22 October 2021: Advantedge Commercial Finance (Advantedge), a leading invoice financier, has appointed Andy Phillips to the role of Regional Sales Manager. Andy will be responsible for leading the development of the firms’ presence in London and the East of England.
The appointment comes as latest figures show that business confidence rose 10 points* in September to 46% with all regions across the UK reporting double-digit confidence levels. This is positive news and is reflected in the increasing demand that Advantedge are experiencing having proactively supported firms with vital funding solutions to help secure their futures. Their commitment to supporting businesses over the last 18 months has seen Advantedge achieve a funding milestone of £100m in July with levels now more than £110m as they satisfy an increasing demand for finance from firms navigating their recovery.
In joining Advantedge, Andy brings with him a wealth of experience to the role having spent his career working within the banking and invoice finance sector in new business roles. Having worked for some of the leading names in the industry from High Street Banks, Independents and Fintech providers, he has earned a reputation for building strong relationships with businesses to identify, structure and deliver the best funding solution to support their plans.
As Andy comments: “I’m really pleased to be joining Advantedge. I can genuinely say that I have been impressed with the way they work with their clients. Throughout the pandemic and recovery, they have continued to be easily accessible resulting in the fast delivery of flexibly structured funding facilities. They have played a crucial role in supporting businesses over the last 18 months and their continuing growth is reflective of their commitment to SMEs. With a real commercial perspective, access to large funding pools and a commitment to delivering a market leading service they are an ideal funding partner. With funding facilities available up to £2m I am looking forward to supporting firms in the region as they get firmly back on their feet”.
Despite overall confidence across the UK increasing, firms in the East of England experienced a slight downturn in confidence for their own businesses* in September with levels dropping 23 points to 18% as might be expected with the momentum of summer trading receding. That said firms in the region have more optimism in the economy which experienced a rise of seven points to 43%. Despite the dip, business confidence across the region remains high and well above the year-to-date average as businesses press on with their recovery and growth plans.
As Andy continues: “Businesses are continuing to actively plan their business growth. Whilst firms still face challenges ahead amid the ongoing supply chain and labour shortages, there are clear plans for job creation which will help drive the region’s economic recovery in the long term. Ensuring they have the funding available to make these plans happen is crucial if they are to continue to capitalise on the opportunities that arise.”
Advantedge are committed to delivering a locally based operations which understand local businesses and their markets. They offer a full range of invoice finance facilities to small and medium sized businesses delivering fast and flexible finance solutions to clients on their own terms so they can capitalise on opportunities as they arise.
As Mark Finn, Regional Managing Director of Advantedge concludes: “We are delighted that Andy has joined the team. He has built a credible reputation in the invoice finance sector and has a reputation for delivering well-structured deals that support clients funding expectations.
Advantedge remain committed to personal and local relationships to ensure we can deliver empathetic solutions that meet our clients’ expectations. He understands the importance of building transparent and local relationships with businesses and their advisors, and we are looking forward to continuing to make a difference to businesses in the region.”
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* Lloyds Bank Business Barometer survey
For Advantedge enquiries, please contact:
Ian Ward on [email protected] / 07917 575 451 or
Diane Blinkhorn on [email protected] / 07753 671 302
Notes to Editors
About Advantedge Commercial Finance
Advantedge Commercial Finance (Advantedge) is a leading invoice financier providing funding facilities up to £2m to support the growth of SME’s through the provision of flexible working capital facilities. The business has grown significantly since its launch in 2001, providing over £2 billion of funding to businesses. It is majority owned by eCapital, a US based financial services business with interests in the USA and Canada.