Tom retired back in 2016 leaving Paul at the helm. Since then we’ve won a further 6 best UK broker awards from a variety of publications. (See below, me meeting Matt Dawson MBE – England Rugby Player!). That year we walked away with the Commercial Mortgage Broker of the Year Award. In 2013 we entered our first awards – the Business Moneyfacts Awards. In that way we built a strong reputation amongst business owners. We didn’t work with them because it was easy, we looked for the business sectors getting the toughest breaks. We worked with the businesses getting the worst deal from their banks Businesses like pubs, hotels, post offices, bakeries, fish and chip shops, care homes and mechanics. So – Acorn.finance (or Acorn Commercial Finance in those days) was born. The banks were offering poor deals, taking extra security they didn’t need or just turning good businesses down. We were working with lots of business owners and soon realised that it was business owners getting the short straw here. Then we set up businesses or started investing in property, if that wasn’t “the bank’s” target sector, then too bad. In the ’90s many of us had loyalty to our banks, we were with the banks we’d been brought up with. That would have been fine if all banks operated the same, but they didn’t then and they still don’t. That meant business owners were not getting the “best advice”, just some advice. Back in 1997 father and son team Tom and Paul Thompson realised the UK was missing a link between business owners and the broader finance market.īack then the commercial finance market was dominated by the big banks NatWest, Barclays, HSBC, Bank of Scotland and Royal Bank of Scotland).įor business owners, this wasn’t great as bank managers would only suggest what they, not another bank could offer.
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