Writing this, it is hard to believe that it is 12 months since LDF were acquired by Cabot Square Capital. However when I look back at what we have achieved in that period, it’s no surprise that it has flown by. We set out 12 months ago to change our business model from being a broker with a small appetite for funding to being a significant funder in the SME and professional markets, while maintaining a strong brokerage capability. While this sounds quite a simple change, the work to achieve this in terms of systems, policies, internal roles and communication to the market is significant. Due to the hard work of our employees and the support of our funding partners, we have achieved our aim ahead of what was an aggressive timescale. I am especially delighted that this is starting to be recognised by the wider market. In this period of change we have demonstrated that we can get the balance right by winning the Leasing World Broker Service of the Year award while at the same time being shortlisted for the Credit Newcomer of the Year with CCR. It is important that we maintain both a credit and brokerage proposition to the market .
These efforts are only worthwhile if they enable us to provide better facilities and experiences to our clients, both existing and new. I now believe we are much better positioned to offer a more flexible offering in terms of facility size and product range to you. I hope you see the benefits of this change and look forward to working with you to provide the funding your business needs.
Finally, I would like to thank all of our clients for their business over the last 12 months. We do recognise that you have a choice and appreciate your decision to choose us as your partner.