25 March 2021
Partnership could help with finance issues
PROPEL, a specialist UK asset finance provider to the agricultural sector, and Azets, a major UK accounting, tax and business advisory firm have formed a partnership that may help many struggling businesses within the potato and carrot supply chains to gain access to fast, flexible asset finance to buy equipment and vehicles.
Paul Clifford, Regional CEO and Strategic Partnerships Leader, Azets, said small and medium-sized enterprises (SMEs) are facing huge challenges as a result of the COVID-19 pandemic, Brexit and Government financial help coming to an end this year and new solutions to cash flow and funding are needed.
"Asset finance provides them with a great way to free the cash tied up in their existing assets. Our partnership with Propel is a demonstration of our commitment to solving important problems for our clients," he said.
Mark Catton, CEO, Propel Finance PLC, said: “I’m delighted Azets has chosen us as their strategic partner for asset finance, working closely with their teams and clients around the UK to finance investment in capital equipment. Azets is one of the largest accounting, tax and business advisory firms in the UK, with an outstanding and rapidly growing SME regional practice. We’re proud to be able to offer our services to Azets’ clients. We know that SMEs are incredibly important to the recovery and vibrancy of the UK economy and we’re here to support businesses needing or wanting help to invest and grow. Azets stand out for their passion for local client service and we want our own offering to complement that really well.”