The Elite Ayrshire Business Circle

Tuesday, 19 September 2006


Allan Ross, Managing Director of the UK's largest independent general asset finance brokers First Independent Finance Limited

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Further expansion for asset finance broker

First Independent Finance Limited
Ayrshire-based asset finance broker First Independent Finance Ltd continues its rapid expansion with the announcement of substantial new business, staff appointments, and an innovative new service for personal customers.

The company has secured two new major national accounts with Kubota UK Ltd (tractor and groundcare products) and United Rental Systems, a network of around 300 quality independent rental companies offering car, van and minibus rental right across the UK.


First Independent Finance will be providing both Kubota and URS with financial packages to help their customers acquire equipment and vehicles.


This rapid expansion of First Independent Finance Ltd has seen the need for the company to employ a new National Accounts Manager to ensure its larger account clients get a co-ordinated support package.


John Morrison (54) has been appointed to take on the role of developing relationships with major UK suppliers of industrial equipment.


John brings to FIF a wealth of experience with 36 years in the banking and finance industry. He has previously worked with NatWest, Barclays, Bank of Scotland, Hitachi and De Lage Landen, specialising in developing national accounts.


First Independent Finance Ltd has also increased its Agricultural and Commercial sales team in the Ayrshire area, with the addition of yet a further Local Account Manager, Jamie Rankin (23).


Jamie was previously with the Royal Bank of Scotland and Abbey National.


"For some time it has seemed strange that we do more business in Kent and Aberdeen than we do here in Ayrshire" says First Independent Finance Ltd managing director Allan Ross.


"Some of that is due to customers not being aware of what we do in our home county, and we needed to resolve that by strengthening our Ayrshire team in order to help local businesses looking to raise funds for the purchase of cars, commercial vehicles, agricultural equipment, computers or other items of plant and machinery.”


And First Independent Finance are also expanding their financial services to personal customers, with the opening of the company’s new Loan Shop in Stewarton, staffed by Brian Kilpatrick and Gayle Neely.


First Independent’s rapid growth over the last nine years has given it increased purchasing power with the major banks and finance houses, which the firm can then in turn pass on to its customers in the form of cheap low interest rate loans.


At present, personal loans of up to £10,000 and hire purchase on cars are now both available from 3.99% flat rate - typical APR 8.9%. (Offer subject to credit approval, changes in money costs and legislation. Written quotations available on request from: First Independent Finance Ltd, 22 Dunlop Street, Ayrshire, Scotland KA3 5AT).


Managing director Allan Ross concludes: “First Independent Finance Ltd is now the UK's leading general asset finance broker and has written millions of pounds worth of business throughout the UK.


“We would now like to offer our low rate, personal and confidential services to local residents. Call in to our newly redeveloped offices in Dunlop Street, Stewarton, telephone 01560 482911, or visit us online at www.f-i-f.co.uk.”


First Independent Finance Ltd won Best Performing Business in Ayrshire in 2003 and 2004.



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AYR, Ayrshire
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