LPM Outsourcing (LPMO) has had its Standard and Poor’s rating upgraded to Above Average, the highest possible rating for a primary servicer of commercial finance.
The leasing and asset finance outsourcing firm had its leasing and loan administration reviewed by the ratings agency, which also examined improvements in the automation of key processes for clients.
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LPMO has also moved to larger offices in Uxbridge and added five new members of staff in the last six months, including two multi-linguists who between them speak Italian, French and Spanish.
Ian Dennis, business development director at the company, said: "2013 continues to be a strong business year for LPMO. We are seeing increasing levels of new client activity and there is a strong pipeline of opportunity in our key target markets. Securitisations and the alternative lending sector are also growing in momentum."
"LPMO have seen an increase in the number of enquiries from bank owned funders as they continue to rebalance their businesses. They are frequently choosing to run-off portfolios in areas and regions that are not targeted for growth. Outsourcing the management of the portfolio to a specialist lowers their costs but still ensures that they get maximum return on the assets during the lifetime of their leases."
The firm also recently achieved the International Standards Organisation certification for business continuity management system ISO 22301:2012, recognising its effectiveness in disaster recovery and certifying its ability to service client portfolios in full from an alternative site if there were a major incident at its offices.
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