The Tonbridge, Kent-based independent finance company, which specialises in print and engineering finance, has taken on Ken Archbold as its new head of credit amid other senior appointments over the past twelve months.
Archbold, who joined Compass from Metro Bank (UK) in early September, described the company as “incredibly entrepreneurial”.
Mark Nelson, Compass director, also commented that Archbold’s “wealth of experience in working with broker channels will help support growth”.
Archbold said: “I am relishing the chance to bring that entrepreneurial role and spirit further into finance and to mirror how the directors Mark, Jamie and David and the team do things differently in the way they transact their business.
“Compass is particularly well known in print, packaging and engineering and has a really close relationship with their customers, partners and suppliers. They know the industry inside out, which will be a big learning curve for me. I am looking forward to bringing my experience into Compass to help further expand its capabilities.”
The new head of credit role was created in order to support more businesses amid Compass’ “significant growth”.
It has set growth targets to “double the amount of money it is putting into the market via its own book and intermediaries”, by lending an increasing volume of money into the market to support businesses in pursuing their own objectives. Compass credits its growth through its “specialist, innovative and relational” approach to the market.
Other new recruits this year include Rob Lee-Davey as finance director, another new position created in April.
Along with key senior appointments, the company has invested in its internal systems which form a development project to provide customers with the “best possible experience”.
