Along with its neighbour West Sussex, East Sussex has a reputation as the sunniest place in England. It’s no surprise therefore that tourism plays a major role in the local economy. With a population of less than a million and access to an enviable coastline, the region, which includes the South Downs National Park, has been developed in order maximise the appeal of resorts such as Eastbourne and Brighton, for both tourism and the lucrative conference market.
Hotel, leisure and catering establishments – for example, restaurants, brasseries, coffee shops and bars – are just some of the local businesses that have looked to lease financing capital assets in order to grow their revenues and compete in the burgeoning service industry marketplace.
Local leasing company WestWon has recently helped many businesses in the region to acquire the hospitality and leisure equipment, IT infrastructure and, in some cases, even the office and premises fit outs they require by arranging the best leasing deals for individual enterprises and individual circumstances.
Leasing has an important role to play in that it provides businesses with the opportunity to fund assets as they use them and still keep vital lines of credit free. With leasing equipment can be paid for over a fixed period of time, which helps spread the cost. In an area where many businesses are seasonal, the ability to arrange lease payments in sync with business cash flow is certainly a considerable advantage for many.
With years of leasing experience in serving businesses within the East Sussex area – in Brighton, Eastbourne, Hove and Lewes, for example, WestWon possesses valuable local knowledge and resources to help companies find the right leasing solution for their particular business, including a comprehensive list of local suppliers. In fact, WestWon has a database of over 200 resellers throughout the county
For more information on local leasing options for Essex and how to choose the best leasing company for your needs, download the Essential Guide to Leasing for Business.
Why are businesses increasingly opting to lease a wide range of equipment and technology rather than purchase it outright? Here is a list of eight benefits companies of all sizes can enjoy by arranging a flexible lease agreement with a reputable leasing partner.
As any business grows, its requirements change and keeping up with the latest equipment or software can be an expensive challenge. With leasing, equipment can be added or upgraded at any time during the lease period without having to repurchase, so you will always have the most up-to-date and efficient equipment.
Leasing can help improve your cash flow by keeping your working capital free. This leaves you with funds available to reinvest elsewhere in your business.
Using a leasing scheme, businesses enjoy the obvious volume advantages of ordering equipment in bulk, but without the disadvantage of having to pay for purchase upfront.
For a small initial payment, the asset you require is yours to use straightaway. Leasing enables you to pay for the equipment you need over a fixed period of time, which helps you spread the cost over the life of the equipment and budget effectively.
Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient. Lease payments can even be tailored to match your seasonal cash flow.
Leasing offers the flexibility to acquire the latest equipment your business requires straight away or quickly respond to an opportunity in the market. It prevents having to delay the implementation of plans until sufficient funds become available, enabling new technology to be adopted immediately.
Lease rental payments can qualify as a business expense that can be set against profit – thereby potentially reducing your tax bill. Outright purchase does not offer the same level of tax benefit.
With leasing you have a fixed interest rate. This protects you against interest rate rises and enables you to plan your budget effectively. And as inflation rises, because your payments are fixed, the cost of the equipment reduces in real terms.
For more information, download WestWon’s free Essential Guide to Leasing for Business.
Keeping up with the latest fitness or beauty equipment can be an expensive challenge for established gyms, spas, hair salons and health clubs. For new leisure businesses starting out, the initial out lay on equipment and fitting out the venue, not to mention advertising and staff costs, can be almost overwhelming. However, leasing gym and beauty salon equipment provides the perfect solution for new and established businesses of all sizes.
More and more businesses in the health and beauty industries are turning to leasing as an alternative to buying, and with very good reason. By leasing assets you can improve your cash flow by keeping your working capital free. This leaves you with funds available for more pressing requirements such as staff salaries, promotional materials or new business opportunities.
No one wants to work out in a gym with outdated equipment or visit a beauty salon that doesn’t offer the latest treatments. With leasing, equipment can be added or upgraded at any time during the lease period without having to repurchase, so you will always have the most up-to-date equipment to ensure your business stays ahead of the game. This means you will never be left with obsolete equipment in a way that would not be possible with an outright purchase.
Choosing a leasing scheme also gives you a greater degree of flexibility as lease agreements can be tailored to your exact needs. Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient. Lease payments can also be set against profit, thereby potentially reducing your tax bill.
From a treadmill to the latest laser hair removal system, there is almost no limit to what you can lease. What is more, you can choose any combination of equipment and technology from multiple suppliers for your lease agreement.
Some of the most popular types of equipment leased are:
For more advice on leasing and selecting a reputable leasing partner, download your free Essential Guide to Equipment Leasing for Business.
Public sector organisations across the UK are striving to improve efficiency, yet are continuously being expected to deliver more with less. With ever increasing pressure on budgets and the ongoing need to reduce levels of expenditure, leasing can provide a vital and flexible solution.
Whether operating within education, healthcare, housing or local government, leasing allows public sector organisations to deliver projects now without the restrictions of annual budgets and by spreading the cost over a period of time.
Leasing can deliver real cost savings as it means organisations do not have to pay full price for an asset that may only be used for a few years. For example, IT equipment can become out of date in just three to four years. With a lease agreement, equipment can be added or upgraded without having to repurchase, so you will always have the most up-to-date hardware and software.
The lease itself can be tailored to suit your specific requirements. Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient.
Leasing is also an attractive from a budgeting standpoint as switching from outright purchase to a lease agreement changes how assets are accounted for. A unique feature of leasing is that it allows the cost to be allocated to revenue as opposed to a capital budget with obvious benefits for the public sector.
From IT hardware to refuse vehicles, a wide range of equipment and assets can be leased as well as entire projects. Other lease options include furniture, photocopiers, security systems and even maintenance agreements. Plus, there is the added benefit that any combination of equipment and technology can be chosen from multiple suppliers for a single lease agreement.
Some of the most popular equipment leased by public sector organisations include:
For more information on leasing for public sector organisations, download the WestWon Public Sector Solutions Fact Sheet.
According to a report by the Office For National Statistics (ONS) in June 2014 the UK now has one of the fastest growing economies in the G7.
Gross Domestic Product (GDP) is widely regarded as the key measure of economic activity and the ONS uses Nominal GDP – which measures the final market value of all goods and services produced in an economy – to compare the relative size of the UK economy to others in a given year.
The UK was the world’s eighth largest economy in 2012 in nominal GDP terms with the US – the world’s largest economy – producing $16.2 trillion of output in that year – just over seven times that of the UK ($2.3 trillion).
The decade prior to 2012 saw the rapid emergence of the BRIC economies – Brazil, Russia, India and China. Annual GDP growth in China averaged 12.7% per annum over this period, with the economy consequently establishing itself as the second largest in the world, producing $12.3 trillion of output in 2012. Brazil, Russia and India also achieved similar rates of expansion.
The economic recovery in the UK has been the slowest in post-war history and has also been one of the weakest in the G7 . UK real GDP increased by just 1.2% per annum between 2009 and 2013, the third lowest rate in the G7, and remains 0.6% below its pre-downturn peak while all other major economies have surpassed this milestone, with the exception of Italy.
However, throughout 2013 and in the first quarter of 2014, the UK has moved from having one of the slowest growth rates in the G7 to one of the fastest. GDP has risen by 3.1% over the year compared with growth of 2.3% in Germany and 2.0% in the US.
At the same time it has also emerged that manufacturers enjoyed their strongest annual growth for more than three years in April 2014 with manufacturing output rising by 0.4 on the previous month, leaving it up 4.4% on the year, the fastest expansion since early 2011.
That drove a pick-up for the wider industrial sector, which also includes utilities, mining and waste management. Industrial output was up 0.4% on the month and 3% on the year, again marking the strongest growth for more than three years.
For more information about leasing for business growth, call WestWon on Tel: 01494 611 456
No one knows exactly how many office furniture suppliers there are in the UK and the true list can potentially be doubled by the numerous office supplies companies that also advertise a range of “normally budget” office furniture via a catalogue. There are various lists in circulation from organisations like the British Furniture Manufactures Association (www.bfm.org.uk) but even they will not have a comprehensive list.
Why is this the case? One reason is that many office furniture suppliers experienced a very tough time during the recession and, unfortunately, some of these went out of business. Secondly, any list of furniture companies can be confused by the presence of companies that have an interest in the residential market, furniture manufacturers, design and build companies, and more specialist flooring, office partionning and mechanical engineering companies.
Hence, for the typical business user wishing to acquire office furniture, the process can be anything but straightforward.
At the beginning of 2014, the WestWon office furniture leasing division undertook extensive research into suppliers of office furniture in the UK.
As a result we established that there are 1,660 companies selling furniture in the UK. 20% of these – 345 office furniture suppliers – are based in London, while just under 4% are based in Buckinghamshire. High Wycombe – a town that is renowned for its furniture production – has 23 furniture companies, which is more than most counties.
Counties such as Bedfordshire, West Midlands, Derbyshire, Essex and Nottinghamshire are all home to in the region of 30 office furniture suppliers. The furniture supplier ‘capital’ of the north is Lanarkshire, with the Scottish county boasting more than 46 suppliers, putting it on a par with Kent with 45. Counties with most manufacturers are Cambridgeshire with 57, Staffordshire with 60 and topping the furniture supplier research, Hampshire with 73.
For more information about UK office furniture suppliers contact the WestWon Office Furniture team on Tel: 01494 611 456
This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.
Learn moreOKWe may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.
We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.
If you do not want that we track your visit to our site you can disable tracking in your browser here:
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds:
The following cookies are also needed - You can choose if you want to allow them:
