Specialist asset-based lender, which offers bridging and structured finance among its services, says the move follows “an acceleration in origination growth in the first 15 weeks of the year, with £32m of new asset finance facilities provided to businesses through hire purchase, finance lease or refinance solutions”. 

Ultimate Finance chief financial officer Neil McMyn (pictured) says: “Comparing the first quarters of 2025 and 2024, asset finance origination was up 70% and the momentum is continuing into the second quarter with strong support from our key introducer and broker networks powering our asset finance loan book above £120m for the first time.” 

Lloyds director Andrew Scott adds that the high street bank “is committed to providing securitised funding to the SME sector.”

Ultimate Finance, part of the Tavistock Group, secured £370m in wholesale funding across its full range of loans last year.