The new division, it says, is in response to customer demand for more flexible finance options.
The company recently announced a record year in turnover and volume and, says John Egerton, Cartwright Finance managing director, the asset finance arm offers customers “a holistic, consultative approach”.
“Our basic DNA is manufacturing, but of course Cartwright offers much more and we can provide a ‘joined-up’ service for any customer, consulting with them personally about their funding aspirations and agreeing a finance solution.”
He adds: “Unlike many other manufacturers, we are not locked in to any particular bank or finance house on an exclusive basis. We have strong and established relationships with our funding panel who we work closely with, so we can match any requirement, whether a customer is looking to own or lease the asset through a hire purchase or lease facility.
“Furthermore, Cartwright Finance can arrange funding for used business assets on structured agreements matched to the clients’ requirements.”
Egerton (pictured) has more than 25 years’ experience in the transport, rental and leasing sector. He says the funding panel approach enables Cartwright Finance to match the right funder and right product with the right customer.
“We are also able to raise working capital for our clients by structuring a refinance facility for assets that the client owns,” he points out.
To date, he says, £19m worth of finance has been arranged for assets as diverse as forklift trucks, used and new tractor units, light commercial vehicles and hand-held proof of delivery devices.
“It is ultimately finance, but not as you know it,” says Egerton. “We have the flexibility and experience to meet virtually any requirement a customer presents to us.”