Oldaker & Sons

Wiseman Finance support Oldaker & Sons
expansion with fast finance for new truck.

Deal Snapshot:

Advance – £11250
Asset – DAF Tractor Unit
Lender – Ultimate Asset Finance
Terms – 10% deposit, VAT deferral & 36 months (everything the client had requested)

Client Background:

Oldaker & Sons Ltd is a small, friendly, family run haulage business located in Herefordshire.

The company has been running since 2019 and was founded by father and son duo, Stephen and Alex Oldaker. The company specialises in supplying transport services for a variety of industries including beverage, fabrication and maritime.

The need:

The business had recently taken on more contracts and quickly needed to increase their fleet to manage the influx of work. The directors approached Wiseman Finance to source funding for a DAF Tractor Unit. This was the third deal that Wiseman Finance had supported Oldaker & Sons Ltd with and therefore the team had an existing good level of knowledge on the clients business.

The Wiseman Finance Solution:

Understanding the business needs and background, Wiseman Finance were able to propose the most suitable lender for the deal. On this occasion, this was Ultimate Asset Finance who are renowned for their quick turnaround and payout times.

Read the full case study

The Outcome:

The details of the asset were supplied by the client to Wiseman Finance at 12pm, the proposal was created and then supplied by Wiseman Finance to Ultimate Asset Finance, who accepted the deal. The documents were then raised and supplied to the client, signed and then the deal was paid out the next day.

The client was able to visit the yard to inspect the vehicle in the morning and then drive the asset home the same day as inspecting it.

Client Feedback

“We are very grateful and happy with the services provided by Wiseman Finance to help us grow our business to where we wanted it to be, each deal came with better customer service as we grew our business relationship into what it is today. I couldn’t recommend Louise and team anymore! I know who I’ll be getting in touch with further down the line if expansion of the company opens up.”