Close Asset Finance (CAF) has launched a dedicated materials
handling division, hiring Jeremy Spooner as national sales manager
for the new team.
Spooner has 15 years of experience in materials handling
finance, most recently at vendor finance specialist De Lage
Landen. As a result of this experience, it is
understood that he will help build up CAF’s presence in the
sales-aid space.
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He will be based at CAF’s offices in Chester, and will
spend much of his time travelling around the UK.
Commenting on his division’s approach to the market, he
commented that CAF’s “flat management structure and lack of
bureaucracy” had allowed it to react quickly to the opportunity
presented by a relatively empty materials handling market.
“The number of materials handling funders has reduced over the
last 18 months, and the ability to obtain funding has become more
difficult” said Spooner, adding that his division will be able to
accommodate “transactions that ‘fall outside the box’ of mainstream
lenders.”
CAF is not the only funder with materials handling ambitions,
however. HSBC Equipment Finance has a growing presence in the
sector led by Adrian Shepherd-Roberts, while Bibby Leasing has
grown its division under John Bradshaw and new bank Aldermore has
identified the sector as a growth area.
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By GlobalDataMeanwhile De Lage Landen and BNP Paribas Lease Group
(through brand Albury Asset Rentals) remain the only
active high-volume lessors in the marketplace.
Fred Crawley
