The tools you need to perform and grow

Hire purchase is a great option for businesses looking to buy the items they’ll need for the long-term, with tailored repayment periods to give you the flexibility you need to suit your cash flow.

Usually requiring an upfront deposit, Hire Purchase also gives you the peace of mind that you’ll own the items at the end of the given term.

Sale & HP back is available to refund clients who have recently paid for equipment and wish to finance the cost after the event.

• Repayment terms tailored to suit your business cash flow

• You own the items at the end of agreed finance term

• More often a more tax efficient option than a lease rental agreement

• Assets acquired through HP will go on to the Balance Sheets of the business

• VAT is payable up front

An effective means of businesses accessing expensive items that they need in order to grow, without having to bear the brunt of a large up-front cost.

Unlike Hire Purchase, you don’t own the items automatically at the end of the agreement. You lease them for a given period and there’s no automatic title of goods passing directly to you at the end of the agreement.

We can however abandon title via a 3rd party which normally includes an additional months rental charge.

• Fixed monthly payments enabling you to budget accordingly to aid cash-flow

• Option to return item or continue lease at the end of your agreed term

• 1-to-1 personal service

• As little as 1 monthly repayment in advance

• VAT spread across the repayments

• Any lease rental agreement is classed as a cost to the business on the profit and loss.

Refinancing uses an existing asset as security against a new loan, whether that be an asset you or your business owns outright, or an item you’ve acquired through hire purchase.

Refinancing is an effective means of debt consolidation and can be an effective way to improve loan terms, lower interest rates or arrange a more bespoke repayment plan.

• A novel way to raise capital for business projects.

• Assets can be refinanced and leveraged to provide capital within the business.

• We’ll work closely with you to establish how refinancing could best benefit you.