Ultimate Finance backs transport operator with asset finance deal

Ultimate Finance has provided a £102,000 Asset Finance facility to support the continued growth of an established Aberdeenshire transport operator following a recent change of ownership. The funding enabled the acquisition of seven new minibuses, ensuring the company could maintain capacity, meet customer demand, and keep its fleet moving without impacting cashflow.

Founded in 1985 as a local taxi firm, the operator has expanded into a well-known Scottish transport provider, offering a range of services including coach operations. Renowned for its reliability, community focus, and customer service, the business continues to grow under new ownership.

After the ownership change, the company faced the challenge of quickly securing vehicle funding to sustain operations. Introduced by long-term partner Futurity Finance, Ultimate Finance was selected for its speed, flexibility, and hands-on support.

Regional Director Jamie Glenn led the deal from start to finish, structuring a straightforward Hire Purchase facility that preserved the company’s working capital while enabling rapid delivery of the vehicles.

“Our tailored Asset Finance solution enabled the acquisition of seven minibuses and supports the business’s cashflow requirements,” said Glenn. “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 of Futurity Finance praised the collaboration, adding: “This was the fastest turnaround I have ever experienced in finance. 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 – professional, responsive, and extremely prompt at every stage.”