David Robertson has announced that he will be stepping down from his Chairmanship at Platform Black and throwing himself into full time retirement. It is the second time Robertson has retired from the company in 5 years. This time he says it’s a fact.
The move follows a period of intense activity for Platform Black which has seen significant changes to its shareholding following an internal group restructuring and some new minority shareholders coming on board to invest in its ambitious growth plans.
Caroline Langron, MD of Platform Black comments: “It has been really beneficial to have David in the company. His wealth of experience and reputation in the business finance market has been absolutely invaluable. He has been so passionate about Platform Black and its innovative approach to ensuring UK businesses have easy and fast access to flexible finance for their businesses. Following two successful years, the business is moving quickly to the next level. With new business thriving; nearly 18 months of zero defaults under our belts; a rapidly expanding team and a growing reputation for responsible financing, David felt that the time was right to leave us to it”.
David will be replaced as Chairman by John Davey, a co-founder of Sancus BMS Group, who added: “We would like to personally thank David for his valuable support and contribution to Platform Black over recent years. As the business moves forward, the strengthened Sancus BMS Group will be able to provide increased support that a larger group can provide to help Platform Black realise its growth potential”.
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As part of shareholding changes announced recently, Platform Black has benefitted from its new minority shareholder injecting an additional £50m of funds into the business, which is intended to support future growth and ensure more businesses get the funding they need to grow.
As Davey commented: “Having previously ‘retired’ as CEO of the leading independent invoice financier in 2011, I couldn’t resist having an involvement in this new and upcoming business that was looking to change the face of finance. I have thoroughly enjoyed working with Caroline and her team as she set about positioning the business for future growth. It has been a joy to end my finance career here and I am so proud of Platform Black’s great achievements. I am more than confident that Caroline will continue to steer the business onto great things over the coming years”.
So what does the future hold for David. As he remarked, “I’ve been told I don’t understand what retirement means, so I am sure it will continue to be busy – I am still involved in a few charities and I’m a keen bike rider having completed a 300 mile ride over six days in Vietnam last year and I am sure my next challenge will require just as much effort”.