PEAC Solutions: products, terms and eligibility

PEAC Solutions is a UK provider of asset finance. The legal entity named on its site is PEAC (UK) Limited and PEAC Business Finance Limited, company number 03088213. It is based in Bracknell, Berkshire. It gives its founding year as 2016. It is part of Owned by HPS Investment Partners LLC.

PEAC Solutions traces its history through a series of acquisitions: CIT Group acquired Newcourt in 1999, Citicapital Limited in 2004 and the Barclays asset vendor business in 2006. Its site says HPS Investment Partners LLC acquired CIT Vendor Finance in 2015 and launched PEAC Finance in 2016, then acquired IKB Leasing Germany in 2018. In 2021 it acquired Barclays Mercantile Business Finance, which became PEAC Business Finance. The site says PEAC is owned by HPS Investment Partners LLC and is authorised by the FCA (reference 668041).

In its own words on scale:

• Says it is active in 13 countries (figure on its site in October 2026).
• Says it has more than 800 employees and a portfolio of more than USD 6 billion (figures on its site in October 2026).

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

PEAC Solutions publishes 4 products for UK businesses. The table above gives the amounts and terms as it states them.

• Hire purchase and leases (broker offering): Minimum term lease, fixed term lease, hire purchase (non-regulated), residual value lease, software payment plan.
• Lease purchase (direct): Legal title transfers to the lessee on payment of a nominal option to purchase; balloon structure possible.
• Finance lease (direct): At end, dispose of the asset as lessor’s agent or continue to lease for nominal annual rentals.
• Chattel mortgage (direct): Loan secured by a charge over the equipment, registered at Companies House; ownership stays with the client.

Hire purchase and leases (broker offering)

The soft asset broker offering includes minimum term leases, fixed term leases, non-regulated hire purchase, residual value leases where applicable and software payment plans. The site gives a minimum deal size of £1,000 and terms from 24 to 72 months, with 12-month terms on request. It focuses on equipment where value is shared between the asset and its use, supplied through brokers with an underwriting team and a point-of-sale proposal system.

Lease purchase (direct)

The customer has use of the equipment during the term and legal title passes to the customer on payment of a nominal purchase option at the end. The site says a balloon structure can be included to reflect the likely future value of the asset, and payment schedules can be aligned with revenue the asset generates. The lessor keeps legal title until the final payment.

Finance lease (direct)

The customer has use of the equipment without owning it during the term. At the end the customer may dispose of the asset as the lessor’s agent or continue with nominal annual rental payments. The lessor keeps legal title throughout.

Chattel mortgage (direct)

PEAC provides funds to buy movable property or to refinance existing equipment. The loan is secured by a registered charge over the asset at Companies House, and the site says legal ownership stays with the client at all times.

PEAC Solutions says its finance is used for:

• Acquiring business equipment without buying it outright
• Funding construction plant, heavy vehicles and tractors
• Funding IT and office technology
• Funding medical, dental and fitness equipment
• Refinancing existing equipment

Sectors and business types it says it funds:

• Office technology
• Healthcare and fitness
• Construction and transportation
• E-mobility and renewable energy
• Hard assets with clear resale value, such as plant machinery, trailers and materials handling equipment

What it says it does not fund:

• Tabletop and coffee vending machines are excluded from the broker vending-machine asset class

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

• UK SMEs funded through brokers and vendor programmes.
• Direct hard asset finance focuses on assets with a clear resale value that are income earning for the user.
• Preferred broker assets include IT, CCTV, fitness, garage, medical, telecoms and vending equipment.
• Preferred direct assets include cars, commercial vehicles, construction equipment, machine tools and printing.

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 PEAC Solutions publishes that are worth knowing:

• Chattel mortgage is secured by a registered charge over the equipment and treated as a loan.
• Site states it does not give tax, legal, regulatory or accounting advice.
• Hire purchase in the broker range is stated as non-regulated.
• Also offers vending finance and IT/technology payment solutions through partners.

Security and guarantees

Under lease purchase and finance lease the lessor retains legal title to the asset. A chattel mortgage is secured by a registered charge over the asset, with ownership staying with the client.

PEAC Solutions’s site states: “PEAC Solutions is a trade name of PEAC (UK) Limited and PEAC Business Finance Limited. PEAC (UK) Limited is registered in England. Authorised and Regulated by the Financial Conduct Authority (Ref. 668041) in respect of agreements regulated by the Consumer Credit Act 1974. PEAC Business Finance Limited Registered Number: 00898129.”

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 Renaissance Asset Finance, Simply Asset Finance and Ultimate 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.