michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Dec 31, 2016 18:29:09 GMT
2-3 week old news already but I only just came across this on their website. I guess it doesn't mean too much as far as we're concerned? On the "about-us" page.
UPDATE: 12/12/16 After some months in preparation, Noman has decided to launch a new venture, separate to FundingSecure, the details of which will be announced at a later date. Noman remains a shareholder with an active interest in FundingSecure but, as he will be focussing all of his energy on the new venture, he will be stepping back from the day-to-day business for the immediate future.
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mikes1531
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Post by mikes1531 on Jan 2, 2017 22:52:14 GMT
I guess it doesn't mean too much as far as we're concerned? : ISTM that it all depends on whether losing Noman's input means FS's thin team becomes overworked/overstretched as a result, and has more difficulty keeping on top of things -- especially chasing overdue loans/borrowers. Perhaps fundingsecure would care to comment here.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2017 11:20:45 GMT
Certainly seems thatco founder has the experience to continue the work Norman and he have done going forwards. I hope he has quality team round him.
I would question succession planning though and key personnel cover? Needs something put in place pdq imho.
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mikes1531
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Post by mikes1531 on Jan 3, 2017 21:34:24 GMT
Certainly seems thatco founder has the experience to continue the work Norman and he have done going forwards. I hope he has quality team round him. I don't have any doubts about the quality of the management, but the team is quite small -- the About Us on the website says they are a team of nine, and the photo there shows nine people, including Noman -- so the issue is whether they have a strong enough team to keep on top of things, particularly chasing overdue loans/borrowers. We all have to hope they do or, if they don't, that they recognise their shortcomings and can take steps to recruit whatever extra help they need.
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