Client: Local Kent based haulage company operating for 83 years
Industry: Logistics & Transport
Finance Type: Hire Purchase
Term: 60 Months
Funding Amount: £631,475
Assets: 5 × Volvo FH Tractor Units
Background
well-established Kent based haulage company with over 83 years of trading history and a strong reputation within the UK logistics sector.
As part of their ongoing growth strategy, the business planned to expand their fleet with five new Volvo FH Aero tractor units.
The Challenge
Due to their continued fleet investment, the client had already utilised significant credit capacity with existing lenders.
Although the business remained financially strong, further expansion required access to additional funding lines outside their current finance providers.
The goal was to structure a facility that allowed them to continue scaling their fleet without disrupting their existing funding arrangements.
Our Solution
Using our panel of specialist asset finance lenders, we were able to source a new funding line that supported the client’s continued growth.
We arranged a £631,475 Hire Purchase facility over 60 months, with the VAT paid upfront, enabling the client to take delivery of all five vehicles immediately.
By leveraging our lender relationships, we ensured the transaction was structured efficiently and completed in line with the client’s fleet expansion plans.
The Result
£631,475 funded, 5 new Volvo tractor units added to the fleet, 60-month Hire Purchase facility, additional lender capacity secured. Following the successful completion of this facility, the client returned later in the year to finance additional vehicles, demonstrating the long-term value of having access to multiple lenders through a specialist asset finance broker.
