Furniture Leasing

WestWon has a specialist division just working in the office furniture and fit out sector. With our team operating out of an office in the heart of the UK’s homeland for this sector – Clerkenwell, London. Together, with our office based just a few miles from High Wycombe – a centre for UK furniture manufacturing – we are clearly well placed to serve the needs of manufacturers, suppliers and the customers they service.

Customers needs and requirements have changed dramatically over the last ten years from the basic leasing of desks, chairs and filing systems. With this in mind, we can finance the complete range of your office relocation or refurbishment needs:

This division has funded numerous projects where we have financed:

Commercial interiors

  • Office furniture

  • Office partitioning

  • Ceiling and carpet tiles

  • Conference and meeting room facilities

  • Specialist lighting

  • Dilapidations

  • Decorating and other non-tangible assets

  • Furniture

  • Toilets and kitchens

Warehousing, distribution, retail, restaurants

  • Racking

  • Heating, ventilation and air conditioning

  • Signage

  • Shop refits

  • Restaurant furniture

  • Cold room and general storage facilities

  • Alarm and CCTV systems

  • Catering equipment

Lease example

Leasing & Finance for office furniture & commercial fit-out
  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • A household brand name in the automotive sector
  • £1,044,609.42
  • 60 months
  • £19,826.69 per month
  • A major relocation for their UK operations. Their desire was to expense the cost as opposed to capitalise it

Benefits

  • Cash flow

    Allowing you to keep funds in your business for other uses

  • Alternative funding lines

    No need to use up an existing bank facility

  • VAT

    On rental agreements VAT is paid in the rental, not in full and upfront

  • Tax planning

    Using a lease purchase agreement, if your investment in assets in one year is £200,000 or under, subject to some HMRC conditions, this expenditure can be fully offset against Corporation Tax. For many customers, a lease rental is a great solution as all rental repayments are allowable against Corporation Tax

  • Budgeting

    A lease repayment covers the cost of the equipment and interest. This makes internal allocation of costs very easy for those companies wishing to divide the cost by headcount, department or even square footage

  • Budgeting

    It’s easy to budget for a fixed rental payment over a three or five year term

  • Pay for the equipment as you use it

    Would you pay a new employee three years’ salary in advance, probably not. So why pay for their desk, computer or car in advance?

  • Obsolescence

    Under the WEEE directive, you have an obligation to dispose of certain assets in an environmentally friendly way. If you rent the equipment, you can just hand it back at the end of the rental term.

Visit our website dedicated to the furniture and fit out sector

or send us an enquiry online

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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, WestWon Leasemaster Limited and WestWon Fleet Limited are all credit brokers not lenders. WestWon companies deals with a range of lenders.
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