Ultimate Finance has announced the appointment of Paul Hansen as the newly created asset finance sales director.
The UK-based specialist lender said the move aims to bolster the company’s broker-first growth strategy and enhance its leadership team following a period of record-breaking expansion in its asset finance loan book.
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Hansen steps into this role with more than 30 years of experience in asset finance sales, having held senior leadership roles at companies such as Novuna Business Finance, Aldermore Bank, and Shawbrook Bank.
At Ultimate Finance, his responsibilities will include spearheading the asset finance sales strategy, driving new business growth, and enhancing engagement with the group’s broker network across the nation.
Ultimate Finance Group head of sales Andrew Ribbins said: “Paul’s decades of asset finance experience and broker insight make him a great fit for our values. His passion for developing talent comes at an exciting time as we scale our Asset Finance proposition with brokers.”
Commenting on his appointment, Hansen said: “Ultimate Finance is committed to investing in people and driving significant, sustainable growth through strong, meaningful partnerships with our broker network.
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By GlobalData“I’m delighted to join the senior leadership team, and my focus is on elevating the profile of Ultimate Finance to our existing broker network and forging new introducer relationships. The future holds tremendous promise, and I’m excited for the growth journey that lies ahead.”
The appointment comes after Ultimate Finance reported its “highest ever” half-year origination results.
The company recorded £126m ($170m) in new business lending, reflecting a 15% increase compared to the same period in 2024.
The asset-based lender reported positive results across all business sectors during this time.
In the first half of the year, the company’s lending book grew to £357m.
Additionally, Ultimate Finance increased its maximum invoice finance facility size from £7m to £10m to cater to larger funding needs, aligning with recent product improvements.
The company also introduced enhancements in its bridging finance offerings, including reduced pricing on development exit facilities and a new light-touch refurbishment option, offering up to an 85%-day one loan-to-value ratio.
