Hitachi Capital Business Finance has grown its total asset portfolio by 23% from last year to £1.3bn The specialist lender has recorded a 6.4% rise in pre-tax profit to £21.5m and a 600% increase in stocking new business volume, with a total of £210m paid out. It has now funded £958m of total assets.
“In the last 12 months, we’ve diversified and strengthened our proposition within franchise financing, motor inventory and agriculture, which has led to major new funding contracts, including a major stocking deal with Pendragon PLC and exciting opportunities for our business,” said Gavin Wraith-Carter, managing director at Hitachi Capital Business Finance.
