MANN Island Finance celebrated a significant milestone this month when its total financing activity passed the £1bn mark – an impressive number demonstrating that the business has come of age as a lender.
The finance case that cemented the milestone moment took place at Alpha Motors in Wigan and, to celebrate the moment, Mann Island Finance Managing Director, John Hughes, presented the customer with a voucher to pay for their first service.
Under the ownership of Investec Bank, Mann Island has evolved into a highly credible motor finance company working across the UK with franchised and independent dealers alongside selected finance brokers.
The business combines an innovative digital capability with well-established and easily accessed personal service and a deep insight into the car buying and financing process and has done so very successfully.
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.”
