08.05.2018

New UK finance company

A new company UK finance company Construction Plant Finance (CPF) is officially launching later this month.

Headquartered in Hampshire, Construction Plant Finance says it is the first independent finance company to be introduced solely for the construction equipment sector since 1997 - that is neither owned by a bank or linked to a manufacturer. The business is dedicated to the provision of competitive and flexible finance solutions exclusively for the UK construction equipment industry.

While the company may be new, the team behind it has decades of experience within both asset finance solutions and the construction industry. The new business is a joint venture between finance companies SKM Asset Finance and Corporate Asset Solutions. Company director Steve Moody, together with his wife Jackie Moody, have been directors of SKM Asset Finance since 1997.

Corporate Asset Solutions will be responsible for all back office and operational activities, while Construction Plant Finance will trade as a separate entity alongside the existing companies.
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Steve Moody said: “We are really pleased to be in a position to launch a dedicated, truly independent finance company for the construction plant sector. The team at Construction Plant Finance has a thorough understanding of the industry and unlike some lenders, speak the ‘customer’s language’. The specialist strengths of both businesses behind Construction Plant Finance complement each other perfectly from both a sales and operational perspective.”

Options offered by CPF will include hire purchase, finance leases, operating leases and contract rental, for standard equipment, from dumpers and excavators, to more specialist equipment such as vacuum excavators, cranes, road rail and waste recycling machinery. The company say it will also offer ‘Green Finance’ to meet the evolving demand for electric and solar powered construction equipment,for the increasing number of locations where cleaner machines with zero emissions are needed.

Construction Plant Finance will get its public debut at Vertikal Days on 16th and 17th May in Donington Park, where the company is exhibiting.