Andrew Bloom takes majority controlling stake in Spring Finance

By Bridging Loan Directory 21st October 2021

Spring Finance have announced the acquisition of a controlling stake in the group by Andrew Bloom.

Andrew will also be joining Spring’s board of directors, subject to regulatory approval.

Prior to this role Andrew was the founder, and until April 2020, CEO of Masthaven Bank.

Andrew founded Masthaven in 2004 and built it into a leading, multi award winning specialist bank.

Andrew has also made a significant equity investment into Spring, which will enable the company to achieve its strategic ambition of becoming one of the leading non-bank lenders in the UK residential specialist lending market.

Martin Chesler, co-founder and director of Spring Finance says of the transaction:

“Andrew’s distinguished career and track record in the specialist lending industry clearly needs little introduction.

His wealth of experience, leadership and vision will be invaluable as we embark on Spring’s next phase of planned growth”

Andrew Bloom added;

“I’m delighted to be joining Spring and taking a leadership role.

Spring has solid foundations which combined with this significant investment will allow the company to fulfil its potential.

I have total confidence that in the coming years Spring will become a significant player in the specialist lending market.

I would like to thank George Benninger and the existing management team who have done an excellent job. It is now time for Spring to move to the next chapter in its story.”