Part of Dawsongroup PLC, the Ringwood-based company’s portfolio exceeded the major milestone for the first time in April, with £150m of financed assets in use which are currently funded by Dawsongroup Finance.
Supported by a field-based sales team of six, approximately £100m of Dawsongroup Finance’s business is with Dawsongroup PLC customers based throughout the UK, including trailers, trucks, sweepers, vans, buses and coaches. A further £25m is business introduced by their network of finance brokers and the remaining £25m is derived through Dawsongroup Finance’s specialist car contract hire finance division.
April alone saw them provide financing for more than £5.4million assets, including £3.6m worth of trailers funded for a long-standing major supermarket customer. Over the years they have financed things as weird and wonderful as a marmite sprayer, a wrapping machine, and a salmon grader.
Despite the global pandemic 2020 was one of their busiest year yet, which saw the team double in size to meet demand; they ended the year with the win of a major leasing contract worth £15m to supply delivery trucks and trailers to a supermarket chain.
“Asset finance needn’t be complex and we like to ensure customers are totally clear on every aspect of their dealing with us. Making decisions that are fair and sensible is key to our philosophy. None of this has changed despite the pandemic and the turbulent times for businesses. The fact that we continue to grow indicates to us that this works,” said Kevin Wills, Managing Director of Dawsongroup Finance.
Dawsongroup Finance’s growth towards this new milestone has also been supported by a bespoke lease administration system they invested in five years ago.
“Being part of a major asset group, which is a significant purchaser and operator of assets across a multitude of sectors, we know the markets our clients are operating in, their needs, and the challenges they face. Not only can we provide advice on the assets they require finance for, but we have valuable access to suppliers and manufacturers too,” added Internal Sales Manager Matthew Bull.
“As a result, Dawsongroup Finance is flexible and fast-moving, in a way banks and other independent finance providers can’t be – we can even find the right asset, secure funding, and complete the transaction all within the same day. That, combined with our strong team, is the recipe for our continued success.”