Haydock Announces Solid First Half Performance
Haydock Finance has announced a robust performance over the first half-year, with a significant increase in lending volume and a large recruitment drive.
Despite competitive market conditions, Haydock’s strategy to accelerate organic growth has delivered a loan book size of £550m as new business levels exceed expectations. The expansion in lending has been reflected by an increase in recruitment, which since January 2022, has seen a 20% increase in workforce.
Haydock's growth rate has also been recognised by the industry as they were titled Highest Percentage Growth Rate Over 3 Years at the Asset Finance Connect Awards.
CEO John Jenkins comments: “We are very pleased with our continued growth and progress through the first half of 2022. Our asset finance business continues to focus on delivering ever improved service to our brokers and borrowers, and it’s great to see this rewarded by record levels of origination. We have seen good traction for our Stock Finance business, and the recently negotiated £50m funding line with RBS will allow us to continue the strong growth. We are delighted with how our team is developing and the business is carrying real momentum into the second half of the year.”
Sales Director Andy Taylor said: “We have heavily invested in people to support our expanding sales channel and commitment to improving customer experience. I am proud to be heading into H2 with a very talented team, across the business, who possess strong leadership and an exceptional dedication to placing the introducer and their customer at the heart of our business.”