Increased Demand for Small and Medium Enterprise (SME) Finance and Loan Guarantees Leads to Expansion of Purbeck

Increased Demand for Small and Medium Enterprise (SME) Finance and Loan Guarantees Leads to Expansion of Purbeck

Purbeck Insurance Services, renowned for its personal guarantee insurance solution, has expanded its team to meet the growing demand for this service. The expansion includes three new team members: Chloe Meadows as an underwriter, Heather Bruck as a claims handler, and Josh Wilson as Business Development Manager.

Andy Johnston, Emily Fox, and Tom Hughes have joined the company, supporting the claims, underwriting, and customer service departments, respectively. Chloe Meadows brings a decade of financial services experience to her role as an underwriter, while Heather Bruck will work alongside Nick Linacre, Claims Manager, to support the claims team. Josh Wilson, with a background in insurance broking and financial advice sectors, will take on the role of Business Development Manager.

The expansion comes in response to an 18% rise in demand for personal guarantee insurance from small business owners and company directors over the past 12 months. This rise in demand is reflective of a broader trend in the UK, where start-ups are experiencing a significant rise in personal guarantee backed loans (16%).

The founders of these start-ups are increasingly facing demands to sign personal guarantees for loans. Purbeck Insurance Services has reported an increase in the number and value of personal guarantee loans for young businesses. This trend is particularly notable given the latest analysis of personal guarantee insurance applications for business loans by Purbeck Insurance Services, which indicates that SMEs are improving their ability to scale rather than just survive.

In Q2 2025, 24% fewer small and medium sized businesses needed personal guarantee backed finance compared to earlier periods. This is a positive sign that the economy is recovering and businesses are becoming more confident in their ability to secure funding without the need for personal guarantees.

Todd Davison, MD of Purbeck Insurance Services, stated that the hard work of the team and the support of Markel, their capacity provider, enabled them to meet the rising demand for personal guarantee insurance. Purbeck Insurance Services aims to help drive growth for SMEs across the UK with its personal guarantee insurance solution.

In recognition of its claims expertise, Purbeck Insurance Services was shortlisted for two prestigious industry awards. However, no specific information about awards or records was provided in the current paragraph.

As the deadline to provide evidence for the Inquiry into SME Finance approaches, Purbeck Insurance Services continues to play a crucial role in supporting the growth of SMEs in the UK. July 2025 was a record month for Purbeck with a 58% increase in GWP compared to July 2024, demonstrating the company's ongoing success in meeting the needs of its clients.

Read also:

• The Cost of Speech is Zero, True Strength Lies in Unity
• Beginning a Food Truck Venture: Crucial Stages to Achieve Profitability
• Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
• "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"