WestWon- Our journey to being involved in £500m of lease finance in the UK

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

 

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