Connaught Asset Management, the funder behind bridging lender Tiuta, says it fully supports the latter’s new management structure.

This follows the news that four members of its sales and marketing team have left the business. They are Guy Garrard, head of business development, head of marketing Stuart Brumhill, and regional sales managers, Jim Baker and Gordon Rae.

Tiuta says it still has around £50 million available to lend over the next couple of months.

Steven Nicholas, CEO of Tiuta, said: “The recent improvements we made have led to unprecedented levels of funding being available to us to invest in high-quality bridging loans over the next couple of months and