‘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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Jun 20, 2023
3 min read

Updated: Oct 27, 2023

With today’s increasingly connected culture, technology is playing a bigger role in our lives than ever before and has completely revolutionised the world of industry. Here, Stuart Dantzic, Managing Director of Caribbean Blinds UK shares his thoughts.

Many businesses face the challenge of increasing productivity while simultaneously reducing costs. For manufacturers, this challenge is even more pressing, as manufacturing processes must become faster and more efficient to meet production requirements.

Not only that, keeping track of everything going on in a modern manufacturing facility is incredibly difficult, and using Excel sheets and paper-based systems is highly inefficient and will undoubtedly lead to a multitude of issues down the line.

Fortunately, with modern technology, there are a variety of solutions, such as Enterprise Resource Planning [ERP] software, which is available to help manufacturers balance lots of moving parts in the manufacturing process, without impacting the business or sacrificing resources elsewhere.

As such, more manufacturers should be taking advantage of these systems and the benefits they offer to help businesses streamline their processes, keep pace with advanced technologies and get ahead of competitors.

Efficiency

Manual manufacturing processes can be tedious, time-consuming and prone to human error, not to mention they can create inconsistencies in a business’ customer experience.

Dedicated manufacturing software can improve a company’s efficiency by automating its processes, furnishing integrated applications that share data to give employees instant access to the information they need, and providing business intelligence and analytics to improve decisions and planning.

Automatic alerts can be set up to inform managers of any exceptions so issues can be addressed proactively, and businesses can automate processes across different departments, from accounting and finance to sales and customer service.

Automating processes is even more useful for companies operating in multiple locations or divisions, with global offices, or working with an extended supply chain. A modern solution can allow these businesses to streamline their operations and processes across multiple locations, making it easier for multi-site companies to consolidate and share information.

Improved Product Quality

Quality is critical to the growth and success of every manufacturing business. Without a high-quality product to consistently attract and maintain a solid customer base, a company will lack a competitive advantage and likely fall behind others at the forefront of its sector.

Manufacturing high-quality products consistently is impossible without accurate data and, typically, companies that are struggling to improve the quality of their products don’t have the data they need to troubleshoot complex production problems.

By using technology to capture and coordinate information accurately, even as new data is being added, businesses can ensure they continually meet quality and regulatory standards, whilst recognising what they need to improve in the production process.

When manufacturers have real-time data, it adds a sense of urgency to improving product quality by providing them with insights into how they can offer their customers the highest quality product. By accessing real-time data and feedback on the manufacturing process, firms can identify and address quality issues before they become significant problems.

Reduced Costs

Manufacturing software and its ability to help increase overall productivity can result in significant cost savings for companies. The need for overtime and related labour and payroll expenses is minimised, and enhanced precision in production floor processes also helps to reduce scrap and re-work that can drain a business’ financial resources.

In addition, improved tracking of components and the turnover of finished goods, combined with more accurate demand planning, can eliminate costly excess inventory, whilst improved visibility into all financial aspects of production can help identify potential areas for savings and reduce cost of goods sold.

Less Environmental Impact

With manufacturers under growing pressure to decrease their environmental impact, manufacturing sustainably has become a widespread issue.

In helping businesses optimise their supply chains, manufacturing software can reduce the need for transposition and logistics, lowering a company’s carbon footprint as a result. The real-time data and analytics provided by the software can also allow firms to make sustainable, waste-reducing decisions, reducing their environmental imprint and helping create a more sustainable and eco-friendly manufacturing industry.

In concluding, with manufacturing gearing up for ‘Industry 4.0’ – the next phase in the digitisation of the sector - the pace of manufacturing has outgrown traditional techniques and procedures. By making the most of the powerful tools available and their wide range of features, manufacturers can stay competitive in today’s fast-paced market and position themselves well to achieve increased profitability and growth.