Tower Grange boosts board with NEDs
The Liverpool-based firm, which provides equity and debt finance to property developers, has appointed Mike Prince and Dan Morton as non-executive directors.
Prince was formerly regional managing partner for law firm DLA Piper and is also currently a director and adviser of Process Decontamination Systems, a Nantwich-based company which provides industrial decontamination solutions.
Morton, also a board advisor to Hemsec Manufacturing, a building products manufacturer based in Whiston, was previously partner at Liverpool-based accountants Lonsdale & Marsh.
The pair have joined the board as the firm looks to take advantage of opportunities that may arise after lockdown, according to a company statement.
The appointments of Prince and Morton, bring the number of directors at Tower Grange Finance up to five.
The other board members are Stephen Sullivan, Steve Peck and former Liverpool footballer Stephen Warnock.
Sullivan, executive director at Tower Grange, said: “Both Michael and Dan are hugely experienced corporate advisors and deal-makers with an outstanding reputation in regional and national business circles.
“They bring a depth of knowledge, insight and practical experience that will be invaluable as we scale up the business in response to new opportunities.”
Prince said the economy’s emergence from lockdown will present a range of investment and lending opportunities as entrepreneurs get back to work.
“Entrepreneurs don’t sit still,” he said. “They don’t stop working or seeking opportunities just because things have got tougher.
“They look for new angles and new sources of funding and I can bring my experience of guiding ambitious businesses to bear as Tower Grange responds to the growth in demand this is generating.”
Dan Morton said the firm is well-placed to support the region’s businesses, given the strength of its board’s corporate network.
“Collectively, the board combines diverse backgrounds, giving it complementary corporate networks that are feeding through to demand for loans and equity from a wide range of sectors. The activity levels we are seeing now augur well for the UK economy.”
Tower Grange Finance’ recent deals include equity funding for industrial energy provider OnSite Energy and technology security provider Spriteguard.