Kennet Equipment Leasing Limited (“Kennet”), one of the leading independent equipment finance providers to small and medium-sized enterprises (“SMEs”), has signed a £50m committed financing facility to provide financing to UK SMEs. The innovative financing facility is provided by Commerzbank backed by a guarantee from the European Investment Fund (“EIF”).
Kennet Equipment Leasing has achieved £20 Million in Own Book receivables – well ahead of target. Acquired in June last year by STAR Capital (“STAR”), Kennet has had considerable investment, meaning that they are now not only a leading independent finance broker, but can now be considered as a “challenger
STAR Asset Finance Limited has appointed Steve Swift – current MD of Kennet Equipment Leasing – as Group CEO.STAR has been on the acquisition trail since July 2014 – when it acquired Kennet – as it builds an enviable stable of UK-based SME finance providers. Kennet was swiftly followed by
Kirsty Garner in our admin department ran the London Marathon on Sunday 21st April in an impressive 5 hours 24 minutes. She “went viral” with our tweet from Harry Moseley’s mum, to nearly 85,000 followers, which was the charity she was running for. (#HHHO). DONATIONS CAN STILL BE MADE AT
Kennet’s Christmas email campaign raised £500 for the nominated charity last year, which again was Acorn’s Children’s Hospice. Financial Director Maria Swift popped along to hand over the cheque at the Acorn’s branch in Selly Oak. Pictured is Maria with Ellie Griffiths, Corporate and Partnerships Manager at Acorns Children’s Hospice.
Underwriter and bike lover Ray Joiner has decided to cycle the London-Edinburgh-London Audax bike race in July. The 875-mile route has to be ridden unsupported and within a time limit of 4 days and 20 hours. He will be cycling to raise funds for Doris Banham Dog Rescue (www.dogsos.co.uk). More