Finance firm merger is boost to expansion plans
A Wearside-based business finance company is investing in its own future with a merger which increases its national expansion plans.
Anglo Scottish Asset Finance, which has its headquarters on the Drum Industrial Estate, Chesterle-Street, has merged with Birmingham-based, Capex Asset Finance.
The merger will see the two firms unite under the Anglo Scottish Asset Finance banner and underlines signals an intent to move further into industrial asset finance – with Capex having a strong foothold in the financing of plant and machinery.
Director of Capex Asset Finance, Warren Badger, has been appointed commercial director of Anglo Scottish and will oversee operations in the Midlands and South.
Established in 2007, Anglo Scottish is an independent business finance broker, providing a range of financial services, including asset finance,
business loans and vendor and dealer finance.
MD David Foster said: “We are an extremely ambitious company that is focused on growth, but not at the expense of quality.
“The merger with Capex not only provides us with superior geographical terrain and ways to widen our service offering, it also means we can further improve customer experience.
"With the combined strengths of both companies under the Anglo Scottish name, the future is set to be extremely bright and prosperous.”
In line with the merger and the company’s growth strategy, Anglo Scottish has also recently launched a training academy, which it says is open to those with no experience other than a “cando” attitude, having
identified a skills gap in the market.
Mr Foster added: “The Anglo Scottish brand is one we have worked very hard to ensure evokes trust. It is what people say about you when
you aren’t in the room that can make or break a business and, ultimately, doing good business is simply the right thing to do.
“The time is now for us to grow and take our second-tonone customer service and prove ourselves as the UK asset finance customer’s company of choice.”