WestWon secured the business based on its ability to provide a residual equipment value of 15% along with a comprehensive insurance package.

Talking about the deal, WestWon’s Jeremy Hall commented, “iPads are rapidly becoming common in education and commercial sectors and at WestWon we are committed to providing a service that meets the specific needs of this market. While other leasing companies may be able to recommend insurance, customers appreciate the seamless way in which WestWon can also finance the residual value.”

According to our Client Services team, the SCM-EasyPak range of case closing machinery – which includes the CS100, CS200, CS300, CS400 and CS500 models – seems to be particularly popular at the moment with WestWon having successfully quoted on several finance arrangements for these since Easter.

For more information about leasing options for similar equipment, please email info@westwon.co.uk

Finance for iPads in Education

Award-winning Apple Reseller Square Group is running a special seminar for Education entitled ‘Learning with iPad’ next Wednesday 16 May in London and WestWon Limited is delighted to announce that it will be speaking at the event.

WestWon has recently completed a number of high-profile asset finance arrangements for schools and other educational institutions in conjunction with Square.

WestWon speaker Jeremy Hall has many years experience in IT leasing for Education and is well-placed to discuss the benefits of leasing and associated considerations such as insurance along with the specific requirements of the sector.

The event is free of charge and will be hosted at the Wellcome Collection in Euston Road.  For further details and to register your interest, please visit http://bit.ly/HRWO2N 

     Businesses successfully using Asset Finance

Interestingly, here at WestWon we have seen a marked increase in the volume of asset finance transactions in the first Quarter of  2012 compared to the same period the previous year. As our CEO Jeremy Hall puts it “There is definitely more optimism with customers investing  in a wide range of assets, and seeing  lease finance as a smart way of acquiring the capital equipment they need to run their companies.”

Another interesting point is that bad debts have remained at an all time low. Reports suggest that many companies that were struggling went out of business between 2008 and 2010. During 2011 and Q1 of 2012, there has been next to no bad debt, a sure sign that things are improving in the market.

Schools are using Finance for Technology

Interactive whiteboards are now common in most UK educational establishments. The Government has helped to finance many of these in the past, but nowadays schools are increasingly putting rental agreements in place, often over three to five years.

Audio visual company Smart Presentations Limited  recently supplied  one customer with nearly £10,000 of equipment, including a NEC U260w ultra short throw projector, NuVo amps and speakers and a 42″ Plasma LCD TV. The school opted to pay for this via a three year rental with WestWon.

Craig Booths heads WestWon Asset Finance's Northern Operations

With wide experience of the asset finance and leasing sector gained with household names such as HSBC, Nat West and First National, Craig is keen to point out that he also has first-hand knowledge of the day-to-day challenges faced by many businesses today, having taken up the role of logistics manager for CitySprint in Hemel Hempstead  in 2010. Now Craig is delighted to be going back to his roots – both as an expert in asset finance with WestWon and as a ‘Last of the Summer Wine’ local.  When not working, Craig enjoys spending time with his wife of 25 years and his two children, as well as road biking around the beautiful hills and dales of the region.

According to Craig, “Industry figures show that asset finance and leasing is increasingly being used to fund business and public sector capital investments in the UK – because it makes business sense. Around the Huddersfield area, there are wealth of traditional and new industries which need to buy or replace vital equipment. We can help them do it in the most tax efficient way, and also, crucially, avoid the whole issue of obsolesce.”

“I’m delighted to be joining a highly successful company like WestWon Limited, and very much look forward to assisting many local businesses over the coming months and years.”

For more information, email craig.booth@westwon.co.uk

And for businesses seeking to maximise their tax allowances, clearly now is the right time to act if they are considering a Lease Purchase Agreement for additional or upgraded equipment. This is because the deadline for the new Financial Year is fast approaching – bringing new rules that will likely affect the tax position of many UK businesses and their ability to claim tax relief.

To find out more about these significant tax implications and how they may apply to your business, call Kevin, Alex or Jeremy on 01494 689 535 or email kevin.stocker@westwon.co.uk

The WestWon team

Are you actively assessing – not just credit checking – the financial performance of your customers and suppliers?

Why should you? Well, if long-standing clients suddenly started paying your invoices in 70 days rather than 30, would that hurt your profit margins? Wouldn’t bad debts or non-delivery of goods damage your cash flow and reputation?

In today’s volatile marketplace, more and more businesses are recognising the need to actively protect their financial wellbeing. And with WestWon Dashboard it couldn’t be easier to set up your own ‘watchlist’ of companies and personalise the type and timing of information you receive.

Watch this short Dashboard video and see what we mean…

More about WestWon Dashboard 

WestWon Dashboard puts you control
1.    Instantly set up portfolios of suppliers, customers and competitors and monitor them in real time. (See where they are as well – thanks to integrated Google Earth)
2.   Spot which of your current trading partners have suddenly stretched their payment cycle. (Doesn’t it make you wonder why?)
3.   Enjoy the intuitive design that minimises time spent on routine tasks – all at a highly cost effective rate.

You’ll appreciate the ‘inside track’ provided by WestWon Dashboard on the tough economic road ahead. Contact us now to arrange your FREE TRIAL now.

We offer a preferential range of services to clients, including reviews of current leasing arrangements and advice on new ways to drive your business forward, while maximising your cash reserves, tax advantages and cashflow. Should you be experiencing asset issues, be it a requirement for new computers or any type of equipment or new technology, please contact us to request further information on the asset finance and leasing opportunities specifically available to your business.

For this or any other query about your contract, please contact WestWon Client Services on Tel: 01494 689 535

The WestWon team