- Henry Howard Finance (HHF) helped more than 8000 businesses in 2018
- Asset-based lending volumes grew by 16% to £118m
- Income from HHF Asset-based lending activities is up 24% year on year
- Lending on its own balance sheet now stands at £54m, up 17% year on year
- The company continues to invest in technology and its funder platform
Henry Howard Finance have continued their record portfolio growth during 2018, reinforcing their position as a leading funder for SME’s within the UK.
Within the last 12 months, HHF has secured a second tranche of funding from the British Business Bank ENABLE fund. This £51million, on top of an initial £51million asset finance facility granted in 2016, enabled Henry Howard Finance to extend its leasing and asset finance offering to a larger portfolio of UK smaller businesses than ever before, seeing a year on year increase of 17% in own book lending.
The combined asset-based lending divisions within HHF paid out more than £118m of funding during the last twelve months.
HHF also witnessed growth within its vendor divisions, supporting several hundred Vendors across all sectors and equipment types through the provision of a technology and service-led model.
Mark Catton, CEO of the Henry Howard Finance Group, says “We are proud of our 2018 results, the passion for great service and relationship management HHF is built on has stood us in good stead during what has, for some, proved a turbulent year elsewhere. We have grown during the year, taking on staff in Manchester, the Midlands, and the South West to extend our personal relationship manager reach around the UK.’
‘The majority of the deals we finance for our customers are done on our own balance sheet, so we make quick decisions and can be very flexible, but we also have excellent relationships with our panel of funders, so we can deliver a range of solutions.’
‘And at the core of everything, personal service remains key. We listen to our clients, understand their needs and wants, and find an appropriate funding solution. The plan for the future is simple – keep growing, keep investing, and keep supporting more SMEs to thrive, grow and expand.’