Specialist lender plugging in to service-based IT

Rigby Capital, the finance division of Midlands giant Rigby Group, is positive about its future after an “impressive” first year.

The business, which specialises in technology leasing, said business activiation was growing at 70% and it was generating “strong levels of operating profit”.

Rigby Capital looks to address the increase in service-based IT models, particularly across telecoms, print and mobility technologies.

Nigel Jenkins, managing director at Rigby Capital, said: “Our success to date is due to our ability – through years of experience across both the finance and IT markets – to be able to build transparent, client-specific funding solutions from scratch to address the shift to service-driven solutions, without being constrained by traditional or legacy lessor requirements.

“Through the support of the Rigby Group, we can work differently to standard financing providers by turning the customer business requirement on its head and creating a bespoke funding solution to enable their business technology objectives.”

Rigby Capital attributed its revenue growth to close collaboration with group companies, SCC, M2 and Nuvias, and relationships with new external partners, including Actifio.