In December 2015 we started to use twitter to get our key messages out to a wider audience. We feel it is important both for our existing customers, as well as reaching potential new clients, to embrace new media (as in Twitter/Facebook/Linkedin etc) and we’re learning a few lessons along the way.
We’re hoping that with some professional external help on board, we will be making all our corporate and client communications more regular and even more interesting!
Please help us by following us on Twitter @proleasefinance to keep up to date with our news, comment and shared interests.
Our supplier asked us to speak directly to their customer- who is involved in distribution and has been established more than 20 years. The business is expanding and the management team wanted to make more efficient use of existing premises by installing pallet racking and mezzanine floors. The install meant that the existing lighting would need to be reconfigured and was therefore easier to replace with new cost saving LED lighting representing 50% of the £250k order value.
Interestingly the customer had been planning to delay going ahead with the full project owing to the high cost. They were surprised and very pleased to learn that Prolease can offer hire purchase or lease finance for this type of equipment.
The installation is being phased over the next three months. On previous jobs like this we have provided stage payments however, on this occasion it worked out better for the customer to write the deal in four separate HP agreements, paying out when each phase is complete.
The customer is taking out Hire Purchase agreements over a six year period and benefitting from 100% annual investment allowances. Prolease is very pleased to be involved and this example demonstrates that we have the flexibility to work around supplier and customer needs at all levels and UK wide.
We provided asset finance for specialised VNA (Very Narrow Aisle) trucks for a new ambient storage warehouse. This was part of a significant expansion plan. We love forklifts and warehousing so there was no problem getting them agreed at an excellent rate! The business is now reaping the benefits of their new warehouse and the forklifts are helping to increase productivity.
Would your business improve profitability with new equipment?
Call or email us to find out how can we help.
This repeat customer came to us as they had found a van they were looking for to expand their fleet of courtesy vehicles. Prolease are able to offer very competitive rates for vehicles and the customer chose Hire Purchase over 48 months, enabling them to own the vehicle outright at the end of the term and claim 100% Annual Investment Allowance. From proposal to payout the whole process took only 2 days. Our customer is very happy and has already returned looking for more finance!
Contact us to get a competitive quote for whatever vehicles you are considering, new or pre owned are both available.
Our new supplier emailed us the details of a sole trader who specialises in traditional handcrafted buildings and landscaping. The customer was was spending £500 a week on the rental of scaffolding!
The Roofline System was the perfect, affordable solution to bring the temporary structuring in-house. Prolease contacted the customer and agreed a three year deal with just 36 monthly payments.
At the end of their lease the customer can own the Roofline System for the equivalent of one monthly payment. The customer can’t wait to see the difference it makes to their profits!
This repeat customer owns a petrol station with a franchised shop. They were given a set amount of money by the franchiser but needed to raise funds in order to bring it up to the specifications they wanted.
The customer gave Prolease their invoice to look over as they didn’t think any of the equipment on the list was fundable. Prolease spotted some refrigeration units and immediately had a funder in mind for the finance.
Prolease agreed the monthly cost with the customer and got the finance accepted within 24 hours. The new and improved shop is already bringing in more customers and the other parts of the business are benefitting as a result!
The annual investment allowance for business has been increased from £25k to £250k which means Hire Purchase and Lease Purchase will be more tax efficient than leasing for many businesses.
This is effective from Jan 2013 and lasts for 2 years.
The annual allowance rate does depend on the financial year end as there are now several different rates in place. A customer’s accountant will be able to advise on the financial impact..
Not every business will be able to get HP due to the implications of the consumer credit act.
Please contact us if you need more information.