WestWon has just underwritten a rental agreement for a Fischer XAN 150 chamber, an X-Ray fluorescence instrument for measuring coating thickness and materials analysis.
The manufacturer Fischer sells material testing and micro hardness measurement equipment throughout the world, and WestWon has arranged a number of financing deals for this type of investment for UK clients. Contact WestWon on Tel: 01494 611 456 for more information.
Leasing equipment cuts recruitment costs
Building a team is an expensive task, and it’s only when you put your recruitment plan together that the true costs become fully visible. Planning also helps you to see opportunities to spread the cost more effectively through new employee equipment leasing options.
Let’s take a look at the typical outlay for a field-based ‘Business Development Manager’ in the first six months.
Cost Overview
Recruitment fees if applicable £5,000
Accommodation & training £1,500
Six-month investment into salary £12,000 (after any profits)
*Car lease deposit and charges £3,600
*Furniture £1,000
*IT and software £1,500
Total £24,600
So in summary it requires an investment of up to £25,000 to get the new employee fully up and running.
*Financing a car, computer equipment and associated office overheads – around 30% of the total cost (excluding recruitment fees ) – can help to make this process much less of a drain on cash reserves.
Contact us now on Tel: 01494 611 345 for tailored equipment leasing advice for your business.
WestWon is planning on doubling the size of its finance team in 2012 and, as a result of this positive growth, has recently relocated to larger premises in Buckinghamshire as well as launching operations in the North.
There are many costs associated with moving into and running new premises – the rent deposit, legal costs, new stationery, removals and dilapidations to name but a few. Add in the cost of recruiting new team members and additional salary costs and it is easy to see why expanding can be an expensive business.
Certain ‘soft’ expenses cannot be met through asset finance. However leasing office and boardroom furniture and fittings, CAT 5 cabling, telephone systems and IT equipment is a really attractive option for many businesses, including ours! After all, it makes absolute sense to preserve cash and retain bank facilities for working capital requirements.
Being in the asset finance and leasing business we passionately believe in the benefits of this form of lending, and as our recent office move demonstrates, we use it ourselves wherever we can.
Based in Central London, High Wycombe and Derby, Apple Premium Reseller Square Group provides consultancy, training, hardware, software, networking and maintenance solutions for business and education as well as wide range of products for personal use. The company has a well-earned reputation for innovation, having established the first high-street showroom for Apple products in 1999, and is the winner of the ‘Readers Choice: Mac User Reseller of the Year Award 2011’.
Square has been working closely with leading asset finance provider WestWon Limited to offer a range of tax-efficient leasing options for Apple computer equipment and software.
According to Shiten Patel, Business-to-Business sales Director at Square, “Square’s customers are looking for leading-edge technology and business expertise. Increasingly, we’re finding that leasing and asset finance from WestWon is an integral part of the solution.”
WestWon provides a range of finance options that allow organisations to manage their cash flow more effectively, while preserve existing lines of credit. Significantly, leasing also allows companies to upgrade their Apple technology more easily in line with future advances.
The asset finance broker recently set up a leasing contract for Square customer Shucks (www.shucks-studio.com), a leading London creative studio specialising in work for broadcast, digital and print. Including Apple hardware and software, the £10,000 contract will run over three years. WestWon also specialises in arranging asset finance for iPads and desktop computers for a number of educational establishments, from traditional academic schools right through to community enterprises.
Shiten Patel continues, “We have come to rely on WestWon Limited as an excellent source of asset finance advice for our customers, and we have been very impressed with how quickly our dedicated WestWon account manager can provide tailored quotes as well as related services such as insurance.”
“A finance broker that is willing to go that extra mile to find the best solutions for us and our customers is a valuable asset, and we’re delighted to have WestWon Limited ‘on the team’, he concludes.
WestWon expands into new Beaconsfield office
Beaconsfield-based asset finance provider WestWon Limited has moved into prestigious Grade II listed offices in the Old Town. The relocation has come about due to the increasing demand for business equipment leasing as bank lending remains tight.
WestWon has already hired several additional finance professionals this year, and has plans for further expansion before the end of 2012. The new hub of WestWon’s UK-wide operations is the former rectory-house in Windsor End. Overlooking the church yard, the timbered building dates from the early 16th century. The interior has been tastefully refitted for business yet retains many original features including open fireplaces and oak beams.
Founded 7 years ago, WestWon offers a comprehensive range of range of tax-efficient finance options to help organisations in the area manage their cash flow more effectively, while preserve existing lines of credit. Chief Executive Officer Jeremy Hall explains. “The move to the Old Rectory has come at the perfect time for us. Asset finance now helps to fund 27% of all fixed-capital investment in the UK, and over the last 12 months, we have certainly noticed much more optimism with UK customers investing in their businesses and seeing lease finance as a smart way of acquiring the equipment they need.”
The company, formerly of 27 London End, has published a new telephone number for equipment leasing enquiries Tel: 01496 611 456. The new address in full is The Old Rectory, Windsor End, Beaconsfield, HP9 2JW. For more information see www.westwon.co.uk
