DEAL SPOTLIGHT
Posted in: Deal Of The Month | Posted on: 19 May 2025
DEAL SPOTLIGHT
We were recently approached by Sam German of Penumbra Business Finance to assist with an existing client of theirs, a utility contractor operating across the UK.
The client required several new vehicles, each valued at £40,000, to reduce their existing hire costs.
Due to some historic debt, the client had encountered difficulties in securing funding.
However, thanks to our manual underwriting process, Kingsley Asset Finance was able to verify that all payments were up to date and confirm that the business was financially strong with a high turnover.
This was a time-sensitive transaction, as the vehicles were essential for a new contract that was due to start imminently. Once our credit checks were completed, we agreed to fund the deal over 48 months. Documents were promptly sent out for electronic signature.
Upon receiving the signed documents and the deposit, we paid out the funds immediately, allowing the customer to collect the vehicles without delay.
The customer described their experience with Kingsley as “a brilliant service which was easy to deal with from start to finish.”
Broker Sam German added, “Working with Kingsley made this deal straightforward for both myself and the client. I’m very pleased with the hard work the team put in to make this happen and how quickly they managed to turn it around.”
At Kingsley Asset Finance, we pride ourselves on our speed, efficiency, and commitment to getting deals done.
If you or your clients have any asset finance or refinance requirements, get in touch!
