A Guide to Plant and Equipment Maintenance

When 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…

A Guide to Asset Finance

In order for a business to grow, it is highly likely that asset finance will be required at some point. There are many types of finance packages that are available, thou the two most common are Hire Purchase Agreements and Lease Agreements. Some funding facilities are only available to certain types of businesses, depending on…

A Guide to Hire Purchase Finance

In simple terms, a Hire Purchase Agreement means that Title of Ownership passes to the hirer at the end of the agreed term. Businesses and Individuals can secure an item of plant, vehicles or machinery by sourcing the asset themselves, and agreeing the price with the supplier. Once asset finance has been agreed, the supplier…

A Guide To Practice Finance

The most beneficial form of financing is targeted to your particular needs! Practice finance provides reliable and clear solutions for those looking to fund their professional practice – this could be a Solicitor, an Accountant, a Dentist or a Vet. Some areas that are included are unsecured loans, capital financing, VAT considerations and tax remedies.…

A Guide to Keeping Your Assets Safe

HPI Most financial institutions that provide asset finance, register their goods with agencies that provide information regarding ownership.  This benefits both parties, the finance house and the hirer.  When an asset, particularly a vehicle, is being taken as security against finance, it is important for both parties to be confident of ownership.  The most well…

A Guide to Personal Information

This 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…

A Guide To Leasing Finance

Leasing 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…

A Guide to Business Finance

Sourcing 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…