Tower Leasing reaches £200m own book lending milestone

Tower Leasing has today announced it has surpassed £200 million in gross receivables through its own book lending, marking a major milestone in the company’s evolution from finance broker to fully integrated asset funder.

The achievement reflects more than a decade of transformation since the company first launched its direct funding capability in 2013. Today, a majority of Tower’s finance agreements are funded through its own book, underscoring the company’s long-term strategy to gain greater control over its operations and deliver enhanced value to partners and SME clients across the UK.

Reaching the £200 million mark is a moment of real pride for all of us at Tower Leasing,” said Kerry Howells, CEO. “It reflects not only our financial growth, but the progress we’ve made in building a stronger, more capable business. Behind this number is an extraordinary team that has worked tirelessly over the past three decades, whose commitment was instrumental in launching our own book in 2013 and shaping the business we are today. Like most businesses, we’ve faced our share of challenges, but we’ve always remained focused on growing sustainably and building something that lasts. I’m especially grateful to our vendors, many of whom have worked with us for several years. Their continued support and trust have been instrumental in helping us expand our reach and deliver real value to the businesses we serve.”

Tower’s growth has been fuelled by a combination of organic expansion and investment in technology. At the core of this transformation is Tower Extra, a proprietary portal developed in-house to streamline partner and customer experiences. With real-time proposal tracking, intelligent credit scoring, and faster processing, the system has significantly enhanced operational efficiency and improved the overall funding journey.

The company has also strengthened its financial base through a series of strategic institutional partnerships. These include £46.75 million secured through the British Business Bank’s ENABLE Funding programme, a £25 million block discounting facility from British Business Investments, and a £50 million Integrated Wholesale Funding Agreement with Conister Bank. These partnerships have boosted Tower’s lending capacity and supported the company’s growing share of SME finance.

Founded in 1989 and headquartered in Bracknell, Berkshire, Tower Leasing now serves a wide network of vendors, brokers, and small to mid-sized enterprises across the UK. The business has supported more than 50,000 companies over its lifetime and continues to expand its footprint with new products, strategic alliances, and advanced tech-driven capabilities.