County Durham-based, Anglo Scottish Asset Finance, has announced the appointment of Andrew Morris as contract hire sales manager, as it continues to rapidly grow its presence throughout the UK.

Andrew’s appointment comes as the company is looking to strengthen its contract hire offering, particularly to business, after analysing the market and responding to increased interest from both existing and new customers.

Business contract hire (BCH) is a funding product that allows businesses to fund cars or commercial vehicles over a fixed period of time and pay a monthly rental calculated on the expected mileage of the vehicle.

Established in 2007, Anglo Scottish is an independent finance broker, providing a range of financial services across the UK including asset finance, business loans, vendor and dealer finance, as well as personal vehicle solutions and vehicle sourcing.

With over 15 years of personal and business leasing experience, Andrew brings a wealth of experience to the role and his appointment further signals Anglo Scottish’s intent to become the UK’s leading independent broker.

Andrew Morris, said: “The Anglo team is one that is united in its goal to expand not only geographically but also in terms of offering the best customer experience in the market, both to existing and new clients.

“This, is why I have been appointed. Contract hire has been available via Anglo Scottish for a number of years but, in recent times, the demand within the business community for electric vehicles has spiked and, as such, the business has responded by doubling down on the service that it offers.

“Our panel of funders means that, alongside more traditional finance products, we are able to provide a more comprehensive and tailored package for customers, such as whole life cost analysis and maintenance provision with Finance Lease and Hire Purchase.

“A main benefit of business contract hire is that there is minimal initial outlay and fixed monthly rental payments, meaning businesses can budget effectively for the life of a contract.

“Depreciation isn’t a concern, as is the case when buying outright. The vehicle is simply returned at the end of the agreement and a fresh contract is taken out on a new vehicle, if required. For businesses that are VAT registered, they can reclaim the VAT from the lease. For cars, businesses can reclaim 50% of the VAT and for commercial vehicles 100%.”

David Foster, managing director, Anglo Scottish Asset Finance, said: “Andrew has been appointment at a pivotal moment for the business, as we continue to move towards providing an all-encompassing finance service for our customers.

“Our mission has always been to make life as easy and uncomplicated for our customers, providing leading customer service and the best possible deals on the market. Unlike many independent brokers that are one dimensional, we see it as another example of our customer-centric approach that we are striving to provide a superior one-stop shop for their every finance need.

“Our exceptional customer retention rates tell us that we are servicing customers how they deserve to be and we believe that simplifying the finance process, bringing it all under one roof, is another aspect of putting our customers first and making life easier for them.”