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SKM Asset Finance Ltd celebrates 20th Anniversary

Ref: 224

Date: Tue 25/Jul/2017, 09:32

SKM Asset Finance Ltd is celebrating our 20th anniversary this year, which means we have been providing asset finance to the construction industry for 20 years!

Steve and Jackie Moody formed the company in 1997 as an asset finance brokerage at a time when finance brokers were few and far between, especially one that would specialise in financing construction equipment. However Steve already had 14 years of construction finance experience from his time at JCB Credit and Construction Equipment Finance whilst Jackie had 7 years’ experience with Barclays Mercantile and Construction Equipment Finance.

From humble beginnings trading out of a spare bedroom, the business has grown over the past 2 decades and we now arrange around £30m of asset finance each year. Over the past 20 years we have arranged more than £475 million of asset finance, predominantly on construction equipment.

We currently have over 35 finance companies on our panel of funders which enables us to place over 98% of all proposals that we receive, a figure we are very proud of.

Whilst many finance companies and banks took shelter during the 2008-2012 recession, by either not lending at all or on restricted terms if they did, SKM were continuously supporting our customer, dealer and manufacturer partners. Not only did we fund equipment when others wouldn’t but we supported our customers who had financial difficulties by rescheduling their existing finance agreements or by providing cashflow solutions. 

SKM has a team of 8 regional agents and we are probably the most experienced team of specialist construction finance professionals in the UK. This month we have taken on a Sales Development Manager to assist in building the SKM brand.

We have exhibited at both Vertikal Days and Plantworx in 2017 and have already booked to exhibit at Hillhead in 2018.

It is important to support the industry by exhibiting at these types of show’ states Jackie. ‘We know we can add a competitive advantage to manufacturers and dealers with our sales-aid finance proposition’.

Steve adds ‘to demonstrate this support we are members of the Construction Equipment Association (CEA) and the Construction Plant-hire Association (CPA) and recently became members of the Lighthouse Club’.

Asset finance is an extremely important part of the construction equipment buying process and we would be delighted to talk to you about the services we can offer or to provide you with a competitive quotation.

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