As announced in the 2018 budget, there has been an increase in the Annual Investment Allowance (AIA) for qualifying expenditure on plant and machinery. The increase is from 1st January 2019 to 31st December 2020 and has risen from £200,000 to £1m. Businesses that have financial year ends that straddle the date of change, will…
DetailsIt is with sad regret that Stephen Walker who joined us in February 2018, has decided to leave the company and go back in to the retail sector where his background lies. Stephen left us in January 2019 and we wish him every success for his future. Any contact that you may have had with…
DetailsWe would like to wish Customers, Brokers and Suppliers, new and old, a very Happy and Prosperous New Year. County ending the last quarter of 2018 on a high, achieving one of the best quarters for new business in recent times. Having secured an increased funding line with their long term investors, County are looking…
DetailsWhen you obtain a new piece of machinery or equipment through asset finance, it is incredibly important that you ensure effective maintenance of the equipment is carried out. Maintenance falls into two categories:- Scheduled Maintenance (e.g. on a quarterly basis) to ensure that the machinery or equipment continues to function optimally, and Adhoc maintenance that…
DetailsWhat should you think about before purchasing new machinery? For most businesses, even those turning over millions of pounds per year, purchasing new machinery is a large financial decision that should not be made lightly and without full consideration of a number of factors. Capital expenditure whether it be spending hundreds of thousands of pounds…
DetailsWhat is Asset Refinancing? Asset refinancing is where an asset, that is already owned by you, is used to raise capital against it. This allows a business to raise capital against goods already owned. Asset refinancing is often available on vehicles, equipment and machinery that was either previously financed, or on equipment that has been…
DetailsSourcing financing for your business can be a challenging task, particularly if you have not previously applied for finance. The market has changed significantly in recent years, and the increase in the number of businesses providing ‘alternative finance’ means many companies requiring funding no longer approach banks, instead seeking other options. The alternative finance market…
DetailsAsset-based finance refers to a situation in which a business obtains financing when they purchase a new asset, and the asset is then used as security against the lending. The two most common types of asset finance are Hire Purchase and Lease Finance. The term ‘asset’ can refer to a number of different items and…
DetailsLeasing Finance A lease is a contractual agreement between a Lessee and a Lessor over a given period. The main difference between a Hire Purchase Agreement and a Lease, is that with a Lease, ownership of the goods will always be with the finance provider (Lessor) The Lessor, is the owner of the asset or…
DetailsThis area has many conditions that will apply to both the hirer providing the information about themselves and for the financial institution holding the information. The area is quite complex and the information provided here is only a brief overview and further guidance can be sought on the internet. It is important that any finance…
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