Meet the MD: Richard Mason

As head of Ludgate Finance, Richard Mason spends a lot of his time educating businesses about the benefits of securing alternative finance. He told BQ what advice he would give to someone in his shoes.

Describe your role in no more than 100 words.

As director and joint founder of Ludgate Finance, I lead a team of specialists in the peer-to-peer (P2P) lending industry. Part of my role involves educating businesses and their advisers on the benefits of securing alternative finance.

On a day-to-day basis I work with clients to structure innovative and pragmatic finance proposals to meet their business requirements and will work with the various P2P platforms to facilitate deals.

 

What is it the company does?

Ludgate Finance is a specialist in raising business finance in the fast-growing peer-to-peer lending market.

We have a strong reputation for finding the right funding package to suit individual business needs and we have worked with a variety of businesses, lenders and professional advisors nationwide.

We have also been instrumental in helping numerous peer-to-peer platforms grow having been closely involved in the sector almost since its inception.

 

What do you believe makes a great leader?

Humility and recognising that you can only be as great as the team you have around you.

 

What has been your biggest challenge in your current position?

Having enough hours in the day to look at the bigger picture. We are very good at securing deals for our clients, which of course drives revenue, but I also recognise that it is important to look at the business on a wider scale and to include marketing, PR, networking and social media.

 

How do you alleviate the stress that comes with your job?

Where possible I try to work from home and stay out of the office. I am a slow runner but enjoy it anyway. Having a close family unit also helps.
When you were little, what did you want to be when you grew up?
I went through various phases but in my early teens I really wanted to be a car designer. It was all I focused on for about four or five years. Then, of course, I realised that I wasn’t very good at drawing so I joined the banking industry instead.

 

Any pet hates in the workplace?

I tend to work from home which it is quite a relaxed environment. But in a traditional work environment, my pet hate would be workplace politics.

 

Where do you see the company in five years time?

In the next five years, Ludgate Finance will be at the forefront of the peer-to-peer lending market.

 

What advice would you give to an aspiring business leader?

To have a dream and to set out goals and objectives that will help you to realise that dream.

 

Where did you start your career?

I joined NatWest as a cashier in 1988.

 

Give us a brief timeline of your career so far.

I spent seven years at NatWest where I worked my way up the business. I then worked in the invoice finance sector for ten years before joining Ludgate Finance in 2007. I led a management buyout at Ludgate to become joint owner in July 2014.