UK SME asset finance provider STAR Asset Finance Ltd (“ SAFL”) has seen its’ net receivables hit £100 Million – well ahead of target.

The SAFL Group comprises four leasing companies – Kennet Equipment Leasing Ltd, , Ignition Credit Plc, First Capital Finance Ltd, and the Credo Group.

SAFL was established with a specific focus to consolidate the asset finance broker market. The strategy is to acquire independent asset finance businesses, typically brokers who have relationships with end users, dealers, distributors and manufacturers, and combine them to create a new leasing business of size focusing on direct leasing to small and medium sized enterprises (“SMEs”). The key focus is to grow own book investment by retaining a significant volume of leases originally financed by funding institutions and diversify funding sources.

STAR Asset Finance CEO Steve Swift (pictured right) said of the results; “The group has achieved this impressive milestone in part due to the support it receives from both STAR and our other funders. With our own considerable financial resources available to underwrite more deals ourselves, we can offer even greater customer choice via both brokered and Own Book channels.
“SAFL continues to strive to give impressive levels of customer service and subsequently our growth continues apace. “It is our primary commitment to build SAFL into one of the largest UK leasing finance providers for SME businesses. As a result of our impressive growth, we are always looking for committed and experienced finance professionals who would like to join this exciting journey with us.”

NEWS

Sun-rising-resized

Does it need to be Blue Monday?

Today is officially ‘Blue Monday’ which is claimed to be the most depressing day of the year. For anyone in …

Read More
star-loan

STAR LOAN: No hassle business loans to help small businesses grow.

Our new STAR Loan solution takes that one step further – allowing you to borrow up to £250,000, without providing security, at …

Read More
Taking the trophy

The STAR Asset Finance Group World Cup 2022 Sweepstake Kit – download for free now!

Whether you’re a dedicated football fan, or you’re not fussed about the World Cup this winter, taking part in an …

Read More
Scroll to Top