InterBay Asset Finance

What InterBay Asset Finance does

InterBay Asset Finance is a UK-based specialist asset finance provider, founded in October 2018 as the dedicated asset finance division of OSB Group plc (formerly OneSavings Bank Group, a FTSE 250 specialist lender). The company offers three core products — Hire Purchase (typically 2–5 year terms, up to 7 years for long-life assets), Finance Lease (allowing VAT reclaim on monthly payments), and Refinance (unlocking capital against existing assets) — to UK small and medium-sized enterprises across 13 industry verticals including Construction, Manufacturing, Transport, Agriculture, Engineering, and Materials Handling. Distribution is exclusively broker-mediated: InterBay is a full member of the National Association of Commercial Finance Brokers (NACFB) and the Finance & Leasing Association, with Regional Sales Managers providing field-based deal-structuring support alongside an inside sales team offering direct underwriter access.

The business operates from a head office in Fleet, Hampshire and a registered office in Chatham, Kent (within the OSB Group structure), and serves customers nationwide. Its technology stack is described as standard financial-services infrastructure with no proprietary platforms, APIs, or developer-facing tooling disclosed; web presence relies on commodity analytics (Google Analytics, Microsoft Clarity). The company differentiates on speed (24-hour credit decisions), flexibility on credit and payment structures, and a stated commitment not to resolicit broker customers — features that have earned four consecutive shortlistings (2022–2024) at the Business Moneyfacts Awards for Best Service from an Asset Based Finance Provider.

Revenue is generated primarily through interest and fees on Hire Purchase, Finance Lease, and Refinance agreements, with quote-based pricing, monthly billing cadence, and flexible terms tailored to individual customer cash flow. Since inception, the company has processed over £1bn of new deal proposals and supported more than 1,400 UK SMEs, growing the team by 25% in 2023 and more than doubling it overall. Standalone financials are not publicly disclosed; InterBay consolidates into OSB Group plc's reporting, and the division is led by Managing Director Paul Fazakerley under Group Chief Commercial Officer Jon Hall.

Name

InterBay Asset Finance

Legal name

InterBay Asset Finance Limited

Website

https://interbayassetfinance.co.uk

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

UK specialist asset finance provider offering Hire Purchase, Finance Lease, and Refinance products to SMEs across 13 industry verticals, distributed exclusively through commercial finance brokers as a division of FTSE 250 lender OSB Group plc.

Ownership category

akta.pro rank

Headquarters

HQ city

Fleet

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Asset Finance Lending: InterBay Asset Finance generates revenue through interest and fees earned on asset finance agreements including Hire Purchase, Finance Lease, and Refinance products. Standard repayment terms are 2-5 years with up to 7-year terms available for long-life assets. The company offers agreements with little or no deposit required.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

InterBay Asset Finance is a specialist UK asset finance provider offering Hire Purchase, Finance Lease, and Refinance solutions to small and medium-sized enterprises through a network of commercial finance brokers. Repayment terms range from 2 to 5 years (up to 7 years for long-life assets) on a quote-based, deposit-light basis, with credit decisions routinely delivered within 24 hours.

Product overview

InterBay Asset Finance is a specialist asset finance provider offering three core financing products: Hire Purchase (spreading asset costs over 2-7 years with eventual ownership), Finance Lease (flexible asset use without ownership, with VAT recovery benefits), and Refinance (unlocking capital from existing assets). The company serves 13 industry sectors including Construction, Manufacturing, Transport, Agriculture, Engineering, and Materials Handling, providing tailored financing solutions to UK SMEs through a network of brokers.

Differentiator

Problem solved

Functional benefit

Products and services

• Hire Purchase A Hire Purchase agreement that spreads the cost of an asset over an agreed term, allowing the business to budget more easily. Standard repayment terms are 2-5 years, with up to 7-year terms available for long-life assets, and agreements can be offered with little or no deposit.
• Finance Lease Finance Lease options offering flexibility that allow businesses to use assets without officially owning them. Customers can usually reclaim VAT on monthly payments and offset repayments against pre-tax profit, with multiple options available at the end of the term.
• Refinance A refinancing solution that helps businesses unlock the hidden value of assets they already own. It can be used to raise additional capital against assets, consolidate existing finance, or acquire a business.

Quantifiable outcome

• Deal proposals exceeding £1bn processed since 2018 inception
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• Depaul UKcoreOthers · 19 May 2023OSB Group and InterBay Asset Finance entered a two-year charity partnership with Depaul UK starting May 2023. Depaul UK provides services including emergency accommodation, longer-term housing, family mediation, education, training, and employment opportunities for young people facing homelessness. InterBay Asset Finance team also won £10,000 for Depaul UK by winning the AFPA Trust Big Quiz in May 2023.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Henry Howard Finance: UK specialist asset finance lender offering hire purchase, leasing, and refinancing to SMEs, distributed via broker and direct channels. Closely comparable in product offering, customer segment, and channel approach to InterBay.
• Simply Asset Finance: UK asset finance broker aligning SMEs with multiple asset finance lenders. Comparable to InterBay's broker-mediated business model, though operates as a broker rather than a direct funder.
• Novuna (formerly Hitachi Capital UK): One of the UK's largest asset finance providers offering hire purchase, finance lease, and refinancing across multiple SME verticals. Directly comparable to InterBay in product mix and target customer base, with similar broker-distribution motion.
• Haydock Finance: UK-based asset finance provider serving SMEs with hire purchase, finance lease, and refinancing solutions across multiple equipment verticals. Direct competitor in the broker channel with overlapping customer base.

Emerging players

• Praetura Commercial Finance: UK specialist asset-based and working capital lender serving SMEs across equipment, invoice, and growth finance. Comparable SME asset finance niche, but with regional (North West) emphasis and smaller scale.
• Together Money: UK specialist lender offering asset finance, bridging, and commercial lending to SMEs and individuals. Comparable customer segment but broader product range and different funding model.
• Allica Bank: UK SME challenger bank offering asset finance, commercial mortgages, and broader SME banking. Comparable SME customer segment and asset finance product set, but with a digital-first model and larger balance sheet.

Broad incumbents

• Bibby Financial Services: UK-based specialist SME finance provider offering asset finance, invoice finance, and broader commercial lending. Comparable in serving UK SMEs via broker/intermediary channels, but with broader product portfolio.
• Lombard (NatWest Group): Major UK asset finance arm of NatWest providing asset finance, leasing, and asset-based lending to UK businesses. Comparable product set but operates as part of a much larger incumbent bank with broader distribution and balance sheet.
• Aldermore Bank (Asset Finance): UK challenger bank's asset finance division offering hire purchase, leasing, and refinancing to SMEs. Similar SME focus and broker distribution, but with broader group banking capabilities and deeper capital base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InterBay Asset Finance