JCB Finance marks 50th anniversary with pledge to raise £50,000 for charity

JCB Finance was launched on February 12, 1970 under the name JCB Credit. Since launching, it has funded the acquisition of more than 250,000 new and used JCB machines for customers.

Last year, JCB Finance celebrated another milestone when, for the first time in its history, the amount being lent to fund the purchase of machines broke through the £1 billion barrier.

It is listed in the annual Asset Finance 50 UK, which ranks the largest asset finance companies in the country and last year won the coveted European Captive Finance Lessor of the Year Award at the 2019 International Asset Finance Network Awards.

JCB Finance managing director Paul Jennings – who has worked for the firm for 41 years – said: “As we turn 50, we want to say a special thankyou to our customers and dealers for their trust in allowing us to handle billions of pounds over the years on their behalf. Some businesses have dealt with us for three generations, which reinforces our belief that our efforts are trusted as knowledgeable partners.”

Photograph: JCB Finance managing director Paul Jennings, an employee of 41 years, with some of his fellow colleagues who have also served over 30 years; David Powell, Steve Hulme, Sharon Hall, Jon Wheeler and Jon Hall, cut the cake to celebrate the 50th anniversary of JCB Finance, alongside the JCB micro excavator being auctioned in aid of the NSPCC.