PVS Asset Finance is forecasting business growth after gaining regulatory approval from the Financial Conduct Authority (FCA).
PVS Asset Finance, a division of PVS Group founded by Marcus Puddy almost four years ago, is now able to transact business with regulated businesses - sole traders and partnerships - as well as private individuals.
Puddy, who launched the business as Puddy Vehicle Solutions (PVS), said: “PVS Asset Finance is now able to introduce private individuals, sole traders and partnerships to our panel of independent funders, where they will be able to obtain the finance they require to assist in purchasing new and used assets.
“Until now we have had to turn these opportunities away and have only dealt with non-regulated businesses, limited companies.
“Being approved by the FCA to transact with those typically smaller businesses and private individuals enables PVS Asset Finance to really make a difference, particularly to those firms that may require additional support when making financial decisions as they may not employ a financial director, for example, so would benefit from our knowledge and contacts within the industry.
“Furthermore, company directors, for example, perhaps wishing to acquire a new car will be able to fund it through our partners and PVS Asset Finance will not have to act as an introducer to third parties.”
PVS Asset Finance was launched last year following the recruitment of Paul Tregale (pictured) as sales director and Imma Matcham as asset finance assistant.
The division has more than 38 years combined experience within the financial sector and prides itself on delivering a first class customer experience.
Tregale said: “PVS Asset Finance is part of the wider PVS Group that specialises in all things fleet - consultancy, procurement, management and strategy.
“We therefore have strong relationships with motor manufactures and franchise dealers which enables us to source new cars and vans at hugely competitive prices.
“This can be of great benefit to many of our clients who may not have the buying power to achieve the same levels of discount. We can therefore offer the complete end-to-end package from funding and procuring vehicles to modifying and signwriting, if required.”
The FCA is a financial regulatory body in the UK, but operates independently of the UK Government. It is the conduct regulator for 58,000 financial services firms.