West One Loans co-founder Duncan Kreeger (pictured) has left the firm.
He co-founded the bridging lender back in 2005 and has a background in both property development and the mortgage broking sector.
Danny Waters, chief executive of Enra Group, which owns master broker Enterprise Finance as well as West One, said: “Duncan has made an enormous contribution to West One, not only in its creation, but also in helping successfully integrate the West One business into the Group over the last two years.
“In that time, West One has grown exponentially, with the Group’s loan book now exceeding £350M, and we have strengthened the management through integration with the Group and strategic hires.
“With West One well-placed for the future, Duncan now feels that the time is right to focus on other interests. On behalf of the business, I’d like to thank him for all the work he’s done, and we wish him well as he looks towards new business opportunities in other sectors.”
Kreeger added: “It was always my intention to step away from the business following West One’s successful integration with the group in 2014.
“Now is the right time to complete this transition, and for me to step down and focus on my wider business interests. I would like to thank all the people at West One for their hard work and contribution to the development of the business over the years.”
Enterprise Finance aqcuired the lender back in September 2014 in a deal funded by a combination of cash and equity