Tag Archive for: local leasing

Devon Businesses Grow By Paying As They Go With Local Leasing

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Consistently voted one of the best places to live in the UK, Devon is also a top place for businesses with some of the best business survival rates in the UK. The county is currently home to over 51,000 VAT registered businesses and the number of patents granted per capita is three times the UK average. What is more, many of these companies are turning to leasing to help develop their businesses without compromising cash flow.

Only two hours from London by train, Devon has seen a 67% growth in its economy over the last decade, which is considerably higher than the UK average of 53%. Add to this, a highly skilled and educated workforce, high employment rates and productivity levels that have grown faster than the national average, it is easy to see why the county is an ideal location for businesses.

With the Annual Investment Allowance (AIA) doubled from £250,000 to £500,000 until the end of 2015 in the Chancellor’s budget, medium-sized businesses in Devon and across the UK are increasing or bringing forward their capital investments in plant and machinery to drive growth and stay at ahead of their competitors.

Leasing has an important role to play, by providing businesses with the opportunity to pay for these assets as they use them and keep vital lines of credit free. In terms of technology, IT equipment can become out of date in just three to four years.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 a business can always have the most cutting-edge hardware and software.

Many businesses find leasing advantageous from a budgeting standpoint as switching from outright purchase to a lease agreement changes how the equipment is accounted for. Leasing enables the equipment needed to be paid for over a fixed period of time, which helps spread the cost.

As a well established local leasing company, WestWon Limited has a strong presence in Devon and has recently successfully arranged over 30 lease agreements for a variety of businesses in the area. With over 175 partners and suppliers across the county, which includes 27 in Exeter, 31 in Plymouth, 23 in Newton Abbott, 8 in Bideford and 8 in Totnes, the company can offer businesses a tailored local service as well as highly competitive rates. WestWon Education also provides specialist leasing solutions for schools, which are of benefit to the nearly 600 schools in the county.

For more advice on leasing and selecting a reputable leasing partner, download your free Essential Guide to Leasing for Business.

WestWon Offers Local Leasing Expertise For Businesses In West Midlands

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Leasing is now one of the popular sources of funding when it comes to financing equipment for businesses throughout the UK and this is particularly evident in the West Midlands, where leading local leasing company WestWon has recently arranged over 80 leasing agreements for a variety of organisations.

Recovery in the West Midlands has been firmer than in other regions of the UK, with manufacturing performing strongly and the logistics sector also providing a significant and important component. The structure of West Midlands economy, with large globally ranked producers (such as JLR, Bentley, JCB, Toyota, Rolls Royce and Alsthom) sourcing products from precision-based SME manufacturers and traditional craft industries, ensures it is comparable to the more dynamic regions of the European economy.

Leasing provides many the businesses in the West Midlands with an easily accessible source of funding, which enables banking and other lines of credit to be kept free for any future cash flow issues or unexpected problems. And lease payments can often be set against profit, thereby potentially reducing tax bills.

Unlike buying, local equipment leasing opportunities means companies can pay as they use. After an initial payment, businesses can start using the equipment straight away and spread the cost over its useful life, so an asset can be paid for with the income it generates. Plus, leasing provides the ability to simply upgrade equipment or expand resources as and when the need arises, ensuring companies can always have access to the latest technology.

The lease itself can be tailored to suit local business 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.  Equipment for leasing can be sourced from multiple suppliers, and ‘soft costs’ such as maintenance agreements and project fees, can often be included in the lease agreement,

From IT equipment or manufacturing systems to an entire office refurbishment, a wide range of specialist equipment can be leased as well as entire projects. Other lease options for locally leased equipment include furniture, computers, security systems and retail and restaurant fit outs.

WestWon Limited has many years’ experience working with organisations in the private and public sector in the West Midlands, helping them source manufacturers and equipment as well as arranging flexible lease agreements. As a leasing company with a strong local presence in the West Midlands, WestWon is well placed to provide businesses with a tailored service with over 600 leasing partners and suppliers in the region, which includes over 200 in Birmingham and 90 in Coventry, 50 in Wolverhampton, and nearly 40 in both Walsall and Solihull. 1,200 schools in the West Midlands are also well catered for by WestWon’s local leasing solutions for education.

For more advice on leasing, download your free Essential Guide to Local Leasing for Business.

Local Leasing Is Flying High In West Sussex

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From Crawley to Worthing, businesses across West Sussex are increasingly recognising the benefits of local equipment leasing to finance capital investments in equipment and machinery. Leasing is after all a proven way of funding new and upgraded equipment without relying on bank loans, enabling organisations in West Sussex to drive growth and increase productivity at a faster pace.

The county of West Sussex is home to over 800,000 residents and around 31,000 businesses. The county has strong links to London to the north, and is adjacent to Brighton and Portsmouth to the East and West respectively. It also has good road links to surrounding areas of Kent, Surrey and Hampshire.

In the north east of the county, Gatwick Airport is a core economic asset, employing over 2,500 people, while Crawley is home to a number of manufacturing, engineering, logistics and services firms, including Nestle, Tui Travel, Thales Defence Electronics and Virgin Holidays. Surrounding Crawley are a number of smaller towns including Horsham, Haywards Heath, East Grinstead and Burgess Hill. Due to their transport links, these towns have a strong commuting element to their economies.

Local leasing deals in West Sussex not only allow businesses in a variety of sectors to improve performance by acquiring the latest technology without tying up capital or existing lines of credit, but they also protect against future obsolescence – a major issue for IT and computing equipment. Plus, leasing payments offer considerable tax benefits, and can even be tailored to match the seasonal cash flow of a business.

A wide range of equipment, from IT hardware and software to packaging machines and medical technology, can be leased from your local leasing company. Other leasing options include general office equipment such as furniture and photocopiers. In fact, almost any type of tangible equipment can be considered for leasing as well as office fit outs and project costs for updating most types of commercial premises.

Local leasing company WestWon Limited has many years’ experience working with organisations in the private and public sector in the county of West Sussex, helping them source manufacturers and equipment as well as arranging flexible lease agreements. As a leading local leasing company, WestWon is well placed to provide businesses with a tailored service with over 250 lease finance partners and suppliers in the county, which includes 37 in Crawley, 29 in Horsham and 34 in Worthing.

WestWon has recently arranged 20 leasing agreements in West Sussex and also provides specialist education lease funding arrangements suitable for the 357 schools in the county.

For more advice on leasing and how to choose a reputable local leasing partner, download your free Essential Guide to Leasing for Business.

Leasing Is The Answer To Cashflow Questions For SMEs In Derbyshire

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Once the heart of the industrial revolution, the county of Derbyshire is now home to some 27,900 businesses and a thriving network of small businesses. Growing numbers of which are turning to leasing to finance their business plans and ensure vital lines of credit are kept free.

Derbyshire’s economy is worth around £10.85bn per year and its central location and excellent transport links, makes it one of the most attractive areas for businesses to locate in the UK. The county boasts a rich manufacturing and engineering sector with giants such as Rolls Royce, Bombadier, Toyota (UK), Nestle and JCB. In fact, manufacturing accounts for almost one fifth of all employment, which is nearly twice the national rate.

Paying upfront for equipment can be a significant drain on the working capital for most Derbyshire businesses, especially SMEs and start ups. With bank lending figures still falling, many businesses are turning to alternative sources of funding such as asset finance and leasing.

More importantly, leasing the latest equipment can also help businesses to increase productivity and, as a result, improve profits. Efficiency is key in the manufacturing process. Old, faulty or broken equipment can all lead to slower production times or periods of downtime.

Leasing allows you to obtain the equipment you need quickly, whether you need to replace, upgrade or expand. 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 to ensure your business stays ahead of the game. You can also source equipment from multiple suppliers and can even include maintenance agreements.

If you need to urgently replace essential equipment, leasing can offer a fast and efficient solution to keep your business going and avoid any loss of revenue. Arranging a lease is usually very straightforward. In fact, arranging a lease agreement can be less complicated than applying for a loan. It can also 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.

As a well established leasing broker, WestWon Limited has a strong presence in Derbyshire and has successfully arranged leasing agreements for a variety of businesses in the area. With over 255 partners and suppliers across the county, which includes 74 in Derby, 53 in Chesterfield, 19 in Swadlincote and 18 in Alfreton, the company can offer businesses a tailored local leasing deal as well as highly competitive rates. In the education sector, the company has lease funding services suitable for 500 local schools  looking to fund the introduction of tablets into the classroom.

For more advice on leasing, download your free Essential Guide to Leasing for Business

 

Leasing In Wiltshire Supports Local Economic Growth

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ONS figures for UK GDP published at the end of April 2014 show the UK economy growing at 0.8% over quarter one, some 3.1% higher than this time last year. This is being reflected in the local economy in the county of Wiltshire and local towns in the area such as Chippenham, Melksham, Salisbuty, Swindon and Trowbridge,  where confidence amongst local businesses is returning.

On the back of recent amendments to the AIA, businesses in Wiltshire are increasing or bringing forward their capital investments in equipment and machinery to drive growth and increase productivity and throughout the local region are increasingly recognising the benefits of leasing to finance these investments. With a strong presence in Wilts, leading leasing company WestWon  has a wide network of almost 200 local leasing finance partners and has successfully arranged lease agreements for many businesses in the county.

Leasing not only allows businesses to improve performance by acquiring the latest technology without tying up capital or existing lines of credit, but it also protects against future obsolescence – a major issue for IT and computing equipment. Plus, leasing payments offer considerable tax benefits and can even be tailored to match businesses’ seasonal cash flow.

Working in partnership with businesses, WestWon Limited can arrange a highly competitive lease agreement for a wide range of equipment from IT hardware and software or office furniture to catering equipment as well as essential insurance cover.

Unlike buying, leasing means you can pay as you use. After an initial payment, you can start benefiting from the equipment straight away and spread the cost over its useful life, so you can be paying for the asset with the income it generates.

Some of the most popular types of equipment leased 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
  • Processing and packaging machines
  • Retail equipment
  • Manufacturing equipment (e.g. cutting machines, injection moulding systems)
  • CCTV and security systems
  • Scaffolding and construction equipment
  • Waste and recycling equipment

 

In fact, almost any type of tangible equipment can be considered for leasing. This can even include hardware, software and maintenance agreements. You can also source equipment from multiple suppliers.

The company has many years’ experience working with organisations in the private and public sector in Wiltshire, including a large number of the near on 400 schools in the county, helping them source manufacturers and equipment or provide information and quotes on various options.

For more advice on leasing and selecting a reputable leasing partner, download your free Essential Guide to Leasing for Business.

 

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