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Oracle Finance reports strong growth in second quarter

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A Yorkshire provider of finance for high performance and specialist vehicles has recorded its best quarter ever since launching seven years ago.

Oracle Finance, which underwrites some £250 million of funding each year, has reported figures for April, May and June are up 35 per cent on the first quarter of 2013.

The business, which is based in Knaresborough and operates two satellite offices in London and Glasgow, employs a sales team of just under 30.

Oracle Finance managing director Peter Brook said: “Despite what can only be described as extremely challenging economic conditions over the past few years, we have seen our sales increase by 20 per cent, year on year.

“The second quarter of 2013 has been incredible and business is 35 per cent up on the first three months.

“We are putting this down to the economy starting to turn the corner, the strength of the prestige car market, and variety of financial packages we are offering to clients looking to purchase their dream car.

“Our figures have also been boosted by the specialist packages we offered for the new Range Rover, which proved incredibly popular.

“Vehicle funding is a £22bn industry and we currently have 40,000 clients on our books. Our customers range from sole traders and captains of industry to Premier League footballers and retirees.”

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Oracle Finance has recorded a record second quarter for business

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