Date published: 01.09.08 - not release date

Finance specialist Syscap awarded ‘Approved Supplier’ status by BarCo

Syscap Limited, the UK’s leading independent finance and leasing supplier to professional practices, has been awarded ‘Approved Supplier’ status by Bar Services Company Limited (BarCo), having undergone a stringent selection process using quality criteria set by the BarCo board.

When its existing approved finance supplier made a strategic decision to exit the legal sector in June this year, BarCo approached Syscap as a possible replacement. BarCo is a wholly owned subsidiary of The General Council of the Bar of England and Wales. Set up in 2000, BarCo provides access for members of the Bar community to high quality products and services which are designed to save time, money or both. The BarCo board comprises barristers, senior clerks and senior Bar Council personnel.

Over the last 17 years, Syscap has helped over 10,000 professional practices stay competitive with flexible finance solutions, providing tailor-made finance solutions for a range of professional sectors including legal, veterinary, dentistry and accountancy. Its solutions are designed to enable professional businesses to acquire specialist equipment and services as well as to cater for a wide range of situations where there's a requirement for unsecured finance.

Philip White, Chief Executive Officer, Syscap, says: “As the UK’s leading finance and leasing supplier to professional practices, Syscap has a wealth of specialist market knowledge and expertise and perhaps the widest range of financial products in the market place. We are competitive and we understand the legislation that influences and impacts the market. Syscap’s relationship with BarCo gives us even greater exposure to the market place and we can add real value to members of the Bar, as a result.”

“I was a little apprehensive at the prospect of finding a worthy replacement for our long standing finance partner,” says Julie Monkman, General Manager for Bar Services Company Limited (BarCo). “I am delighted to be teaming up with Syscap as they have displayed the utmost in professionalism and responsiveness throughout the selection process and will provide an excellent range of products and service to members of the Bar. I am certain that this is the beginning of an exciting new phase for BarCo with a market-leading finance partner.”

BarCo’s approved supplier status is the latest in a line of professional accreditation for Syscap, which boasts endorsement in other areas of the business including partnerships with Becta, the British Educational Suppliers Association (BESA), the e-Learning Foundation and the Specialist Schools and Academies Trust (SSAT). Syscap is a member of the Finance and Leasing Association (FLA) and has also earned accreditation from ISO9000, Investors in People and the Institute of Sales & Marketing Management (ISMM).

Ends.

About Syscap

Syscap is the UK’s leading independent IT finance provider. Syscap works directly with clients and in partnership with industry-leading IT vendors, equipment suppliers, ISVs and other business service providers. Through tailored, innovative finance solutions, Syscap enables commercial, professional and public sector organisations of all sizes to acquire the business assets and resources they need, without traditional budgetary constraints.

Founded in 1990, Syscap now employs over 110 people across the UK and Europe, has annual revenues in excess of £135 million and £300 million of assets under management.
www.syscap.com


For further info, contact:

Lindsay Back/Ben Bush
The Crocodile
Tel: 020 7749 4400
lindsay.back@thecroc.com / ben.bush@thecroc.com
or

Philip White
Chief Executive Officer
Syscap Limited
Tel: 020 8254 1800
Email: pwhite@syscap.com

Issued by: The Crocodile, The Lux Building
2/4 Hoxton Square, London N1 6NU
www.thecroc.com