Two former senior directors of Paragon Bank Technology Finance have launched Adamantean Ltd, a new independent leasing and asset finance company. Majority shareholder Gareth Wilding has taken on the role of managing director, while Sam Arlow, as director, will lead sales for the new company.
Adamantean will initially focus on the media industry, with plans to expand into other markets in due course.
Gareth Wilding spent almost 20 years in the role of sales and marketing director at Fineline Media Finance, and was part of the management team that sold Fineline to NM Rothschild's asset finance and leasing subsidiary, the Five Arrows Leasing Group in 1998. He took over as MD of the Five Arrows Leasing Ltd subsidiary in 2014 and maintained this position following the completion of the sale of the FAL Group by Rothschild to Paragon Bank plc in November 2015.
Sam Arlow spent 10 years at Top-Teks in technology sales roles, before joining Fineline Media Finance in 2010. She is a member of Women in Film & Television, taking part in the organisation’s mentor scheme in 2015, and is also on the advisory board of Females in the Broadcast Industry (FBI).
“Sam and I have built a reputation for integrity that we are keen to continue and polish,” said Gareth Wilding, managing director, Adamantean. “There is a lot of systemic change in the industry that will require funding, so this is an opportune time for us to launch our new business based on our understanding of the business, the technology and our clients’ needs.”
In the first week of operations the company has already closed and paid out two pieces of business. Wilding says he was particularly delighted that the first was with his longest standing customer Dobson Sound Productions, who he has dealt with since Paul Dobson formed his production services start-up in 1988.
More deals will be revealed shortly, adds Wilding.