0.26
-5.56%
Close of 9 Nov 2026, in CAD
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About Solution Financial
Its shares trade on Toronto Stock Exchange under the ticker SFI.TO. It has been listed since 1 November 2007. In the fiscal year to 31 October 2024, it reported revenue before interest expense of C$12.5m and net income of C$355,000. At that date it held total assets of C$31.4m and shareholders' equity of C$12.8m.
Solution Financial, Inc. engages in the provision of car leasing and financing services. The company is headquartered in Richmond British Columbia, British Columbia. The company went IPO on 2007-11-01. The firm 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 firm's customers include new immigrants, business owners and international students.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Financial Services
- Listed since
- 1 Nov 2007
- Employees
- 15
- Website
- solution.financial ↗
Leadership
Pay as last reported
- Mr. John SmythIndependent Chairman of the BoardC$36,000
- Mr. Bryan PangPresident, Chief Executive Officer, Director, since 2018C$190,800
- Mr. Sean HodginsChief Financial Officer, Corporate Secretary, Director, since 2018C$120,000
- Mr. Vincent LauVice President - Operations, Director, since 2018C$207,189
- Mr. Desmond BalakrishnanDirector
- Mr. John GowansIndependent DirectorC$10,000
- Mr. Kerry MeierIndependent DirectorC$25,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- 15 full-time employees provide focused service.
- Headquartered in Richmond British Columbia with three operational locations.
- Specializes in car leasing and financing for clients with limited traditional financing options.
Weaknesses
- Limited to three operational locations in Canada.
- Relies on a select group of automotive and marine dealerships for partnerships.
- Operates in a niche market with specific customer segments.
Opportunities
- Expanding services to additional Canadian cities could increase market reach.
- Growing demand for alternative financing solutions among new immigrants and business owners.
- Potential to partner with more dealerships to broaden service offerings.
Threats
- Competition from traditional Canadian financial institutions.
- Economic downturns affecting consumer spending on vehicles and luxury assets.
- Dependence on a limited customer base including new immigrants and international students.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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