Peter Cottle is to leave the role of business development director at Startline Motor Finance later this month to focus on consultancy work.
Startline said Cottle had been with the business for five years, almost since its inception, during a period of rapid expansion.
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Startline chief executive officer Paul Burgess said: “Peter has reached a stage in his career where he would like to work on a more flexible, consultancy basis and we are at a point where the needs of the business development function within Startline are changing.
“The journey we have been on together over the last few years has been hard work but very rewarding and we thank Peter for his contribution. He has huge experience in our sector and we are sure that he will continue to make further notable contributions in the next few years. We wish him every success.
“We are now putting plans in place to restructure the business development team here at Startline and should be in a position to make new announcements very soon.”
Cottle added: “I’ve enormously enjoyed working at Startline. The business has identified a very strong niche in the sector and the dealer community has responded positively to the company’s offering.”
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By GlobalDataStartline Motor Finance said earlier this month that it would end 2018 with business volumes up by around 20% on the previous year.
During the 12-month period, it will also have seen turnover increase by around 25%, said Burgess.
Startline also revealed that half of the business it writes with the Trust Ford dealer group for its TrustFord Now proposition uses Startline’s “flexible” PCP product, six months after its launch.
Startline’s flexible PCP is offered by Trust Ford dealerships and designed as an alternative source of funding when applicants are declined by more traditional prime lenders. However, Startline said it did not resemble a sub-prime product as it has competitive APRs and general terms.
