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Tag Archive for: westwon local leasing

The Only Way Is Leasing For Local Essex Businesses

July 24, 2014/0 Comments/in General/by Jess Wells-Flint

With a long history of international trade, much of the economy of Essex is characterised by small businesses. Like many regions across the UK, the county has seen more and more SMEs turn to leasing to finance their businesses plans.

Leading asset finance and leasing company, WestWon has helped over 65 local Essex businesses in a variety of sectors to acquire the assets they need to grow and prosper by arranging flexible lease agreements.

Essex, which has a population of over 1.7 million and covers 3,670km2, is an attractive location for businesses thanks to its close proximity to both London and Cambridge as well as easy access to Europe. Its infrastructure is amongst the best in the country, being home to the UK’s third largest airport, London Stansted, and the largest deep water port at Tilbury.

Leasing has an important role to play by providing businesses with the opportunity to pay for 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 In terms of technology, IT equipment can become out of date in just three to four years.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. Plus, with an operating lease, rental payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill.

A wide range of equipment, from IT hardware and software to packaging machines and medical technology, can be leased. 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.

With years of leasing experience in serving businesses in the Essex area, from Colchester to Romford, WestWon possesses valuable local knowledge to help companies find the right leasing solution for their particular business and has a comprehensive list of local suppliers. In fact, WestWon has over 700 partner manufacturers and suppliers throughout the county, including 74 in Colchester, 64 in Chelmsford, 39 in Basildon, 35 in Harlow and 34 in Ilford.

WestWon Limited can provide asset finance solutions for a variety of businesses in Essex. For more information, download the Essential Guide to Leasing for Business.

 

 

0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2014-07-24 08:00:152014-07-24 08:00:15The Only Way Is Leasing For Local Essex Businesses

Cheshire Businesses Grow With Flexible Local Leasing

May 30, 2014/0 Comments/in Blog, General/by Jess Wells-Flint

Paying upfront for equipment or an asset can be a significant drain on the working capital for most businesses. Leasing is fast becoming one of the most popular ways to finance equipment across the UK and this is particularly evident in Cheshire, where leading local leasing company WestWon has recently arranged 40 lease agreements for a variety of businesses.

One of the UK’s most significant growth locations, Cheshire hosts an exceptional private sector research and industrial base, including world-class businesses. A high proportion of companies are engaged in knowledge and technology activity. In fact, the area is in the top 10 in England for the percentage of employment in high and medium technology production and the knowledge economy.

Leasing provides these and many other businesses with an alternative funding, which enables banking and overdraft lines 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, leasing means companies can pay as they use. After an initial payment, you can start using 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. Plus, you have the ability to simply upgrade or expand equipment as and when the need arises, so you can always have the latest technology.

The lease itself can be tailored to suit the business. 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. You can also source equipment from multiple suppliers.

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 include furniture, computers, security systems and even maintenance agreements.

WestWon Limited has many years’ experience working with organisations in the private and public sector in Cheshire, helping them source manufacturers and equipment as well as arranging flexible lease agreements. The company is well placed to provide businesses with a tailored local service with over 400 partners and suppliers in the county, which includes over 55 in Chester and Altrincham, 85 in Stockport, 65 in Warrington and 27 in Crewe.

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

 

 

0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2014-05-30 09:25:442014-05-30 09:25:44Cheshire Businesses Grow With Flexible Local Leasing

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