18th October 2017, High Wycombe, Buckinghamshire
Corporate Computer Lease PLC was a big name in computer and software leasing. Alongside Wyse Leasing, Syscap and Genesis Capital, they were one of the best known tech leasing companies. Sadly, along with their new leasing company, Smart Fund IT, they went out of business back in 2009.
Since then, finance companies such as ING, Bank of Scotland, Siemens, Grenke and Universal Leasing have been collecting from their CCL lease portfolio. With the receivers having now wound down the administration, it has left a customer base of companies who have leased in the past.
Earlier this month, WestWon acquired this customer base from the company working on behalf of the receiver, adding another 500 plus lease clients to their ever-growing portfolio.
Speaking on behalf of WestWon, CEO Jeremy Hall noted, “CCL were a great competitor to us at Wyse Leasing for a number of years. They were a well-run company that had some fantastic supplier relationships, especially in the software leasing sector. No one would have expected, or even wanted them to fail. After the administrator had completed their job and all these customers have paid their rentals, the only thing left is a list of companies. A highly valuable source of information, our task will be to analyse all these companies and speak to them about their future leasing needs.”
Most of the customers were SME’s, with a combined lease value of £36m. 75% of the contacts were for software leasing and computer leasing. Circa 8% of the portfolio is for the leasing of vehicle tracking devices and the next most popular class of leasing was telecommunications equipment.
This is the third portfolio acquisition within a year for WestWon, following Tech5 and Broughfame. Clearly, if you are looking to sell your leasing company then WestWon would be a good place to start.
For more information, call WestWon on 01494 611 456.