How Would You Like To Win £1,000?

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Simply for doing your own job well…

Well you can at WestWon under the company’s current sales incentive scheme, ‘The Wheel of Fortune’ – an initiative that shows that WestWon is not only a leading UK leasing company, but also an organisation that is leading the way when it comes to team-building and enhancing employee morale. And what’s more, WestWon is currently recruiting for up to 6 Business Development Managers based both in its Southern Office in Beaconsfield, Buckinghamshire as well as opportunities in its Leicester Office, in Glenfield, Leicestershire. Business Development careers at WestWon come with a good basic salary, benefits and uncapped commission, so really, they offer a dream opportunity for people who aspire to a rewarding customer-focused sales role.

More About the WestWon Wheel of Fortune …motivating achievement and rewarding results 

One of the main attractions of working at WestWon is the company’s ‘work hard, but have fun while doing it’ culture.  The launch of the 2014 sales incentive scheme – WestWon’s very own ‘Wheel of Fortune’ is a prime example of this. The idea behind The ‘Wheel of Fortune’ is simple – on certain days of the month, everyone  in the company agrees a performance objective and is awarded points for achieving it. Excitingly, points equal instant prizes at the end of each ‘sales day’ – anything from cinema tickets to a bottle of champagne to £1,000 in cash!  And as the lucky winner in January 2014 will testify, there’s nothing quite like the buzz created by spinning the wheel and walking away with the month’s ‘Star prize’ – in January a cheque for £1,000!

The management team is focused of motivating individual performance and creating a strong team. So most of the company’s performance incentives include rewards for both sales and administrative staff too.  In the Spring for example, WestWon is going to the West End and later in the year, even further afield  for a team-building conference at a  destination yet to be revealed!

 Time to make your own fortune with a career at WestWon…

If you are interested in finding out more about a career at WestWon please see our current vacancies here. Or call Andy McCready now on Tel: 01494 611 345. It costs nothing to have a chat that could change your life …

“I love working for WestWon because the possibilities are endless. I know that any goal is achievable and I have the full support of WestWon to help me to achieve my goals. I also get to dress up like the Incredible Hulk and Noel Edmonds and not look out of place.” Carl Redding, Business Development Manager

WestWon Is Recruiting Business Development Managers (Asset Finance & Leasing) In Beaconsfield And Leicester

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Are you ready for your next career move? Leading leasing company WestWon Limited is now recruiting 6 business development managers based in Beaconsfield, Buckinghamshire and Glenfield, Leicestershire.

The person

To apply for this role you will ideally have at least one year’s experience in a commercial customer-facing role, for example estate agency, and be able to demonstrate financial acumen, excellent client service skills and competent IT skills.

You will be equally happy dealing with customer and prospects face-to-face and on the phone, and will be motivated by working in a target-driven role. As well as a strong individual performer, you will also be a team player and keen to contribute to the continuing growth of the company. Cold calling is an important element of the role, so if you don’t enjoy picking up the phone, please don’t apply.

The business development role

Business Development Managers are required for the following sectors

  • Office Furniture and Fit Out
  • IT – Hardware, Software and Services
  • Education
  • Internet Sales (Beaconsfield-based only)

After an initial induction period, including training on WestWon’s state-of-the-art CRM system, you will be assigned an area/ portfolio of companies and will work to weekly and monthly performance targets.

The leasing company

Established in 2004, WestWon is one of the UK’s leading and fastest growing leasing companies providing asset-based finance to all types of companies throughout the UK and N. Ireland.

Innovation is an important aspect of the WestWon culture and we use the latest online technology both to manage our customers and market our services.

WestWon specialises in IT leasing, computer leasing, software leasing, office furniture leasing, office fit out leasing and waste and recycling equipment leasing along with many other sectors.

WestWon Education PLC caters specifically for the needs of the education marketplace and has developed the acclaimed WestWon Parent Portal parental donation funding system for schools.

The Package

These roles offer a basic salary based on experience + commission + company benefits including 20 days holiday and pension scheme.

For more information and to apply, please contact a WestWon employee via LinkedIn or Facebook or Tweet to @WestWonLimited. Alternatively, please call Tel: 01494 611 456 stating where you saw the role advertised.

(STRICTLY NO AGENCIES – Please be aware, we will not respond to agencies who contact us about this role)

www.WestWon.co.uk

www.WestWonEducation.co.uk

Entrepreneurial Epoq IT Signs Partnership Deal With WestWon Leasing Company

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Award winning IT Service Provider, Epoq IT, has signed up to the WestWon Partner Leasing Programme in a move that underlines the leasing company’s growing dominance within the IT Sector. As a result, the innovative IT reseller can now offer its customers instant lease quotes as a tax-efficient method of payment for their hardware, software and IT service needs.

Leasing For IT Hardware, Software and Services

Gary Swanwick from Epoq IT commented, “We see the formalisation of our relationship with WestWon as a very positive move for our business, and we are excited to be able to offer very attractive leasing options backed by the expertise and service of a leading leasing company in the sector.

“Since joining forces with WestWon, we have already written a number of leasing deals, with one customer alone having leased IT hardware, software and services totalling more than £70,000.  We are also delighted to be in line to become one of the first resellers to benefit from WestWon’s new ‘Online Leasing Shop’ – due to be launched in Spring 2014.” Gary concluded.

According to WestWon’s Sales Director Andy McCready, “As the winner of Small Business of the Year award 2013, and with Managing Director, Gary Swanwick, having won the award for Entrepreneur of the Year 2013, Epoq IT is a perfect fit for the type of forward-looking organisation that WestWon is delighted to welcome onto the WestWon Partner Programme; and we anticipate a highly successful year working together in 2014.”

IT Leasing Partner Benefits

Working in partnership with WestWon enables resellers such as Epoq IT to offer a range of flexible, tailored finance solutions so that customers can invest in the equipment and technology they need right away, and crucially in the IT arena, upgrade more easily to avoid future technology obsolescence.

WestWon provides a range of support options for reseller partners, who wish to offer their customers a finance option, including

  • Instant quotes and highly competitive rates via the WestWon Partner Portal
  • Dedicated WestWon Account Manager to help you grow your business
  •  Branded finance portals for authorised WestWon partners
  •  Finance partner logo and plaque
  • Sales training and marketing support

 

For more information, contact WestWon on Tel: 01494 611 456 or see http://oldwestwon.wpengine.com/home-page/resellers/

How To Calculate the APR on a Leasing Deal?

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If you are considering leasing v buying your business equipment, the next step is usually to look at your available leasing options in some detail. At this stage, it is very helpful to know how to calculate the APR (Annual Percentage Rate) on a leasing deal.

How Much Interest Am I paying On My Leasing Deal?

In order to calculate the APR on a leasing agreement, you need to know:

  1. The capital value of the equipment
  2. The Term over which you wish to lease and lease profile
  3. The lease rental payment
Sample Lease Cost Calculation

Let’s look at a typical equipment leasing example:

  • The equipment you wish to acquire is a computer system with a Capital Cost of £10,000.00
  • The lease rental agreement is based on 36 monthly repayments with one month payable on delivery
  • The quoted lease rental payment is £320.00 per month

In this example, the total rental repayments come to £11,520.00, comprising of the Capital Cost of £10,000 plus total interest of £1,520.

Working out the Leasing Deal APR

The next step is to work out what the flat rate interest is on your deal. To do this you simply divide the total interest payable by the number of years. In our example:

  • Interest of £1,520.00 over three years equals £506.70 per year.
  • Divide this annual figure of £506.70 by the Capital Cost of your equipment; in this case £10,000. This gives you a flat interest rate of just over 5%.
  • The APR is roughly twice the flat rate, hence the APR in our  example is 10%

As a first step, why not try the WestWon lease calculator to work out a sample lease rental cost for your required business equipment, or call WestWon asset finance experts on Tel:01494 611 456 for more information.

Even The Office Kitchen Sink Can Be Leased For Business

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What can you lease for business? Did you know that organisations both large and small – well-established and even new start SMEs too – can lease almost any type of business equipment, hardware, software, office furniture and fit outs, not to mention moving premises and machinery? In fact, if you can name it, you can probably find a food lease option for it too … yes, including the staff room kitchen sink! You simply chose the equipment you need to grow your business and the leasing company – like WestWon leasing –  provides the asset funding.

5 Key benefits of leasing for business
  1. Lease payments can be set against profit, thereby potentially reducing tax bills.
  2. Flexibility and cash flow boost: you can obtain the business equipment and technology you need without tying up available cash and lines of credit.
  3. Your business can also get an instant Return on Investment as once you make a set initial payment, you can acquire and start using the asset immediately, while spreading payments over the useful life of the equipment.
  4. Flexible repayments: lease payments can be tailored to match seasonal cash flow. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.
  5. Avoidance of equipment obsolescence and easier upgrades in the future: increasingly vital as more and more businesses are becoming technology-driven.
Which Business Sectors Use Lease Finance?

Most if not all business sectors use asset-based finance as part of their financial planning. We regularly arrange lease finance agreements for organisations requiring:

 

WestWon is a leading UK leasing company completely independent of any supplier or manufacturer, you can choose any combination of equipment and technology you require for your lease agreement. WestWon is also happy to help recommend suppliers if you don’t have one in mind.

For more information about how leasing versus buying can work hard for your business, contact WestWon on Tel: 01494 611 456.

 

IT Equipment: Lease cost £1,044.27/Monthly

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WestWon provided a company based in NEW MALDEN with a lease agreement for IT computer equipment via a WestWon Partner.

Capital Cost: £43,499.00 ex. VAT

Lease Rental: £1,044.27 ex. VAT

Payment Frequency: Monthly
Lease Period: 4 Years

ManufacturerModelDescriptionPart No.Quantity

Can I Get Out Of A Business Computer Lease Agreement?

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You choose your supplier of computer equipment; you agree a price and then acquire the kit via a leasing company under a lease agreement, typically over a term of between two and five years.  But then, circumstances change, and you are suddenly left with a lease for IT equipment that you no longer need with months of outstanding payments to make.

In this scenario, you may wish to terminate your lease agreement and send the leased computer equipment back, but this is not always easy to do without settling the agreement.

All lease agreements contain clauses that say you can cancel the agreement, but you must still pay the outstanding lease rentals. This is only fair and reasonable – after all, if you bought a house and after a few months decided you wish to move again, you would not expect to be able to hand the keys back to the mortgage company without honouring the terms of your mortgage agreement.

Early settlement of a lease agreement

Ask for a settlement figure

The first thing to do is to speak to the leasing company and ask for a settlement figure. This is the amount of money that the company will accept to terminate the agreement.  If you have signed a lease rental agreement, you will then have to hand the equipment back to the leasing company.

Negotiate the purchase of the leased equipment

Alternatively, you can try and negotiate purchase of the equipment from the leasing company.  Leasing companies, banks, lessors, finance companies, underwriters – (they all are exactly the same) do not like bad debts. They may say you have to return the equipment as they are the legal owner of the equipment, but the chances are they will not want to take it back. Secondly, if they fear you may not be in business much longer then again, they may be more inclined to negotiate with you.

Transfer the equipment lease

Another idea is to pass the lease onto another company. Transferring a lease to a third party is possible subject to a small charge, assuming the credit profile of the third party is either equal or better than yours. But, you must tell the leasing company first as they have to agree to the transfer. Some companies get around this by sub-letting the equipment, but under the terms of many leases, this is not normally allowed.

What if the leased equipment is defective?

If the equipment does not work or there are serious quality issues with it, you should take this up with the computer supplier direct. If the equipment is defective, you could still obtain a settlement figure and ask the supplier to pay for it.

For more information about IT leasing, computer leasing and software leasing contact WestWon on Tel: 01494 611 456

New Year, New Office Furniture And Fit Out?

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Whether refurbishing your existing office premises or launching a new start-up, companies today are rightly turning to lease finance to fund their new and improved working environments. And furniture is a key element in any office fit out project plan.

Furniture can be stylish to reflect your brand image and it certainly must be practical and withstand wear and tear. Whatever you brand and range you choose, leasing office furniture and office equipment as part of your office fit out project makes perfect sense as it allows you to spread the cost over the useful life of these items.

When it comes to selecting office furniture as part of your office fit out, there are few limits on what can be included in a lease agreement: Typical items of furniture that companies lease include:

  • Office desks
  • Office chairs
  • Office pedestals
  • Office boardroom tables
  • Office boardroom chairs
  • Meeting room tables and chairs
  • Office reception desks
  • Office receptions tables, chairs and sofas
  • Office AV systems
  • Appliances for office canteens and kitchens
  • Office canteen tables and desks
  • Office staff room furniture
  • Office gym equipment

Furniture leasing is flexible and cost-efficient

The workplace environment has a major impact on employee productivity and morale as well as company image. Leasing allows our customers to acquire the type of furniture they need, when they need it, without upfront capital outlay. Companies simply choose the items they require now and pay for it through regular tax deductible payments over the useful lifecycle of the investment – normally 2 to 5 years.

Staged lease payments for office furniture

You can arrange for the lease payments for your furniture to start as and when it is delivered, regardless of when you receive funding for other parts of your office fit out project.

For more information about including office furniture and office furniture packages within an office fit out lease agreement, please contact WestWon on Tel: 01494 611 456 or email [email protected]

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