Barclays Asset & Sales Finance continue to drive the asset based lending market forward

From: Barclays Asset & Sales Finance
Published: Wed May 09 2007

Barclays Asset & Sales Finance is delighted to have been awarded ‘Best Leasing & Asset Finance Provider’ by Business Moneyfacts magazine for the sixth consecutive year

The award comes at a time when businesses are facing increasingly competitive and fast-changing market conditions as the face of UK industry continues to develop. Reports continue to highlight that businesses are under constant pressure to keep up-to-date with new technology, legislation and working practices, placing even greater strain on cash flow and operational funds. Alongside this, businesses continue to need new solutions to meet strategic goals such as expansion, acquisition and MBOs.

Barclays has proven expertise in helping companies to overcome these difficulties through the provision of flexible, innovative and highly effective financing solutions. Not only does a tailored solution enable companies to purchase the assets they need when and how they want, manage their cashflow or release valuable working capital, they can also provide an immediate boost to business, encouraging growth and new developments.

The award recognises the factors which have helped to make Barclays Asset & Sales Finance (BA&SF) stand out from the competition. The Barclays Asset & Sales Finance division has always prided itself on its ability to provide a network of business knowledge and expertise, which allows for the development of innovative approaches and provide solutions to meet customer needs, however simple or complex, using a range of Barclays quality products.

It is becoming increasingly important for finance organisations not to just offer a simple range of products, from which a customer must choose. Beyond innovation and having the capability and expertise to deliver, Barclays believe that a key factor behind winning the Business Moneyfacts award lies in an understanding of their customers requirements and then providing them with solutions and service at a speed that really meet their needs.

Getting ahead by listening to and understanding the customers businesses and challenges, means that Barclays Asset & Sales Finance can then seek to effectively use all the resources at their disposal across BA&SF and the rest of the Barclays group to ensure customers can meet their goals. – Increasingly, leasing and invoice finance are being used in partnership to provide a viable source of funding to make strategic business changes and acquisitions possible.

Keith Sangwin, Sales Director at Barclays Asset & Sales Finance, commenting on the factors he felt underlay the award decision, said, "Although businesses today have a very wide range of financing solutions and suppliers available to them, they are increasingly looking for an integrated mix of products to fund their day-to-day working capital finance needs as effectively as possible. Our portfolio includes products that are flexible, offer tax benefits and can be tailored to help each organisation meet its specific goals."

A Barclays spokesperson added that one of the major advantages for Barclays Asset & Sales Finance customers is the ability to be able to package deals, making full use of Barclays wider banking network. Barclays constantly strives to ensure that they have the best tools to meet and exceed customer needs; this means that in some cases, the solutions are focussed on addressing more than just an immediate finance need.

About Barclays Asset & Sales Finance:

Barclays Asset & Sales Finance is part of the Barclays Bank Group. The company specialises in providing innovative, flexible finance solutions to help businesses grow through releasing working capital via sales ledgers or stock inventory, or by the finance of business assets such as cars and commercial vehicles, IT, plant and machinery. Backed by 70 years’ experience, Barclays Asset & Sales Finance has served over 34,000 customers, from small businesses to major PLCs.

In 2007, the company was awarded ‘UK’s Best Leasing & Asset Finance Provider’ by Business Moneyfacts Magazine for the sixth consecutive year

Barclays Bank PLC is registered in England. Registered Office: 1 Churchill Place, London E14 5HP. Registered No: 1026167. Barclays Bank PLC is authorised and regulated by the Financial Services Authority. Barclays Asset & Sales Finance, a division of Barclays Bank PLC.

Barclays PR Contact:
Sara Appleton
Barclays Asset & Sales Finance
Churchill Plaza
Churchill Way
RG21 7GL
0800 616169
Company: Barclays Asset & Sales Finance
Contact Name: Sara Appleton
Contact Email:
Contact Phone: 0800 616169

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