Praetura Asset Finance records strong start to the year

Funding | Growth | North West
Mike Hartley, managing director at Praetura Asset Finance
Mike Hartley, managing director at Praetura Asset Finance

 

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.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *