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15 - 01 - 2008

Lombard Marine Finance Reports Substantial Increase in Business Turnover and Market Share


January 2008 - Lombard Marine Finance, recognised as the leading provider of marine finance in the UK, reports a 31% per cent increase in business turnover in 2007 against the previous year.  2006 was a record breaking year for results and 2007 has again improved on these. The market however, has not increased which means that Lombard’s market share has grown considerably over the last 12 months.

Ian Braham, Head of Lombard Marine Finance said: “I really feel that the increase this year is down to our market leading finance products and our flexibility. We offer a diverse range of funding methods for boat purchasers and our customers are drawn to us because we have a dedicated team of experts that can tailor the package to suit each individual’s needs.”

Another contributing factor to the growth in 2007 was the development of the Superyacht team. Lombard Marine Finance have been funding superyachts for a considerable number of years but in recent years had noticed a significant increase in demand for funding these types of vessels. In response to this growing market, Lombard appointed a specialised team within the Marine Finance business to focus on the rising need for bespoke finance facilities for this unique market.

Ian added: “People interested in boating appreciate specialist help when it comes to financing their yacht and this applies even more so in the superyacht market.  Lombard has more experience than any other UK company in yacht finance and this makes a real difference when it comes to concluding large complex transactions.  Our recently launched superyacht website, lombardsuperyachts.com, provides an overview of our capability.”

Lombard Marine Finance is exhibiting at the Collins Stewart London Boat Show between 11th and 20th January at Excel and will be at stand S018E. For more information on marine finance and for a quick, no commitment quote, call Lombard on 02380 242171 or visit www.lombard.co.uk/marine where an instant quote can be researched.

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