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Hire Purchase
Key Features


  • Popular and traditional method of Bus & Coach funding

  • Able to fund other assets such as cars, ancillary equipment and commercial trucks

  • Fixed and variable rate pricing available

  • Non-regulated and regulated agreements

  • The customer will ultimately own the asset on completion of payments

  • Asset is treated as ‘on’ balance sheet for the customer

  • The customer typically pays the VAT upfront as part of the overall deposit  and therefore no VAT is charged on the repayments

  • VAT can be deferred up to a maximum of 3 months

  • The customer claims the tax capital allowances (writing down allowance)

  • The interest element of the customers repayments are usually an allowable expense against taxable profits

Key Benefits

  • Alternative source to bank finance

  • Fixed rate funding method allows the cost of the asset to be spread over an agreed period therefore providing cash flow benefits

  • Facility cannot be withdrawn provided payments are made – unlike other sources of funding e.g. overdrafts

  • Allows the customer to reduce their tax liabilities if they can fully utilise the allowances available

  • Variable rate funding available tracking the latest interest rates



Finance Lease
Key Features


  • Payments spread over the period of the agreement

  • Fixed rate pricing only

  • Non-regulated and regulated agreements

  • Able to fund other assets such as cars, ancillary equipment and commercial trucks

  • The customer treats the asset as ‘on’ balance sheet

  • Rentals are calculated on the cost of the asset, exclusive of VAT

  • The rentals payable attract VAT (recoverable by VAT registered companies)

  • Reduced disposal or depreciation concerns

  • Customer rentals are normally off set against taxable profit

Key Benefits

  • The customer does not have to pay the VAT upfront

  • For companies that cannot take full or immediate benefit of the tax capital allowances (writing down allowances) a finance lease reflects the cash flow benefits in reduced rentals (which are tax deductible)

  • Allows the customer to retain the majority of the sales proceeds on disposal

  • Allows the customer continued use after the primary period by paying a secondary period rental






Key Features


  • Re-finance a single or a fleet of vehicles

  • Fixed rate pricing only

  • A majority of vehicles value can be advanced

  • Sale & Hire Purchase back option (see key features of Hire Purchase)

  • Sale & Lease back option (see key features of Finance Lease)

  • Loan & Chattel mortgage option

  • Ability to finance vehicles which are already financed with another funder

Key Benefits

  • Provides a cash injection by releasing the equity in your vehicle or fleet

  • Removes reliance on banking facilities

  • Can aid the long term stability of the business

  • Accurate valuation of vehicles obtained for accounting purposes

  • Reduces annual bank overdraft facility fees







Contract Hire
Through an associated partner we can quote comprehensive packages covering both cars and vans

Key Features


  • Both personal and business car finance options available

  • Includes any make and model of vehicle

  • Fixed monthly payments

  • Option to include all maintenance and servicing costs

  • Lower monthly repayments compared to alternative finance options as a residual value is built in

  • Rentals are normally off set against taxable profit

Key Benefits

  • Fixed cost vehicle provisions and maintenance enabling customers to budget accurately

  • Reduces residual value and disposal concerns

  • Minimises initial financial outlay

  • Improves customers financial ratios as is accounted as ‘off balance sheet’



Business Loans
Key Features


  • Loans for any purpose

  • Loans from £5,000 to £150,000 unsecured. Directors Personal Guarantee required

  • From £100,000 to £1,000,000 Secured i.e Company Debenture, second charge lending

  • Loans can be arranged against asset purchases from £20,000 to £1,000,000 – no deposit required, VAT funded

  • Interest Rates Average 7.6 – 8%

  • Fixed Rate, monthly repayment loans from 6 months to 5 years

  • No Up-Front Application Fees or Early Repayment charges

  • Minimum turnover £100k per annum and must be a UK resident director

Key Benefits

  • Totally independent from business banking, giving total flexibility to run your own business effectively

  • Fixed rate funding method allows the cost to be spread over an agreed period therefore providing cash flow benefits

  • Funds generally available to successful applicants within 7 days





Invoice Factoring
Key Features


  • Provides an immediate injection of cash against the value of outstanding invoices

  • Goods are delivered or services provided to the end customer

  • The customer is invoiced and a copy of the invoice is sent to the factoring provider

  • A pre-agreed percentage value of the invoice is advanced (typically between 70% and 90%)

  • Cash advances are released very quickly normally next day

  • The outstanding debt is collected from the end customer by the factoring provider and the remaining balance is paid to the business

  • This is a source of finance which does not involve borrowing

Key Benefits

  • Immediate cash injection – money is released as soon as an invoice is raised, so no waiting for 60 days or more for payment

  • Improved cash flow - companies can tender for new business and start work on new orders without delay, as well as being able to settle own bills promptly

  • Ongoing working capital – factoring allows financial flexibility as the funds that can be accessed grow in line with sales

  • Time saving - factoring frees up valuable management time by providing a cost effective way of outsourcing sales ledger management and collections

  • Peace of mind through protection from bad debts - with additional credit insurance the business will still get paid, even if the customer becomes insolvent

Hire Purchase
Finance lease
Contract Hire
Business Loans
Invoice Factoring
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