Having reached a £50 million lending book in 2015, its second year in business, Praetura Asset Finance is turning its attention to better servicing the needs of a growing Southern client base with the launch of a new regional hub.
The company is seeking to appoint an ambitious team of finance professionals to head up the Southern office and capitalise on the growing appetite for asset finance amongst businesses, specifically SMEs, in the South of England.
“We’ve worked hard to consistently manage growth in line with company targets and believe now is the ideal time for us to expand operations from our northern headquarters by launching a dedicated branch for businesses in the South,” explains managing director, Mike Hartley.
“There is real opportunity for us in the South of England with the number of businesses springing up as well as its fantastic commuter links, but it’s our alternative approach to asset finance that is so different from our competitors which is sparking interest and attracting more potential clients.”
Praetura Asset Finance has achieved admirable success during its inaugural years. Launched in January 2014, the company has grown from a team of seven specialist finance professionals to 18 members of staff. Mike adds, “It’s such an exciting time for the business as we focus on our aim of reaching a £150 million lending book by year five, and this new southern venture provides a unique opportunity for dynamic finance professionals to develop their own portfolio and really make their mark in the industry.”
To drive forward such an ambitious growth plan, the company is also developing home-grown sales talent after recently launching a new graduate trainee programme. Mike elaborates, “Graduate schemes are a proven springboard to a long-term career, and as the company has grown and matured, we’ve been able to shift our recruitment strategy and invest further to develop a fully national, high quality team.”