Propel partners with Azets to boost access to asset finance for thousands of SMEs

Propel, a leading specialist UK asset finance provider, and Azets, the top ten UK accounting, tax and business advisory firm and the largest SME regional practice across Europe, have today announced the formation of a significant strategic partnership. As a result of the alliance, thousands more SMEs will be able to gain access to fast and flexible asset finance to acquire the equipment and vehicles they need to drive growth and prosper.

With a 25-year track record in supporting over 40,000 business customers with vital asset finance, including a large number of Azets’ clients, Propel is ideally placed to support SMEs in meeting their ambitions for growth as they emerge from the pandemic. Propel’s proprietary technology platform, ‘Propeller’, underpins the commitment from both partners to provide outstanding personal service and ensures a swift and seamless customer experience.

Trusted by over 120,000 clients globally, Azets delivers a complete range of accounting, tax, audit, business and advisory services for businesses digitally and at their door to help them achieve their ambitions. Clients know Azets for helping them focus on what they do best; to grow, invest and prosper. Access to the right finance solutions, therefore, plays a key role in that vision.

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.”

Mark Barrie, Director of Banking and Finance for London and the South at Azets said: “SMEs, the lifeblood of the UK economy, are facing more challenges than ever due to the pandemic, Brexit and Government financial help coming to an end this year. Our SME clients are looking for new solutions to their cash flow and funding issues and 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 and provide a brilliant client experience each and every time, something which fits closely with Propel’s mission. We look forward to working with Propel to deliver the right asset finance solutions, driven by our shared values of providing the first-class and fast service that businesses need to succeed.”

Case Study

Peter Georgiou, founder and CEO of SUPPER, a high-end takeaway delivery service in London who financed 60 new bikes via Propel in September 2020, said:“During the past 6 months we have seen enormous business growth with deliveries rising from 1000 a month, to over 13,000 a month year on year and turnover up a staggering 500%. Partnering with Propel has made a big difference and allowed us to grow in the knowledge we can finance new vehicles when needed. We are just preparing for our next fleet order and will be making a move to electric bikes later this year, also with Propels support. Our mission is to change the world of delivery and we can only do this with a market leading finance partner like Propel”.