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Aldermore acquires portfolio

by admin
13 March 2012
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Aldermore has completed the purchase a portfolio of leasing receivables from Private & Commercial Finance Group (PCFG).

The deal is for leases with a book value of £11.5 million and the portfolio is predominantly vehicular assets and is a good spread of SME customer risks.

This is Aldermore’s second purchase of a leasing portfolio, following the acquisition of £35 million of assets from Heritable Asset Finance in March 2010.

George Ashworth, managing director of Asset Finance at Aldermore, said: “We’re delighted to have concluded this deal

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  • MORTGAGES
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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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