KAFL reports on Brexit uncertainty

Following a short survey, a percentage of Kingsley Asset Finance (KAFL) business introducers, believe that the uncertainty of Brexit may be causing some Lancashire based businesses to delay in growth by acquisition, or invest in business assets.

However the recent announcement that the UK and EU Brexit negotiators had agreed the terms of a transitional period, KAFL feel this may have given Lancashire based businesses greater confidence.

Jonathan Smith, managing director of KAFL, commented: “We’ve had a busy year so far at KAFL, converting regularly 35 to 40 separate transactions per month for businesses investing in assets, raising cash for additional investments by refinancing assets or taking advantage of our unsecure commercial loan product.

"For those Lancashire based companies which, regardless of Brexit, are confident in their businesses the market is extremely buoyant.

Jonathan continued: “As a specialist asset finance and unsecure commercial loan lender we’re keeping a watch on the economy and taking account of all contributing factors, not just Brexit. However, KAFL’s reputation for being a commercially minded funder is as valid now as it ever was.

"Having been established for over 25 years, KAFL continued to lend throughout the various financial crisis’s and our book is very much open for business and growing year on year. “We feel the next twelve months will be interesting in terms of politics and the economy, but we do feel that many Lancashire based businesses will not be directly affected by Brexit and will continue to operate much as before.’’