Sanderson Weatherall to tap into multi-billion pound asset finance industry

Sanderson Weatherall, the property consultancy and chartered surveyor, has introduced a new asset advisory service to deal with an increasing demand from its customer base.

The new service follows the appointment of Chris Brooke, who has joined the Manchester-based firm as an associate partner within its asset-based lending (ABL) valuation and advisory department.

Chris’ experience will allow the company to expand its offering to include debt advisory consultancy services and accounts receivable collateral reviews and auditing.

Chris, who will work alongside Sanderson Weatherall partner Christian Humphreys and associate partner Lee Joyce.

He said: “Sanderson Weatherall is now able to provide accounts receivable collateral review and debtor ledger recovery, enabling the firm to benefit from the buoyancy in the sector and offer clients a fully integrated suite of asset based lending services.

“The firm’s strong reputation and potential for even further growth within asset based lending advisory and valuation was a real draw for me to join Sanderson Weatherall and I am looking forward to sharing my experience with the team and clients.”

With its expanded services, Sanderson Weatherall is hoping to take advantage of what it sees as an increased appetite for asset-based lending among businesses. According to the Asset Based Finance Association (ABFA), which represents the industry in the UK and Ireland, the amount lent through asset-based finance stood at £19.3bn at the end of June, a year-on-year increase of £370m.

Commenting on the new services, Christian said: “The asset finance market continues to see a robust recovery following the economic downturn and demand for these types of services and products is growing.

“Companies looking to expand or refinance are increasingly looking at new ways to fund their plans and unlocking cash tied up in assets is one way to do this.”

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