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 through asset refinance.
Praetura has more than doubled the number of deals going live for small and medium-sized businesses in the south of England and recorded a rise of 68% and 63% respectively in funding provided to companies in the Midlands and the North of England.
Praetura Asset Finance also announced its first acquisition, new funding, new branding and a move to new headquarters in the first three months of this year.
Praetura has also made 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.