WestWon Buys 42% of Fit Out Finance

WestWon are pleased to announce that it has acquired 42% share capital of Business Funding Portal Limited. The main trading style of the company is Fit Out Finance, a specialist leasing broker working in the furniture and fit out sector.

Fit Out Finance is a perfect fit for the existing WestWon furniture and fit out division, working with organisations that either renovate existing buildings or look to relocate to new premises. The business has been trading for 10 years and the current team headed up by the CEO Mark Jones, will all stay with the company.

Fit Out Finance Website and Domain Name

The main attraction for WestWon was the domain name www.fitoutfinance.co.uk. “It is completely clear what we do” notes Mark Jones. He added, “Every week we receive business opportunities directly via the internet. We believe that the brand can be developed further, maintaining our focus on leasing and financing of building renovation and premises move fit out projects in the UK. We are looking forward to joining the WestWon family of companies where we will be sharing infrastructure, marketing, financial and regulatory resources. The fit with WestWon makes perfect sense as they already have a strong footprint in the office furniture leasing sector. Jeremy and I have known each other for twenty plus years, he has even bought the customer base of a previous company I had many years ago called Public Sector Finance.”

Fit Out Finance and WestWon

Speaking on behalf of WestWon, CEO Jeremy Hall noted, “It will be business as normal for Fit Out Finance. Mark will still hold 58% of the equity, he will still be in charge of the day to day operations and the company will maintain its trading style and website. We will be implementing some immediate changes; remodelling the company logo and colour scheme to follow in the style of WestWon branding and implementing the WestWon CRM system. This is not an acquisition or a merger, it is important that we keep Mark and give him the ability and flexibility to grow the business.”

Fit Out Finance  in the UK

Leasing of office furniture and associated fit out costs is a big market in the UK. Office moves still count as one of the most expensive investments many companies make. Amortising the cost of an office move via a lease makes perfect sense. The general view is this sector is not set for growth over the next few years in the UK as we come to terms with the affects of BREXIT. However, by pooling the resources of Fit Out Finance and WestWon we hope to have a larger market share.

For more information, please contact either Mark Jones or Jeremy Hall at WestWon. Call us on 01494 611 456.

 

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