July 2012 - WestWon

WestWon Limited Appoints Two New Board Directors as Company Expansion Gathers Pace

July 24, 2012/0 Comments/in News/by Jess Wells-Flint

WestWon Limited has today announced the appointment of two new Directors, Andy McCready and Kevin Stocker, as part of the company’s strategic plan for growth. The organisation has recently stepped up its activities in the North of England and is planning further investment in its new Internet arm. It is continuing to focus on the expansion of the Business Development team and is currently recruiting another two new members of staff.

Newly appointed Sales Director Andy McCready joined WestWon Limited in September 2011 to launch WestWon Dashboard – the company’s credit reporting and profiling solution. He brings a wealth of experience to the role of Sales Director, having gained in-depth business development experience during his time at Wyse Assist and Dun & Bradstreet and previously been sales manager at the CCTV Centre and Amicitia. As a former President of Marlow Chamber of Commerce, he has also forged strong links within the local business community.

Since joining WestWon Limited in April 2011, Kevin Stoker has driven the company forward with the development of key processes and relationships for the administration and funding of client leasing agreements. In the role of Operations Director, he will continue to build on these firm foundations as the business and its client base rapidly expands. With many years experience of the leasing and asset finance arena – previously ay Mill Wood Finance Ltd. and Wyse Leasing PLC – Kevin’s contribution to the company and to the team has been invaluable and will continue to provide inspiration through the next phase of growth ahead.

Elsewhere, James Fletcher has joined WestWon to launch the company’s operations in the Manchester area, while Richard McGrath will focus on WestWon’s new and existing clients in around London. Recruitment for the new positions of Business Administrator Executive and Digital Media Markerting Executive is currently underway.

Company founder and CEO, Jeremy Hall, commented, “New Board Directors Andy McCready and Kevin Stocker bring invaluable experience to the table and I believe they have a substantial contribution to make to driving the company forward at a strategic level.

WestWon is right at the forefront of meeting client’s requirements for competitive, easy-to-arrange asset finance as well as a raft of associated services such as insurance. With these new appointments, we are more than ready for further growth in demand.”

For more information contact [email protected] or Tel: 01494 611 456. www.westwon.co.uk

WestWon Launches Insurance and Extended Warranty for Laptops and iPads.

July 20, 2012/0 Comments/in Laptops, News/by Jess Wells-Flint

WestWon is now offering insurance and extended warranty for laptops and iPad’s. With the explosion in sales of tablets, the company is responding to growing demand for clients for this type of add-on service.

The worldwide insurance policy provides cover for theft*, fire, flood and accidental damage – for example, a cracked screen can cost £200 to mend so under £30 per year to insure an iPad represents excellent value. And while most tablets come with a one year warranty as standard, you can extend the manufacturer’s warranty by between one and four years for £30 per year.

*subject to police report reference number being provided

Printing Equipment Ideal for Leasing

July 17, 2012/0 Comments/in General/by Jess Wells-Flint

Equipment leasing makes sense for printing companies

Question: why is equipment leasing so popular in the printing industry? Answer: simply because it makes great commercial sense!

Anyone who has visited a printing company’s premises must have noticed just how much these businesses have to invest in buying machinery and equipment. Even a smallish print shop must acquire items such as digital copiers, guillotines, printing presses, laminators and strapping equipment.

Fortunately printing equipment can all be leased and, in most instances, it is. Key to this trend is the residual value – or resale value – of printing equipment. As with a lease and return car lease, where the resale value of the car is high, the attractiveness of the proposition for the finance company grows. Printing equipment tends to keep its value well thus reducing the risk for lending for the leasing company and increasing the flexibility and cost-efficiency of the transaction for the client.

Major UK Retailer Selects WestWon Leasing

July 12, 2012/0 Comments/in News, Retail/by Jess Wells-Flint

WestWon has just completed a £120,000 rental agreement with one of the UK’s largest retailers for a fully automatic channel baling press.

The baler, 12 meters long and 4 meters wide, boosts an impressive 120 tons of pressing power and is just one example of the trend for retailers to lease rather than purchase this type of expensive yet essential equipment.

For more information on WestWon’s latest leasing solutions for the retail sector, including waste equipment, computers, software and shop refits, call us on Tel: 01494 611 456.

WestWon Signs Lease Funding Agreement with Grenke

July 10, 2012/0 Comments/in News/by Jess Wells-Flint

WestWon Limited has announced that it has set up a new line of finance with leading European IT and office equipment funding specialist Grenke. The agreement heralds a welcome return for the German asset finance company after its withdrawal from the UK leasing marketplace during the credit crunch of 2008.

The new funding facility will accelerate WestWon’s penetration of the photocopier and telecoms leasing sector. The news comes on the back of WestWon’s recent acquisition of AB&C Finance PLC with its portfolio of telecom customers and suppliers as well as the company’s recruitment of a new Business Manager, a specialist in photocopier leasing.

According to WestWon’s Head of Operations, Kevin Stocker, “Having Grenke on board is very positive news for WestWon, for our customers and for our suppliers.”

“Not only does it underline our commitment to providing highly competitive finance services for telecoms and photocopier transactions in the £5,000-£100,000 range, it also clearly demonstrates that international confidence has returned to the UK leasing and asset finance sector,” he concludes.

WestWon acquires UK Leasing Broker Capex Limited

July 4, 2012/0 Comments/in News/by Jess Wells-Flint

WestWon Limited has announced the acquisition of UK leasing broker Capex Limited to include the client base and Intellectual Property of the organisation.

Founded in 2003 by Philip Brook, one of the founders and shareholding directors of Syscap, Capex Limited had become a well known and respected brand in the national leasing marketplace.

WestWon’s Chief Executive Office Jeremy Hall said,” We have already stated our intention to expand our operating base through acquisition as well as organic growth. Capex has been a worthy competitor for a number of years and is an ideal fit for our business model.

We are looking forward to building strong and mutually beneficial relationships with our newly acquired Capex customers and suppliers alike.”

University of Exeter leases HSM Baling Press with WestWon

July 2, 2012/0 Comments/in News/by Jess Wells-Flint

Leasing equipment has advantages for universities

The University of Exeter has just taken delivery of a new HSM V-Press 605 baler on a lease arranged by WestWon. The machine is ideal for pressing cardboard or plastic film in areas where space is limited

Universities are increasingly turning to a lease or rental agreement as a means to acquire costly capital equipment. Often they chose this approach for budgetary purposes, even though they may have the finance available internally.

Switching the payment method from outright purchase to rental changes how the equipment is accounted for. This way the cost is allocated to a revenue as opposed to a capital budget, which has obvious advantages for many educational organisations.