Praetura today unveiled its new direct financing offering, Praetura Direct Finance. The new company was formed to help UK companies in the bus and coach industry find the right financing for their vehicles and equipment, as well as to help with refinancing for consolidation and expansion purposes.
Based in Manchester, the new company will be led by bus and coach finance specialists Guy Wadsworth, Scott Burke, Paul Ricci and Donna Street. The firm’s managers bring together in-depth knowledge of the sector, having previously worked together within the Mistral Group, where they were key players in the development of Mistral Asset Finance.
The new company, which will sit within Praetura’s existing debt division – currently comprised of Praetura Asset Finance (PAF) and Praetura Commercial Finance (PCF) – will offer a broad portfolio of internal loans as well as key partnerships with many many major banks and alternative finance providers. .
Guy Wadsworth, Commercial Director of Praetura Direct Finance, said: “We are delighted that Praetura Direct Finance is now open to businesses and we look forward to helping companies in this industry find the best financing solutions to meet their needs. .