Asset finance broker progresses growth plans
A FINANCE and leasing company is taking advantage of opportunities as it positions itself for future growth.
Bluestone Leasing has announced a new partnership with Barclays to assist with its strategic growth plans.
Bluestone Leasing, based at Silkwood Court in Wakefield, is an independent finance and leasing company providing access to more than 30 specialist banks and funders. Established in 1996, the company now operates around the UK and has provided over 20,000 agreements with over 12,000 customers to date.
Phillip Bennett, Bluestone Leasing CEO, said: “We have seen significant growth over the last few years and felt that the time was right to find a new financial partner to support us in the next phase of our growth strategy. Barclays has provided a suite of banking products which includes the Enterprise Finance Guarantee scheme, enabling us to fund further expansion and diversification of the business.”
The company now employs more than 20 people locally and is one of the largest independent leasing and finance companies in the North.
The move to Barclays includes a new funding deal which will provide funding through the Government-backed ‘Enterprise Finance Guarantee’ scheme, enabling the business to plan with confidence going forward.
Charles Shepherd, relationship director at Barclays, said: “It’s great to see Bluestone Leasing continuing to develop and expand despite the current economic climate. The new funding means that the company is well placed to take advantage of opportunities arising and leaves the business well positioned for further growth within its chosen markets.”
