Posted: Tuesday, 16 October 2018 @ 12:53
Rivers Leasing is to extend its loan note limit from £12m to £25m this month, in line with its plans for sustainable organic growth, and following another year meeting and exceeding targets.
Since its launch in 2011, Rivers Leasing has experienced strong and steady development. In the last two years alone its business origination has increased by 33% in 2017 and 37% in 2018. This year it has continued to build on its successes, ranking in the Financial Times FT1000 for the second year running and also featuring in the Financial Times FT 100, which recognises fast growing UK companies that are also making an impact on their industry or wider society.
Having adopted a carefully considered growth policy that reflects market demand for asset finance in order to help British SMEs to grow without exceeding the company’s capacity, Rivers Leasing’s financing structure is a combination of the industry traditional and the innovative. This includes a £12 million loan note programme listed on the Bermuda Stock Exchange, which it is increasing to £25 million this October in order to continue its planned development.
Ratan Daryani, Chairman of Rivers Leasing said: “We have always been very careful to manage the growth and development of Rivers Leasing with sustainability and security for all our stakeholders in mind. This year has seen us consolidate that growth with new members of the team and investment in our technologies, and over the next 12 months we look forward to implementing planned developments through additional funding, allowing us to continue our work supporting the growth of British SMEs.”
FIND OUT MORE ABOUT RIVERS FT 100 UK 2018 LISTING