Cabair Finance

Cabair Finance, now known as Simply Asset Finance, was a prominent player in the UK’s asset finance industry. While the name “Cabair Finance” is no longer actively used in the market, understanding its history and former operations provides valuable insight into the landscape of specialist lending. The company primarily focused on providing finance solutions for businesses seeking to acquire essential equipment and assets, rather than individual consumer loans.

Historically, Cabair Finance catered to a diverse range of sectors, including aviation, construction, printing, engineering, and agriculture. This specialization allowed them to develop in-depth knowledge of the specific needs and challenges faced by businesses within these industries. Their expertise extended to financing a variety of assets, from aircraft and construction machinery to printing presses and agricultural equipment. By tailoring finance packages to suit the unique requirements of each client, Cabair Finance aimed to facilitate business growth and investment.

The core of Cabair Finance’s business model revolved around offering various types of asset finance, including hire purchase, finance lease, and operating lease agreements. Hire purchase allowed businesses to gradually acquire ownership of the asset over a defined period, while finance lease offered the benefits of using the asset without outright ownership, with the option to purchase at the end of the term. Operating lease agreements, on the other hand, were typically shorter-term rentals, often including maintenance and other services, providing businesses with flexibility and reducing the burden of asset ownership.

One of the key strengths of Cabair Finance lay in their ability to provide finance solutions to businesses that might find it challenging to secure funding from traditional lenders. They were known for considering a wider range of factors beyond just credit scores, taking into account the specific assets being financed, the business’s cash flow projections, and the overall industry outlook. This approach enabled them to support small and medium-sized enterprises (SMEs) that played a vital role in the UK economy.

The rebrand to Simply Asset Finance reflected a broader strategy to enhance their market position and broaden their service offerings. While the core principles of asset finance remained central, the new brand signaled a commitment to simplification, transparency, and a customer-centric approach. Simply Asset Finance continues to serve the sectors previously supported by Cabair Finance, leveraging the accumulated experience and expertise to provide tailored financial solutions. Though the name has changed, the legacy of Cabair Finance as a specialist lender dedicated to supporting business growth through asset finance endures within Simply Asset Finance’s operations.