New commercial director for Haydock Finance

rry Hounsome has been appointed as the new commercial director of Blackburn-based Haydock Finance.

His role will be to support Haydock’s overall growth strategy in managing and delivering change, focusing on the diversification, procedural and cultural development of the business.

In that role he will report to Jon Wilkinson who is executive chairman of Haydock Finance, a specialist company that works particularly in the SME sector.

Terry joins from Primary Asset Finance in Southampton where he was focused on structuring asset finance solutions for businesses in turnaround, seeking MBIs, MBOs or those which required a bespoke facility to meet their specific funding needs.

He also has broad experience in general asset finance and Jon Wilkinson said: “Terry brings with him a wealth of expertise and industry knowledge and will help steer the business during this exciting period of growth and development.

“He’s a great fit for our business and I’m particularly excited about the future.”

It was announced in December that Apollo Global Management was acquiring a major shareholding in the company.

Terry said of his new role: “Haydock already occupied an established position within the Asset Finance market, with a reputation based upon prompt service and supporting the SME market with facilities for sound credits seeking traditional asset finance facilities.

"The investment in the business from Apollo brings with it the opportunity for unparalleled growth, investment in systems, staff, products and the entry into new markets.

"Having gained experience within businesses which have transitioned through acquisitions and enjoyed similar journeys as that now being embarked upon by Haydock, I found the opportunity to get on-board and work with the team to shape the businesses future, was simply too exciting to resist.”

Terry, who is 41 years of age, is from Hampshire and is married with two children. His many interests outside work span motorsport to cookery.

Haydock Finance is a specialist finance company. Established in 1980, Haydock Finance has an Asset Finance portfolio in excess of £125m. Operating from its offices in Blackburn for more than 35 years, it provides finance facilities to Small and Medium-sized Enterprises (SMEs) and corporate businesses nationwide.