Dawsongroup Finance, a Ringwood-based asset finance company, has had an exceptional year of growth despite the economic issues, with a growing team and reaching financial new heights.
Since the start of the year, the company has expanded its team by 50%, closed a record number of deals, and reached internal profit goals well before the financial year end.
Dawsongroup Finance started the financial year off on a great note, with April being the best-performing month of the year. The trend continued, with their current closed deals sitting at an impressive 164, which equates to one deal per day this year alone.
The volume of business saw them soar past their annual profit goal, and hit 117% of their target by July.
Not only did Dawsongroup Finance reach these impressive financial heights, but they were also named as finalists for two awards, The British Business Awards and Asset Finance Connect Summer Awards 2023.
Kevin Wills, Managing Director at Dawsongroup Finance, says: “This year has brought many exciting milestones, and I am exceptionally proud of everything we have achieved. From bringing on new team members, reaching internal goals well before the end of the financial year, and being named as finalists in two prestigious awards – 2023 may be one of the best years we have had yet.
“The success that we have seen this year is a great testament to the businesses who are playing it smart, by remembering that cash is king in order to survive and continue to grow. We are seeing businesses feeling more assured and positive about the future, making use of our smart finance solutions to secure the assets they need to thrive and grow.”
To keep up with their ever-expanding client base, which has increased by 45 clients this year alone, the finance group took on five new colleagues, four sales team members and one operations team member.
This year has seen significant growth in demand from small businesses, with Dawsongroup Finance’s flexible solutions supporting many SMEs facing financial challenges during this period of high inflation and high interest rates.
Building on their traditional base of hard and wheeled assets, Dawsongroup Finance is now branching out into financing sustainable energy equipment, working with newly formed sister company Dawsongroup Power Solutions; a move reflecting the huge growth in the green energy sector with the push to net zero across industries.
Matthew Bull, Commercial Manager at Dawsongroup Finance, said: “Watching Dawsongroup Finance grow and exceed expectations over the past 5 years has been incredibly rewarding and this financial year has been beyond exceptional. I am positive that it will continue to get better from here.
“Our team is working on several exciting things, including branching out even further into the renewable energy sector, which we are expecting to bring in incredible business for not only our division but the whole group.”
To find out more about asset funding options, Dawsongroup’s Smarter Asset Strategy, or employment opportunities, contact Dawsongroup Finance at info@dawsongroupfinance.co.uk or visit dawsongroupfinance.co.uk.
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