ASSET-BASED lender Davenham Group has revealed that it is reducing its two-person Liverpool-based property finance team to one amid worsening market conditions.
But the firm, which is a leading asset-based lender to the UK small firms sector, said it was committed to remaining within the city.
In a statement, the company said: “It is essential that we react to current market conditions.’’
It added: ‘‘While we will ensure that we continue to provide our existing and potential clients with the high levels of service they expect, the reduced activity within the property sector means that we must adjust our staff levels accordingly.”
