Success Stories

Business Partner

Darren joined the Brokerplan Network and launched ‘Peacock Finance’ in 2014 after a long career in the food industry. Darren talks about how he generated over £100k in one single commercial deal.

Why become a Brokerplan Partner?

Looking for a change in direction, Darren decided to move into Commercial Finance and decided joining Brokerplan would enable him to set up a business with the full support of a Commercial Finance Network. He has never looked back.

Using his professional connections and relationships with Accountants, Solicitors and Business Leaders in Humberside, Darren gained a strong reputation as the ‘go-to’ Commercial Financial Broker in the Humberside business community.

What does Darren have to say about Brokerplan?

“I can’t speak highly enough of the Brokerplan team as my back-office Business Support Partners. After delivering a comprehensive and detailed initial business training they provide me a first class and highly responsive service in understanding my clients’ needs and underwriting the business with the most appropriate lender from the huge network of Banks, Lenders and Private Funders that they work with.”

How does Darren build his client list?

A keen networker, Darren regularly attends Chamber of Commerce events, along with a range of other networking groups and Property Investor meetings. He is growing his database of clients and prospects, who are kept up to date with a regular e-newsletter called ‘Peacock Finance News’.

He also offers free Commercial consultation to clients, and a no obligation ‘business finance health check’. With this marketing activity, Darren has generated significant awareness of his business and has created a regular flow of new business leads.

Over £100k fees on a single deal

Following a discussion at a local networking event, Darren supported a local entrepreneur and hotelier to raise almost £3million of funds to build a new 110 room hotel at Humberside Regional Airport. The client already operates one hotel and has other unrelated business interests, however when we pursued support from his High Street bank they were less than supportive and failed to make a commitment after 2 months of negotiations.

However, Peacock Finance and Brokerplan were able to identify a private funding group with a strong appetite for the leisure sector, who quickly provided ‘in principle’ terms to lend the development capital to get the hotel built.

With on-site meetings arranged within the week, and a formal loan offer made quickly after this, the client was able to organise Contractors to make a start on site within the month.

In addition to the development finance, the client authorised Darren to organise the re-finance of the hotel on a long-term commercial mortgage. The commission generated from this case was over £100k.

Darren says “When this deal crossed my desk I immediately thought it was going to be very difficult to get a solution given the complex background, leasehold site premises and the overall level of funding needed by the clients. To be frank I was massively impressed with the speed and decisive nature of my Brokerplan team in identifying exactly the right lender for the project and getting them engaged and out to site for a meeting. So was my client who immediately struck up a positive relationship with the Lender and we were able to get the deal crafted and executed with the minimum of delay – a 10 out of 10 performance in every respect.”

Come and meet us

To discuss any questions or to arrange a Discovery Session please contact the Business Development Team on 0333 405 6666 or email the Business Development Director John Kent by Clicking here.