Jack Coombs has been promoted to Chief Operating Officer at S&U PLC in a move that will see him take on broader Group operations while maintaining a hands-on role in Aspen’s future trading.

S&U PLC, the parent company of the rapidly growing bridging lender and Advantage Finance, a leading proponent in the motor finance industry, made the announcement to the London Stock Exchange on Wednesday 8^th October.

Jack’s responsibilities will include contributing to operational efficiency, innovation and funding across the Group alongside a continuing direct role with Aspen. His function is designed to complement the existing responsibilities of the senior leadership team.

“This promotion is a vote of confidence from the Group board, particularly Anthony Coombs our Chairman and Graham Coombs our Deputy Chairman, not just in myself but also in the important contribution that Aspen is making, both current and future, and our ambitions within the bridging sector,” said Jack.

“Aspen now makes up approximately a third of Group profit and we are confident that, alongside Advantage Finance, both businesses will continue to improve and grow in a sustainable and responsible way.

“I very much enjoy the relationships in the industry, getting neck deep in deals, and that is not going to change. I am very excited about the future prospects for Aspen and look forward to helping drive that alongside Ed Ahrens, Aspen’s CEO and the rest of the senior management team.”

Aspen was founded in 2017 by Ed and Jack and has become a major player in the bridging sector. In August the company announced it had passed £750m in total lending since its inception and is targeting £1bn in 2026.