Praetura has today unveiled its new direct finance offering, Praetura Direct Finance. The new firm has been established to help UK businesses in the bus and coach industry find the right funding for their vehicles and equipment, as well as to assist with refinancing for both consolidation and expansion purposes.
Based in Manchester, the new firm will be headed up by bus and coach finance specialists Guy Wadsworth, Scott Burke, Paul Ricci and Donna Street. The firm’s leaders bring together extensive knowledge of the industry, having previously worked together at Mistral Group, where they were key players in the development of Mistral Asset Finance.
The new firm, which will sit within Praetura’s existing debt division – currently formed of Praetura Asset Finance (PAF) and Praetura Commercial Finance (PCF) – will offer an extensive in-house lending portfolio alongside key partnerships with many major banks and alternative finance providers.
Guy Wadsworth, Commercial Director at Praetura Direct Finance, said: “We’re delighted that Praetura Direct Finance is now open for business and look forward to helping businesses in this sector find the best funding solutions to meet their needs.”