Davenham Asset Finance: products, terms and eligibility

Davenham Asset Finance is a UK provider of asset finance. The legal entity named on its site is Davenham Asset Finance Limited, company number 08356079. It is based in Manchester. Companies House shows the company was incorporated 2013. It is part of Davenham Group.

Davenham Asset Finance Limited (company number 08356079, incorporated 2013) describes itself as an independent, privately owned UK asset finance and asset refinance lender to the SME sector. It is part of the Davenham Group, which also has a trade finance division. It is based in Manchester, King Street, and works nationwide with brokers through a team of regional Business Development Managers. Its site does not publish a founding story.

In its own words on scale:

• Says it provides advances between £15,000 and £350,000 (figure on its site in October 2026).

Everything on this page comes from what Davenham Asset Finance publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Davenham Asset Finance publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Hire purchase / lease purchase: Fixed monthly payments; you own the asset after the option to purchase fee and any balloon.
• Finance lease: Fixed monthly rentals in the primary period; then a secondary rental period or sale to a third party.
• Asset refinance: Raise capital against assets you already own, on a finance lease or lease/hire purchase agreement.

Hire purchase / lease purchase

Spreads the cost of an asset and gives the business ownership at the end of the term, after all payments including any option-to-purchase fee. The site says the client is treated as owner from the start and can claim capital allowances, and is responsible for maintenance and insurance. Lease purchase is similar but gives an option to buy without a return option. VAT can be reclaimed by VAT-registered businesses using the asset for business purposes.

Finance lease

A contract giving the customer use of the asset in return for fixed monthly rentals over a primary term, with rental schedules that can be matched to income from the equipment. VAT on the rentals can be reclaimed by VAT-registered businesses, varying for personal-use vehicles. At the end the customer can return the asset or continue under a secondary rental agreement.

Asset refinance

Releases capital from assets the business already owns, alongside acquisition finance for new or used assets. The site also lists turnaround finance and short-term asset-backed funding structured to suit the customer. Davenham says it can provide asset finance and asset refinance only to non-regulated businesses.

Davenham Asset Finance says its finance is used for:

• Acquiring new or used equipment
• Releasing capital from owned assets
• Turnaround funding
• Short-term asset-backed funding
• Spreading equipment costs over fixed monthly payments

Sectors and business types it says it funds:

• Construction plant and machinery
• Engineering equipment and machine tools
• Printing machinery
• Manufacturing machinery
• Agricultural machinery
• Private, haulage and coach vehicles

What it says it does not fund:

• Regulated business: it says it is not authorised by the FCA to conduct regulated business and serves non-regulated businesses only.

Davenham Asset Finance publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• UK SME businesses, nationwide.
• Non-regulated businesses only.
• New and established businesses considered.
• Assets include construction plant, engineering, printing, manufacturing and agricultural machinery, and haulage, bus and coach vehicles.

Davenham Asset Finance describes its process like this:

1. A broker contacts their regional Business Development Manager.
2. The broker submits the proposal with completed documentation.
3. Davenham reviews the proposal and responds.

Every application is subject to status and the lender’s own criteria at the time.

Asset finance spreads the cost of equipment, vehicles or machinery, with the asset itself as the main security. Under hire purchase you own the asset once the final payment is made; under a lease you pay to use it and hand it back, extend or replace it at the end.

Lenders look at the asset’s age, condition and resale value as well as the business, and many fund used as well as new equipment. Sector pages such as transport and logistics finance and construction finance show how it is used in practice.

Points Davenham Asset Finance publishes that are worth knowing:

• Lends against the security of assets.
• Not authorised by the FCA to conduct regulated business.
• Offers turnaround finance and short term asset-backed funding structured case by case.

Security and guarantees

Hire purchase and finance lease are secured on the financed asset. Personal guarantee and early repayment terms are not stated on the pages read.

Davenham Asset Finance’s site states: “Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of asset finance with profiles here include Dawsongroup Finance, Haydock Finance and InterBay Asset Finance. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.