We are pleased to announce our acquisition of Scottish based broker, First Independent Finance in a deal that will create the largest independent SME finance provider.
Both businesses will continue to trade under our respective brands and are collectively anticipated to provide £400m in finance annually, to both the corporate and professions sectors.
This combined business approach will also aid SMEs in ensuring all finance requirements can be dealt with by one finance partner, with a large range of facilities designed to directly support business cash flow.
All LDF (now White Oak UK) and First Independent Finance personnel are to remain, with a focus on further developing opportunities to expand already in place with the recent expansion our internal sales function and the delivery of new finance products into the market.
Providing our customers with access to the most appropriate finance solutions when they need them most has always been our primary focus. We are confident that the expansion of our Group will only support this focus, providing an enhanced level of finance opportunities to customers.
Who are First Independent Finance?
Ayrshire based First Independent Finance, founded in 1999, are one of the UK’s leading asset finance brokers in a number of sectors including construction, agriculture, transport and renewable energy, financing primarily hard assets such as trucks and heavy plant and construction equipment.
Peter Alderson, Managing Director of White Oak UK, says: "This is a deal for growth, and a natural fit for both LDF [now White Oak UK] and First Independent Finance. Both companies are leaders in their fields, making their combined product capability offering and client base the strongest in the SME finance market."