Helen Wheeler - Construction Finance MD
Funder announces plans to expand specialist business on tenth anniversary
Specialist funder, Bibby Financial Services (BFS) has appointed Helen Wheeler as managing director of its construction finance business as it celebrates its tenth year of providing funding in the sector.
Wheeler – who has 17 years’ experience in the invoice finance market – will take up her new role on 1 March and her appointment forms part of the company’s plans to expand its presence in the construction sector.
Wheeler said: “As the first invoice financier to offer specialist finance to the sector in 2004, we’re well placed to increase much needed support to construction businesses and to help them take advantage of improving conditions in the UK.”
Following roles at RDM Factors, Wheeler joined BFS in 2005 holding operational and risk-related positions before her appointment as Operations Director for Bibby Financial Services Bristol in 2009.
The funder’s construction team has grown significantly over the past decade, now boasting 50 staff nationally with further recruitment planned in the year ahead.
David Postings, CEO at BFS said: “Since we launched our construction finance offering ten years ago, we have supported the growth of over 1,200 construction firms and sub-contractors.
“We have ambitious growth plans for which we have already started to recruit – both for operational and business development roles.
“I’m delighted to announce Helen’s appointment. I’m confident that her risk and operations based experience - gained over nine years with the company - will help us to increase both the funding and service we offer.”
Postings added: “Our expertise in funding this market is unrivalled. Adding new talent to our existing knowledge-base will enable us to increase our support to construction businesses which other funders are simply unable to back.”
Vince McCormack of V&C South West – a service provider to housing developers - said: “To provide finance in this sector you really have to understand how construction works, and Bibby Financial Services has this specialist knowledge, which is why I have remained a customer over the past six years.”