August 29 2014 Latest news:
Friday, December 21, 2012
EDP Future 50 firm Credo Asset Finance has become one of only 25 brokers in the UK to be chosen as an introducer to national finance company, JCB Finance Ltd.
Appointed last month, the move will see the firm adding JCB to its lenders’ list to help arrange finance for their customers’ machinery and vehicles, and Credo expects to place £2m of finance deals with JCB next year after already completing six deals.
The move comes as the firm expands its team after recruiting Lee Weeding as an ‘agreed’ sales representative for Suffolk and North Essex to build relationships with car and van dealerships looking to secure finance.
Simon Gray, managing director at Credo Asset Finance, said: “We have a lot of experience in the agricultural sector and understand the seasonal nature that comes with it. By having a finance company in this field on board enables us to offer even more competitive finance rates to others, and even when they may have been declined elsewhere.”
A Norwich-based business which started as a “man with a van” operation is eyeing further expansion after seeing its predicted turnover increase from £6,000 to £340,000 within five years.