Hitachi Capital Business Finance Stocking Success with Omar Group
Hitachi Capital Business Finance has successfully entered into a new sector through a partnership with an inspiring market leader. A stocking contract has been secured with Britain’s premier park home, holiday lodge and mobile home manufacturer, Omar Group.
This relationship has opened doors into a fresh market sector for Hitachi Capital Business Finance - the holiday home and park home market - and has the potential to offer cross-group finance in the future.
Omar decided that they needed a stock finance funder to provide a major cash flow advantage for their dealers through a longer financing program. Hitachi are providing a stocking facility with two programs for show / stock units (270 day program) and retail-sold units (180 day program).
Earlier this year, the Omar Group were among only 150 British businesses to have been selected as one of 1,000 Companies to feature in the London Stock Exchange Group’s 1000 Companies to Inspire Europe; a landmark report which lists the 1,000 most dynamic and fastest-growing small and medium-sized companies in Europe.
Dean Westmoreland, Chief Executive at Omar Group comments: “We’re delighted that Hitachi Capital Business Finance has chosen to work with us exclusively – two high-integrity, market-leading businesses working hand in hand! The park home and luxury lodge market is currently seeing impressive growth, and demand for our luxury homes and lodges has seen our production schedule full into 2018. This new partnership will enable us to help some of our rapidly growing customers to fund stock homes and lodges, encourage growth within the industry and further strengthen our position as market leaders.”
Gavin Wraith-Carter, Managing Director at Hitachi Capital Business Finance comments: “This quarter has been one of exciting progress for us and this contract gives us the potential to expand into new sectors. The new business win with Omar Group demonstrates the team’s exceptional levels of service and ability to fulfill specific requirements. We are delighted to align with the expert and seasoned manufacturer in mobile home sector, Omar.”
Hitachi Capital UK (PLC) is a wholly owned subsidiary of Hitachi Capital Corporation, whose major shareholder is Hitachi, Ltd. Originally established to provide innovative financial solutions to manufacturers, we now meet the demands of consumers, brokers, and businesses of all sizes and specialities across the UK and Europe. Manufacturing is in our DNA and it’s this ability to innovate and think differently that sets us apart from other financial providers. It’s why we now have nearly £4bn of assets and over 1,100 employees, providing market leading products and services to over one million customers across four business units; Consumer Finance, Vehicle Solutions, Business Finance and Invoice Finance
Hitachi Capital Business Finance, a subsidiary of Hitachi Capital (UK) PLC, provides business asset finance to over 25,000 SMEs and supports 230 brokers across the UK. Working across multiple sectors, the business works through finance brokers and with vendor organisations to provide products including hire purchase, operating lease, finance lease solutions and block discounting.
With a reputation built on over 50 years of manufacturing excellence, Omar Group is a market-leading designer, manufacturer and solutions provider to the park home and luxury lodge marketplace which encompasses four distinct and respected brands: Omar Park & Leisure Homes, Wessex Unique Lodges & Park Homes, Omar Park Development Services (OPDS) and Boutique Lodges - Holidays by Omar.
At their headquarters and main production facility in Brandon, Suffolk and a second production facility in Hull, the group produces beautiful BS3632:2015 residential park homes and lodges to the highest quality and provides unrivalled expertise and support along the way to create a smooth and effortless journey for both parks and residents.
As testimony to their success, the group have recently been named in two prestigious reports produced by the London Stock Exchange Group - 1,000 Companies to Inspire Britain and 1,000 Companies to inspire Europe.