Asset Alliance Group’s Michael Bycroft speaks to Jonathan Welch about the financier’s plans for expansion, having already funded over £500m-worth of coaches and buses
Finance. It’s a subject that can often either make people’s eyes glaze over, or one that they simply don’t understand, but it’s vital to keep the wheels turning. The coach and bus sectors are very different when it comes to their financing requirements, but one thing’s for sure: both are relatively traditional in their outlook. How many coach operators still prefer to buy outright, for example, and own their asset, ‘because that’s how they’ve always done it’? The world is changing though. Vehicles are changing. And operators are changing how they work, especially the major groups, to help address the rising cost of new vehicles and the uncertainties around new energy sources.
So while the public sees ever more shiny new buses, often powered by electricity, in the background companies are working to facilitate these deliveries, be it via purchases or leases. Those companies include Asset Alliance Group, which operates across the transport and logistics sectors, using its own funds along with significant buying power to supply the HGV and PCV industries with vehicles on contract hire, operating leases, finance leases or hire purchase. The Group operates across five sites in the UK, but is headquartered in Wolverhampton.
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