Healthcare Leasing from WestWon

The healthcare sector is a big consumer of capital equipment, which is not just limited to large multi-national companies and the public sector. Smaller UK based research companies – often in start-up mode – need significant investment, where Healthcare equipment leasing and asset finance play an important role.

WestWon have leased a range of scientific and healthcare equipment, from a £5,000.00 Diemme Clinical Warming device up to a £1m Spectrometer for one of the UK’s leading Colleges. With over 100 healthcare and scientific customers to our name, we have a lot of experience in dealing with your needs and the suppliers you work with.

Healthcare Equipment Leasing Example

Healthcare Leasing Finance | Healthcare Equipment Leasing
  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • A laboratory involved in pharmaceutical analysis
  • £38,030.00
  • 36 months
  • £3,654.46 per quarter
  • They trade with a significant cash balance and the present MD – born in 1924 – still works in the business. However, it makes sense with tax planning to lease the ICS Chromatography Coil Heater as opposed to paying cash

Healthcare Leasing 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.

Healthcare Leasing News

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