Leasing equipment has advantages for universities

The University of Exeter has just taken delivery of a new HSM V-Press 605 baler on a lease arranged by WestWon. The machine is ideal for pressing cardboard or plastic film in areas where space is limited

Universities are increasingly turning to a lease or rental agreement as a means to acquire costly capital equipment. Often they chose this approach for budgetary purposes, even though they may have the finance available internally.

Switching the payment method from outright purchase to rental changes how the equipment is accounted for. This way the cost is allocated to a revenue as opposed to a capital budget, which has obvious advantages for many educational organisations.

WestWon expands into new Beaconsfield office

Beaconsfield-based asset finance provider WestWon Limited has moved into prestigious Grade II listed offices in the Old Town. The relocation has come about due to the increasing demand for business equipment leasing as bank lending remains tight.

WestWon has already hired several additional finance professionals this year, and has plans for further expansion before the end of 2012. The new hub of WestWon’s UK-wide operations is the former rectory-house in Windsor End. Overlooking the church yard, the timbered building dates from the early 16th century. The interior has been tastefully refitted for business yet retains many original features including open fireplaces and oak beams.

Founded 7 years ago, WestWon offers a comprehensive range of range of tax-efficient finance options to help organisations in the area manage their cash flow more effectively, while preserve existing lines of credit. Chief Executive Officer Jeremy Hall explains. “The move to the Old Rectory has come at the perfect time for us. Asset finance now helps to fund 27% of all fixed-capital investment in the UK, and over the last 12 months, we have certainly noticed much more optimism with UK customers investing in their businesses and seeing lease finance as a smart way of acquiring the equipment they need.”

The company, formerly of 27 London End, has published a new telephone number for equipment leasing enquiries Tel: 01496 611 456.  The new address in full is The Old Rectory, Windsor End, Beaconsfield, HP9 2JW. For more information see www.westwon.co.uk

Are you actively assessing – not just credit checking – the financial performance of your customers and suppliers?

Why should you? Well, if long-standing clients suddenly started paying your invoices in 70 days rather than 30, would that hurt your profit margins? Wouldn’t bad debts or non-delivery of goods damage your cash flow and reputation?

In today’s volatile marketplace, more and more businesses are recognising the need to actively protect their financial wellbeing. And with WestWon Dashboard it couldn’t be easier to set up your own ‘watchlist’ of companies and personalise the type and timing of information you receive.

Watch this short Dashboard video and see what we mean…

More about WestWon Dashboard 

WestWon Dashboard puts you control
1.    Instantly set up portfolios of suppliers, customers and competitors and monitor them in real time. (See where they are as well – thanks to integrated Google Earth)
2.   Spot which of your current trading partners have suddenly stretched their payment cycle. (Doesn’t it make you wonder why?)
3.   Enjoy the intuitive design that minimises time spent on routine tasks – all at a highly cost effective rate.

You’ll appreciate the ‘inside track’ provided by WestWon Dashboard on the tough economic road ahead. Contact us now to arrange your FREE TRIAL now.

Merry Chistmas 2011

Dear Client

First off, we’d like to say a big thank you for your custom throughout the past 12 months.

2011 has been another highly successful year for WestWon Asset Finance and Westwon.biz, and we look forward to helping you build your business further in the future. We will be launching  new and innovative products on this site soon that will make it even easier for you to find whatever level of business support you require quickly and efficiently. So please come back and see us again  in January 2012.

In the meantime, it only remains for us to wish you a Merry Christmas and a very prosperous New Year.

The WestWon Business Team