearance in the Ward Hadaway Fastest 50 growing companies, we believe that we offer exceptional employment opportunities."
Sustained profitable growth has been achieved since growth for the firm that provides alternative finance for firms turning over up to £25 million a year.
Rachel Mackenzie takes up the role of business development director for the North, and is to establish a team of six business development managers, having returned from maternity leave.
The Midlands team, managed by Rebecca Ennis, will expand further south with the recruitment of three new business development managers.
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