20% YY growth
Hampshire-based Rivermore Asset Finance has introduced
electronic documentation and launched a new quote calculating tool
called Rivermore ProTools Calculator.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The quotation system is used by Rivermore’s manufacturers and
suppliers – who source 95 per cent of its business – who then offer
the finance to the end-user customers on behalf of Rivermore.
“We’ve developed this piece of software so that our
suppliers can manipulate fixtures, terms, rates of asset finance
products, as well as asset maintenance requirements and repurchase
undertakings,” Adrian Langford, director at Rivermore Asset
Finance, said.
“Also, every time they open the calculator it taps into our
server, which picks up the up-to-date rates. This is particularly
important in these times where rates can essentially change
hourly,” Langford added.
Rivermore Asset Finance was launched in March 2004 by Langford
and Nigel Pratt, both from BNP Paribas Lease Group, where they
played a significant role in the development of the materials
handling sector. The company claims to have grown by 20 per cent
year-on-year since then.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe lessor seeks to limit risk by ensuring up to 20 per cent of
its loans are to the public sector, including government agencies,
local government and NHS Trusts.
Unique to the UK SME leasing market, Rivermore also offers
bundled lease agreements that include maintenance services, which
are handled by its manufacturers and suppliers.
Katherine Gregory
