We launched the business on this day five years ago – and what a fantastic five years it’s been!
Our parent, Australian-listed McMillan Shakespeare Group, launched into the UK market with the intention of creating a major fleet and asset finance business and providing a wide array of business customers with enterprise-wide financing solutions.
Since then, carefully targeted acquisitions have been an important part of our growth strategy. In November 2013, in our first move into the fleet market, we acquired long-established fleet management specialists, CLM.
We then followed it up two years later in November 2015 with the acquisition of asset finance broker, Anglo Scottish Asset Finance, based in Durham.
There then followed the purchase of North East point-of-sale car finance specialists, Eurodrive Motor Finance, in December 2016. And most recently we acquired Birmingham-based Capex Finance in January 2017.
As well as these key strategic acquisitions, these last five years have also been marked by an outstanding period of dynamic organic growth.
This has seen the value of financial transactions the Group has underwritten increase by more than 14 times to over £317 million, as at the end of the last financial year, while our turnover has more than trebled to over £25 million in the same time.
And in line with the rapid expansion of the business, the number of employees within the Group has more than doubled in the last three years and there are currently around 200 of us!
CEO Roger Skinner said he was delighted to be celebrating a fifth birthday in the UK, following such an outstanding record of growth.
“Today is a real landmark for us as it marks a period of sustained growth and expansion across the business.
“Through a series of strategic acquisitions and dynamic organic growth, we have created a Group that turns over more than £25m annually and employs around 200 people – a performance we are absolutely thrilled with.
“We remain committed to the fleet and asset finance markets in which we currently operate throughout the UK and have substantially increased our investment in people with more finance specialists on our teams than ever before.
“As we plan to continue those levels of investment for the foreseeable future and as our appetite for growth remains undiminished, we can all look forward to the future with every confidence. Here’s to the next five years!”