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Changing the face of business lending

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Welcome to
B-North

B-North is here to disrupt the £150bn UK business lending market.

It shouldn't take months to complete a loan facility with your lender.

We are partnering with global fintech leaders to deliver great personal service, transforming the lending experience, both for UK businesses and for commercial finance intermediaries.

To do this takes great people, so we have assembled a team with market leading experience to create a new force in business lending.

Value Proposition

Here at B-North we’re applying for regulatory permission and, if successful, will build a bank which has a singular purpose - to provide finance to UK businesses in a timely, professional & frictionless way.

We are building a business with 3 core USPs...

1. We will lend up to 10x faster than large incumbents by combining leading cloud-native technology with regional distribution;

2. Our unique decentralised model will place core banking functions closer to the customer, in a regional context, including relationship, credit and valuation professionals; and

3. Distribution will be augmented by the large and fast-growing commercial finance broker channel for which we have developed a unique economic proposition.

Contact Us

Meet the team

Ron Emerson, Chairman Ron Emerson Chairman Ron Emerson, Chairman

Ron Emerson

Chairman

Ron was the founding Chairman of the British Business Bank (BBB), the UK government's economic development bank aimed at improving access to finance for the small and mid-sized business sector.

During his three years at the helm of BBB, the bank mobilised around £7 billion of new money  for this sector, funded more than 40,000 new start-ups and worked with more than 80 new partners to provide finance from debt to equity, and delivered the Northern Powerhouse and Midlands Engine funds totalling in excess of £600 million. He was awarded a CBE in 2017 for services to International Banking and the financing of small and mid-sized businesses.

A long career in banking has included a period as a Senior Banking Advisor at The Bank of England, including the UK regulator, which was combined with a number of diverse NED roles, and 20 years as a member of the Faculty of Management Studies at Oxford University.

Jonathan Thompson, Founder and CEO Jonathan Thompson Founder & CEO Jonathan Thompson, Founder and CEO

Jonathan Thompson

Founder & CEO

Jonathan is a professionally qualified banker with 26 years’ experience, gained in established and challenger UK banks, having additionally worked in corporate finance and capital advisory as a Director for Deloitte. The majority of his career has been spent in business, commercial and corporate banking and prior to founding B-North, he was with one of the UK’s leading scale challenger banks, Santander, where he was a Divisional Managing Director in its business and commercial bank. 

view our linkedin profile - https://www.linkedin.com/in/jtinthenorth/
Dave Broadbent, Founder and CFO Dave Broadbent Founder & CFO Dave Broadbent, Founder and CFO

Dave Broadbent

Founder & CFO

David is a prize-winning Chartered Accountant who has nearly 20 years of financial services experience in international regulated markets, having served as CFO and CCO of IPF, a FTSE 250 provider of consumer finance. He was a member of the executive management team that developed the business from start-up to IPO. He was also instrumental in the establishment of IPF’s Digital Lending Division. He has an MBA and graduated from Harvard Business School’s Advanced Management Programme.

view our linkedin profile - https://www.linkedin.com/in/david-broadbent-114b2041/
Craig Iley, Non-Exec Director Craig Iley Non-Exec Director Craig Iley, Non-Exec Director

Craig Iley

Non-Exec Director

Craig is a professionally qualified career banker with 36 years' experience gained in front and back office roles including credit and risk; both in the UK and Spain.  With his strong emphasis on commercial banking, he was also a founder and MD for Business Banking of a UK challenger bank established in 2014.

view our linkedin profile - https://www.linkedin.com/in/cragiley/
Nancy Butler, Commercial Director Nancy Butler Founder & Commercial Director Nancy Butler, Commercial Dir

Nancy Butler

Founder & Commercial Director

Nancy has over 36 years' experience in business/commercial banking with a strong focus on business development and is well respected by intermediaries. She has vast knowledge of the intermediary market and lead generation and was RBS's top performing regional BDM for 7 consecutive years and best in the UK for 3 years. At A&L and Santander Commercial, she was the top performing Relationship Director in the UK.

Recently, she spent time building a new brand in the marketplace for Atom Bank.

view our linkedin profile - https://www.linkedin.com/in/nancy-butler-57b7a215/
Jon Hogan, Non-Exec Director Jon Hogan Non-Exec Director Jon Hogan, Non-Exec Director

Jon Hogan

Non-Exec Director

Jon, one of the B-North founders, is a chartered accountant with over 20 years' of executive and non-executive experience in international financial services, who has had significant NED exposure to UK banking start-ups in the last 8 years.  He was a member of the main board and risk and audit committees and chaired the Remuneration Committee at Atom Bank, one of the UK’s first successful “fintechs”, for its first 4 years, through build, licencing and launch.  Prior to this, he was a NED and audit/risk member at ING Australia, a large wealth management conglomerate, in Sydney for 4 years.  Previous executive roles include CFO of ANZ Australia, one of Australia’s “big 4”, and he was also CFO, COO and Deputy CEO at first direct bank, part of the HSBC UK business.

Jon is also currently on the board of Zopa Bank, a London based fintech start-up bank.

view our linkedin profile - https://www.linkedin.com/in/jon-hogan-14358920/
Robin Churchouse, Independent Non-Exec Director Robin Churchouse Independent Non-Exec Director Robin Churchouse, Independent Non-Exec Director

Robin Churchouse

Independent Non-Exec Director

Robin is an independent non-executive director and Chair of B-North’s Board Risk Committee.  He has over 30 years’ financial services experience in leading finance, risk, operational and strategic planning teams in a wide range of regulated financial services organisations. After studying law at Cambridge, he qualified as a chartered accountant with Price Waterhouse, spent some time as a financial services regulator and then as a strategy consultant with KPMG. Following that he worked as finance and commercial director for a number of mortgage servicing companies before holding a variety of senior executive roles from 2004 to 2017 at the Yorkshire Building Society Group as CFO principally but also covering operational and risk roles.

Robin is also a non-executive director at Belmont Green Finance who specialise in non-standard residential mortgage lending, where he chairs the Board Audit Committee.

view our linkedin profile - https://www.linkedin.com/in/robin-churchouse-8b158a23/
Richard Baker, Founder and Products Director Richard Baker Founder & Products Director Richard Baker, Founder and Products Director

Richard Baker

Founder & Products Director

Richard is a start-up bank specialist with 30 years in technology and operational leadership, including at First Direct and HSBC’s UK Direct Banking division.

He has deep knowledge of the regulatory approval process, was the programme director behind the launch of Metro Bank and has advised several start-up banking businesses. More recently, he was part of the team that built and launched technology-led challenger bank, Atom Bank. He has an MBA, an MSc in AI and an Honours degree in computing.

view our linkedin profile - https://www.linkedin.com/in/richard-baker-7048501/
Ewan Hutton, CTO Ewan Hutton CTO Ewan Hutton, CTO

Ewan Hutton

CTO

Ewan has been at the ‘sharp’ end of retail Financial Services for 3 decades - he coded the solutions that launched First Direct in 1989, then their CRM, digital channels, and product innovation supporting a leading brand and the world’s most recommended bank. Internationally he led the global business design and development at HSBC Group in 7 countries.

In the last 6 years he led the software development for a major SaaS solutions provider and acted as an interim CTO for a number of clients.

Andrea Dalton, Programme Director Andrea Dalton Programme Director Andrea Dalton, Programme Director

Andrea Dalton

Programme Director

Andrea has over 30 years' banking experience, holding senior manager roles within Distribution, Operations and Transformation, across Commercial & Retail Banking, and Wealth Management. Andrea also has an excellent grounding in challenger banks having led the Williams and Glyn Commercial Banking Transformation team through the implementation of their new operating models.

Prior to joining B-North she also worked as a Consultant on the mobilisation of a new SME challenger, CivilisedBank.  

view our linkedin profile - https://www.linkedin.com/in/andrea-dalton-02502422/
Keith Ollier, CRO Keith Ollier CRO Keith Ollier, CRO

Keith Ollier

CRO

Keith is a qualified banker with vast experience across Retail & Business banking in his 40 year career at HSBC and CYBG. During this time, amongst other things, he was responsible for setting up new roles and products, including a new SME digital lending platform.

As Head of Business Credit at CYBG he integrated 4 teams and expanded into 2 new areas (Participations and S&FI), also streamlining Credit Policies & Processes coupled with greater empowerment of the underwriting and front line teams.

view our linkedin profile - https://www.linkedin.com/in/keith-ollier-45816514/
Goi Ashmore, Treasurer Goi Ashmore Treasurer Goi Ashmore, Treasurer (2)

Goi Ashmore

Treasurer

Goi is the Treasurer for B-North and looks after all the capital, funding, hedging and cash management requirements. Before joining B-North he was the Europe and Middle East Treasurer for Barclays and held a number of senior Capital, Treasury and Risk roles prior to that, in the UK and abroad.

Outside work he is the Chair of Audit and Risk Committee for Shelter, on the Board of Newydd Housing Association and a keen rock climber.

view our linkedin profile - https://www.linkedin.com/in/goi-ashmore/
Martin Ellis, Head of Financial Planning/Analysis Martin Ellis Head of Financial Planning & Analysis Martin Ellis, Head of Financial Planning/Analysis

Martin Ellis

Head of Financial Planning & Analysis

Martin is a qualified Chartered Accountant with 15+ years' financial services experience and has gained a wide breadth of knowledge in finance related areas, specialising most recently in financial planning, stress testing, capital and liquidity management.

He has also got a strong modelling background and has been responsible for pricing models and behavioural models in past roles. Demystifying financial and regulatory information to enable effective decision-making is one of his key strengths.

view our linkedin profile - https://www.linkedin.com
Mike Smedley, Head of Architecture Mike Smedley Head of Architecture Mike Smedley, Head of Architecture

Mike Smedley

Head of Architecture

Mike has over 15 years’ experience in a range of financial services sectors including retail & commercial banking, financial planning, life assurance and pensions, for First Direct, HSBC and Yorkshire Building Society, devising the technology strategies and roadmaps they required whilst fitting a diverse range of operating models.

Most recently, he was at marketing services company Communisis, where he created an architecture function that spearheaded their digital transformation programme.

view our linkedin profile - https://www.linkedin.com
Tim Larmer, Programme Manager Tim Larmer Programme Manager Tim Larmer, Programme Manager

Tim Larmer

Programme Manager

Tim has over 20 years' change experience, having held a number of programme/project manager roles across both banking & telecoms sectors. He has worked on a number of initiatives within the Commercial banking sector, successfully supporting the likes of RBS, Santander and HSBC to shape and implement their future operating models.

Tim also has extensive knowledge of delivering large Separation and Integration transformation programmes.

view our linkedin profile - https://www.linkedin.com
Jayne Foukes, Relationship Manager Jayne Foulkes Relationship Manager Jayne Foukes, Relationship Manager

Jayne Foulkes

Relationship Manager

Jayne joined the Team from Santander Corporate Bank where she worked for 11 years as a Relationship Manager. Her primary role is to work alongside the Commercial Director and Business Analysts to implement the ‘End to End’ lending journey for B-North customers, aiming to ensure the process is slick from their first contact onwards.

The systems & processes are being designed so this ‘journey’ can be as short as 2 weeks from start to finish and the cash is made available.

view our linkedin profile - https://www.linkedin.com
Greg Potter, Business Support Manager Greg Potter Business Support Manager Greg Potter, Business Support Manager

Greg Potter

Business Support Manager

Greg has over 20 years’ experience in financial services working for First Direct, Leeds and Newcastle Building Societies and consulting for Ford Credit. His roles have encompassed both IT and Marketing/CRM. He has overseen the introduction of CRM capabilities and digital transformation projects at several organisations and developed several innovative financial services distribution strategies.

He also has experience of the not-for-profit sector, including as CEO of a national arts charity.

view our linkedin profile - https://www.linkedin.com
Allan Ellis, Business Analyst Allan Ellis Business Analyst Allan Ellis, Business Analyst

Allan Ellis

Business Analyst

Allan joined B-North after 14 years in a top five High Street Bank in a range of roles across Retail, Business and Commercial Banking. A Business Analyst for the last 3 years, performing a significant role in end to end Project delivery across a number of high-profile projects, Allan is the Product Owner for our Loan Origination system as well as having a key role in building business requirements for Core Banking and Financial Crime/AML Data providers.

view our linkedin profile - https://www.linkedin.com
Hywel Benjamin, HR Manager Hywel Benjamin HR Manager Hywel Benjamin, HR

Hywel Benjamin

HR Manager

Hywel is responsible for the development and delivery of our people strategy, to ensure that we have the talent and culture in place for our launch early 2020.

Hywel brings to B-North over 12 years' experience of working within HR, most recently at Aldermore Bank. Prior to this, Hywel was the HR Manager at Baines & Ernst, a leading Debt Management firm, and supported them on their successful goal of achieving regulatory authorisation.

view our linkedin profile - https://www.linkedin.com
Asha Kandra, Salesforce Development Manager Asha Kandra Salesforce Development Manager Asha Kandra, Salesforce Development Manager

Asha Kandra

Salesforce Development Manager

With over 9 years’ experience in a range of roles across FS, Telecoms & Travel, Asha has joined us to support the design and delivery of the nCino platform. Her experience includes development and complex Org design using the Salesforce platform, specifically Service and Sales Clouds, and Force.com.

She also has a strong Development and Quality Assurance background and has delivered quality solutions using Agile to plan, implement and support business application components.

view our linkedin profile - https://www.linkedin.com
Greig Moran, Head of Operational RIsk Greig Moran Head of Operational RIsk Greig Moran, Head of Operational RIsk

Greig Moran

Head of Operational RIsk

Greig is the Head of Operational Risk for B-North and brings with him over 20 years enterprise risk management experience from the Financial Services sector (including RBS, Skipton Building Society and the Co-operative Bank) gained from across all 3 lines of defence. He specialises in Operational Risk and Risk Governance and creating robust business enabling risk frameworks which align to customer, business and regulatory needs and requirements.

Investment

At B-North, we’re looking for investors to support us on our journey to change the face of SME lending. While there is always a risk, B-North’s development is supported by experienced, ambitious and well-rounded management team.

Investment will drive the business towards launch and future growth with forecast returns of 12.3x Money-on-Money on the Base case forecast, with potential for 20.63x on the extended 8 Pod model. Note these returns are not guaranteed and are indicative only.

B-North have an ambitious management team with a deep understanding of how a successful, business focused bank can help to drive wider economic growth and job creation to help make a positive impact and create long term shareholder and stakeholder value.

We are currently working with GrowthFunders on a fundraise. To find out more, visit growthfunders.com 

Investment image

Brokers

Brokers are playing an increasingly important role in helping SMEs access the financial support they need.

We have been working closely with brokers to develop our proposition – our aim is to partner with high quality brokers over the long term and our proposition very much reflects this ambition.

If you would like to hear more, or even have a hand in the creation of a new way of SME lending, please submit the contact form below and we will be touch.

Contact us

Register your interest

Whether you’re an investor looking for new opportunities, a broker looking to join us on our journey to develop our service or just want to know more about B-North, complete the form below and we’ll be in touch.

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Potential Investors Before making an investment decision, prospective investors are advised to consult an investment adviser authorised under the FSMA 2000 who specialises in investments of this kind to assess the suitability of the prospective investment.  Your capital is at risk.