Reliance Financial Contracts Ltd

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The Directors

Phil Matheson


Phil began his career in 1978 working for a local Toyota Dealer in Auckland, New Zealand, owned by the Fletcher Challenge Group. Following two years spent in the Group`s Head Office in Wellington, Phil went to Victoria University and acquired a Bachelor of Economics and Accountancy degree. Phil returned to the Fletcher Challenge Group taking the Chief Accountant role, before leaving in 1988 to join the Shelly Group.

Phil worked on a variety of projects before developing Shelton Investments Limited as a bone fide equity investment company. Much of his time was utilised conducting due diligence and subsequently overseeing the purchase and sale of investments. This involved buying and selling commercial properties, car dealerships (both volume and luxury), finance companies, horticultural businesses (farms and orchards), import and export distribution companies, forests, plus many residential rental properties. More recently, he became involved in the United Kingdom with Coomb`s of Guildford and Imperial Motor Components.

Phil acted as a director on the board of all the NZ Shelly companies (approx. 15), Reliance Financial Contracts Limited, other non-Shelly interests, as well as trusteeships on a number of private NZ trusts Phil was also the Vice President of Shelton Corporation, USA.

Hugh Sigrist

Having qualified in Business Studies and obtaining the Finance and Leasing Association Diploma Hugh began his finance career with United Dominions Trust, a TSB Group Company. Hugh moved to British Credit Trust, part of the Bank of Ireland, in 1986 where he won the company's National Sales Person Award of the Year for 1987/8. This was for the top sales performance for a national company with 46 branches. From third party introduced business (i.e. motor dealerships and brokers) he became actively involved in the corporate sector financing vehicle fleets, plant and machinery.

In 1987 he became Sales Manager, responsible for a book of £24 million, 6 sales representatives and three direct line sales people. In 1990 he became the company's youngest Branch Manager, gaining valuable experience in underwriting, sales promotions, bad debt control, audits, personnel etc. The following year his Branch became the largest producer of credit insurance/fee income in the country. Following the closure of British Credit Trust, Hugh joined Mercedes Benz Finance as an Area Manager and through this role enjoyed an in-depth knowledge of the operational complexities of a manufacturer finance house. It was through this position the opportunity and involvement at Reliance was identified. Hugh developed the current finance brokerage Reliance Financial Contracts Limited with the fellow directors becoming the Managing Director in June 2004.

Office of Fair Trading

Licensed under the Consumer Credit Act 1974 - CCA No. 285667.
Categories A-Consumer Credit, B-Consumer Hire, C-Credit Brokerage, D-Debt Adjusting/Counselling, E-Debt Collecting with the right to canvass off trade premises debtor-creditor-supplier agreements and regulated consumer hire agreements.

Reliance Financial Contracts Ltd
Executive Car Finance
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