In addition to setting up a new legal department, Liberty Leasing has also developed a new Asset Department. Having these in house functions are very exciting additions and ultimately the multitude of benefits will be passed on to their clients and customers.
The Asset department is unique in the sense it is a diverse function that can interact and support various other departments within the business. With this in mind finding the right person was vitally important. Nigel Wilkinson joins Liberty Leasing with over 15 years experience within the asset finance sector.
Nigel Wilkinson commented:
“Knowing this would be a new role for Liberty, I found the challenge of setting up a brand new department very appealing. In addition to this their flexible and open culture has allowed me to implement my own ideas, which on a personal level I find highly motivating; it doesn’t feel like ‘just a job’.
In the short time I’ve been at Liberty Leasing not only have they made me feel incredibly welcomed but it’s genuinely exciting to see that there is a lot of scope for potential growth for this department. I hope that overall the efforts of the department help the business operate and lend with greater accuracy and confidence.”
Why have a dedicated Asset Department?
An important aspect for any asset finance company is the ability is to produce accurate valuations. Historically, the company was solely reliant on external third party Valuers to provide valuations. Although, this is a model that worked well and will still be utilised to a certain extent we are now able to focus more time and energy into this area.
In some cases a desktop opinion can be limiting, particularly where there are question marks over the condition of the asset. We are now able to conduct our own site visits where a member of the team can visit the asset on site and conduct a full report. This report can then be fed to our sales support team offering them enhanced data and a much more accurate insight which is vital within the underwriting process.
The Asset Department is also able to provide support to the collections department. Credit Control can be a challenging function for any company but the extra support and guidance from Nigel and his department has certainly been welcomed.
Placing our customers and clients first
The continued success experienced by Liberty Leasing has allowed them to re-invest and develop the business. With the recent announcement of Liberty Leasing making it on the Mid Market Top 100 Index (source: https://www.investec.co.uk/mid-market/mid-market-100.html) they seem to be a company making right decisions.
Paul Sheedy, Sales Director explained:
“We are a business that is continually growing and improving, we do this confidently by investing in people and systems. Bringing certain functions in house allows us to do this and overall become a more efficient company. Nigel and his team bring to the company invaluable knowledge, experience and expertise and seeing how this department could create added value internally and externally made it a simple decision. We understand our customers and clients and we want to be in the position to offer them quick decisions and turnaround wherever possible.”
