East Durham business finance brokerage appoints two new directors

Mar 13, 2024 | Business

A North East finance brokerage has appointed two new directors to the business.

Castle Eden-based Dealer Net Finance has promoted Sam Musgrave and Kavan Young to the role of Directors within the business.

The strategic internal promotions come at a time of growth for the company, helping to create a strong senior leadership team as the business moves forward with expansion plans.

Sam Musgrave joined the business two years ago, bringing his experience from previous roles in a corporate position at a leading global engine manufacturer, Sam has already had a major influence on the strategic development and helped bring in new income streams for the business.

Sam said: “I am delighted to be made a director within the business. It’s been an exciting two years since I joined the business which has seen us take on new staff and move into a new office.

“We are a family business which puts service to our clients at the forefront of what we do.
People deal with people and my intention will be to further develop Dealer Net Finance and value our clients and funding partners so that we can continue to offer cutting-edge and bespoke products to our clients.”

Kavan Young joined Dealer Net Finance in 2018, originally in a marketing & sales administrator role. Through a couple of internal promotions, Kavan has honed his skills within the finance industry whilst helping shape and grow the business to help get it where it is today.

Kavan said: “I am thrilled to receive this promotion and I am looking forward to taking on my new responsibilities. I have been a part of some major changes within the business since joining and can’t wait to see it continue to grow.

“I am passionate about Dealer Net Finance and the business finance industry. In taking up this new role, my aim is to ensure we provide effective and efficient services and ensure that we stay at the forefront of the asset finance industry.”

Howard Musgrave, Managing Director at Dealer Net Finance commented: “I am delighted to be announcing these two promotions to senior positions, it shows how far the business has come in the last few years.

“Both Sam and Kavan have shown the drive and enthusiasm for both our business and the industry as a whole and I know the business is in good hands moving forward.

“In these new roles, both will be directly involved in the day-to-day management of the company and take a lead on the progression of the business and pushing us into new areas.

“I wish them both every success for the future.”

Set up in 2006 Dealer Net Finance is an agricultural and commercial specialist finance brokerage based in County Durham.

Working with a portfolio of over 20 major UK finance houses the brokerage helps businesses throughout the UK access key funds to help make business purchases through financial products such as hire purchase, lease agreements and loans.