Specialist asset finance provider Arkle Finance has reached a key financial milestone to coincide with its 21st anniversary after supplying a total of £100 million in loans.
The achievement follows sustained growth in its loan book, which has expanded by 15% annually for the past three years and now supports more than 5,500 customers.
Arkle Finance, which is a wholly-owned subsidiary of Weatherbys Bank, was launched in 1997 with two employees.
It has since expanded to employ 52 staff, who between them have wide-ranging expertise across the commercial and consumer sectors.
The lender has provided finance to thousands of companies, as well as to individuals looking to buy high-value assets including boats and light aircraft.
Customer demand has been particularly strong among businesses investing in office equipment, commercial vehicles, renewables, printing, laboratory equipment and food retail assets.
Together with its specialist marine and aviation finance products, these sectors now account for a significant portion of its loan portfolio.
Daniel Bailey, who was appointed managing director of Arkle Finance last year, said: “’Reaching these twin milestones isn’t just an achievement to celebrate; it’s also an opportunity to reflect on our journey so far, and to consider how we build for the future.
“Our people are key to our success. We’ve assembled a team with a rich seam of expertise in several key sectors, who together allow us to offer both a first-class service and a compelling range of finance options to our clients.”
He said the business was adapting to the changing equipment finance needs of customers. Advances in technology mean the business is now financing professional drones, 3D printers and other emerging technologies.
Bailey added that Arkle plans further expansion by targeting new territories in the next year, adding: “Arkle is well capitalised and proud to be supported byWeatherbys, one of just a handful of family-owned private banks in Britain.”
