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Andrew Charnley Appointed CEO of Sancus Lending as Mepham Steps Down

Andrew Charnley has been appointed chief executive officer of specialist lender Sancus Lending, following the resignation of Rory Mepham. Mepham served as CEO for five years and will oversee the transition before taking up a role with Sancus Lending’s majority shareholder, Somerston Group.

Sancus Lending reported a profit of £2.6 million for the year ending 2025, an increase from £2.4 million in 2024. Under Mepham’s leadership, the lender returned to profitability and completed £93.5 million in new UK lending in 2025, up from £48.3 million the previous year. This contributed to a 49% increase in assets under management.

Charnley joined Sancus Lending in 2024 as managing director. During his tenure, he led the company’s transformation, strengthened its proposition, improved operational processes, established teams, and embedded risk management disciplines. Charnley has over 30 years of experience in financial services, with previous senior roles at Assetz Capital, Barclays, Lloyds Banking Group, and Together Money.

Sancus Lending also announced the issuance of £500,000 of bonds to Somerston Fintech, a subsidiary of Somerston, to provide additional working capital. In a recent trading update, the board noted that while progress had been made in the lending business, the macroeconomic environment had impacted activity and profitability in the first half of the year. The group has introduced measures to return to operating profitability in the second half.

Charnley’s appointment as CEO is effective from 10 July 2026.