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What does inflation and higher interest rates mean for businesses looking to finance?

November 14, 2022/0 Comments/in Blog/by Jess Wells-Flint

Inflation is now at a staggering 10.1%, the highest it has been in 40 years. As the Bank of England tries to tackle this and meet their target of 2%, we are seeing an increase in interest rates. We saw interest rates shoot up from 0.1% last December to now 3%! And they are only expected to rise for the foreseeable future.

How to protect your assets in a declining economy

Our current and predicted economy health is a daunting prospect to many businesses across the country. But here are some top tips on how you can preserve and protect the cash in your business.

Consider sale & leaseback

If you could do with an instant cash injection into your business, why not consider equipment refinancing (AKA sale & leaseback)? So, if you have purchased a piece of equipment for your business in the last 6 months you could get that cash reimbursed back into your business. This will instantly improve the health of your cash flow by allowing you to spread the cost of the asset over a period of 1-5 years.

Invest in renewable energy sources

At a time when energy bills are soaring, it’s a good idea to explore renewable energy avenues. At times like this it is important to keep your overheads as low as possible.
Now, we are conscious that the upfront price of renewables isn’t cheap. But we can help make the price of your desired renewable energy source more affordable with our finance options. From wind turbines to commercial electric vehicles, we can arrange a finance agreement tailored to your needs. Explore our renewable energy finance options here.

  • EV Finance

  • EV Charger Point Finance

  • Solar Panel Finance

  • Wind Turbine Finance

Not only are they helping to save the planet, but they are also a good investment that will ultimately save you more than just a few pennies.

Lock in the best rates now

As mentioned earlier on in this blog, the interest rates aren’t predicted to fall any time soon. So, should you have any investment plans we recommend that you lock in the best interest rates now. Our fixed rates mean that you won’t have to worry about our rates rising with the national base rate. Therefore, once your agreement is activated your agreed rate will stay the same throughout.

Contact Us

If you are interested in investing in your business with finance, please don’t hesitate to get in touch. Give us a call on 01494 611 456, or send an email to [email protected] and a knowledgeable member of our team can help you explore your options.

https://westwon.co.uk/wp-content/uploads/2022/11/inflation-blog-pic-min.jpg 630 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2022-11-14 09:00:242022-11-10 11:57:22What does inflation and higher interest rates mean for businesses looking to finance?

WestWon Dental Division Nominated for two dental industry awards!

November 7, 2022/0 Comments/in Blog/by Jess Wells-Flint

We are proud to announce that our dental division- WestWon Dental has been nominated for two Dental Industry Awards.

The Dental Industry Awards were designed to recognise and pay tribute to those who work in and alongside the UK’s dental industry. Therefore, we feel honoured to be included as a part of this event.

The award ceremony will be held at the Riverbank Park Plaza in London on 1st December. We can’t wait to meet with both new and familiar faces in the industry!

What awards are we up for?

WestWon Dental have been nominated for the follow award categories:

  • Funder of the Year
  • Corporate Social Responsibility

Why do we think we have been chosen for these categories?

Dental Industry Awards- Funder of the Year

WestWon Dental are the only dedicated finance broker to the dental sector, so it only makes sense for us to be strong candidates for the award.

With the WestWon Dental sales director having over 25 years’ experience working alongside the dental sector, it is safe to say that he knows his stuff when it comes to dentistry finance.

Dental Industry Awards- Corporate Social Responsibility

There are a multitude of reasons as to why we think we were selected as finalists for this award.

Here at WestWon we know how important it is to give back and try to contribute positively to society wherever we can. So, whether that be global, international, or local, we like to make an impact.

What are WestWon Dental doing locally?

With our Sales Director being based in Leeds himself, he has witnessed first hand an increasing problem with homelessness in the city. Therefore, he has taken it upon himself to participate it the Leeds Big Sleep. The Leeds Big Sleep is a fundraising event held at Headingley Stadium. Therefore participants sacrifice a night’s comfort to sleep out in the cold to get a feel for what it is like for homeless people every night. The money raised is then split between three charities: St George’s Crypt, St Gemma’s Hospice, and the Leeds Rhino Foundation.

What are WestWon Dental doing internationally?

For every dental finance agreement, we donate to the charity Wells On Wheels. This amazing charity provide easier means of women and children in rural India collecting water. This is done through the invention of the water wheel. The water wheel is a large water drum fitted with a long handle to make it easy to roll to and from the water source.

Before, women and children would have to walk miles with heavy pots of water on their heads. This then inevitably leads to physical ailments as well as lack of time spent in the classroom for children.

What are WestWon Dental doing globally?

More globally, the WestWon Woodland is benefitting us all. So far, we have planted 17,490 trees in various locations all around the world. And once the trees are fully grown, this will ultimately offset 580.705 tonnes of carbon. But we don’t plan on stopping here, we aim to have 100,000 trees planted in the WestWon Woodland by 2026.

Read all about the WestWon Woodland and how it works here!

We also make sure we are acting sustainably as we can as a company which means:

  • The introduction of company Electric Vehicles
  • No gas used in our offices
  • LED lighting in our offices
  • Thickest carpet and ceiling tiles to reduce our energy consumption
  • Recycling bins on all floors of our offices to encourage recycling wherever we can
  • Being a climate positive company (paying to offset all employee carbon emissions through climate positive projects around the world)
Anyway, enough about us

Good luck to all fellow finalists, we can’t wait to see you all at the awards ceremony next month!

Contact Us

To find out more about what we are doing for the environment here at WestWon and WestWon Dental, please don’t hesitate to get in touch. Therefore give us a call on 01494 611 456, or send an email to [email protected]. Alternatively, you can visit The WestWon Woodland page here.

 

https://westwon.co.uk/wp-content/uploads/2022/11/dia-blog-banner-min.png 630 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2022-11-07 09:00:072023-11-28 14:25:27WestWon Dental Division Nominated for two dental industry awards!

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The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check this on the Consumer Credit Register by visiting the FCA’s website here or by contacting the FCA on 0800 111 6768. WestWon Limited is a credit broker and not a lender. WestWon companies deals with a range of lenders. All WestWon companies hold a current Data Protection Licence and are registered for VAT. These details, together with our policy on Treating Customers Fairly, Complaints Policy and address details are held under our Get in Touch page.
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