United Trust Bank (UTB) Asset Finance has agreed to a £900,000 ($1.18m) funding arrangement with a plant hire small and medium-sized enterprise (SME), aimed at enabling the company to grow its collection of scissor lifts to address higher customer demand.

The transaction was facilitated by UTB business development manager Kerry Pickering and senior underwriter Rob Irving, who worked alongside the introducing broker familiar with the bank from previous dealings.

This existing relationship reportedly allowed the bank to move quickly in assessing and finalising the agreement, ensuring the financing matched the business’s needs. 

Pickering said: “UTB has an appetite for all manner of proposals, from £50k flow deals to complex multi-million acquisition and refinances. At UTB we understand that strong broker relationships are the key to successful outcomes, especially on larger and more complex deals.

“We value the knowledge and skills a broker brings to a transaction and the trust they place in us to deliver a great solution for their customers.”

In August 2025, UTB Asset Finance extended a finance package worth £252,000 (approximately $339,948) to a geospatial mapping company.

The funds will be used for the acquisition of a new Trimble MX60 Pro mobile mapping system, which features dual spherical and pavement cameras, a rapid scanner, relevant software licences and staff training.

Incorporated in England in 1955, United Trust Bank is a specialist lender and provides development finance to housebuilders in the SME sector. 

In 2001, it was purchased by Anglo-Dutch banking entity Insinger de Beaufort, led by deputy chairman Graham Davin and CEO Harley Kagan.

A management buy-out in 2004 returned the bank to private ownership.