Tamworth-based Shire Leasing is exploring a sale or external investment in the business to access further lending capital.

According to a source close to Shire, constraints on the lessor’s further growth are down to the availability and reliability of competitively-priced capital, provoking the research on investment options for the business.

Leasing Life understands that Shire have commissioned consultants RSM, to prepare an Information Memorandum to send to likely investors in the UK and overseas.

The result could potentially result in a sale in all or part of the business but is tentative while the management reviews the options and what value that would create to fund business expansion into the future, sources said.

In April of this year the funder obtained a credit line worth £37.4m (€40m) to Shire Leasing from the British Business Bank (BBB), part of the BBB’s Enable Funding programme for SMEs.

That transaction followed on from the £40m (€45m) block line funding provided by the British Business Bank’s commercial arm in late 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

In September, Shire Leasing reported that its loan book had reached £100m (€113m).

The company holds vendor finance relations with AC manufacturer Daikin and IT retailer Ebuyer, among others.