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£1b milestone pass for second generation specialist lender

Northern Lincolnshire’s specialist broker Victor Finance has passed the £1 billion lending milestone.

Launched in 1985, with a focus on transport operations in Grimsby and Immingham, the company’s roots stretch back to 1979 when it came to going it alone in the sector for the founder, John Williams. Victor now accelerates into 10-figure territory 12 months on from the acquisition of East Yorkshire Asset Finance, with the strong growth in the wider Humber having seen it crowned Northern Lincolnshire’s Small Business of the Year in May.

Family-owned, from the first deals with small road freight businesses around the docks, it is now one of the leading independent asset finance brokers in the UK. It operates from the former NatWest bank premises in Brigg Market Place, having acquired it in 2020.

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Stuart Williams, director, said: “It’s hard to compute breaking through £1 billion in funding. It’s such a large number and genuinely a great achievement for a small business like ours to have accomplished.

“We’ve never taken the time to quantify our lending in this way, the successes we’ve experienced as a team have always just been a result of ‘doing what we do’. They’re a result of the work we live and breathe every day, based on the principles the company was founded on. To reach this milestone, for us, means that the team has been able to help thousands of customers achieve their goals since 1985. What a fantastic thing to be able to celebrate.”

Founded by his father John, at his Hibaldstow home, customer referrals have been described as key throughout. “Looking after customers has been the key to our success,” Stuart said. “Initially serving customers based in Grimsby and Immingham, our reach may well have expanded over the years but our dedication to upholding our founding values hasn’t wavered.”

Launching its own lending book saw it open the door to referrals from other sectors and geographical areas.



Victor Finance's Brigg office, in the former NatWest Bank.
Victor Finance’s Brigg office, in the former NatWest Bank.



Inside the former banking hall.
Inside the former banking hall.

Lauren McQuilken, business development manager at City-based United Trust Bank, said: “Victor Finance is a long-standing and key introducer of asset finance to United Trust Bank. Victor Finance is a pleasure to work with; they are consistently professional and ensure their customers are always at the forefront of what they do – we are thrilled to see them mark the £1 billion lending threshold.

“The Victor Finance team is leading the charge within the industry in supporting SMEs, not only in their local area but UK-wide. United Trust Bank has been fortunate enough to witness this business’s growth and continued success throughout the years. With a team of aspiring individuals and leaders, we are nothing but excited about what the future holds for Victor Finance.”

Original artice – https://business-live.co.uk/all-about/yorkshire-humber

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