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We've been around since 1972, but really we're only just getting started.
HPD First Incorporated
HPD was first incorporated as Hill Price Davison in 1972. The company was started to provide general IT services.
First Software Release
In 1983 HPD carried out a bespoke development of a factoring system for Bank of Boston. It was a great learning experience for the business.
Then 1985 HPD released its first packaged solution for the receivables finance market, known as iFactor. This was implemented for Bank of Ireland and Royal Bank of Scotland in the same year.
By 1990 iFactor was fully internationalised (multi-lingual) and HPD was deploying the solution around the world.
Supply Chain Finance
In 1995, iFactor was adapted to enable a niche financial product called 'reverse factoring'. The industry has since embraced this concept, now commonly referred to as Supply Chain Finance (SCF). LendScape now supports the sophisticated SCF programmes, providing funding to thousands of suppliers.
Queens Award for Enterprise Winners
HPD was awarded its first Queens Award for Export. The Queen’s Awards for Enterprise are the most prestigious awards for UK businesses, designed to recognise and encourage outstanding achievements. HPD won the International Trade category in recognition of the company's outstanding overseas growth.
Also in 2002, HPD introduced its cloud subscription-model offering for clients wanting a fully managed and hosted service, with a predictable recurring monthly fee. Skipton Commercial Finance was the first to adopt this model.
New London Office
The first regional office was opened in 2002 in Sydney, Australia
By 2010, HPD opened new modern London offices in order to locally serve clients in the region. Today the offices in Putney, Southwest London, serve as the companies UK headquarters.
2005: Aquarius was launched as the successor to iFactor. HPD achieved this by collaborating with its major clients to develop the next generation of invoice discounting, factoring and asset based lending software.
Data extraction technology
In 2008, HPD made the move to automate invoice finance, by digitally connecting the borrower to the finance provider. The Gemini tool proved to be a significant technology change for the industry
Launched our first mobile app
In 2014, our mobile app was launched to allow borrowers access to their accounts on the move.
HPD Broadened the ability to provide holistic working capital finance solutions, by producing the ability to fund purchases made by the clients
100 Employees: Internationally
In 2015 HPD acquired CASE in the USA creating an international workforce of over 100 employees. Headquartered in London, HPD now employs well over 130 staff in the UK, Australia and United States.
In collaboration with Bibby Commercial Finance, HPD produced the construction finance module to enable funding of contractual debt, primarily in the construction sector
Listed in the FT 1000
HPD achieved a place in the FT 1000 companies, a league table compiled jointly by the Financial Times and Statista highlighting Europe's fastest growing businesses (based on percentage growth in a 3 year period).
The LendScape Rebrand
We rebranded our software platform as LendScape in 2018, and launched our brand new website (www.hpdlendscape.com) to showcase its new integrated product suite for the global commercial finance sector.