Equipment Finance News

Portman Finance Group acquires new flagship head office

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Portman Finance Group has acquired a new 43,000 square foot flagship head office opposite Barclaycard on ‘Northampton Business Park’ to support the continued growth of the business.

Portman continues to go from strength to strength despite the challenging economic environment.

The firm’s headcount has doubled in the last 18 months across Sales, Credit, Marketing, Finance, Sales Support, HR and Client Relations teams.

The business continues to grow under the leadership of Alex Read (MD), Simon Pratt (Director of Strategy and Operations) and Ben Laidler (Sales Director), with support from the firm’s broad executive committee.

Portman Asset Finance was established by MD Alex Read in 2007 with the aim of providing a complete range of finance solutions for small and medium businesses, an alternative to traditional bank lending. This rapidly growing company now operates its own lending arm and operates a luxury car finance division as well as sourcing almost £1bn in funding for well over 12,000 businesses.

Alex Read (pictured) said: “Our post-pandemic strategy has yielded significant growth within the business over the last few years. We have adapted well to the changing needs of our customers against a challenging economic background and continue to grow and expand our product offering”.

Simon Pratt added: “Purchasing a flagship office is not only a statement of intent for Portman, but a demonstration of Portman’s long-term commitment to our business customers as the firm continues its growth into a leading hybrid broker-lender”.