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Leasing In Lancashire Helps Local Economy Grow

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As the economy starts to pick up, more and more companies throughout Lancashire are increasingly investing in capital equipment with the help of flexible leasing solutions from leading asset finance company, WestWon Limited.

With the second largest economy in North West England, Lancashire has a GVA of around £23bn and the region’s aerospace sector alone contributing £850 million to the economy. The food and drink industry is also strong in the county, employing 13,000 people and boasting a network of successful small producers as well as multinationals such as Dr Oetker and Burton’s Biscuit Company.

One of the fastest growing and most popular ways for businesses to finance their investment in equipment and technology is through a lease agreement. Leasing allows all sorts of retailers, manufacturers, laboratories, opticians, health clubs, restaurants and construction companies in Lancashire 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. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill.

From IT equipment or medical technology to an entire office refurbishment, a wide range of specialist equipment can be leased locally as well as entire projects. Some of the most popular types of equipment leased in Lancashire 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 has been helping businesses of all sizes and sectors in Lancashire drive their business forward by arranging lease agreements to meet their needs. With an extensive network of over 600 finance partners and suppliers throughout the county, including over 100 in Manchester, 52 in Bolton, 23 in Burnley and 42 in Preston, the company is able to provide each business with a tailored service and a dedicated account manager.

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

What Should You Look For When Choosing An IT Support Provider?

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In today’s competitive marketplaces,  IT infrastructure is at the heart of most if not all successful businesses. Not only is it essential to source the right IT equipment, software and telecommunications solutions for your specific needs, it is also important to think about on-going maintenance of these systems and future upgrades as well. Larger organisations generally have in-house resources at their disposal, but for small to medium sized companies in particular, it is often preferable to outsource their IT support. But how do you go about finding an IT support provider that understands your business and that you will feel comfortable working with on an on-going basis?

Here are 5 tops tips for choosing an IT support provider.

1. Take references

You may well have a successful meeting with a potential IT support supplier, but taking references will provide a different point of view and can also give you an insight into the company’s work ethics and ‘habits’. Information from someone who has experience of working with your would-be provider can be invaluable.

2. Check out potential partners thoroughly

The easiest and quickest way to check potential partners’ credibility is to have a look at their websites and search for any certificates, qualifications and/or industry accreditations that back-up their claims regarding IT knowledge and skills. A company with an array of partners, for example,  signifies that they have access to the latest solutions and should be able to provide a quality service.

3. Expect clear pricing

It is always good to know how you will be charged, especially given that amounts may vary depending on the service that is being provided. Remember to always check what is included in the cost to avoid any hidden or extra charges, and also what IT lease finance options are available.

4. Look for proof of competency

Ask potential suppliers to provide their Service Level Agreements (SLAs)  defining response times and resolution targets. Or alternatively, why not test the service out yourself. An IT partner who keeps you on hold, or where you have to go through a variety of stages on the phone before you are connected to a member of the Service Desk team is probably not a partner you want to work with.

5. Talk to the employees

Companies that recruit the best staff will usually be able to deliver the best services. People do business with people, so look out for company/individual awards that may represent a good work ethic and a company that values its employees.

Finally, it is worth remembering that it is often possible to include project management and maintenance costs in a lease agreement. For more information about IT leasing options, call WestWon on Tel: 01494 611 456 or download our Lease IT brochure.

Local Leasing Company Helps Businesses In Kent Blossom

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Known as the garden of England, Kent is perhaps unsurprisingly the most populated county in the country with 1.68 million people. With its excellent connections to London and mainland Europe, it is also the location of choice for a wide range of world class companies such as Pfizer and Hitachi as well as a host of SMEs.

With the recent increase and extension of the Annual Investment Allowance (AIA), medium-sized businesses in Kent and across the UK are increasing or bringing forward their capital investments in technology and machinery to drive growth and stay at ahead of their competitors.

This is where 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. 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 catering equipment to packaging machines and medical technology, is being leased by Kent businesses. Other leasing options include general office equipment such as furniture, photocopiers, IT software and security systems. In fact, almost any type of tangible equipment can be considered for leasing.

WestWon Limited has experience of working with organisations in the private and public sector across Kent, 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 645 partners and suppliers in the area, which includes 33 in Ashford, 34 in Bromley, 45 in Maidstone, 37 in Rochester and 35 in Sevenoaks.

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

 

 

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Leasing helps businesses in Kent blossom #kent #leasing #equipment

West Yorkshire Emerging From The Downturn Assisted By Local Leasing Deals

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As the economy starts to pick up, more and more companies throughout West Yorkshire are increasingly investing in capital equipment with the help of flexible leasing solutions.

Yorkshire and The Humber has been one of the regions of the regions affected by the recession with one of the highest increases in unemployment rates between Q4 2007 and Q4 2012, increasing by 3.5 percentage points from 5.4% to 8.9% according to the Office for National Statistics (ONS).  Yorkshire and The Humber was responsible for 6.9% of the UK’s GVA in recent years, amounting to £90.9 billion. Nearly half (46%) of the region’s GVA was generated in West Yorkshire (£41.6 billion).

Manufacturing continues to account for almost 5% more of the regions output versus the average for the UK. Bucking the trend is the vibrant economy seen in around Leeds with Leeds a low proportion of businesses in sectors considered to be vulnerable, such as engineering, construction, metals and chemicals.

One of the centrepieces of the Chancellors budget in March 2014, the increase and extension of the Annual Investment Allowance (AIA), is providing a welcome boost by delivering real tax savings for businesses. With the AIA doubled from £250,000 to £500,000 until the end of 2015, businesses in West Yorks, Leeds, Bradford and other main towns are set to increase or bring forward their capital investments in plant and machinery to drive growth and counter the effects of the recession.

This is where 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 in West Yorkshire and the surrounding areas 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.

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.

Leading asset finance and leasing company, WestWon has been helping businesses of all sizes and sectors in towns in the county of West Yorkshire, including Leeds, Bradford, Huddersfield, Wakefield, Kirklees and Weatherby to re-invigorate their businesses by arranging flexible lease finance agreements to meet their needs. With an extensive network of over 500 local leasing finance partners and suppliers throughout West Yorks, including over 125 leasing suppliers in Leeds alone and 50 in Huddersfield and 50 in Bradford, WestWon has recently completed over 50 leasing deals in the area.  As a local leasing company, WestWon is able to provide each business with a tailored service and a dedicated account manager who possesses valuable regional knowledge.  We also offer specialist leasing and parental donation systems for tablets in the classroom appropriate for digital learning schemes being considered by almost 1,000 schools in the county of West Midlands,

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

All Liverpool Businesses Need Is Local Leasing

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As well as producing one of the biggest pop bands in history, Merseyside is home to over 38,000 VAT registered businesses, worth £25.3bn to the UK economy. The region has experienced a remarkable renaissance over the past decade, with its economy outperforming the rest of the UK during this time.

To cement its position as a thriving hub for business, from world leading multinationals to innovative new start-ups, Liverpool recently hosted the International Festival for Business (IFB). The largest international business event in the world in 2014, the festival connected UK business growth into international markets and attracted some 250,000 visitors from over 125 countries.

As a well established local leasing company, WestWon Limited also has a strong presence in Merseyside and has successfully arranged many local lease agreements for a variety of businesses in the area. With 169 partners and suppliers across the region, which includes 78 in Liverpool, 21 in Southport, 12 in St Helens, 18 in Wirral and 7 in Ellesmere Port, the company can offer businesses a tailored local service as well as highly competitive rates.

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.

Unlike buying, leasing means Merseyside 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 in the region are:

  • IT equipment (e.g. computers, tablets, printers)
  • IT software
  • 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

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

 

The Eight Wonders Of The Business Leasing World

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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.

1. Keep up to date with technology

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.

2. Improve cash flow

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.

3. No large capital outlay

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.

4. Instant return on investment

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.

5. Tailored agreements

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.

6. Total flexibility

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.

7. Considerable tax benefits

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.

8. Accurate budgeting

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.

Leasing In Tyne and Wear 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 Tyne and Wear  and local towns in the area such as Gateshead, Newcastle-upon-Tyne, North Shields, Sunderland, Washington where confidence amongst local businesses is returning.

On the back of recent amendments to the AIA, businesses in the region of Tyne and Wear 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 Tyne and Wear, leading leasing company WestWon  has a wide network of 140 local leasing finance partners and has successfully arranged lease agreements for many businesses in the county.

Using a local leasing company 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. It also helps start up businesses such as gyms and catering establishments  – coffee shops, restaurants, takeaways – to acquire essential equipment fast, 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. Indeed, WestWon has recently completed many local leasing agreements in the Tyne and Wear area.

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 450 schools in the region, 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.

 

More About Leasing Warehouse Fittings And Fit Outs

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For many companies, a well-equipped warehouse is an essential part of their operations plan and inextricably linked with business productivity and competitive edge. Whether it is simply a case of updating your warehouse racking or, at the other end of the scale, planning a complete workspace design and fit out or relocation, leasing can be the ideal way to finance your warehouse project.

Leasing warehouse updates and fit outs can include many diverse elements, such as:

  • Leasing for LED lighting and power
  • Leasing for ventilation systems
  • Leasing IT equipment – hardware such as computers, servers, and software.
  • Leasing for desks and other office furniture and joinery.
  • Lease finance for Lantech pallet wrappers or Lantech shrink wrappers
  • Leasing the design and build of mezzanine flooring
  • Rental for a fork lift truck
  • Leasing air conditioning, heating and ventilation systems
  • Leasing  warehouse racking
  • Leasing  pallet racking systems for narrow aisle, double deep or wide aisles
  • Leasing anti-collapse mesh or frame systems
  • Leasing partitioning and shelving
  • leasing shrink wrapper or packaging machines
  • Leasing trapping machinery

 

Buying or refurbishing a warehouse and fitting it out is, without doubt, a capital-intensive project and may even include major modifications such as installing a mezzanine floor (an extremely cost-effective way to transform unused vertical space into a storage, production or office area in your warehouse.) Many companies realise that the upfront investment in new warehousing facilities will save money in the long run, by driving efficiency and minimising labour costs. Finding a leasing deal that covers some or all your warehouse refit costs can be an excellent way to acquiring the warehousing you need now and spreading the cost over the useful life of the facility, which could be many years.

WestWon has extensive experience of arranging the best leasing deals for warehouse fittings and fit outs. For more information please contact WestWon on Tel: 01494 611456. Alternatively, you can email us: [email protected]

Local Leasing Helps Warwickshire Feed Tourist Boom

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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.

Equipment Leasing Plays A Leading Role For Local Hertfordshire Businesses

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Home to some of the biggest names in Hollywood with Warner Bros. Studies and Elstree Studios, Hertfordshire boasts an A list cast of world class businesses such as GlaxoSmithKline, Tesco Plc and EE as well as a host of fresh new start-ups. In fact, the county has around 55,000 active private sector businesses. Many of whom are discovering the benefits of leasing to finance capital investments in equipment and technology.

With a strong presence in Hertfordshire, leading local equipment leasing company WestWon, for example, has recently  successfully arranged lease agreements for over 60 businesses in a variety of sectors in the county. With over 675 partners and suppliers across the county, which includes 73 in Watford, 71 in St Albans, 40 in Stevenage, 49 in Hemel Hempstead and 19 in Barnet, the company can offer businesses a tailored local service as well as highly competitive rates.

Leasing is one of the fastest growing and most popular ways to finance equipment and technology amongst companies of all sizes and industries in Hertfordshire, from laboratories and manufacturers to restaurants and start-up enterprises.

Unlike buying, leasing means companies can pay as they use. After an initial payment, the equipment can be used straight away and the cost spread over its useful life, so the asset can be paid for with the income it generates.

Local 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 obsolesce – a major issue for IT and computing equipment.

A leasing scheme can offer considerable tax benefits too. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing tax bills. 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.

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

 

 

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Equipment leasing plays a leading role for #Hertfordshire businesses  #leasing #assetfinance #SMEs

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