View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Companies
March 7, 2017

Hitachi Capital provides stock finance to mobile home manufacturer

Hitachi Capital Business Finance has provided a stock finance facility to Omar Group, a manufacturer of park homes, holiday lodges, and mobile homes.

By Saad Ahmed

Hitachi Capital Business Finance has provided a stock finance facility to Omar Group, a manufacturer of park homes, holiday lodges, and mobile homes.

The stocking facility consists of two programmes, one for show and stock units, and another for retail-sold units, filling their production schedule into 2018.

The Omar Group hopes that the long-term nature, 180 days for the first programme and 270 days for the second, will provide a cash flow advantage, and encourage industry growth generally.

Dean Westmoreland, chief executive at Omar Group, said: “We’re delighted that Hitachi Capital Business Finance has chosen to work with us exclusively.

“This new partnership will enable us to help some of our rapidly growing customers to fund stock homes and lodges, encourage growth within the industry, and further strengthen our position as market leaders.”

Gavin Wraith-Carter, managing director at Hitachi Capital Business Finance, said: “This quarter has been one of exciting progress for us and this contract gives us the potential to expand into new sectors.

“The new business win with Omar Group demonstrates the team’s exceptional levels of service and ability to fulfil specific requirements.”

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU