Ulster Bank has supported one of Northern Ireland’s largest specialist finance providers to expand and develop its core product offering throughout the UK and Ireland.
The provision of a significant senior debt credit line by Ulster Bank has supported the scaling of Keys’ two principal products, insurance premium finance and accountancy fee finance, allowing the business to increase its footprint and engage with a broader network of insurance brokers, accountants, and business partners.
Primarily known for the provision of commercial insurance premium finance, Keys has long standing relationships with many of Northern Ireland’s leading insurance brokerages. Keys Finance also delivers specialist fee finance products for accountancy practices. Keys is now the leading provider of this product in the UK and Ireland. With well-established affinity partnership agreements in place with ICAEW and CAI, Keys is currently working with 30 practices in the UK top 100 and 9 practices within Irelands top 20.
The drive to expand and enhance is product offering comes as Keys Finance embarks on an ambitious growth strategy to broaden its expertise and reach within the Northern Ireland marketplace and beyond.
Stephen Hughes, corporate banking relationship director at Ulster Bank said: “Ulster Bank has developed a strong relationship with the senior management team and shareholders of Keys Finance, and we were very pleased to support the business as they continue to expand and develop their product and service offering. This deal cements the group’s position as the leading provider of commercial premium finance in Northern Ireland and reflects the impressive growth strategy and ambition of the entire team.
“At Ulster Bank, we are committed to helping businesses unlock growth and are pleased to have delivered a flexible and scalable credit solution that allows Keys to build on its strong market presence and pursue new opportunities across the UK and Ireland.”
Owen Graham, Managing Director, Keys Finance, said: “This funding package will allow us to continue our investment and fulfil our growth plans as we seek to extend our service offering to better meet the evolving needs of our clients today.
“We are always keen to engage with new business partners, and this facility will enable us to become more competitive within our core markets and broaden the potential scope of these markets. We are grateful to the team at Ulster Bank for stepping in with a tailored funding solution and for managing what was a complex transactional banking requirement so professionally.”
www.ulsterbank.co.uk
www.keysfinance.co.uk
