Business Up and Bad Debts Down in Asset Finance

     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.