Tower Leasing, a leading asset finance provider, today announced it has surpassed £200 million in gross receivables through its own book lending—a landmark achievement that highlights over a decade of strategic transformation and sustained growth.
Since launching its direct funding capability in 2013, Tower Leasing has transitioned from a traditional finance broker into a fully integrated hybrid funder, directly serving vendors, brokers, and SMEs across the UK. Today, the majority share of Tower’s agreements are funded through its own book, demonstrating the company’s commitment to innovation, scalability, and operational independence.
Tower’s growth has been driven by a combination of organic expansion and targeted investment in technology. A key initiative was the launch of Tower Extra, a proprietary partner portal that provides real-time proposal tracking, faster processing, and advanced credit automation powered by intelligent scoring models. This has significantly improved the funding experience for vendors, brokers and end customers, while also enhancing Tower’s operational efficiency.
Institutional partnerships have also played a critical role in supporting Tower’s lending growth. In recent years, the company has secured a total of £46.75 million through the British Business Bank’s ENABLE Funding programme, an additional £25 million block discounting facility from British Business Investments, and a significant £50 million Integrated Wholesale Funding Agreement with Conister Bank. These facilities have expanded Tower’s access to capital markets and strengthened its ability to fund a growing volume of SME transactions.
Reflecting on this milestone, Kerry Howells, CEO of Tower Leasing, commented:
“Reaching the £200 million mark is a moment of real pride for all of us at Tower Leasing. It reflects not only our financial growth, but the progress we’ve made in building a stronger, more capable business. Behind this number is an extraordinary team that has worked tirelessly over the past three decades, whose commitment was instrumental in launching our own book in 2013 and shaping the business we are today. Like most businesses, we’ve faced our share of challenges, but we’ve always remained focused on growing sustainably and building something that lasts. I’m especially grateful to our vendors, many of whom have worked with us for several years. Their continued support and trust have been instrumental in helping us expand our reach and deliver real value to the businesses we serve.”
With further product development, technology upgrades, and new strategic partnerships on the horizon, Tower Leasing is poised to further strengthen its position in the UK SME finance market.
