Showcasing the Best of Welsh Business

Newport Finance House Wins Private Equity and Venture Capital-Backed Business Award

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Newport-based Henry Howard Finance (HHF), one of the UK’s largest independent finance houses, has been awarded the title of ‘Wales Large Company Management Team of the Year’ at the BVCA Management Team Awards held in Bath last night (3 May).

The annual awards, now in their 10th year, are organised by the British Private Equity & Venture Capital Association and celebrate the work of businesses backed by private equity and venture capital in the UK.

Commenting on the award win, HHF co-founder and director, Mark Crook, said:

“This award is a huge achievement for the firm and we’re delighted that HHF’s efforts during the past few years have been recognised as we continue our journey from a specialist brokerage firm into a major commercial lender.

“It goes without saying that our investment from Cabot Square Capital has played an integral role in the company’s journey, success and growth.

“Their additional capital helped us achieve a record-breaking year in 2017, during which we provided funding to more than 8,000 businesses, grew our own book balance sheet by more than 40 per cent and pushed our asset-based funding volumes past the £100 million threshold.

“We were also able to invest in innovative technology that makes the finance journey quicker and easier for SMEs.

“One such example is HowApp, an online portal designed to ensure businesses have access to flexible finance options at the click of a button, without having to spend time on the lengthy paperwork process often associated with finance applications.

“After a record-breaking 2017, we’re enjoying a positive few months of the new year as we continue to grow the company with the backing of Cabot Square Capital.”

Henry Howard Finance (HHF) is based in Langstone, Newport. The firm was founded in 1996 by Mark Crook and Howard Ross and is one of largest independent finance houses in the UK today.

Its flexible and responsive finance solutions assist more than 20,000 different UK-based businesses across a variety of sectors.

The group has won awards across England and Wales for innovation, technology and alternative finance products and currently employs 110 people over four locations.