Karl Hodson, a former banker and investment manager with business finance provider Enterprise Ventures, has joined BTG Corporate Solutions, a division of Begbies Traynor, as a director.
Mr Hodson will have a national role and will be predominantly based in the quoted group’s growing Sheffield office as an adviser to clients seeking business funding, an area where there has been a great deal of market change since the 2008 financial crisis.
“We are in a whole new era of commercial funding, with a raft of different lenders, new alternative sources and structures of finance for business. We wanted to bring in expertise to navigate the lending markets and ensure we are providing the best and most innovative and suitable advice and funding solutions to our clients,” said Kirstie Provan, partner at Begbies Traynor.
She added: “Karl has a proven background in commercial finance, from traditional banking through various hands-on roles arranging finance for businesses here in Yorkshire and across the country, and he will be able to offer our clients insight and funding options that other firms often don’t consider. When we are talking to funders, especially in this new economic climate, having our own expert in house will give us even greater insight and ability to determine which propositions will succeed.”
Karl’s previous roles include commercial manager for HSBC, investment director for South Yorkshire Investment Fund, and most recently six years as investment manager for Enterprise Ventures, primarily working on the Finance Yorkshire fund.
Commenting on his new role, Mr Hodson said: “It is a really exciting period of change in commercial finance, and businesses face more challenges than ever to originate the best funding for growth, or just working capital purposes.
“The experience I have from the funding market dovetails perfectly with the firm’s corporate finance, consulting, advisory and restructuring work, and we are looking forward to bringing some very good businesses to exactly the right funders, well prepared and with realistic expectations.”