WestWon Funder Day Last month WestWon hosted their first company event since the office renovation at our High Wycombe office earlier this year. All our funders were invited to meet our ever-growing team from High Wycombe and Leicester. It was also a great opportunity for the funders to come and see our newly refurbished office […]
GE Capital UK It was the 10th April 2015 when GE Capital UK made the surprise decision to exit the leasing and equipment finance market to focus on their industrial company. What was one of the UK’s largest leasing companies was shut down and sold off, a picture that was replicated throughout the world.
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 […]
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
Selling a leasing company Leasing companies are back in vogue, and not a month goes by without another press release stating that a leasing company has been bought by another leasing company. I remember the days back in 2008 when we were not in fashion. There was no merger and acquisition activity in the market […]
List of UK Scaffolding Companies We believe we have one of the best databases of scaffolding companies in the UK…. WestWon are a leasing company that have a specialist division that finances scaffolding kit in the UK. Over the years, this division has grown to become one of the UK’s leading scaffolding leasing companies.
Efficient waste management and recycling practices are under the spotlight as never before – both for economic and ‘green’ reasons. Many businesses need new waste equipment – such as balers, recycling machinery, compactors and shredders – but are reluctant to tie up existing capital or lines of credit. That’s why leasing is often a better option than buying. After all, asset finance now helps to fund 27% of all fixed-capital investment in the UK.
The market for waste compaction equipment has grown significantly over the last ten years and WestWon is extremely active in waste compactor and baler leasing, paper shredder and compactor finance. Here are 10 interesting facts about leasing waste equipment.
For more essential information about asset-based finance for waste equipment, download the WestWon Guide to Leasing or call us on Tel: 01494 611 456
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