Record start to the year for Praetura Asset Finance
– 30% increase in the total amount lent across all funding facilities in Q1
– Number of SMEs ably assisted by asset finance rises by more than a fifth
– 62% growth in funding provided through asset refinance
Independent asset finance funder, Praetura Asset Finance has posted record-breaking Q1 figures for the fifth consecutive year.
The total amount lent rose by 30%, which included a rise in hire purchase finance of more than a third and a 62% surge in the funding provided to SMEs, to facilitate consolidation or growth, through asset refinance.
Other highlights include more than doubling the number of deals going live for small and medium sized businesses in the south of England and a rise of 68% and 63% respectively in funding provided to companies in the Midlands and the North of England.
These results come on the back of a very newsworthy start to 2019 for Blackburn based, Praetura Asset Finance; having also announced its first acquisition, new funding, new branding and a move to new headquarters in the first three months of this year.
The team has expanded too, with two new appointments: Gabriella Dandy joined as the company’s new financial controller in February and Kristina Bradley took up a newly created business analyst role in March.
Mike Hartley, managing director at Praetura Asset Finance, said: “These are exciting times at Praetura Asset Finance; we’re continuing to go from strength to strength and what we’ve seen in the first quarter of this year is surely a sign of things to come.”