WestWon Leasing And TruckMinder Talk Security Systems At Tip-ex 2014

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WestWon Leasing attended Tip-ex 2014 (May 29th -31st) at the International Conference Centre in Harrogate. Tip-ex is the only UK event dedicated to the tipper and bulk haulage market, and attracts more than 2,000 industry professionals.

Tip-ex has been running since May 2007 and has grown in its success especially in the last three years. In May 2012, the Tip-ex show was bought by Road Transport Media, the publishers of Commercial Motor, Motor Transport and Truck & Driver.

At this year’s show there were almost 80 exhibitors, one of whom was WestWon Lease Finance Partner TruckMinder. The company was at Tip-ex 2014 showcasing its  innovative security alarm systems, which are designed to help protect a wide range of commercial vehicles.

The Truckminder anti-theft deterrent offers an alarm system to prevent Catalytic Converter/DPF, Fuel, ECU and Battery theft. Truckminder has invested extensively in researching and developing the unique technology behind its ground-breaking system, leading to the identification of specific frequencies associated with attempted theft.

Truckminder’s Managing Director Filip de Kock, seen here on the right of the picture at Tip-ex 2014 with WestWon’s Ryan Lewin, was understandably delighted with the Commendation for Innovation that the company received at the Tip-ex Awards 2014. The Tip-ex Awards dinner at the Majestic Hotel was attended by more than 350 people, with Keltbray Plant securing the title of Tipper Haulier of the Year sponsored by MAN Truck & Bus.

For more information about Tip-ex 2014, see https://www.tip-ex.co.uk/

For more information about Truckminder security alarm systems www.truckminder.com/

For more information about leasing security alarm systems or other equipment and plant seen at as seen at Tip-ex 2014 call WestWon on Tel: 01494 611 456. You can also DOWNLOAD a Free Guide To Leasing For Business Growth

Everything You Need To Know About The History Of Equipment Leasing

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Equipment Leasing is not a recent invention.  Indeed, historians and economists believe that the first equipment leasing transactions took place in ancient Sumer from c. 2000 BC onwards.

The Sumerians were the first to use a place value numeral system and create multiplication tables. Sumerian writing is also the oldest known example of writing. They used triangular or wedge-shaped reeds to write on moist clay and the clay tablets found in the Sumerian city of Ur contain information about the lease of agricultural implements, land, water sources, cattle and other animals.

More about equipment leasing

Historians have also argued that Aristotle referred to the idea of ​​leasing in a treatise saying “Wealth is in use, not ownership,” written around 350 BC.

In more modern times – in the 1880s – the Bell telephone company introduced the concept of leasing instead of selling telephones, a decision that proved instrumental in the company’s success. But it was not until 1952 that the first industry association was formed; ‘The United States Leasing Company”. In the early 60’s American business practices had spread across the ocean to Europe. The first European leasing company – “Deutsche Leasing GMBH” appeared in 1962 in Dusseldorf. And the mid-60’s leasing transactions in the U.S. already accounted for 1 billion dollars.

In Western Europe the first financial leasing companies emerged in the late 50’s – early 60’s. In England, the “Mercantile Leasing Corporation” was formed in 1960 and following changes to tax legislation and the clarification of the legal status of leasing contracts, the number of leasing agreements began to quickly grow.

WestWon’s leasing heritage dates back to to 1976 with the acquisition of Power Leasing Limited, one of the first leasing intermediaries to incorporate in the UK.

Equipment leasing today

Today, in the 21st century, leasing is widely recognised as one of the most effective ways to purchase costly plant and equipment and to upgrade existing capital assets.  According to the UK Finance and Leasing Association FLA, £21.5 billion of finance was provided to businesses and the public sector, representing around 28% of all fixed capital investment (excluding real property and own-account software) in the UK last year.

As one of the UK’s leading leasing companies WestWon specialises in IT leasing, office furniture and fit out leasing and leasing for many other sectors and public organisations.

The Sumerians certainly knew a good idea when they saw one. Make sure your business takes advantage too! For more information about equipment leasing deals, you can download the essential guide to leasing – Finance Your Business Plans – or call WestWon on Tel: 01494 611 456.

UK Continues To Lead European Leasing Growth

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Hard on the heels of the FLA’s recent report stating that new asset finance business grew by 9% to almost £1.7 billion in January 2014, compared with the same month last year,  Richard Ryan, a Partner at Invigors EMEA, part of The Alta Group has recently painted a less rosy picture of the European leasing scene.

According to Ryan, after  shrinking slightly in 2012 in response to the eurozone crisis, GDP in the European Union (EU) was flat last year and is forecast to grow by a rather anaemic 1.5% in 2014 and 2.0% next year, according to the latest data from the European Commission.

And currently the outlook is further clouded by worries over potential deflation in the eurozone together with poor corporate earnings growth which, when combined with a strong euro, does not bode well for either investment or export-driven growth.

The European leasing industry has largely reflected this rather lacklustre performance to date. New businesses volumes for equipment and vehicle finance were flat in 2012 and appeared to have showed little growth last year. Real estate leasing fell by nearly a third in 2012, though this accounts for a relatively small share of the total.

While we wait for full year European figures to be published for 2013, it seems that some major countries have been particularly poor performers. New business shrank by 3.4% in France for the year while, in the first half of 2013, volumes fell by 13% in Italy and 17% in Spain. Even Germany, the economic powerhouse of Europe, has seen no growth in leasing for the past two years. It appears that overall equipment and vehicle leasing volumes in Europe have remained at least 15% below pre-crisis levels.

However Ryan continues to state that while the overall outlook may not appear particularly inspiring, there are however grounds for optimism. Not all countries have seen their local leasing sector perform poorly. Of the more mature markets, Denmark, Sweden and the UK have all seen significant growth, while some of the developing markets in Eastern Europe, which were badly hit by recession, are also recovering strongly.

Of the major countries, the UK has been a relatively strong performer. Data from the UK’s Finance & Leasing Association (FLA) showed that, after a slow recovery from recession in 2010 and 2011, growth in new business volumes accelerated to 4.1% in 2012 and remained at 3.4% last year. Based on GDP forecasts for 2014 ranging from 2.5% (Eurostat) to 3.4% (Bank of England) we would expect equivalent growth in the leasing market of 9-13%, numbers not seen since the heady days of 2006-7 though, in truth, new business growth in the UK has tended to undershoot this trend line recently.

More recent indicators suggest that the recovery is becoming more broadly based at a European level. The most recent Leaseurope/Invigors business confidence survey, undertaken in December last year, shows a sharp improvement in industry sentiment in terms of expectations for the first half of 2014.

Bullish expectations for growth

Expectations of new business growth are particularly bullish. Nearly three-quarters of those surveyed anticipated growth in new business this year, up from 54% in the previous survey last June. This is the biggest jump in sentiment since 2010. The proportion of respondents forecasting no change fell to 16% in December while the number predicting a fall in new business has halved to just 10%.

Those taking part in the survey also expect that this growth will be reflected in the bottom line. Over 60% anticipated that net profit in their organizations would increase over the next six months, an increase from just over 50% previously; while only 15% believed that net profit will be squeezed. Overall, nearly two-thirds of respondents felt more optimistic about the prospects for their business, nearly double the level recorded in the previous survey!

Looking at the latest figures available from Leaseurope, it appears that this optimism is not necessarily misplaced. The Leaseurope Index is a separate survey that tracks key performance indicators covering a sample of 17 European lessors on a quarterly basis. Unlike the confidence survey it is retrospective and tracks actual rather than expected performance. Total new business volumes reported by the sample of leasing companies increased by 13.7% in the Q4/2013 survey, the first significant increase in two years.

You can read Richard Ryan’s full article.  For more information about competitive UK leasing deals, conatct WestWon on Tel:01494 611 456.

 

New Asset Finance Business Grows By 9% To Almost £1.7 Billion In January 2014

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UK Finance & Leasing Association members report that new asset finance business grew by 9% to almost £1.7 billion in January 2014, compared with the same month last year.

Geraldine Kilkelly, head of research and chief economist at the FLA said that key asset sectors reported double digit growth – with commercial vehicle finance, business equipment finance and plant and machinery finance up by 25%, 21% and 13% respectively.

IT equipment finance reported modest new business growth of 3% compared with the same month in 2013.

Kilkelly added: “The positive start to 2014 follows exceptionally strong growth of more than a third in December 2013 and reflects growing confidence in the sector.

“The FLA’s Asset Finance Confidence Survey for Q1 2014 showed respondents expect asset finance new business to grow by up to 10% over the next 12 months.”

 

Jan 2014

% change on

Jan 13

3 mths to

Jan 14

% change on

prev yr

12 mths to

Jan 14

% change on

prev yr

Total FLA asset finance (£m)

1,694

+9

5,705

+14

22,535

+4

Total leasing and hire purchase excluding high value (£m)

1,672

+7

5,603

+13

21,843

+4

Data Extracts:
Plant and machinery finance (£m)

343

 +13

 1,069

+9

4,513

+5

Commercial vehicle finance (£m)

420

+25

1,504

+38

5,285

+11

IT equipment finance (£m)

68

+3

412

+13

1,544

+14

Business equipment finance (£m)

159

+21

493

+12

1,961

+3

Car finance (£m)

505

-8

1,599

+1

6,707

-1

Aircraft, ships and rolling stock finance (£m)

6

-62

115

+42

297

-40

 

For more information visit the fla.org.uk

For more information about leasing equipment, machinery, IT resources or office furniture and fit out leasing please call WestWon on Tel: 01494 611 456.

 

Leasing Demand Surges As Asset finance Increases By More Than A Third In December 2013

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WestWon has seen extremely positive trends in leasing demand over the past few months and this  experience is born out by figures released on 7th February 2014 by the Finance & Leasing Association (FLA) showing that asset finance new business grew by 34% in December 2013 to £2.2 billion, the strongest monthly rate of growth for almost 6 years.

The full year figures for 2013 show that new business for asset finance deals of up to £20 million grew by 4%, making it the fourth consecutive year of growth in the sector. There were positive figures across the market, with growth of 14% in IT equipment finance and 9% in commercial vehicle finance, compared with 2012. Modest growth was also reported in business car finance, plant and machinery finance, and business equipment finance with increases of 1%, 4% and 1% respectively.

Commenting, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA said:

“The asset finance market reported its highest level of new business for three years in December, suggesting the long-awaited recovery in business investment may well have begun.

“The recovery in the UK economy so far has been driven by the services sector and supported by almost £15 billion of asset finance provided to businesses in that sector last year.”

In 2013 FLA members provided £84.7 billion of new finance to UK businesses and households. £22.4 billion of finance was provided to businesses and the public sector, representing around 29% of all fixed capital investment (excluding real property and own-account software) in the UK last year.

For more information see www.fla.org.uk

To discuss leasing options and get an instant quote for equipment, machinery, furniture and fit outs,, call WestWon on Tel: 01494 611 456 or email boris@westwon.co.uk

 

Find An Exciting New Career In Equipment Leasing

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Making the right career choice and selecting the right company to work for are possibly two of the biggest influences on future health, wealth and happiness – particularly in the earlier stages of your working life. After all, choosing wisely can put you firmly on the path to fame and/or fortune!

As leading UK leasing company WestWon launches its latest recruitment drive for six Business Development Managers, we thought we’d take a look at why The Old Rectories in Beaconsfield and Leicester are great places for dynamic individuals to further their career ambitions.

Motivated Staff

The management team is focused on 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 – destination, yet to be revealed!

So what WestWon employees think is the company’s main USPs (Unique Selling Point) of being on the WestWon team:

 

“Working at WestWon Asset Finance is great because it’s never a groundhog day.” Jo Bradford, Sales administrator

 

“WestWon is always ready to innovate to achieve its goal to be the UK’s leading leasing company.” Janet Willis, Marketing Manager

 

“I love working for WestWon IT Leasing 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

 

“Working at WestWon Leasing is great because every day is a new adventure.” George Shillingford, Head of Internet Sales

 

‘Everyone who works here has the same goal in mind – to be part of making Westwon Ltd a bigger and more successful company. The training is fantastic and staff are kept motivated and happy’ Janet Payne, Office Manager

 

For more information about the latest sales opportunities at WestWon Equipment Leasing see here: Business Development Managers. Alternatively you can email boris@WestWon.co.uk  or Tel: 01494 611 456

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

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/

WestWon and CRM Reseller Wizard

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Online leasing company WestWon has recently supplied a leading company in the healthcare engineering market with lease finance for a CRM system solution supplied by Bristol software solutions reseller Wizard Systems. The WestWon lease agreement, set to run over 3 years with a monthly lease rental cost of £127.31, has enabled the company to seamlessly expand their current Customer Relationship Management system.

The customer designs and commissions healthcare facilities and also provides related products and services. Wizard Systems is a specialist supplier of CRM software systems such as GoldMine, Sage CRM, NetSuite, Workbooks, Nimble and HEAT. Wizard was able to supply MET with the lease finance the healthcare company required for its new CRM system within just days of contacting IT equipment leasing company WestWon.

WestWon Offers Instant Online Leasing Quotes

Tim Wilmot of Wizard Systems explains, “Looking for software lease finance for a client based across the water seemed to limit our leasing options dramatically. We saw WestWon online at www.WestWon.co.uk and quickly realised that they specialised in the IT leasing sector, and furthermore, could provide IT leasing facilities companies across the water unlike many other mainland UK based leasing companies.

“We were very impressed with the speed of service we received from WestWon, having received a leasing quote within minutes and documentation soon after. The entire process from our initial enquiry to providing signed documents took just 3 days.  We now have a dedicated WestWon account manager as well as access to the WestWon Partner Portal to enable us to provide a rapid lease.

WestWon Finance Partner Programme Benefits Resellers

WestWon CEO Jeremy Hall commented, “We have invested extensively in the WestWon Finance Partner Programme and those resellers and suppliers who are part of the scheme are delighted with the flexibility they gain from it.  IT and software lease finance is often the ideal solution both for resellers and for their clients, who wish to avoid technology obsolescence and spread payment for their investments over the useful life of the equipment they acquire,

WestWon is a leading UK asset finance company that specialises in equipment leasing for all types of companies in the UK, both large and small. Using the latest technology, WestWon assists organisations to fund capital equipment purchases along with IT requirements and office fit outs in a tax-efficient way that maximises cash flow, by offering quick quotes and fast finance at competitive rates.

For more information see www.WestWon.co.uk or Tel: 01494 611 456 Email Boris@WestWon.co.uk

WestWon Nominated As A Finalist For Leasing Life European Awards 2103

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Leading UK leasing company WestWon is a hot tip to win Leasing Life’s inaugural Award for ‘Innovative Product and Service 2013’ for its ground-breaking  Parent Portal. Launched in January 2013, the WestWon Portal makes it easy for schools to introduce a parental donation scheme to help fund their one-to-one Digital Learning initiatives.  Leasing Life will announce the category winner at its 7th annual European Conference & Awards Event, which is being staged in Berlin on 5th December 2013.

Leasing Life maintains that the development of additional services and supplementary products is becoming more and more important in securing deals, developing client relationships and protecting end-users. The new award for Innovation recognises the steps lenders are taking to enhance their financing products through the provision of additional services.

Recognising that iPads and other tablet devices were beginning to be widely adopted in the Education marketplace, WestWon developed two online systems – the WestWon Parent Portal and WestWon Tablet Device Asset Management – that address the specific needs of head teachers and schools for practical ways to fund and manage tablets in the classroom.

According to WestWon CEO Jeremy Hall, “WestWon has always backed the power of excellent technology and outstanding customer service to transform the leasing experience for suppliers, companies and educational establishments alike.

“Our innovative WestWon Parent Portal enables schools to set up and run parental donation schemes and administer multiple devices without tying up hard-pressed internal resources. WestWon also provides a new level of support and advice, both in person and online, to the sector. This winning combination of technology and service has, we believe, augmented the perceived value of leasing within education,” he concludes.

For more information contact WestWon on Tel: 01494 611 456  www.WestWon.co.uk

 

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