VAT funding for UK Companies slows down in Q3 2020
UK Companies have seen a reduced need for VAT funding in Q3 2020. Over 64% of companies in the UK have a yearend in March, June, September and December. Nearly all these business’s will match their quarterly VAT return dates to their yearend. For our VAT funding division, the last two weeks of October and […]
How do you value a leasing broker?
It is a question I often get asked on a regular basis, how do you value a leasing broker? For the sake of this blog, I am just going to focus on leasing brokers with less than twenty employees. Large leasing brokers that have been sold Many of the UK’s largest leasing brokers have sold […]
WestWon Acquires First Leasing UK Limited
WestWon are pleased to announce the acquisition of First Leasing UK Limited. Not to be confused with, First Vehicle Leasing, 1st Leasing or First Leasing Software – companies with a similar name – First Leasing UK Limited was set up in 2002 by Paul Connell. First Leasing is a leasing and asset finance broker and […]
Will asking for a lease payment holiday period affect my ability to take out a new lease agreement?
Lease payment holiday requests in the UK Over the 30 years we have been arranging leasing and asset finance for 25,000 plus organisations, we typically only see a handful of companies every year asking for a lease payment holiday. Since the outbreak of COVID-19 in the UK, we have seen more businesses applying for a […]
Will a Bounce Back Loan or CBILS Loan affect my ability to obtain lease finance?
From conversations we have held, many SME companies who have undertaken a lease via WestWon have confirmed to us they have taken out either a Bounce Back or CBILS Loan. A number of these business owners have directly asked us asked the question, “Will my Bounce Back Loan (or CBILS Loan) affect our ability to […]
