Company Solution Financial Inc.

Equities

SFI

CA83439G2009

Consumer Lending

Market Closed - Toronto S.E. 02:46:16 2024-04-26 pm EDT 5-day change 1st Jan Change
0.275 CAD +1.85% Intraday chart for Solution Financial Inc. +3.77% -11.29%

Business Summary

Solution Financial Inc. is engaged in providing sourcing and leasing solutions for luxury and ultra-luxury vehicles, yachts and other high value assets in Canada. The Company operates through retail sales, leases, and financing for automotive vehicles, boats, and commercial equipment and out of three locations being Richmond, British Columbia, Calgary, Alberta and Vaughan, Ontario. Its solution works with a select group of automotive and marine dealerships providing lending solutions to clients who cannot obtain leasing terms with traditional Canadian financial institutions or other sub-prime lenders. Its solution provides a leasing experience whereby it partners with its clients to help them navigate the challenges of acquiring, insuring, maintaining, and upgrading vehicles and luxury assets in Canada. The Company's customers include new immigrants, business owners and international students.

Number of employees: 14

Sales per Business

CAD in Million2022Weight2023Weight Delta
In-House Vehicle
65.2 %
11 56.2 % 10 65.2 % -12.27%
Interest and Administrative Income
17.9 %
3 13.2 % 3 17.9 % +2.38%
Brokerage Sale
14.6 %
4 19.8 % 2 14.6 % -44.24%
Cost of Brokerage Sale
-13.4 %
-4 -17.9 % -2 -13.4 % -43.30%
Rental
13.3 %
4 20.6 % 2 13.3 % -51.09%
Registration Fees
1.5 %
0 1.3 % 0 1.5 % -13.88%
Finance Lease Vehicle Sale
0.9 %
1 6.8 % 0 0.9 % -89.95%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
20 100.0 % 15 100.0 % -24.43%

Managers

Managers TitleAgeSince
Founder - 03-12-31
Director of Finance/CFO - 17-04-30
Chief Tech/Sci/R&D Officer - -
Chief Operating Officer - -
Corporate Officer/Principal - 22-08-31
Sales & Marketing - 20-05-31
Comptroller/Controller/Auditor - 19-12-31
Sales & Marketing - -
Sales & Marketing - 14-07-31
Comptroller/Controller/Auditor - 16-05-31

Members of the board

Members of the board TitleAgeSince
Director of Finance/CFO - 17-04-30
Director/Board Member 52 10-12-29
Founder - 03-12-31
Chief Operating Officer - -
Director/Board Member - 18-06-21
Chairman - 20-11-15
Director/Board Member - 19-11-05

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 86,398,273 28,296,218 ( 32.75 %) 0 32.75 %

Shareholders

NameEquities%Valuation
Bryan Pang
60.41 %
52,190,500 60.41 % 10 M $
2,204,500 2.552 % 423 264 $
1,400,000 1.620 % 268 800 $
913,198 1.057 % 175 334 $
Randy Smyth
0.8317 %
718,607 0.8317 % 137 973 $
650,250 0.7526 % 124 848 $
John Gowans
0.0289 %
25,000 0.0289 % 4 800 $

Company contact information

Solution Financial, Inc.

8680 Cambie Road Unit 137

V6X 4K1, Richmond

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http://www.solution.financial
address Solution Financial Inc.(SFI)
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