The loan book of UK asset finance provider Haydock Finance has reached £75m (102.3m), as the company celebrates its 35th anniversary year.
Founded in 1980, Blackburn-based Haydock Finance is a family owned business that was originally established as a motor finance company. It currently provides finance to customers primarily operating in the transport, logistics, engineering, manufacture, fleet hire, agriculture and forestry industries.
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The company employs 28 staff and offers hire purchase, leasing and refinance proposals, primarily to SME’s located in England, Scotland and Wales.
Earlier this year, Haydock was appointed as an authorised representative by AIM-listed Secure Trust Bank as it made a new push into small business lending by launching its asset finance division.
Steve Worrall, managing director of Haydock Finance, said: "I have worked within finance for a number of years and have seen Haydock’s asset finance portfolio increase significantly as more and more businesses turn to alternative lenders to fund their ongoing asset requirements.
"It’s a fantastic achievement for everyone who has been involved in the Haydock journey over the past 35 years and we will continue to work closely with our customers, introducers and funders as we move forward to reach our next milestone."
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