Truro-based Ignition, a leading UK provider of vehicle and asset finance for SMEs, is welcoming a new asset finance provider to its group, which will help to strengthen its offering in the East of England. Ignition’s parent company, STAR Asset Finance Ltd (SAFL), has completed the acquisition of Credo Holdings Ltd, an independent asset finance provider based in Norwich.
The transaction will see Credo join forces with Ignition, as well as sister asset finance companies Kennet Equipment Leasing in Birmingham, and First Capital Finance Limited in Bournemouth. Together, the SAFL group is set to generate over £200m annually in new business finance.
Ignition’s Managing Director, Alan Tutte, comments:
“We’re very pleased to welcome Credo to the SAFL group. With its strong track record in the regional market, and particular specialism in vehicle and agricultural finance, Credo will fit very well within the team and will help us achieve our growth ambitions.”
For more details from SAFL visit http://www.ignitioncredit.co.uk/star-asset-finance-ltd-completes-the-acquisition-of-credo-holdings-ltd/