DF Capital’s partnership with Approved Boats, now in its sixth year, reflects the funder’s ethos of fostering long-term relationships through exceptional service.
Approved Boats, a family-run business led by brothers Steven and David O’Rourke, specialises in selling and servicing premium vessels, from small speedboats to luxury yachts. Established in 2009, the Southampton-based firm operates across the UK and the Mediterranean, offering both new and refurbished boats backed by extended warranties and aftercare.
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By leveraging DF Capital’s flexible inventory financing, Approved Boats has significantly expanded its operations. The facility, which began at £500,000 in 2018, has since grown to £8 million. This support has freed up working capital, allowing the company to stock a wider range of boats, meet increasing customer demand, and explore new market opportunities.
David O’Rourke, managing director of Approved Boats, said: “DF Capital has been instrumental in helping us expand and develop our business. Their agility, same-day funding, and in-depth understanding of our operations make them our first choice for inventory finance.”
Angela Goulding, managing director for powersports at DF Capital, added:
“Our partnership with Approved Boats demonstrates the impact of tailored financial solutions in driving growth. It’s exciting to see how our support has helped them scale operations and achieve ongoing success.”
With a reputation for excellent customer service, including an Outstanding Customer Service award from Motor Boat & Yachting in 2021, Approved Boats has cemented its status as a trusted name in the marine industry. DF Capital’s financial backing has ensured that the business remains well-equipped to navigate the waters of expansion and innovation.
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By GlobalDataDF Capital is a trading name of DF Capital Bank Limited, a subsidiary of Distribution Finance Capital Holdings plc.
