Haydock Finance extends block discounting facility with HTB to £10m

HTB’s block discounting service allows the bank to offer funding direct to independent finance houses, such as Haydock, who want to use their loan book as security for business funding.

Andrew Dearden, director of block discounting at Hampshire Trust Bank, said: “Haydock Finance has a strong management team, proven track record and solid client base, the key attributes we look for from our clients.

“We look forward to continuing to work together in the future.”

Haydock was HTB’s first block discounting customer when the bank launched the service in mid-2015.

Steve Worrall, managing director of Haydock Finance, said: “We work through a small selected panel of approved finance brokers and equipment suppliers to provide a range of asset finance solutions to customers across the UK. 

“We value the ongoing business relationship we have with Hampshire Trust Bank and this extension to our existing facility will enable Haydock to make the most of opportunities in the market.”