Award-winning broker reaches £1bn support for SMEs as marks its 10-year milestone

26-Nov-2018

Award-winning broker Premier Asset Finance has reached £1bn worth of finance for SMEs as it marks 10 years since its launch.

The leading asset finance broker, owned by Paragon Bank, is looking back on how it has helped British businesses to flourish by financing an eclectic mix of assets.

These range from financing the UK’s largest Crawler Crane to one of the most expensive hyper cars available in the UK today - the McLaren P1 GTR - and just about every other hard asset in between.

The broker has also funded more unusual assets including commercial survey drones, underwater fish cages, offshore oilfield drilling equipment, funeral vehicles and even a helicopter ditching simulator, which is used to train off-shore workers in an emergency ditching scenario.

Premier Asset Finance, based in Edinburgh, launched in December 2008 and, since then, has won nine industry awards including Broker of the Year at the Leasing World Awards 2015.

Top facts about Premier Asset Finance include:

  • Over £1bn of SME introduced business to its funding panel

  • 12,500 individual finance agreements

  • Won nine industry awards including Broker of the Year in 2015

  • Over 350 years combined industry experience between the senior sales team of 13 asset finance managers

  • Eight original employees who started with the company on day one are still employed by the business

Mark Ripley, joint managing director of Premier Asset Finance, said:

“We’re proud to have provided a lifeline to so many businesses, particularly SMEs, over the past decade and have provided finance for some fascinating projects. It’s interesting to see how asset finance has changed over that time. It’s moved from standard hard assets to a huge growth in soft assets like shop fittings, mezzanine floors and office furniture.

“Even now, we are seeing more emerging industries that need financing including those for new technologies and recycling. This is and always has been an interesting and worthwhile profession and we feel proud to have helped so many businesses over the past decade.”

Kevin Davidson, joint managing director of Premier Asset Finance, said:

“It’s been a fantastic and a rewarding journey growing our business from an idea to a reality and then to a successful and highly respected broker.

“We set out from day one to differentiate ourselves from the pack and be a role model for the asset finance broker industry – and that ranges from everything to how we paid our employees to how we presented our credits and looked after our customers.”