Total financing activity at Mann Island Finance has surpassed the £1bn milestone, demonstrating the firm’s motor finance lending capabilities.
The finance case that cemented the milestone moment took place at Alpha Motors in Wigan. To celebrate the moment, Mann Island Finance managing director, John Hughes, presented the customer with a voucher to pay for their first service.
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Under the ownership of Investec Bank, the business has evolved into a credible motor finance company working across the UK with franchised and independent dealers alongside selected finance brokers.
Commenting on the milestone, John Hughes, said: “Over the difficult last year, we stood side-by-side with our dealers and customers. We stayed open, kept lending and provided rapid forbearance support for people who wanted such help. Our loyalty to them was rewarded by growth that saw us double our market share.
“Having joined the business back in 2000, when Mann Island was a finance broker, the position we find ourselves in today as a rapidly growing challenger finance business is not one I had foreseen back then. It is true to say we have come a long way, but it is also true that, alongside the backing of our parent, Investec Bank, so much of our success as a lender relies upon the ‘can-do’ culture that made Mann Island a success as a broker. We are committed to working harder to help our customers.”
“Having joined the business back in 2000, when Mann Island was a finance broker, the position we find ourselves in today as a rapidly growing challenger finance business is not one I had foreseen back then. It is true to say we have come a long way, but it is also true that, alongside the backing of our parent, Investec Bank, so much of our success as a lender relies upon the ‘can-do’ culture that made Mann Island a success as a broker. We are committed to working harder to help our customers.”
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By GlobalDataIt was only in March that the company surpassed the £500m mark, with Hughes pointing to the combination of deep dealer insight and a committed parent as being crucial to Mann Island’s evolution.
