The local economy in Warwickshire has developed successfully over the years and has shown significant resilience during the recession. Like many counties across the UK, it has seen more and more businesses turn to leasing to finance their businesses plans.
The county town of Warwickshire is Warwick, although the largest town is Nuneaton and the county is divided into five districts of North Warwickshire, Nuneaton & Bedworth, Rugby, Warwick and Stratford-on-Avon. The market town of Stratford Upon Avon, just 22 miles from the UK’s second largest city, Birmingham, is globally renowned as the birthplace of Shakespeare. Steeped in literary heritage. Warwickshire is also the birthplace of novelist George Eliot, and the county as a whole benefits from a vibrant tourist industry.
Leading asset finance and leasing company, WestWon has recently helped over 30 businesses in a variety of sectors in the County Of Warwickshire, and particularly those involved in the tourist industry, to acquire the assets they need to grow and prosper by arranging flexible lease agreements.
Leasing is one of the fastest growing and most popular ways to finance equipment and technology for small and medium sized businesses in Warwickshire, particularly for the leisure, hospitality and catering sectors, local service providers and start-up enterprises.
As well as the ability to frequently update specialist equipment without tying up available cash, a leasing scheme can offer considerable tax benefits. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill. Plus, lease payments can be tailored to match a company’s seasonal cash flow and a combination of equipment from different suppliers can be covered under a single lease agreement.
Some of the most popular types of equipment leased in Warwickshire are:
- IT equipment (e.g. computers, tablets, printers)
- IT Software
- Engineering equipment
- Office furniture
- Scientific and medical technology
- Catering equipment
- Industrial machinery
- Hairdressing and beauty equipment
- Sports and leisure equipment
- Hotel fixtures and fit outs
- Processing and packaging machines
- Retail equipment
- CCTV and security systems
- Waste and recycling equipment
With an extensive network of 150 leasing finance partners and suppliers throughout the county, which includes over 25 in Rugby alone, WestWon is able to provide to local companies with tailored leasing and a dedicated local leasing account manager who possesses valuable local knowledge. The company is also offers specialist lease finance funding and parental donation schemes for iPads and tablets suitable for the 238 local schools in Warwickshire.
For more advice on leasing and selecting a reputable local leasing company, download your free Essential Guide to Local Leasing for Business.