Shire Leasing has announced it has Top Hybrid Funder of the Year at the 2017 Leasing World Awards. The award recognises Shire Leasing as the leading company that has most successfully increased their Own Book funding portfolio and has now surpassed the 50% barrier of own-book to brokered deals, a great achievement for a truly independent company.
Starting as a broker in 1990, the first Own Book transactions were completed in 1997. In 2017, almost 56% of Shire’s new originations were written to Own Book. The achievement leads on from a string of monumental milestones throughout the year for Shire Leasing. In April 2017, Shire secured new funding of £37.4m from The British Business Bank ENABLE Funding programme. In addition, British Business Investments, the commercial arm of the Bank, provided funding of £6.6m under its Investment Programme.
More recently in September 2017, Shire Leasing declared that their Own Book Gross Receivables had surpassed £100m, a noteworthy landmark and a key consideration in being awarded Top Hybrid Funder.