Sometimes referred to as the entrepreneurial heart of Britain, Buckinghamshire boasts a high rate of start-up enterprises. Many of which are turning to leasing to help finance their plans without compromising cash flow, according to leading finance company WestWon.
Situated only 45 mins from London and Heathrow Airport, Buckinghamshire provides the perfect location for globally focused businesses with its excellent motorway links and an accelerated deployment programme of superfast broadband. Aylesbury, High Wycombe and Milton Keynes are particularly thriving. In High Wycombe, for example, there has been an increase in retailers flocking to open in the Eden Centre (e.g. Poundland, Anytime Fitness gym and shoe retailer Deichmann). John Lewis has also seen a boom in business since it revamped its High Wycombe store.
Indeed, the entire county has seen a significant fall in unemployment figures. In the last year, the number of people unemployed in the region has fallen by 32.6% – making it the third lowest among council areas and LEPs.
Cash flow, however, remains a concern among the local business community. This is where leasing is offering companies, particularly SMEs, a flexible and tax efficient solution. With highly competitive interest rates and agreements, there is no doubt that leasing is an advantageous alternative to buying new equipment and assets. What is more, almost any type of equipment can be considered for leasing, from IT equipment and office furniture to manufacturing equipment and medical technology.
Leasing enables the cost of equipment to be spread over a fixed period of time – typically two to five years through a series of contractual, tax deductible payments. This leaves funds available to reinvest elsewhere in the business or to cover unexpected costs that may arise. In addition, leasing offers the flexibility to acquire the latest equipment a business requires straight away or quickly respond to an opportunity in the market. Businesses can upgrade or expand their resources easily, as and when the need arises.
As a well-established and highly respected leasing company, WestWon Limited has a strong presence in Buckinghamshire and has recently successfully arranged more than 70 Buckinghamshire leasing deals for a variety of businesses in the area. With nearly 400 leasing partners and suppliers across the county – including 32 leasing suppliers in Aylesbury, over 40 leasing suppliers in Beaconsfield and Marlow, and over 200 leasing suppliers in High Wycombe and Milton Keynes in as well as a regional presence in Aylesbury – WestWon offers businesses a tailored local service as well as highly competitive rates. Westwon also offers leasing and parental donation solutions for iPads and tablets in the classroom for 368 schools in the county of Buckinghamshire.
For more information and advice on leasing options in Buckinghamshire, call us now on Tel: 01494 611 456 or download your Free Essential Guide to Leasing for Business.