Change of ownership, no slowdown: Asset Finance for Scottish transport growth

A Scottish transport success

Established in 1985 with the launch of their taxi business, this Aberdeenshire operator has grown into a trusted name across Scotland. Today they run a large fleet across multiple services, including coach operations, with a reputation built on reliability, community ties and great customer service.

Turning change into opportunity

Following a recent change of ownership, the business needed to secure funding for a range of vehicles to maintain capacity and meet demand. Timelines were tight, so they required a funding partner who could understand the situation quickly and deliver with confidence.

Funding facilities built around their business

Introduced by trusted partner Futurity Finance, with whom we’ve worked for over five years, Ultimate Finance was chosen for our responsiveness and collaborative approach. Regional Director Jamie Glenn led the deal from first conversation to completion, providing clear communication, direct access to decision makers and a solution tailored to the business’s needs.

Simple. Effective. Done.

Working closely with the broker and the client, we structured a straightforward £102k Hire Purchase facility to keep the fleet moving without disrupting cashflow. Jamie explains, “Our tailored Asset Finance solution enabled the acquisition of seven minibuses and supports the business’ cashflow requirements with the benefit of manageable monthly repayments rather than have to part with much-needed working capital from day one”.

He continues, “By coordinating swiftly with all parties and keeping our process seamless, we delivered a fast turnaround that gave the new owners the certainty they needed from the start”.

Rory Boyd from Futurity Finance adds, “The experience was excellent from start to finish. The business had only recently been bought by the new owners, which added extra complexity compared to a standard application. While other funders were hesitant that they would be able to turn it around within the required timeframe, Jamie Glenn from Ultimate Finance took the deal on and made it happen. He was fantastic to deal with – professional, responsive, and extremely prompt at every stage. From initial inquiry through to completion, this was the fastest turnaround I have ever experienced in finance. The whole process was seamless and efficient, and I would highly recommend Ultimate Finance to anyone needing a reliable and fast funding solution.”

Growth, delivered

With the funding in place and the new minibuses on the road, the business is set to continue its growth and keep serving its loyal customer base across Aberdeenshire – strengthening reliability, supporting new routes and building for the future.

Looking for Asset Finance that keeps a fleet moving? Speak to our team about our range of Asset Finance solutions tailored to match a business’ ambitions.