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Ultimate Finance expands Asset Finance team with new Regional Director in Scotland

02-03-2022|By Ultimate Finance
Richard Hamilton and Rachel Foulis

Head of Sales Richard Hamilton and new Regional Director Rachael Foulis

Specialist asset-based lender Ultimate Finance has today announced further expansion of its Asset Finance team with the appointment of Rachael Foulis as Regional Director in Scotland.

Rachael joins the lender on the back of a record year which saw them provide funding of over £1.9bn to UK businesses, including a record annual performance for new business in Asset Finance of £46m and a record high Asset Finance loan book of over £75m.

Speaking about her new role, Rachael said, “I am delighted to be joining Ultimate Finance and to work alongside the Asset Finance team from their Edinburgh office to help keep business moving across the country. Their approach to asset-based lending through excellent service has helped create a strong reputation for them and I look forward to supporting businesses in Scotland with access to Asset Finance facilities”.

Head of Sales Richard Hamilton added, “It is a pleasure to welcome Rachael to our team. With her experience and impressive track record at Close Brothers Asset Finance and Leasing I have no doubt she will be a great addition as we continue our mission to support SMEs with the right funding solutions to help them meet their ambitions.”

2022 marks the lender’s 20th birthday with over £10bn of funding delivered for SMEs in this time. Having secured £220m of new wholesale funding facilities in recent months, the funder has the firepower, appetite and desire to support even more SMEs with the asset-based lending solutions they need to navigate the many challenges and opportunities that lie ahead.

To find out more about the lender’s range of funding solutions, visit

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