JCB Finance Ltd is celebrating its 40th Anniversary, tracing its origins back to the formation of JCB Credit Ltd in February 1970. In the first year of operation they achieved a turnover of £900,000 –
reaching the milestone of over £500,000,000 in lending balances in December 2007. Over the years they have gained an enviable reputation for providing fast flexible finance through good times and bad – supporting their Construction, Agricultural and Industrial customers through four recessions and one foot & mouth outbreak. Their maxim of supporting customers was especially true during the Credit Crunch when JCB Finance continued to lend when other lenders would not. They consistently finance almost 90% of all JCB equipment financed in the UK along with other non-competitive plant, machinery and vehicles so that their customers can enjoy a one stop shop for the majority of their asset finance requirements.
August 1998 saw a name change to JCB Finance Limited, the result of a desire from JCB to replicate the success of its UK finance arm under one common finance brand across the world. JCB Finance’s Managing Director, David Burgess, stated that – the company would continue to use its skills and intimate knowledge, backed up by award winning systems, to support its customers as they emerge from the recession. It is by providing such assistance in difficult times that we have helped customers survive and ultimately thrive so that they can continue to buy more JCB’s in the future.