We had over 80 people in attendance and a special thanks goes to our speakers;
- Richard Mayall from Lloyds' Mid Market Business lending team,
- Chirag Shah from Nucleus Commercial Finance,
- Ali Akram (Solicitor/Barrister) at law from Lexlaw and Robert Jones (Barrister).
and of course Keith Steven from KSA Group
The event focused on "turnaround in the recovering economy" It was generally agreed that the recovery is taking a different form to before as banks are still risk averse as the financial crisis is still fresh in people's memories. The big change is of course the rise of the alternative lenders/crowd funders and Asset-based lenders who are filling in the gaps. It was highlighted that some companies are using alternative lenders (ALs) to plug gaps in their cashflow but the ALs are not doing enough due diligence. Directors are also giving more personal guarantees.
Drinks and canapes were enjoyed by all until well after 9pm with lots of networking and new introductions. Funnily enough, some more carried on in the pub until much later....
Thanks to everyone who attended and to Jonathan Reeves of Set up and Go who chaired and put together the evening.
See the video below of the event