East Yorkshire-based One Stop Business Finance (OSBF) is continuing its impressive expansion plans after the launch of a new invoice financing company and a doubling in the size of its team.
Since the SME funding specialist was founded seven years ago, it has enjoyed sustained profitable growth UK-wide which has provided the platform for OSBF to fund the next stage of its expansion.
And now the new company in the group, One Stop Invoice Finance Limited, will be headed by Lynn-Marie Jameson as managing director.
Lynn-Marie has worked in the invoice finance sector for almost two decades and brings with her an in-depth knowledge of the invoice finance market, including a wealth of experience in leadership.
Lynn-Marie said: “I am delighted to be joining a team of highly experienced professionals at such an exciting time. The opportunity to help shape the future of the business by creating another solution to support SME businesses is one that I relish.”
Along with working in the independent invoice finance market providing funding solutions for SME businesses, Lynn-Marie also brings extensive experience of working in High Street banks, supporting mid to large corporate businesses.
Andrew Mackenzie, the group managing director of One Stop Business Finance, 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.
“Our invoice finance plans have been accelerated by a couple of years because we have found an exceptional candidate in Lynn-Marie at an opportune moment.”
One Stop Business Finance is based in Laytham, near York, and provides secured loans and invoice finance to clients around the UK from its own funding and through its network of finance providers for SME clients who can offer security for their debts.
The company differs from mainstream banks by working to find tailored solutions for an SME’s particular circumstances, taking clients through a process to identify the most suitable and cost-effective options and ensuring that responsible lending is at the heart of what they do.