Shawbrook Bank provides increased block discounting facility for Blackburn-based Haydock Finance

By Haydock Finance

18 Nov 2015

Shawbrook Bank has announced an increase in the block discounting facility made available to Haydock Finance to £10m. Intended to help the business grow, the deal was turned around in less than two weeks.

An existing client of Shawbrook Bank’s for the last four years, Blackburn-based Haydock Finance offers a range of asset funding solutions to business customers across the UK. The company mainly funds hard assets including vehicles, industrial plant and machinery as well as agricultural equipment. The facility is intended to support the business’ growth, which includes new hire purchase, leasing and refinancing proposals.

Paul Tagg, director of block discounting at Shawbrook Bank, commented on the deal: “Haydock has been a business in asset finance for 35 years and I’ve known the chairman Jon Wilkinson for 25. We have an excellent relationship with the Haydock development team and it is a real pleasure to be able to announce the latest deal.”

Steve Worrall, managing director of Haydock Finance said: “Over the years funders like Shawbrook have helped us evolve into a team of 30 providing hire purchase, leasing and refinance proposals for SMEs seeking asset finance across England, Scotland and Wales. We value the increased facility from Shawbrook and the team’s relationship with us, which combines a thorough understanding of our business with a flexible approach.”

Tracey Floyd, who was instrumental in sealing the deal, recently joined the Shawbrook team as a sales manager in the block discounting team, responsible for the North and Midlands.

Tracey joined from RBS where she worked in corporate banking and various specialist roles in Lombard Asset Finance for 14 years. The last five years she spent managing Lombard’s Block Discounting product single-handed. Regarding her appointment, Tracey said: “I joined Shawbrook because I wanted to be part of Shawbrook’s approach to business – creative, but risk managed. The team provides a first class service to clients and has the ability to make quick decisions in a rapidly changing market. It’s great to be part of a team that wants to do the deal, rather than finding reasons not to.”

Enjoyed this? Read more from Haydock Finance

Latest news

1

University recognises adidas curator Gary Aspden

University recognises adidas curator

11 Jul 2025

2

Investment drives growth plan at CoolKit Coolkit Vans

Investment drives growth plan at CoolKit

11 Jul 2025

3

Story Homes submits plans for 140 new homes in Longton Story Homes plans

Story Homes submits plans for 140 new homes in Longton

11 Jul 2025

4

University of Lancashire climbs 14 places in student positivity survey Happy students at ULAN

University of Lancashire climbs 14 places in student positivity survey

10 Jul 2025

5

Forbes Solicitors achieves strong growth and promotes 15 Forbes Solicitors promotions

Forbes Solicitors achieves strong growth and promotes 15

10 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley College University Courses Building, Burnley, BB12 0AN

08:30 - 10:30

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

North West Business Expo 2025
https---cdn.evbuc.com-images-880456273-4862066883-1-original.20241022-105445.jpeg.jpg
LBV Hub Exhibitions
24 Oct 2025 - 24 Oct 2025

North West Business Expo 2025

Bolton Stadium Hotel, Bolton, BL6 6SF

09:00 - 15:00

Lancashire Business Day 2025
241122lbvlancashiredaylhp0647web
Networking
27 Nov 2025

Lancashire Business Day 2025

Burnley FC , Burnley, BB10 4BX

12:00 - 17:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin