As we drew the curtains on 2022, we made one last conquest of the year. We saw this opportunity as the cherry on top of an amazing year. So, we are now proud to announce that we have acquired another leasing company, Midas Corporate Finance Limited.

Midas Corporate Finance was incorporated by Gary Ambrosini in September 2007. Being based in Oxfordshire, Gary’s main focus was on vehicles and hard asset funding. Over the fifteen years the company was trading, Midas built up a large client base all over the UK and wrote many £m’s in lease finance. Gary, who turned 66 in December, decided it was time for retirement after spending most of his adult life working in leasing and asset finance.

Gary speaks on passing Midas over to WestWon, “It comes to that time when you wish to hang your boots up and retire. I was looking for a clean break, a company or an individual that would not just buy the company but one that we could trust with our customer base.

We did have a couple of offers, however, one of the offers wanted to pay for the business over a period of time. WestWon was the best option for us, a quick and simple deal. As it happened, they use the same funders as we did, hence we felt confident of a smooth transition.”

Speaking on behalf of WestWon, Jeremy Hall, CEO mentioned, “The first time I spoke to Gary was in March 2021. We had just acquired the Midas Leasing customer base from Vince Truby. As they had similar company names, I felt it prudent to say hello and introduce myself in case of any brand issues or customers contacting the wrong Midas.

Gary and I got on extremely well when we met up in 2022, we have similar values around customer care. His client base is great, there being many relationships going back over 20 years. We look forward to speaking to their clients.”

Contact Us

Here at WestWon we are more than qualified to take care of your asset finance and leasing needs. We now have over 45 years in business and a team of experts behind us. So if  you are looking to obtain finance for your business, rest assured you are in the right hands. Give us a call on 01494 611 456, or send an email to [email protected].

We are proud to announce the successful launch of Mission Control!

On Wednesday 7^th of December, we officially launched Mission Control. Now you may be asking yourself, what is Mission Control? Mission Control is the new name of our offices ever since our recent office refresh.

So, we thought the best way to showcase our new look was to make an occasion out of it! Therefore, we invited a panel of our funders as well as a few other stakeholders that we work closely with along to hop onboard Mission Control!

The day was a great success, with a turnout of over 50 attendees. It was a great opportunity to celebrate Mission Control with champagne, canapes and networking!

Why Mission Control?

At WestWon we are always striving to do better and reach our highest potential. And what better theme symbolises that than outer space?

However, infinity and beyond isn’t our only theme. Our offices have 3 floors, and each of them have their very own meaning. So, let’s take a journey up Mission Control…

Ground floor- The WestWon Woodland

We thought it only made sense to make our ground floor woodland themed. As you may already know, the restoration of the planet is a cause close to our hearts here at WestWon. So the WestWon Woodland echoes throughout the floor, immediately showing visitors of the building what we stand for.

The Wyse Bar

It is always important to stay in touch with your roots. Hence the name “The Wyse Bar” is derived from our company’s foundations… Wyse Leasing. We also thought that the Wyse Owl also ties in nicely with the woodland theme we’ve got going on! You can watch the opening of the bar here!

First Floor- The Cabin of Clouds

As we progress upstairs to the first floor, you are instantly feeling on cloud nine. As you may have been able to guess from the name of the floor, this space is cloud themed. This again symbolises advancement.

Top Floor- Mission Control

As we advance further, we then reach the top floor- Mission Control! The message behind this is the potential we give our employees to grow and advance their careers.

We are a growth-centred company in many ways, for trees, businesses, and all our team, so we believed that it was important for our workspace to reflect that.

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Why did we decide it was time for change?

The interior design of our offices was left mostly untouched ever since we moved offices 5 years ago. We grew bored of plain white walls and decided we wanted our workplace to show who we are and what we are all about.

Not only this, but we wanted to make it an even more exciting place for our employees. The mental impact of workspace design is often overlooked, this is a place that most of our team spend a significant amount of their time. Therefore, it is crucial to create a workspace that is not only aesthetically pleasing, but also inspires and boosts productivity. But we hope that our new and improved look does all three!

However, we are not only focused on retaining our existing members of the team, but we are actively looking to attract new recruits and we hope that our new design will help us achieve that.

Become part of a cosmic team!

“Explore the infinite opportunities here at WestWon”

We currently have three amazing opportunities available to propel your career. Why not get in touch to explore your possibilities? Give us a call for an informal chat about our current roles on offer, on 01494 611 456. Or send your CV to [email protected].

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.

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.

Everyone in the county is feeling the pinch right now. Including businesses. That is why it is important to keep overheads low and protect your cash flow.

With inflation now being at 10%, overheads are becoming increasingly expensive and if you are not giving employees a rise at this time you are essentially cutting their wages. So with supplies becoming increasingly expensive, and employees requiring higher salaries, many businesses are feeling the pressure. To add to this, we are also seeing interest rates rise as the government attempts to suppress demand, currently at 1.75%. However, they are only expected to rise as inflation does too.

So, here are some top tips on operating under a tricky financial climate…

Prepare for future increased costs

In this unpredictable climate, when prices and interest rates surge without warning, it is key to prepare. Therefore, you should be stocking up now before prices increase any further. So now is time to proceed with any buying plans you may have.

Easier said than done though, right? Especially when you have a cash flow to consider. But that is where we can help, we can help you gain your desired goods whilst maintaining a healthy cash flow. But more on that later.

Negotiate

Now more than ever is it important to try and get the best possible price. So now is the time to work on your haggling skills, remember that every penny counts. It is always worth asking for wiggle room as I’m sure you’ve been told before- if you don’t ask you don’t get.

Reevaluate your overheads

Cutting any unnecessary costs at this time is vital, as mentioned above, every penny counts as it all adds up.

Also, it might be time to start shopping around. Perhaps you have an overpriced supplier that you have been using for yonks that you have just never considered changing. As a loyal customer, there should be more than enough space for negotiation, and if they don’t budge it is probably a sign to start looking elsewhere.

Review your prices

As you are most likely already aware, raising prices often leads to a decline in customers. Therefore, a good strategy is lowering the prices of one or two of your bestsellers. This will attract new customers who will then hopefully go on to buy other products of yours. Therefore, you can remain competitive and will make up the costs elsewhere.

Focus on retaining existing customers

Apparently, attracting new customers costs up to 5 times more than just keeping existing ones. So, this is an important time to identify what keeps your customers coming back and focus on keeping up the good work!

Obtain finance

Business loans are a fast and effective way of getting an instant cash injection into your business and improving your cash flow.

However, for if you have your eye on a specific piece of equipment, asset finance and leasing might just be ideal for you. With our flexible finance options, you can acquire the kit you need and still keep cash in the business to be used elsewhere. We can work with a supplier of your choice, or if you’re unsure we can always give recommendations.

Why not get in touch?

Here at WestWon we offer industry leading rates and have a 96% acceptance rate. Not to mention our 5* customer service, so there’s no doubt that you will be taken care of in our hands. Give us a call on 01494 611 456. Or, send an email to [email protected] and member of our team will be happy to discuss any finance requirements you may have.