"We will double our loan book and the average loan size has risen over 50% to circa £900,000. "
Aspen Bridging has appointed Manjeet Bhogal as a finance director.
Manjeet, who previously worked for Aspen’s parent company S&U PLC for several years, will monitor and forecast business performance to optimise the lender’s financial position.
In-line with Aspen’s time-based targets, she will also be involved in overseeing the administrators for fund releases for loans and drawdowns, which establishes pay-out of funds within three hours of receiving a report on title from solicitors, followed by same-day broker commission payments.
Jack Coombs, director at Aspen, said: “This year will be remembered as a watershed moment in our history, we will double our loan book and the average loan size has risen over 50% to circa £900,000. To maintain this growth and plan for the future it is imperative we have the right people in senior positions.
“We’ve known Manjeet for many years and she has got the skillset to really make a positive impact on our business, her grounding in the credit market and knowledge of S&U PLC’s operations gives her an in-depth knowledge and experience which is second-to-none.”