UK-headquartered marine finance company Close Brothers Aviation and Marine recently announced its 40th birthday. The business was founded in 1976 by Victor Cannock, starting out as ‘Air and General Finance Limited’, before being acquired by Close Brothers in 1989.
“We are the only funder that has demonstrated this level of longevity and commitment to businesses and individuals in this sector,” said Richard Kearsey, Managing Director, Close Brothers Aviation and Marine. “I joined the business in 1991 and while a great deal has changed in the market, our business model has remained consistent and simple.
“Close Brothers Aviation and Marine was the only company in our sector that continued to lend during the recessions, including the early 90s and 2010, when solid businesses’ cash flow dried up. Our understanding of our industry and the sector we work in allows us to be confident in business owners and the value of the assets they utilise.”
Maritime Journal wishes the company another successful 40 years.
By Jake Frith