Leasing v Bank Loan We are a leasing company and bank loans are often our major competitor when it comes to lending. However, we are aiming to put forward an unbiased view to help you make a more informed decision should you be wishing to buy equipment.
Are Peer to Peer business loans more expensive than business bank loans? History of Peer to Peer lending Less than twelve years ago, Peer to Peer lending did not exist in the UK. All of a sudden, Peer to Peer lenders such as Zopa and Funding Circle are a major competitor to the traditional High […]
Voss Finance Limited, a leasing company based in Leicester Voss Finance Limited were a leasing company based out of Leicester, the same city where we have an office for one of our companies, WestWon Leasemaster Limited. Voss Finance Limited Background Voss Finance Limited was incorporated in 1995 by David Voss who we understand built a reasonably […]
Plus Finance Limited Plus Finance Limited are one of our key competitors in leasing, focusing on the furniture and fit out sector in the UK. The company was incorporated in 2001 by Nicki Matthews and Steve Pullen. Nicki is well known in leasing, being the second employee at Wyse Leasing where she worked for many […]
How do you value a vehicle leasing company? When asking “How do you value a vehicle leasing broker”.. you will get a standard response, “Your vehicle leasing company is worth what someone is willing to pay for it.” Ok, now we have this comment out of the way which doesn’t really help your case, let’s […]
Since loading our first lease opportunity onto our CRM system in 2008, WestWon have directly and via the acquisition of other lease portfolios, been involved in 11,321 unique lease and business loan opportunities to the value of £452m. We did not manage to win all these deals, some of our prospect clients paid cash, did not proceed with an order or the companies were unable to achieve a credit acceptance. However, the numbers produce an interesting read.
Speaking on behalf of WestWon, Jeremy Hall, CEO noted, “A recent review of our CRM system gives a valuable insight into the type of companies we are working with, along with the type and value of assets they finance. As of today, we have undertaken leasing and business loans for 5,787 companies in the UK. Many of these were introduced to us from 14 leasing company acquisitions we have made over the last ten years, the first being Power Leasing in September 2006. Our lease portfolio is currently made up of 8,137 unique contracts written. WestWon have a plan to continue its strategy of growth. We have already grown from 1 person to 30 in just over ten years. Our target is to have a team of 50 people writing £50m of lease volume per annum within three years. We are looking forward to loading our 10,000 lease/loan agreement onto our database, at which time we hope to have been involved in over £500m of business funding in the UK.”
This week, a team of three WestWon employees went off site to analyse leasing companies in the UK. Our search started with a list of 898 UK leasing companies. After removing duplicate entries and companies that were not really involved in leasing, the portfolio was reduced to 832 companies. 52 of these companies have ceased trading, leaving a live list of 780 UK based leasing companies. We believe this to be one of the most comprehensive and up to date lists of leasing companies in the UK.
George Shillingford, one of the WestWon team involved in this project explained “This was a time consuming and tiring data crunching exercise. We have viewed nearly 900 leasing company websites, defined what assets each leasing company deal with, and then rated every single website from poor to excellent in quality. The work did not stop there. We have data loaded every director, their age, shareholding, undertaking a credit report on every company and ranked them by net worth. It’s been a fantastic and highly interesting project to be involved in.”
The acquisition of leasing companies and or lease portfolios will continue to be a main part of the strategic growth of the company. If you run a leasing company and wish to be part of this journey, please call our CEO for a confidential conversation.
Jeremy Hall, 01494 611 456
How to value a leasing broker I must get asked this question every month by other owners of leasing companies. So lets take a look at how to value a leasing broker Own book lease portfolio An own book lease portfolio is relatively easy to value and if you are sophisticated enough to have an […]
Equipment Leasing brokers Investment into your business Even modestly sized equipment leasing brokers are now setting up and running their own lease book. The main reasons seem to be: • Reducing reliance on funders • Additional profit centre from interest earned
How do you find a leasing company for sale? This is a question I often get asked, so thought it’s time to write a blog about it. I typed into Google, “leasing companies for sale” and up popped 43 million results in under a second. My search brought up several adverts, one leasing funder and […]
Selling your leasing company If you are thinking about selling your leasing company and want to get the best value, read on… 1. Know your facts How many leases have you written, how many customers do you have, what is the average profit per deal, how many suppliers do you work with, where are the […]
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