Signature Private Finance, the privately-owned principal lender and growing force in the UK’s short-term property finance market, has appointed David Hughes to the role of Finance Director.
He was previously the Chief Financial Officer at MEM Consumer Finance Limited (T/A PaydayUK), an online loan provider, owned by a Nasdaq listed company.
A commercially strong Chartered Accountant with a legal background, he brings a wealth of knowledge and experience to the position. The appointment again demonstrates Signature’s ability to recruit high calibre individuals with the appropriate skills to enhance its burgeoning reputation with property investors and finance brokers.
Hughes said of his new role: “It’s a great time to join Signature Private Finance; it’s a firm on the rise, with a clear growth strategy. We are attracting interest across the sector, from first time investors to seasoned property professionals and this is a business that clearly understands what the market needs at a time when traditional finance sources remain difficult for many to access.
“I’m confident my experience will help the strategic development of the business, but my primary objective is to ensure we have the necessary internal controls and reporting procedures in place to cope with the predicted growth in the years ahead.
“Signature is building an experienced and committed team; my vast experience across diverse industries, with a strong history in managing the finance function, only enhances what is already a strong offering. This is a firm with the ambition to think big.”
Bilal Ahmed, Signature CEO, commented: “I believe this appointment again demonstrates the ambition of our business. David is a great asset to our team and will not only allow us to sustain our recent impressive growth, but ensure we are in the best shape possible to manage the significant growth planned for the longer term.
“It is gratifying that Signature Private Finance, in a relatively short time, has become a business able to attract individuals of David’s calibre. He has great experience of both the fine detail and big picture thinking required by the modern short-term lender. This heralds an exciting chapter in the Signature story.”
Signature Private Finance is backed by private equity funding with significant resources. Although a relative newcomer to the short-term finance market, its experienced team have direct personal experience of all aspects of the property market. They serve clients right across the UK, but have a deep, genuine and perhaps unique understanding of the market across the bridge in Wales.
The business makes all lending decisions in-house on an extensive range of flexible finance products including residential and commercial bridging, light refurbishment, VAT bridging, revolving trading facility and auction finance.