Independent prestige vehicle
finance specialist Bridford Financial Solutions has recruited
Barrie Hyde to develop the business.
Hyde is recognised as the man
responsible for bringing Ferrari Financial Services to the UK
market in only five months,
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The company, which expects to
write more than £30 million in business by the end of the calendar
year, and which achieved a record £3.83 million sales total in
September, hopes to use Hyde’s experience to grow its presence
among the UK’s top 200 dealer groups.
In the seven years leading to
2008, Hyde was responsible for growing the turnover of Bentley
Financial Services from £6 million to £60 million
annually.
In a wider context, Bridford
is benefitting from the national trend of increased demand for
prestige vehicle finance.
The company has benefitted
from offering variable-rate dealer finance products where it sees
no competition from banks and other lenders.
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By GlobalDataBridford has traded for 10
years and has relationships with around 50 dealer
groups.
Hyde said: “I approached
Bridford to offer my services because it is a company maturing very
quickly and becoming a major player in motor finance in the UK with
enormous potential in the prestige arena.”
“In this tough economic
climate it is very important to have as many credit line options
open as possible.
“At a time when the high street banks are keeping funds
back for other uses, it is important dealers use a luxury car
specialist like Bridford to clinch deals.”
