Specialist Asset Finance Modern Slavery and Human Trafficking Statement 2025  

This Modern Slavery Statement (this “Statement”) is made and published on behalf of Specialist Asset Finance Limited (“SAF”), pursuant to Section 54(1) of the Modern Slavery Act 2015.  

About SAF

SAF is part of the SAF Group which is made up of different legal entities registered at the same address and any references to “SAF”, “we”, “us” or “our” in this statement are references to SAF and any other company in the SAF Group. 

SAF was founded in July 2017 by a team of asset finance specialists to provide a range of flexible finance options including hire purchase, finance leasing and loans. SAF has now recruited a team of skilled professionals based in the United Kingdom.   

SAF’s partners are other specialist lenders, financial brokers and introducers. Our supply chain primarily includes businesses providing technology support, credit referencing agencies and other ad hoc professional service providers, mainly based in or with branches in the United Kingdom.

Culture and Values

Due to the nature of our business and the industry we operate in, we are generally assessed to have low risk of modern slavery in our business and supply chains.

We are committed to improving our processes where necessary to ensure we are combatting such practices in our business and supply chain. SAF maintains a culture of equality and transparency, both in its own operations, throughout its supply chains and in its relationships with business partners.

SAF operates a zero-tolerance approach to modern slavery and human trafficking we have and will continue to enforce effective systems and policies and measure and review our risk frameworks on a frequent basis, to ensure we always act ethically in our business dealings and relationships.  

Policies and Procedures

Our zero-tolerance approach to modern slavery is one of a suite of policies and procedures which ensure we are conducting business in an ethical and transparent manner, available to all our employees via our IT platform.

These policies are reviewed frequently and kept up to date to ensure compliance with the relevant applicable laws and best practices.  

Outsourcing, Risk Assessment and Due Diligence

When needed and based on the type of services we will be receiving, we seek to include modern slavery provisions in any agreements.

Should the need arise to engage with service providers offering more labour-intensive services, we would perform a higher level of due diligence to avoid any inappropriate labour or modern slavery practices.  

Employees

SAF ensures fair compensation of all its employees and contractors. At a minimum, we offer all employees a salary over the Living Wage as set by the Living Wage Foundation and provides them with organisational benefits. 

Our HR management processes ensure that prospective employees or contractors are legally entitled to work in the United Kingdom and protect employees from any form of abuse. 

Our employment contracts give our employees the freedom to terminate their employment at any time and we do not force any of our employees or contractors to work overtime.  

Further Steps for the Financial Year Ending 2025

SAF intends to take further actions in the financial year ending 31 December 2025 to ensure it continues to mitigate the risk of modern slavery in its business:  

A. Where applicable we would require higher risk suppliers to include anti-slavery provisions in their contracts or terms and conditions before establishing a business relationship with them.  

B. Providing appropriate awareness training to our employees and contractors on the Modern Slavery Act 2015 and inform them of the appropriate actions to take if they suspect a case of slavery or human trafficking. 

C. Continue to evaluate whether further consideration is to be given on refining our risk frameworks to place more focus on anti-slavery and human trafficking strategies and whether there is sufficient integration of the risks into our existing money laundering control frameworks. 

Declaration

This statement is published in line with section 54(1) of the Modern Slavery Act 2015 for the financial year ended 31 December 2025 and will be reviewed every year. This statement was approved by the SAF board in its December 2024 board meeting. 

Shane Thomas
Managing Director
Specialist Asset Finance Limited
7th January 2025