acquired
Power Leasing, believed to be the UK’s oldest leasing broker,
had been acquired by WestWon Capital, a vendor lessor.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Jeremy Hall, WestWon Capital’s chief executive officer, said
“There were two main reasons for acquiring the company. One was for
the end user lessee base. It was interesting undertaking the due
diligence. Some of the customer files originate back to the early
1980’s and there was a strong history of repeat business.
“The second key reason is that I proactively wish to move away
from financing of office equipment assets. Nearly all of the new
business being introduced to Power Leasing over the last few years
comes from a variety of sectors where I have had little
exposure.”
Established in 1976, the MD and founder of Power Leasing,
Richard Ellis, transacted his first lease agreement with Schroder
Leasing.
Ellis retired in 2000 and passed the responsibility of running
the company over to his son-in-law, Jonathan Willder, who developed
the business until his decision to sell to WestWon Capital.
Hall is well known in the industry having been instrumental in
the development of Wyse Leasing, a computer leasing broker with
offices around the UK. His interests have widened since 2000 where
he has invested in a number of other unrelated businesses.
