Asset finance funder Praetura Asset Finance has recorded its most successful year ever.
2019 saw the business write more deals, provide more funding and work in partnership with more brokers than ever before.
The consultant lender saw growth in five out of the six regions of the UK year on year; the Midlands saw the amount of funding provided rise by 57% and the South of England saw an 84% increase in the number of deals done.
The company has boosted its sales team with three new appointments.
The company is doubling its business development resource for brokers in the South of England, with the additions of Dan Sellwood, previously at EFT Finance (and Liberty Leasing before that) and Alexander Fowler, who joins following three years at Amicus Asset Finance.
Sellwood said: “I am excited to be joining Praetura Asset Finance as the service they can offer brokers and their customers is fantastic. In this demanding and busy market you need to be able to offer something different and flexible to stand out and I believe Praetura’s product suite does just that.”
Fowler added: “I am very much looking forward to this new challenge! Praetura Asset Finance has a strong standing and reputation in the finance industry and I’m keen to contribute to that and continue my career progression with such an exciting company.”
Craig Thomas also began working for Praetua in December 2019 as a business development manager in the company’s new specialist print division.
Mike Hartley, managing director at Praetura Asset Finance, said: “2019 was a phenomenal year for us, there were lots of new things; a new corporate headquarters, new branding and a new multi-million pound funding line, to name just a few.
“We are helping more SMEs across the country and providing more funding than we ever have before, proving that asset finance ‘The Praetura Way’ is a resource that adds value to each and every business with whom we’ve worked in partnership.
“I’m pleased and immensely proud of what we have achieved, but not satisfied. There is more we can do and the new appointments are testament to the ambitions we have for 2020 and beyond.”