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Ultimate Finance strengthens asset finance team with new sales director
Yahoo Finance· 2025-09-11 13:51
Core Insights - Ultimate Finance has appointed Paul Hansen as the asset finance sales director to enhance its broker-first growth strategy and leadership team following record expansion in its asset finance loan book [1][4]. Group 1: Appointment and Responsibilities - Paul Hansen brings over 30 years of experience in asset finance sales, having held senior roles at Novuna Business Finance, Aldermore Bank, and Shawbrook Bank [2]. - Hansen's responsibilities will include leading the asset finance sales strategy, driving new business growth, and improving engagement with the broker network [2]. Group 2: Company Performance - Ultimate Finance reported its highest ever half-year origination results, with £126 million ($170 million) in new business lending, a 15% increase compared to the same period in 2024 [4]. - The company's lending book grew to £357 million in the first half of the year, indicating positive results across all business sectors [5]. Group 3: Product Enhancements - Ultimate Finance increased its maximum invoice finance facility size from £7 million to £10 million to meet larger funding needs [5]. - The company introduced enhancements in its bridging finance offerings, including reduced pricing on development exit facilities and a new light-touch refurbishment option with up to an 85% day-one loan-to-value ratio [6].