Bibby Financial Services is expanding its leasing division with the appointment a new team of five, all of whom join the business from competitor Haydock Finance.

Tim Brogden, Donald Cameron, Clare Cartledge, Stuart Cutler and Kevan Langley will form a new leasing team, based in the North West but with a national remit. The team will be headed up by Langley who has over 30 years’ industry experience.

Carol Roberts, managing director, said: “This announcement represents a fantastic opportunity for Bibby Financial Services to grow our leasing business significantly, to reflect what we see as a real opportunity for growth in the market this year.

“It is a great fit for our own growth strategy and allows us to develop a greater presence in the leasing market.

“The new team adds to our current offering and brings a wealth of experience in the refinance market with more than 120 years’ experience between them.

“While the business will be based in the North West, it will have a nationwide presence and be fully operational by the start of April 2014.”

David Postings, Bibby Financial Services UK CEO, adds: “The new team will give Bibby Leasing the opportunity to quickly and organically grow our UK business.

“Being able to increase our proposition and expertise more broadly very much supports our overall aim of helping more businesses overcome financial barriers to growth and stability.”