Close Brothers Asset Finance
- Company typePrivate
- Founded1987
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingServices
Close Brothers Asset Finance firmographics
Firmographics- Name
- Close Brothers Asset Finance
- Legal name
- Close Brothers Limited
- Website
- https://closeassetfinance.co.uk
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Close Brothers Asset Finance industry classification
Industry- Product category
- Asset Finance
- NAICS
- Sales Financing (52222)
- SIC
- Finance Lessors (6172)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
Keywords
Where Close Brothers Asset Finance is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Close Brothers Asset Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Asset Finance Services: Close Brothers Asset Finance generates revenue through various asset financing mechanisms including Hire Purchase, Refinancing, Finance Lease, and Operating Lease arrangements. These services enable businesses to acquire assets by spreading costs over time or providing cash injections through refinancing existing assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Asset financing services with customized terms |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Close Brothers Asset Finance product offering
Product offeringCore offering
Close Brothers Asset Finance provides asset-based funding to UK businesses, offering Hire Purchase, Refinancing, Finance Lease, and Operating Lease arrangements that enable commercial customers to acquire vehicles, machinery, and equipment while spreading costs over time or releasing capital from existing assets. The business also retails ex-lease vehicles and equipment through its Assets for Sale channel across categories such as cars, agriculture, construction, manufacturing, and transport.
Product overview
Close Brothers Asset Finance offers a single unified asset finance platform with multiple funding products designed to help businesses purchase assets and grow. The core portfolio includes four main finance products: Hire Purchase (spreading costs over time), Refinancing (cash injection from existing assets), Finance Lease (user benefits without ownership ties), and Operating Lease (flexible short-term options). Additionally, the company operates an Assets for Sale marketplace where ex-lease vehicles and equipment are sold across diverse categories including cars, agriculture machinery, commercial vehicles, construction equipment, manufacturing machinery, and specialty vehicles.
Differentiator
Problem solved
Functional benefit
Products and services
- Hire Purchase A funding arrangement that allows UK businesses to spread the cost of acquiring an asset over time, with ownership of the asset transferring to the customer upon final payment.
- Refinancing A funding solution that releases equity tied up in assets a business already owns, providing a cash injection that can be used as working capital.
- Finance Lease A lease arrangement that delivers the user benefits of an asset without the obligations of full ownership, with an option for the customer to purchase the asset at the end of the lease term.
- Operating Lease A flexible lease option aimed at businesses that want to keep their options open, with shorter-term commitments and the ability to upgrade assets at the end of the lease.
- Assets for Sale A retail channel offering ex-lease vehicles and equipment returned from the company's own finance book, covering cars, agriculture machinery, vans, construction and recycling equipment, manufacturing machinery, trucks, buses and coaches, trailers, printing machinery, and miscellaneous items.
Companies that use Close Brothers Asset Finance
Customer profileSegments23 records
Ideal customer profiles2 records
Close Brothers Asset Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Close Brothers Asset Finance partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Finance & Leasing Association (FLA)coreClose Brothers Asset Finance is a Full Member of the Finance & Leasing Association, the leading trade body for the asset finance, motor finance and leasing sector in the UK. Membership demonstrates industry standing and commitment to industry standards.
- Manufacturing Technologies Association (MTA)minorClose Brothers Asset Finance is an Associate Member of the Manufacturing Technologies Association, supporting the manufacturing technologies industry and building relationships with manufacturing sector customers.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Close Brothers Asset Finance competitors and assessment
Company assessmentDirect peers
- Aldermore Asset Finance: UK challenger bank's asset finance division providing hire purchase, leasing, and refinancing to SMEs. Comparable vertical coverage and target customer base.
- Lloyds Bank Asset Finance: One of the largest UK asset finance providers, offering hire purchase, leasing, and refinancing across multiple UK business verticals. Closest scale competitor with similar product suite and UK-wide coverage.
- HSBC Equipment Finance (UK): HSBC's UK asset finance division offering equipment leasing and hire purchase to businesses. Competes directly in similar middle-market segments.
- Barclays Asset Finance: Major UK high-street bank offering asset finance products (hire purchase, leasing) to businesses across multiple sectors. Direct overlap in customer base and product offerings.
- BNP Paribas Leasing Solutions UK: European leasing giant with UK operations providing asset financing for equipment, vehicles, and industrial assets across multiple verticals.
- NatWest Asset Finance (Lombard): Lombard is NatWest's asset finance arm, providing hire purchase, leasing, and asset loans to UK businesses. Strong direct competitor across similar industry verticals.
- Mitsubishi HC Capital UK (formerly Hitachi Capital): Major UK asset finance provider offering hire purchase, leasing, and asset loans across multiple industries. Comparable product breadth and UK focus.
- Investec Asset Finance: Specialist UK asset finance provider focused on high-value equipment and vehicle finance. Direct competitor in premium/executive vehicle and equipment segments.
Emerging players
- Koto (digital asset finance): UK-based digital asset finance platform providing faster, technology-led hire purchase and leasing solutions to SMEs. Emerging digital-native competitor that contrasts with Close Brothers' traditional phone-driven distribution.
Broad incumbents
- Siemens Financial Services (UK): Captive finance arm of Siemens providing asset financing for industrial equipment, manufacturing machinery, and technology — direct overlap in manufacturing and engineering verticals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Close Brothers Asset Finance social profiles
Digital presenceClose Brothers Asset Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Close Brothers Asset Finance leadership team
Management profileNumber of profiles
Profiles1 record
Close Brothers Asset Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Close Brothers Asset Finance M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Close Brothers Asset Finance
What does Close Brothers Asset Finance do?
Close Brothers Asset Finance provides asset-based funding to UK businesses, offering Hire Purchase, Refinancing, Finance Lease, and Operating Lease arrangements that enable commercial customers to acquire vehicles, machinery, and equipment while spreading costs over time or releasing capital from existing assets. The business also retails ex-lease vehicles and equipment through its Assets for Sale channel across categories such as cars, agriculture, construction, manufacturing, and transport.
Is Close Brothers Asset Finance a public or private company?
Close Brothers Asset Finance is a private company. It is classified as corporate owned and is currently operating.
When was Close Brothers Asset Finance founded?
Close Brothers Asset Finance was founded in 1987. It employs 251 to 500 people.
Where is Close Brothers Asset Finance based?
Close Brothers Asset Finance is headquartered in London, United Kingdom, in the Europe region.
How does Close Brothers Asset Finance make money?
One revenue line is on record: asset Finance Services.
Who are Close Brothers Asset Finance's main competitors?
Direct peers on record are Aldermore Asset Finance, Lloyds Bank Asset Finance, HSBC Equipment Finance (UK), Barclays Asset Finance, BNP Paribas Leasing Solutions UK, NatWest Asset Finance (Lombard), Mitsubishi HC Capital UK (formerly Hitachi Capital) and Investec Asset Finance. Koto (digital asset finance) is listed as an emerging player. Siemens Financial Services (UK) is listed as a broad incumbent.
Does Close Brothers Asset Finance have an API?
No public API is recorded for Close Brothers Asset Finance.
What industry is Close Brothers Asset Finance in?
Close Brothers Asset Finance's product category is Asset Finance. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending. Its NAICS code is 52222 and its SIC code is 6172.