Billing Finance Ltd is pleased to announce a £250m funding package to accelerate the next phase of its growth plan and support strategic investment in its technology capabilities. The funding package, provided by Quilam Capital, encompasses senior funding and growth facilities and will see Quilam take a strategic stake in the business.
Billing Finance is a long-established specialist lender focused on providing hire purchase agreements to its customers for used vehicles. The investment follows the appointment of Simon Bayley as CEO in June 2025, with Oliver Mackaness continuing to support the business in his capacity as Chairman.
Simon Bayley, CEO of Billing Finance, said: “The ambition of Billing Finance is to establish itself as a significant player in the non-prime vehicle finance market. We have a strategic roadmap to deliver a pivotal technology-enabled transformation, enhancing underwriting speed, customer experience, and operational scalability through the life of our customer’s time with us. This modernisation positions the company well to capture a significant market opportunity as the sector evolves.”
Jordan Blakesley, Managing Director of Quilam Capital, commented:
“Billing Finance is a long-established and trusted brand in the UK vehicle finance sector that has successfully navigated the regulatory environment with a leading track record. We are delighted to support the experienced leadership team with a flexible package of funding solutions, enabling material investment in the platform.”
Oliver Mackaness, Chairman and shareholder, commented:
“Securing the capital for growth will elevate the platform’s capabilities, and we have high confidence that we’ve selected a knowledgeable partner in Quilam that can help support and accelerate our ambitions.”
Quilam was supported on the transaction by Macfarlanes LLP, Foot Anstey LLP, Walker Morris LLP, Rockstead Limited, RSM UK Corporate Finance LLP, Lenvi Servicing Limited and BDO LLP.
Billing was supported on the transaction by Stephens Europe Limited and Travers Smith LLP.
