MSP Capital: A growth story based on building relationships

    Sponsoring the Fast Rising Property Business of the Year award at the 2019 South Coast Property Awards was a natural choice for MSP Capital.

    The business has undergone a sustained and rapid period of growth of its own over the past few years and so knows the commitment it takes to create a successful business. 

    MSP Capital was founded in 1981, but the company’s story really began in 2013 when Martin Higgins took over as managing director from his father and was joined on the board by development director Paul Miracca and commercial director David Capra. The intervening six years, despite an increasingly competitive marketplace, have been marked by substantial year-on-year growth.

    In November 2018 this growth resulted in the private equity company Cabot Square Capital purchasing a majority share in MSP Capital. This new relationship has provided MSP Capital with the cash injection and the additional layer of expertise to drive the business forwards and grow the loan book to the next level over the next three to five years.

    MSP Capital provides asset-based, short-term finance and bespoke lending solutions that help clients grow, acquire a business or property, maximise an opportunity, or to simply restructure. Funding is provided across the UK with a specific focus on the southern counties and London, from the head office in Poole.

    The growing team now stands at 17 staff who have significant expertise in their specialist fields which makes an effective team. Between them they possess notable experience in property development, valuations, banking and accountancy. These skills enable the team to quickly and successfully assess a client’s requirements and the team understands that swift access to funding can provide a significant commercial advantage.

    There are no call centres to deal with or complicated underwriting processes to navigate when looking to borrow with MSP Capital. The lending process is refreshingly simple. Terms are provided within 24 hours of the initial enquiry and overseen by a single point of contact from first enquiry to drawdown, right through to redemption.

    But the success is built on more than simply providing fast and flexible funding. MSP Capital consists of property people first and foremost with an emphasis on providing bespoke solutions that work for its clients.

    MSP provides a relationship driven approach to funding, which has been rewarded with ongoing growth in both client numbers and a loan book. The book has doubled in the past 18 months and is on track to reach £200 million in the next six months. Funding ranges between simple short-term bridging loans through to more complex multi-phase residential development facilities, and the assets which have been lent on are as diverse as farms, retail units and converted churches.

    MSP is a forward-thinking company in all respects of growth. The product offering continues to evolve to meet the requirements of an increasingly sophisticated marketplace. The deal team can provide structures and

    funding levels that are rarely matched on the High Street and its products now include:

    • Short-term residential and commercial bridging loans (from £100,000 to £10 million).
    • Medium-term residential loans for 2-3 years.
    • Low-cost residential development exit bridging loans.
    • A range of development loans for up to 18 months available to assist with residential (or commercial) refurbishment projects, conversions and new-build schemes that is structured to provide funding towards both the acquisition of the site and all of the build costs

    With the bridge lending market expanding and now estimated at £4 billion per annum, MSP Capital’s relationship-based approach to lending means it is perfectly placed to continue the company growth aspirations during the remainder of 2019 and beyond, while helping and supporting clients on their own growth journeys.

    If you would like to find out more about MSP Capital or have a specific lending enquiry contact Lee Merrifield:

    l.merrifield@mspcapital.co.uk

    01202 743400

    or visit the website:

    mspcapital.co.uk

    MSP-656-2
    MSP Capital head office in Dorset