The founding directors of Manchester-based Reparo Finance, Andrew Ward and Sharon Bryden, have taken over operational control of Red Flag Alert, the Manchester-based data provider.
Red Flag Alert provides up-to-date corporate information which can be used in a wide variety of applications from credit control to new business and marketing.
Reparo has also appointed Phil Dibbs as a new business director covering Yorkshire and the North East of England and John Landers as a new business consultant covering the South Midlands and London.
Dibbs previously worked for BDO, Grant Thornton and Bank of Scotland in Yorkshire, while Landers, who will be based in Northampton, has previously held senior positions at RSM Tenon and Opus.
Dibbs said: “It’s exciting to be joining a small, fast –growing business like Reparo. Its products give the SME market a really flexible and much-needed alternative to mainstream lending, and I am looking forward to helping the firm to continue to grow by making more businesses across the north aware of the choices available to them.”
Reparo Finance offers asset-backed finance and asset based lending, amongst other funding products, for SMEs in the UK.
Andrew Ward, managing director of Manchester-based Reparo, said: “It’s great news that Phil and John have joined our team and will be driving our business development activities. With their extensive experience in financial services, they have a real understanding of the funding challenges facing SMEs and will play a key role in communicating our offering to businesses further afield.
“Having recently launched an eight figure fund to support medium term business funding, we are now able to help even more businesses in need of rapid access to working capital and we expect our team to continue to grow in the coming months in line with increasing demand.”