Haydock Finance, a UK-based asset finance specialist, has announced that 2021 is off to a strong start with record first-half lending results.
In its last financial statement, for the year ended 31 December 2019, the Company reported net receivables of £256m (£178m in 2018), representing a 44% increase. Net receivables for the Group in the same period were £263m (£193m in 2018) a 36% increase.
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Haydock said its first-half 2021 lending for the business currently stands at over £420m.
“With continued investment in systems and people to support their expanding sales channels, the results demonstrate the success of Haydock’s strategy of accelerating organic growth,” the company said in a press release.
John Jenkins, chief executive of Haydock Finance, said: “The team have done a great job in what remains a difficult working environment to keep the focus on the customer in order to deliver a strong first half and set us up for the future”.
Andy Taylor, sales director of Haydock Finance, said: “Haydock is extremely proud to have not only delivered a record first half in 2021 but to also have supported so many of our introducers and their SMEs in what undoubtedly remains very difficult economic times.
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By GlobalData“We would like to thank our team and everyone who helped to enable these fantastic results.”
Haydock says it will continue to invest and respond to introducer’s needs, with an increased focus on providing an excellent service experience, the business said in a statement.
‘Sophistication and stratification characterise asset finance in the UK today’
Interview preview featuring John Jenkins, CEO of Haydock Finance. In the last 10 years, UK asset finance has become more stratified and is more dominated by niche players “creating a positive focus,” said Jenkins during a 30-minute interview with Lindsay Town, the CEO of IAA-Advisory, as part of a series of ‘fireside chats’ with UK leasing executives, streamed on 22 April 2021.
