|
Post by SophieThing on Feb 22, 2018 8:36:58 GMT
Morning everyone,
I have posted the following update on our platform:
We have recently had a few changes in our management team that we’d like to make you aware of.
Sophie Pearce is now Managing Director. Sophie has been in the business since late 2015 and has been closely involved in the running of MT. Sophie will be focused on raising finance to support growth and developing the strategic direction of the business.
Ed Pearce has taken on the newly created role of Operations Director. Ed remains fully committed to the business and in this new role he will have more time to dedicate to rolling out key operational projects and to focus on some new ideas that he is keen to develop for the platform.
Sophie commented “The reality is that Ed and I have worked together for over 15 years and this new structure plays to our respective strengths. MoneyThing is a family business and we’re a close-knit team. Looking forward to the next stage of our journey, Ed and I are both excited by the opportunities in the market and the new structure will help us to capitalise on those opportunities.”
We are sorry to report that Dena Chadderton has resigned will be leaving the business at the end of April for health reasons. Dena has been an instrumental member of the team and we all wish her well in her future endeavours.
David Monro has resumed responsibility as Compliance Officer, a role he held previously. We are currently recruiting for a new Head of Finance.
Kind regards
Sophie
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Feb 22, 2018 9:02:25 GMT
Best wishes to Dena, great job as MT met their regulatory requirements in good order, and for the restructure too as every Thing helps!
|
|
|
Post by Deleted on Feb 23, 2018 9:10:25 GMT
I've thought about the Things structure of and on for the past couple of years, I've even written on this site about the best structure. I think Ops Dir is exactly the right role for Ed and his bunch of skills and I am so glad he has taken that role. I can offer him no advice. Congratulations to Sophie, I offer only one piece of advice from experience, no matter how bright you are, the best "stance" to take as an MD is of being the dumbest person in the room. "Just run that past me again?" is a great phrase to have close to your lips at all time.
|
|
sarahcount
Member of DD Central
Posts: 359
Likes: 815
|
Post by sarahcount on Feb 23, 2018 21:32:58 GMT
No offence to Sophie but from my experience of owner managed businesses that have struck lucky the MD normally has no difficulty whatsoever in convincing everyone else in the room that they are the dumbest one there.
But then again people who surround themselves with a good team and still get to keep all the equity profits are probably not as stupid as they appear.
Anyway, from the little I know about MT this seems a good allocation of roles and I wish them every success.
|
|
seeingred
Member of DD Central
Posts: 470
Likes: 664
|
Post by seeingred on Feb 24, 2018 0:00:29 GMT
The future of MT may well be decided by how they manage to deal with the Plymouth and Boll.....n borrower, amongst other chickens that are heading back to their roosts.
They will more than luck to keep sufficient number of investors on board to enable even the present size of loanbook, let alone expansion. Wish them (and us) many happy recoveries?
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Feb 24, 2018 9:05:06 GMT
The future of MT may well be decided by how they manage to deal with the Plymouth and Boll.....n borrower, amongst other chickens that are heading back to their roosts. They will more than luck to keep sufficient number of investors on board to enable even the present size of loanbook, let alone expansion. Wish them (and us) many happy recoveries? Seems like a strange thing to say. Defaults are inevitable and it’s pretty clear MT are managing the defaults by the book. Unfortunately in this game perfect managenent does not mean you get all your money back. The only thing that matters is the quality of the new loans
|
|
archie
Posts: 1,838
Likes: 1,842
|
Post by archie on Feb 24, 2018 12:42:14 GMT
The only thing that matters is the quality of the new loans Pipeline loan 132 is likely to be popular.
|
|