Phil Smith and James Williams have joined Newport-based brokerage Simply Factoring Brokers as business development managers.
Smith, 42, has strong experience in sales after working in the construction, security and telecom sectors where he worked for start-up businesses and large corporates such as BT, Virgin and Tesco.
Williams, 30, joins the firm after working in sales in the property and energy sector.
Steven Adams, director at Simply Factoring Brokers, said: “Both these appointments are vital to our 2016 growth plans. Phil and James bring key sales experience to the business, along with well-rounded knowledge of sectors outside the finance industry.
“This massively helps our clients when we’re discussing commercial finance and factoring facilities as our team can related to the varied needs of businesses across multiple industries.
“Our expansion is an ongoing process, and we had planned another addition to our sales team for quarter two in 2016, but the demand for business from new and existing clients forced our hand and we recruited two. This again affirms that our service and business model is viable and is thriving in today’s market.”
Simply Factoring Brokers, which opened its headquarters mid-2015 in Gold Tops, Newport, has seen a 130% increase in turnover between June 2014 and June 2015, and the firm is on track to more than triple its revenue with projected growth at 230% by mid-2016.