‘Built to Last’ As Property Finance Lender Celebrates 45th Anniversary

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More than 100 property professionals gathered to help an expanding finance lender in the sector celebrate its 45th anniversary.

MSP Capital invited clients, suppliers, partners, team members and prospects to an afternoon party at Scaplen’s Court in Poole, Dorset, near to its head office.

The theme was ‘Built to Last’, reflecting the importance of strong foundations and solid long-term strategy for both property development and overall business success. It was the latest in-person industry event hosted by the principal lender since Chief Executive Leigh Bartlett last year set a new loan book target of reaching £750 million by 2030.

Leigh said:

“Bringing together so many valued contacts in such a relaxed and enjoyable setting was a real pleasure. Forty-five years is quite a milestone. Events like these are about celebrating the connections that drive our business forward."

“All the suppliers who came along were local and we thank them for helping to make the day such a success. We look forward to many more events like this in the future as we continue to grow the strong relationships that underpin what we do best.”

MSP Capital’s longest-serving current employee, Commercial Director Adam Tovey, who joined in 2010, said:

“The original purpose of our firm was to help property developers access funds when they faced challenges raising capital elsewhere, from high street banks or other lenders."

“Forty-five years on, our blend of flexibility, agility, property insight and customer focus continues to help us grow. We work closely with developers, housebuilders, brokers and other property professionals and we’re increasingly operating on a national basis.”

Among the guests at the celebration was Duncan McCarthy of developer Nord Homes who has been an MSP Capital customer since 2007 when he was having difficulties sourcing funding elsewhere for a five-home development in Wimborne.

Duncan said:

“MSP Capital are easy to work with, and it is very helpful over the longer term when you see familiar faces who understand what you are trying to do and can help. They offer flexible terms and always find a way of making it work when banks are being more rigid.”

Also there was Nigel Price, Chairman of estate agent Goadsby Residential, who said: “MSP Capital are straightforward to work with, very professional and approachable.”

Guests were entertained by music from jazz band The Gershwin Gang and fun facts shared by compere Paul Kinvig.

Reflecting the ‘Built to Last’ theme, caterer Molecular Magic served canapes and desserts decorated inventively to resemble materials from the property sector such as concrete and wood. And in a further ‘Built to Last’ touch, saddler James Edwards from North Devon firm Acorn Saddlery was on hand to make offcut leather into coasters personalised for each guest with their initials using embossing tools.

Founded in Poole in 1981, MSP Capital has grown to employ a 60-strong team, all ‘property people’ irrespective of their department, with further appointments due this year. Having caught the attention of institutional investors, a controlling interest in the firm was sold to Cabot Square Capital in 2018.

Pollen Street Capital, Shawbrook Bank and the world’s largest bank, JP Morgan, are also funding partners, adding capacity to enable highly competitive lending rates across both development and bridging loan products.

MSP Capital is hosting a further anniversary celebration this month at Lockes Bar in Covent Garden, London, for around 50 brokers based in the Capital.

Photo: Chief Executive Leigh Bartlett addresses the audience at MSP Capital’s 45th anniversary celebration in Poole.

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Feb 1, 2024
2 min read

Birstall Golf Club, one of the oldest golf clubs in the county, has announced that Michael Reed has taken up his position as the new professional at the club.

Reed is a former county amateur champion. He won the Leicestershire and Rutland county centenary year title in 2010 at Hinckley Golf Club, when he played a second round of four-under-par 67 for a two under-140 aggregate.

Two years earlier, he had become the county amateur match play champion by claiming the Philip Wykes Bowl at Market Harborough Golf Club. He is a former assistant to his older brother Richard, the head professional at Glen Gorse Golf Club, who Michael said has been "very supportive" as he takes on these new challenges.

The brothers are both former leading amateur members at Birstall and Michael said he was proud to be given this opportunity to go back to the club as the new head pro.

He was not only a highly successful amateur, but he also did well as a professional when he joined the paid ranks. In his early years as a pro, he clinched the county PGA titles, including the stroke and match play crowns.

He also became the Midland Open champion, winning the prestigious regional title at Birstall in the 2017 season.

Michael succeeds David Clark, who has retired after being the club pro for 34 years.

"I remember meeting David Clark when I first joined Birstall as a young amateur, so it is a tremendous honour to be his successor as club professional,” said Michael Reed. “I am pleased to follow in his footsteps. But I know I shall be very busy for the first few months as there are big plans under way now for changes to the clubhouse, including the pro shop."

"Among the innovations over the coming months there will be a new junior academy when our bigger teaching area is introduced. We would also like to see more ladies at the club, both newcomers and more experienced golfers."

"I am looking forward to being in a position to give lessons whether it is for new members, or for existing members looking to improve their current expertise at the game and develop their full potential to boost their individual playing programmes. This could be if they enjoy medals or knock-out games."

"In a few months time, when I have settled in more, I will hope to appoint an assistant and look forward to competing this summer in more PGA events across the region - stroke play and pro/am tournaments. It will be good to be able to compete in the Leicestershire and Rutland Alliance with Birstall members too, when the fixtures restart later this month."

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‘Built to Last’ As Property Finance Lender Celebrates 45th Anniversary

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