Ignition Credit

Business & Personal Asset Finance in Cornwall

Call Us: 01872 272900

Vacuum Excavator on Finance for Underground Solutions Ltd

By

Underground Solutions Limited is a utilities Contractor based near Hayle, Cornwall, founded in 2011 and run by husband and wife team, Jamie and Sam Warmisham.

It offers a rapid response service to utility companies such as Kier, South West Water and Western Power, providing teams of operators and machinery for emergency call-outs along with day to day works and larger planned projects.   The company now has a team of 26 employees who can be called upon day or night to assist at various locations, usually around the South West but sometimes as far afield as Leicester.

Over the years, Sam and Jamie have looked to Ignition to assist with financial packages for new purchases. Most recently, Ignition helped with the purchase of a vacuum excavator worth £500,000, which is already proving a sound investment.

Sam Warmisham comments: “As the business has grown, we’ve needed to invest in more equipment and vehicles, and can always rely on Ignition to provide us with a good deal and great service.  The team there are fantastic.  They make the whole process quick and easy, particularly now that they have all our information already on file – allowing for a very smooth transaction.”

Unique Solutions for Sellectronics

By

Sellectronics provides technology and electronic manufacturing services, including rapid prototyping and electronics design.  The company is based in Falmouth but supplies its innovative ideas and products to customers across the UK and overseas.

Since it was established 10 years ago, Sellectronics has grown considerably and now employs a multi-skilled engineering team of 20 and has a turnover of £2 million.

Ignition has supported this growth for the past 8 years by providing financial solutions to suit the company’s specific requirements, including assisting with the process of acquiring substantial grants from the EU’s European Regional Development Fund.

Sellectronics Technical Director, Jason O-Connell, comments:

“Cornwall is a great place to start a business as there are lots of funding opportunities and EU grants available. Also, the technology and engineering industry here is thriving. However, applying for funding can be a complicated process, and from my experience, banks just don’t want to get involved. 

“Ignition, however, has lots of experience in navigating these complex systems and will take the time to go that extra mile to find the very best solution for each business.”

Jason explains that when buying a new piece of equipment, eligible companies can obtain match-funding grants of up to 40% of the cost, but need to make the initial outlay themselves before the funds are awarded – a process that can take three months.  Ignition can help by providing bridging loans for this period so that the process goes smoothly without impacting the business.

Ignition has helped to fund various manufacturing equipment for Sellectronics over the years, including most recently a new pick n place machine for SMD components, the JUKI RS1.

Jason O’Connell adds:

“Ignition is our default funding route now.  We go straight to them with any funding requirements and trust them to provide the best solution.  Over the years they have demonstrated a good understanding of our business and our requirements, and that is invaluable to us.”

New Appointments at Ignition

By

Truro-based Ignition, a leading provider of vehicle and asset finance for UK SMEs, is welcoming four new members to its growing team.

The company, which offers finance for a wide range of assets from plant and machinery to vehicles and business equipment, has been featured as one of the region’s fasted growing companies in the Fast Growth 75 list for five consecutive years.

Tony Holton, who held a previous role at Ignition as Head of Broker, is returning to the company after 12 months with Close Brothers, where he has been working as Broker Development Manager covering the South West and Midlands.  In his new role at Ignition as Sales Manager, Tony will be managing and supporting the sales team, focussing on new sectors and markets for the company, as well as strengthening and consolidating its existing sales channels.

Ele Smith, who joins as Business Development Manager, is already an active member of the business community in the South West region, having worked at Santander for 27 years, most recently as Director of Transactional Banking and Liquidity for Bristol, Devon and Cornwall. At Ignition, Ele will be supporting SMEs from a wide variety of sectors, helping Ignition to further consolidate its strong customer base across the South West region. 

Also joining as Business Development Manager is Richard Bowley, who brings with him 27 years’ experience in the South West business community, including 11 years as Relationship Manager at Lloyds Banking Group where he was responsible for a portfolio of more than 200 SME clients across the region.  In his new role, Richard will be looking to maximise new business opportunities, predominantly across Ignition’s heartland in Devon and Cornwall.

Finally, Ignition is welcoming Sadie Hargreaves, who will be supporting the sales team as Sales Administrator.

Paul Caunter, Managing Director at Ignition, comments:

“It’s fantastic to be boosting our skilled and committed team with these new recruits.  Each of them brings them a strong track-record for delivering excellent solutions and forging lasting relationships with clients.  With a strengthened team we will be increasing our presence in the business community, maximising opportunities, and consolidating our reputation for outstanding customer service.”

The Ignition team

Top 10 for Ignition in Fast Growth 75

By

Ignition, the Truro-based provider of vehicle and asset finance for UK SMEs, is the 7th fastest growing company in the region, according to the annual Western Morning News Fast Growth 75 guide.  The company has enjoyed a number of years of success and expansion and has featured on the list for six consecutive years, but this year placed in the top 10 for the very first time.   

Compiled by accountancy firm KPMG, the list is the ‘who’s who’ for businesses in the Devon and Cornwall region that have grown and expanded, creating jobs and wealth. The Western Morning News comments: “The annual guide is a snapshot of the regional economy – it shows who is leading the way and the sectors that are reaping the rewards for all the investment they have put in to innovation, identifying new markets, people and infrastructure to build their businesses.”

Ignition’s Managing Director, Paul Caunter, comments:

“It’s fantastic to be featured on the Fast Growth 75 list for the sixth year running, and even better to have made the top ten this year.  Historically, the list is very fluid with only 31 out of the 75 companies from last year listed again this year, so to have performed so well for six consecutive years is an outstanding achievement.

“Without doubt, our continued success comes from our highly-skilled and focussed team, who are committed to delivering great financial solutions and excellent customer service.”

To view the full list of companies click here.

The Ignition team

About Ignition Credit

Registered Office
Sterling House,
Green Court,
Truro Business Park,
Threemilestone,
Cornwall,
TR4 9LF

Phone
01872 272900

Office Hours
Monday—Friday: 9:00AM–5:30PM