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4Syte: Our Story

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.

APRIL
2016

The Beginning: 4Syte Ltd

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!

JUNE
2016

The Beginning: 4Syte Funding Ltd

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.

JUNE
2017

Expansion: Construction Finance

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.

Our intention is to invest only in complimentary business if we have the expertise to execute that business at the outset. We have attracted the best talent in each of our businesses with the same ethic flowing through all.

Nick Sellars | Group Managing Director

AUGUST
2017

New Chelmsford Office

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!

March
2018

Opened London Office

With our continuous growth, we further expanded with an additional office on Regent Street in London.

AUGUST
2018

Expansion: 4Syte Trade Ltd

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.

We focus on our core business and we invest in bright people.

Nick Sellars | Group Managing Director

SEPTEMBER
2018

Opened Leeds Office

In September 2018 we opened our Leeds office to expand our reach and be more accessible in the North. Samantha Wilson joined as Regional Managing Director of the North and is also heading up our Construction business which operated out of our old office on 17 Park Place at the time.

DECEMBER
2018

Rebrand: 4Syte Construction Ltd

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.

JANUARY
2019

Expansion: 4Syte Structured Finance Ltd

In early 2019 we established 4Syte Structured 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.

With a multitude of different products, we take the time to understand the clients’ requirements and find the correct solutions for them.

Paul Fenton | Managing Director of Structured Finance

FEBRUARY
2021

Expansion: Acquisition of Factoring Portfolio

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.

MAY
2021

Secured and Bridging Loan Lender of the Year 2021

4Syte Structured Finance Ltd was named ‘Secured and Bridging Loan Lender of the Year 2021’ by the SME Funding Awards. 

July
2021

New Yorkshire Office

As 4Syte continues to grow, we had to expand our office space in Yorkshire. In July 2021 we moved offices to Hub 26.

OCTOBER
2021

New London Office

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.

OCTOBER
2021

Best UK SME Finance Provider 2021

4Syte Group was named ‘Best UK SME Finance Provider 2021’ by the Greater London Enterprise Awards.

SEPTEMBER
2022

Most Client-Focused SME Finance Provider 2022

4Syte Group was named ‘Most Client-Focused SME Finance Provider 2022’ by the UK Enterprise Awards.

OCTOBER
2022

Expansion: 4Syte ABL Ltd

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.

OCTOBER
2022

SME Financing Company of the Year 2022

4Syte Group was named ‘SME Financing Company of the Year 2022’ in the Greater London Enterprise Awards.

SEPTEMBER
2023

Best Nationwide SME Financing Company 2023

4Syte Group was named ‘Best Nationwide SME Financing Company 2023’ in the Greater London Enterprise Awards.

OCTOBER
2023

Milestone: £100 Million in Funds Advanced

4Syte Group hit the superb milestone by topping £100 million in funds advanced to our SME clients!