Hire Purchase – Hire Purchase enables you to spread the cost of the asset, giving you eventual ownership at the end of the repayment period.
We can tailor a repayment plan to suit your budget and to allow for any seasonality in your business.
Features & Benefits
- Fixed monthly payments that allow you to budget accurately
- Ability to claim capital allowances against the asset
- Minimum capital outlay
- No VAT on monthly payments
- Eventual ownership upon payment of the ‘option to purchase’ fee
- Interest charges can be offset against profits to save corporation tax
Asset refinance/Capital release – This enables you to unlock valuable capital held in your assets. This is a simple and effective way of supporting cashflow for a growing business.
Features & Benefits
- Injects capital into the business
- Funds your business growth
- May reduce your current monthly payments
- Continued use of the asset being refinanced
- Capital raised can be used for the purchase of other assets that may not be suitable for standard hire purchase or leasing
Finance Lease – Leasing is essentially a contract between a funder and a customer that gives the customer the use of the asset in return for a rental payment over an agreed time period.
You pay regular instalments of capital, VAT and interest. At the end of the agreement you may enter a secondary period rental in order to keep the use of the equipment.
Features & Benefits
- Flexible rental patterns and lease periods
- Minimum capital outlay
- Ability to offset profits against rentals
- VAT registered companies can usually reclaim VAT on rentals
- Repayment schedule in line with income generated by the rental
Invoice discounting & Factoring - Invoice discounting can improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices.
Features & Benefits
- Release up to 90% of the invoice value within 24 hours
- Full credit control service is available with factoring
- Confidentiality is available with invoice discounting