UDC Finance Limited
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UDC Finance Limited - overview
Established
1937
Location
Auckland, -, New Zealand
Primary Industry
Financial Services
About
UDC Finance Limited is a financial services company dedicated to providing tailored financial solutions, including vehicle and asset financing, to individuals and businesses across New Zealand. Founded in 1937 and headquartered in Auckland, New Zealand, UDC Finance Limited specializes in vehicle and asset financing. The company underwent a significant change when it was acquired by SBI Shinsei Bank from ANZ Bank in August 2020 for NZD 762 million. The company's leadership includes CEO Don Atkinson, while Benjamin Owusu is noted as a founder.
UDC Finance has completed one deal since its inception, with the most recent deal dated June 2, 2020. The total amount raised by the company amounts to NZD 762 million. UDC Finance specializes in providing a range of financial solutions primarily focused on vehicle lending and asset finance. Their core offerings include car loans, electric vehicle loans, boat loans, and various asset finance products tailored for small to medium enterprises (SMEs).
These services facilitate the acquisition of vehicles, equipment, and machinery, enabling clients to realize their business aspirations. The company’s clientele includes individual consumers seeking personal vehicle financing and businesses requiring funding for operational assets across various sectors such as clean tech, aviation, and transportation. UDC Finance operates predominantly in the New Zealand market, catering to both urban and rural areas and supporting a diverse customer base with varying financial needs. In the most recent fiscal year, UDC Finance reported a revenue of NZD 110,646,972.
50 and an EBITDA of NZD 66,953,871. 50. The company's revenue is generated through structured financial transactions that include interest income from loans and asset financing arrangements, with competitive pricing on its products, including boat loans starting at an interest rate of 9. 60% per annum.
UDC Finance engages with both B2B and B2C segments, addressing individual consumers and small business operators, creating a robust transaction framework for customer engagement and financial support. Looking ahead, UDC Finance aims to enhance its product offerings and expand its market reach. Plans include the introduction of new financial solutions tailored to emerging market needs while also focusing on geographic expansion within New Zealand. The recent funding from SBI Shinsei Bank will be instrumental in supporting these initiatives, enabling the company to innovate and respond to the evolving demands of its clientele.
Primary Industry
Financial Services
Sub Industries
Consumer Finance
Website
www.udc.co.nz
Total Amount Raised
Subscriber access only
UDC Finance Limited - timeline of key events
UDC Finance Limited - financials
| Fiscal Year Ended | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 76,786,000 | 88,687,000 | 96,336,000 | 110,263,000 | 122,028,000 | 120,458,000 | 124,066,000 | 136,502,000 | 150,329,000 | 153,742,000 | - | - | - |
| % Revenue Growth (YoY) | - | 15.5% | 8.6% | 14.5% | 10.7% | (1.3%) | 3.0% | 10.0% | 10.1% | 2.3% | - | - | - |
| EBITDA (USD) | 42,209,000 | 53,077,000 | 60,295,000 | 72,087,000 | 79,329,000 | 81,422,000 | 85,724,000 | 90,823,000 | 97,674,000 | 88,430,000 | - | - | - |
| Operating Income (USD) | 41,491,000 | 52,445,000 | 59,664,000 | 71,768,000 | 79,323,000 | 81,417,000 | 85,710,000 | 90,779,000 | 97,057,000 | 86,689,000 | - | - | - |
| Operating Margin | 54.0% | 59.1% | 61.9% | 65.1% | 65.0% | 67.6% | 69.1% | 66.5% | 64.6% | 56.4% | - | - | - |
| % EBITDA Margin | 55.0% | 59.8% | 62.6% | 65.4% | 65.0% | 67.6% | 69.1% | 66.5% | 65.0% | 57.5% | - | - | - |
| NET Income (USD) | 28,901,000 | 37,950,000 | 42,975,000 | 51,543,000 | 57,050,000 | 58,537,000 | 61,646,000 | 65,299,000 | 69,690,000 | 62,420,000 | - | - | - |
| % Net Margin | 37.6% | 42.8% | 44.6% | 46.7% | 46.8% | 48.6% | 49.7% | 47.8% | 46.4% | 40.6% | - | - | - |
UDC Finance Limited - employee data
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