Learn more about the history of 4Syte and how we’ve grown since our initial launch into the group of companies that we are today.
4Syte Ltd was established by Magnus Gundersen and Nick Sellars in April 2016. Paul Barker joined as Commercial Director and Natasha Souness as Head of Operations. Our senior team had a long affinity with Essex from past enterprises, and Chelmsford was a natural place to build 4Syte’s operation and open our first office!
4Syte Funding Ltd was the first line of business to open. The beginning of our adventure centred around invoice finance and full-service factoring, as well as capital raising to compliment the venture. At the outset, we knew we wanted to provide a great financial service to SMEs; to solve their working capital and customer service needs, and to develop products around this starting with factoring, which we knew very well.
About a year later we decided it was time to expand our product range. We acquired a majority stake in Cirrus 4Syte, expanding into funding against applications for payment and staged invoices under contracts and framework agreements focusing on SMEs in the construction sector, as well as other contract businesses.
Nick Sellars | Group Managing Director
As our team grew, we also had to expand our office space. In August 2017 we moved offices in Chelmsford and are still to be found in Steeple House on Church Lane!
With our continuous growth, we further expanded with an additional office on Regent Street in London.
In August 2018, 4Syte Trade was established to extend existing services further across the trade finance arena. We further expanded our services to offer funding for the whole trade cycle to UK businesses.
Nick Sellars | Group Managing Director
In September 2018 we opened our Leeds office to expand our reach and be more accessible in the North. This is the home of our Construction business which operated out of our old office on 17 Park Place at the time.
In December 2018 we increased our stake in Cirrus 4Syte. We decided to rename and rebrand to 4Syte Construction. Under the new brand, we continued to offer funding against applications for payment and staged invoices under contracts and framework agreements focusing on SMEs in the construction sector, as well as other contract businesses.
In early 2019 we established 4Syte Structured Finance (now 4Syte Secured Finance) to offer structured business loans to SMEs which are secured against commercial & residential real estate. Paul Fenton joined us as Managing Director of 4Syte Structured Finance which operates out of our London office.
Paul Fenton | Managing Director of Secured Finance
4Syte Group entered into an agreement with Barclays for the transfer of assets from the Bank’s factoring portfolio. The deal was a significant step in the growth of the 4Syte factoring business which continued to thrive despite the pandemic.
4Syte Structured Finance Ltd was named ‘Secured and Bridging Loan Lender of the Year 2021’ by the SME Funding Awards.Â
As 4Syte continues to grow, we had to expand our office space in Yorkshire. In July 2021 we moved offices to Hub 26.
With the continuous growth, we also had to expand our office space in London. In October 2021 we moved to Furnival Street and are now just around the corner from Chancery Lane tube station.
4Syte Group was named ‘Best UK SME Finance Provider 2021’ by the Greater London Enterprise Awards.
4Syte Group was named ‘Most Client-Focused SME Finance Provider 2022’ by the UK Enterprise Awards.
In October 2022, we established 4Syte ABL to offer asset-based lending facilities to SMEs secured against the value of the multiple assets within a business.
4Syte Group was named ‘SME Financing Company of the Year 2022’ in the Greater London Enterprise Awards.
4Syte Group was named ‘Best Nationwide SME Financing Company 2023’ in the Greater London Enterprise Awards.
4Syte Group hit the superb milestone by topping £100 million in funds advanced to our SME clients!
4Syte Structured Finance Ltd announced name change to 4Syte Secured Finance Ltd. The reason for the name change was that the new name is much more reflective of the products the company offers.
4Syte Group was named ‘Commercial Finance Solutions Provider of the Year’ in the Corporate LiveWire Global Awards 2023/24!
4Syte Group was named ‘Nationwide SME Financial Solutions Company of the Year 2024’ in the Greater London Enterprise Awards!
Head Office
Second Floor, Steeple House, Church Lane, Chelmsford CM1 1NH
01245 377032
info@4syte.co.uk
27 Furnival Street, London EC4A 1JQ
01245 377032
info@4syte.co.uk
First Floor, Premier House, Bradford Road, Cleckheaton BD19 3TT
0113 403 3302
info@4syte.co.uk
