Voss Finance Limited, a leasing company based in Leicester Voss Finance Limited were a leasing company based out of Leicester, the same city where we have an office for one of our companies, WestWon Leasemaster Limited. Voss Finance Limited Background Voss Finance Limited was incorporated in 1995 by David Voss who we understand built a reasonably […]
Thinking of leasing equipment for your business, but not sure where to start? Here are ten useful blogs on the benefits, processes and costs of leasing assets:
The Eight Wonders Of The Business Leasing World
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. Read more…
Keep Pace with Technology With IT Leasing
With technology changing at such a speed, businesses of all sizes in almost every sector frequently need to upgrade or expand their IT equipment, so is IT leasing the answer? In fact, over 90% of the top 100 companies now lease computer equipment. Read more…
Finance Your Business Plans Without Compromising Your Cash Flow
Whether you are looking to refurbish your existing work space or are opening brand new offices, leasing can help you create your dream work environment. From planning and design to interior finishes and furniture, a lease agreement can provide a flexible and tax efficient way to finance your plans. Read more…
How Start-up Businesses Can Lease As They Grow
Paying upfront for equipment or an asset can be a significant drain on the working capital for most businesses. In 2014, raising finance for business equipment and assets continues to be a challenging issue for companies, particularly new businesses just starting out. Read more…
How To Choose The Right Leasing Company
When taking the decision to lease equipment or other assets your business requires, selecting the right leasing company to work with is vital. As with entering into any new contract, when opting to lease equipment it is important to choose a reputable leasing partner. A recent BBC Panorama documentary highlighted the need to diligently check the credentials of any company you may wish to deal with. Read more…
2014 Changes To The Annual Investment Allowance For Capital Equipment Could Benefit Your Business
In recent times business owners have sometimes tended to put investment in plant and machinery on the back burner because of economic instability. It is in response to this that the Chancellor has announced in the March 2014 Budget that there would be a temporary increase in AIA limit. Read more…
Calculate The Cost of Leasing V. Buying Equipment For Your Business
Obtaining an outline leasing quote could not be easier. And doing so will help your business compare the cost of leasing versus buying the capital assets you require. Read more…
Best Leasing Deals And What The ‘Cheapest’ Leasing Rates Really Mean
When browsing for leasing deals, you may find leasing companies advertising the ‘cheapest leasing deal’ or ‘cheap lease rates’. But what do those Internet ads really mean? Read more…
Questions You Should Ask About Leasing IT And Computer Leasing
Harnessing the latest IT and computer technology is key to enabling business advantages such as fully integrated mobile working. Given the speed at which technology changes, and the onus on companies to keep up with the competition in terms of IT infrastructure efficiency, IT and computer leasing has much to recommend it. Read more…
Everything You Need To Know About Leasing For Your Business
Perhaps like many businesses, from new start-ups and SMEs to larger companies, you have come round to the idea that there must be a better way to secure funding for your business plans than relying on bank lending. Read more…
For more information about leasing call WestWon on Tel: 01494 611 456
With an ever growing pressure on cash flow and bank lending figures still falling, equipment leasing is becoming an increasingly important way for businesses of all sizes in a variety of industries to finance the new technology and equipment they require.
With highly competitive interest rates and flexible agreements, there is no doubt that leasing can offer an advantageous alternative to buying as many companies have discovered.
A wide range of equipment, from computers and iPads to furniture and recycling equipment, can and is being leased by businesses across the UK. In fact, almost any type of tangible equipment can be considered for leasing along with maintenance agreements and software.
Popular types of equipment for leasing
- PCs and laptops: Over 90% of the top 100 companies now lease computer equipment. With technology moving at such a speed, leasing enables businesses to upgrade computer equipment as and when required to ensure they have the latest systems.
- Tablets (e.g. iPad, Microsoft Surface): A growing number of schools and other educational establishments, in particular, are opting to lease tablets to aid teaching and learning in the classroom.
- Photocopiers and printers: Leasing photocopiers is popular among businesses of all sizes in all sectors as it means they can pay for the equipment as they use it and can upgrade to a new model when required without having to repurchase.
- Office furniture: From seating to workstations, all types of office furniture can be leased as well as entire office refurbishments, including lighting, flooring, interior finishes and even interior design services.
- Catering equipment: From commercial ovens and freezers to coffee machines and chillers, all sorts of appliances are being leased by restaurants, caterers, cafes and food manufacturers as it enables them to quickly replace obsolete equipment and pay for the asset as they use it over time.
- Leisure and Beauty equipment: from up-to-date gym equipment to salon fit outs.
- Minibuses and vehicles: From tractors to minibuses, all types of vehicles are leased every year by private and public sector organisations.
- CCTV and security systems:
- Processing and packaging machines: From food manufacturers to pharmaceutical companies, a wide range of companies are choosing to lease systems such as labelling machines, conveyors and metal detectors.
- Medical technology: From a dentist’s chair or hospital bed to an entire operating theatre, a wide range of specialist medical equipment can be leased.
For more advice on leasing equipment for your business, download your free Essential Guide to Leasing for Business.
The Federation of Small Businesses (FSB) has reported that two thirds of small firms expect to grow in the next 12 months and one in four plan to increase the amount of investment in their business. This national picture is also being born out locally in Worcestershire, where WestWon Limited is helping organisations of all sizes to achieve their growth plans through tax efficient lease agreements.
As a largely rural area, Worcestershire is home to countless food and drink producers, including makers of wine, real ale, cider and perry, as well as organic foods including meat, farm produce and cheese. These are the types of small businesses that form the bedrock of the local economy and Worcestershire’s location in the heart of England and excellent transport links also make the county extremely accessible for both business and pleasure. Birmingham International Airport is nearby and Worcestershire also has excellent road links to the major motorways (M5, M6, M40, M42, M50).
One of the fastest growing and most popular ways for businesses in Worcestershire to finance their investment in equipment and technology is through a lease agreement. Leasing allows all sorts of retailers, manufacturers, doctors, dentists, opticians, hotels, health clubs, restaurants and food production companies in the county to easily upgrade technology and avoid equipment obsolescence.
As well as the ability to frequently update specialist equipment without tying up available cash, a leasing scheme can offer considerable tax benefits. From IT equipment or medical technology to an entire office refurbishment, a wide range of specialist equipment can be leased as well as entire projects. Other lease options include furniture, computers, security systems and even maintenance agreements. Any combination of equipment and technology can be chosen from multiple suppliers for a single lease agreement.
With over 10 years of experience in serving businesses in the Worcestershire area providing great rate leasing deals in towns like Bromsgrove, Kidderminster, Malvern, Redditch and Worcester. WestWon is a leasing company that possesses valuable local knowledge to help companies find the right leasing solution for their particular business and has a comprehensive list of local leasing suppliers and partners. In fact, WestWon has over 180 local leasing partner manufacturers and suppliers throughout the county of Worcestershire, including nearly 40 in Redditch and 40 in Worcester, and works with many of the 330 schools in the area as well to provide iPads and tablets for education.
WestWon Limited can provide asset finance solutions for a variety of organisations in Worcestershire. For more information, download the Essential Guide to Leasing for Business.
Despite the challenging economic climate, the county of Cornwall has one of the highest increases in SMEs in the UK and an increase in GDP of more than three percentage points. What is more, businesses across the county, particularly in the tourism and farming sectors, are increasingly able to finance their growth plans and invest in capital equipment with the help of flexible equipment and machinery leasing solutions.
With a strong presence in Cornwall, leading finance company WestWon, for example, has successfully arranged lease agreements for businesses in a variety of sectors in the county and has a network of over 85 partners. This includes 7 partners in Redruth, 7 in Falmouth, 6 in Newquay and 10 in Truro and Launceston.
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 a businesses seasonal cash flow, which is a benefit for many businesses in Cornwall.
Unlike buying, leasing means businesses can pay for an asset as they use it. After an initial payment, a business can start benefiting from the equipment straight away and spread the cost over its useful life.
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
WestWon is well placed to provide Cornish businesses with a tailored local leasing service and client services managers who can visit a client’s premises to discuss their requirements in person. The company has many years’ experience working with organisations in the private and public sector in Cornwall, helping them source manufacturers and equipment or provide information and quotes on various options. WestWon also provides specialist lease-based funding suitable for the 300 schools in Cornwall.
For more advice on leasing and selecting a reputable leasing partner, download your free Essential Guide to Leasing for Business.
A recent report by the National Institute of Economic and Social Research (NIESR) has indicated that the economy will grow by 2.9 percent in 2014 and 2.4 percent in 2015 and on current plans the public sector finances will be in surplus by 2019.
Gross Domestic Product (GDP) reached 0.9 percent between March – May 2014 , which means that output was 0.2 percent higher at the end of last month than it was when the recession hit in 2008, when output fell by 7.2 percent in a year.
Experts at NIERS have hailed this – 6 years on – as a ‘symbolic milestone’ for the UK. This means that GDP will exceed its previous peak in 2008 in the next few months, although per capita GDP still remains well below its previous peak, and will not exceed it before 2017.
The Bank of England is now also predicting growth of 3.4 percent this year and the Office of National Statistics (ONS) also reported that British manufacturing is growing at its fastest rate for 4 years.
At the same time, concerns about productivity levels persist and the UK’s trade performance remains disappointing, with the current account deficit running at about 4 per cent of GDP, on average, over the period 2012–14, although improving subsequently as the global economy continues to strengthen.
The Finance & Leasing Association (FLA) has also reported that asset finance new business grew by 17% in March compared with the same month last year and was 13% higher in the first quarter of 2014 than in Q1 2013.
Lease finance for plant and machinery and business equipment saw the strongest growth in Q1 2014, up by 21% and 20% respectively, while IT equipment finance was 11% higher than in Q1 2013.
Commenting, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“In Q1 2014, the asset finance industry returned its best first quarter performance for five years, and the pattern of growth suggests a broad-based recovery in business investment.
For more information about nationwide and local leasing deals for business equipment call WestWon on Tel: 01494 611 456. Download The Free Guide to Leasing
Reflecting on 2 days well spent at Clerkenwell Design Week 2014 visiting over 60 showrooms open to the trade and public, one display that really stood apart was that of Connection.
Not only was the Connection showroom in a beautiful location, it was staffed by extremely well-informed and enthusiastic staff, who guided visitors ‘Down the rabbit hole’ into a mystical story full of life and wonder (and quirky ‘Eat me, Drink me’ delicacies to sample on the way round).
First there were the ‘Queen of Heart Chairs’ – three chairs set out in a podium manner. The red ‘queen chair’ – to fit the Queen of Hearts theme – was the centre piece and was also decorated with a golden crown for added dramatic effect.
Round the corner was the ‘Mad Hatters Tea Party’, highlighting Connection’s new range of breakout furniture. With hats hanging from the ceiling, a vintage tea pot and sweets galore, the showroom definitely gave the Mad Hatter a run for his money
Next came the enchanted garden complete with giant multi-coloured spotted mushrooms, and also the place where the Cubbi’ and ‘Why S’ systems were on display. These systems have been created for short period breakout sessions for one or two people only and come with cushions created out of a material which was still comfortable but not as luxurious as the ‘Thynk back high chair’. The systems allow users to sit in comfort but not for an extended period of time, have in-built acoustics and cater for Skype calls.
Emerging from ‘the rabbit hole, visitors could then view the Hive break out systems and the ‘Xpresso one’ casual meeting range, which were also on show.
In terms of experience and imagination, Connection put on a wonderful display that was hard to beat. And the same could certainly be said of their furniture range!
For more information about leasing Connection furniture as seen at Clerkenwell, call the WestWon Office Furniture and Fit Out team on Tel: 01494 611 456 or download our latest Office Furniture Leasing Brochure.
WestWon Leasing attended Tip-ex 2014 (May 29th -31st) at the International Conference Centre in Harrogate. Tip-ex is the only UK event dedicated to the tipper and bulk haulage market, and attracts more than 2,000 industry professionals.
Tip-ex has been running since May 2007 and has grown in its success especially in the last three years. In May 2012, the Tip-ex show was bought by Road Transport Media, the publishers of Commercial Motor, Motor Transport and Truck & Driver.
At this year’s show there were almost 80 exhibitors, one of whom was WestWon Lease Finance Partner TruckMinder. The company was at Tip-ex 2014 showcasing its innovative security alarm systems, which are designed to help protect a wide range of commercial vehicles.
The Truckminder anti-theft deterrent offers an alarm system to prevent Catalytic Converter/DPF, Fuel, ECU and Battery theft. Truckminder has invested extensively in researching and developing the unique technology behind its ground-breaking system, leading to the identification of specific frequencies associated with attempted theft.
Truckminder’s Managing Director Filip de Kock, seen here on the right of the picture at Tip-ex 2014 with WestWon’s Ryan Lewin, was understandably delighted with the Commendation for Innovation that the company received at the Tip-ex Awards 2014. The Tip-ex Awards dinner at the Majestic Hotel was attended by more than 350 people, with Keltbray Plant securing the title of Tipper Haulier of the Year sponsored by MAN Truck & Bus.
For more information about Tip-ex 2014, see http://www.tip-ex.co.uk/
For more information about Truckminder security alarm systems www.truckminder.com/
For more information about leasing security alarm systems or other equipment and plant seen at as seen at Tip-ex 2014 call WestWon on Tel: 01494 611 456. You can also DOWNLOAD a Free Guide To Leasing For Business Growth
Assmann – one of the leading office furniture manufacturers in Germany – is celebrating 75 years in the furniture manufacturing business. Known for their expertise in interior design, Assmann also have reputation for offering excellent levels of advice and service. Leasing Assmann furniture Leasing Assmann sit-stand workwall system
At Clerkenwell Design Week, 20-22 May 2014,the WestWon Office Furniture Leasing team were privileged to witness the first ever ‘Sit – Stand Workwall system’, executive furniture that ‘moves with you’. This innovative desk system features comfortable and flexible working environment, giving you the ability to sit or stand.
Originally invented for large corporate lawyer and solicitor firms to house any employee within the business, no matter their height or size, this unique desking system is available in 3 options. Fixed to the ground, for the more budget range of furniture, Click assisted which can be height adjusted manually or electrically height adjusted.
The Sit – Stand Workwall Desk is a free standing solution that also allows greater flexibility for both the supplier and the end user as the desk is easy to both at install and relocate. The Sit – Stand Workwall Desk also offers a range of adjustable meeting tables and traditional desks. It comes with a storage wall concept and free standing storage to meet requirements of the end user.
Available in standard, MFC or veneer finishes, the Sit – Stand Workwall Desk is aimed at high-end customers with prices in the region of £6,000. However a desk system at this price level could alternatively be leased over 3 years for as little as £200.25 a month*
Download free Office Furniture and Fit Out Leasing Brochure.
Tel: 01494 611 456 for more information and advice about office furniture leasing options.
*Based on (3+33 Monthly)
Asset-based finance is an ever more attractive way for SMEs to acquire the machinery and equipment they need to run their businesses and invest in up-to-date IT technology to keep their infrastructure working efficiently. Leasing is also available to cover the cost of office refits, fit outs and refurbishments, which form an essential part of most companies’ business plans.
Leasing allows companies to:
- Preserve their cash reserves and existing lines of credit
- Align costs with income over time rather than making a large upfront payment
- Avoid technology obsolescence and the problem of disposing of old equipment.
These leasing benefits are particularly important for SMEs and Start Up businesses too as they enables them to manage the acquisition of equipment and related services as a predictable monthly or quarterly expense rather than a capital cost, offering clear advantages in terms and tax and budgeting. After all, no business pays three years’ salary for its staff in advance, so why pay for the equipment they use upfront rather than over its useful life.
Whether for new business start-up or an established SME trying to stay competitive, leasing can generally be arranged in a relatively short timescale subject to status, allowing businesses to acquire the equipment they need when they need it.
SMEs looking at their finance options can obtain an instant leasing quote online using the WestWon lease calculator to help with budget planning. You can also email us with any queries at firstname.lastname@example.org or call on Tel: 01494 611 456. We are here to help you grow your business.
WestWon also provides a series of Leasing Fact Sheets for businesses wishing to find out more about leasing for their particular sector – for example, public sector leasing, catering industry leasing and medical and scientific industry leasing as well as general topics such as ‘Leasing Questions Answered’. You can also download the free guide to leasing – Financing Your Business Plans.