Archive for March, 2014

A message from our finance partner

Monday, March 17th, 2014

We have partnered up with Gable Asset Finance in the UK to provide businesses with individually tailored finance packages.

About Gable Asset Finance

✔ Financial Solutions

✔ 98% acceptance rate

✔ Rates from 3% Flat!

✔ Decision within 2 hours

✔ Immediate Funds Available

✔ 100% Tax Deductible

Contact Now

Barry Smith – 0117 977 9494

Gable Asset Finance

Richard Sorsky – 0845 612 2626 / 07956 156 354

richard@gableassetfinance.co.uk

http://www.assetequipmentfinance.co.uk/

Financing

Gable offers a full range of equipment leasing and financial solutions which can offer many advantages over outright cash purchases for all businesses in the private and public sectors; from sole traders to local authorities.

Gable Asset Finance funds a diverse range of assets, for all shapes and sizes of business. The customer negotiates the purchase price of the asset then Gable Asset Finance arranges the right financial package. Quite often the facility is already in place, being part of a pre-negotiated credit line. Financing in this way allows you to let your equipment pay for itself over a period of time for a small monthly payment.

Financing equipment is becoming a popular way to start a business or to improve the cash flow within an existing business.

With little or no capital expenditure, many business owners have reaped good financial rewards, by utilizing tax efficient finance agreements.

Small business finance

Gable Asset Finance provides tailor-made finance solutions to small businesses, medium enterprises and start-up companies (subject to status). Offering competitive rates on small business finance, Gable Asset Finance leads the market in providing affordable solutions in a challenging economic climate.

Corporate asset finance

Corporate asset finance provides a solution to companies that are in need of new capital assets. Gable Asset Finance, one of the leading providers of corporate asset finance in the UK, offers several different types of funding that can help businesses secure the assets and equipment they so desperately require.

WHY LEASE?

Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased from a Sunbed to a total new refit i.e. from £1000 to several hundred thousand pounds.

SHOULD I PAY CASH OR LEASE?

You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:

  1. All leasing payments are rental payments and as such are an allowable business expense, therefore if a business is making profits they reduce the profit by the amount of the rentals you pay each year which in turn reduces your tax bill.
  2. Lease payments are the same throughout the lease contract. This means that increases in interest rates do not affect you and enables you to budget your cash flow more effectively.
  3. Leasing enables you to save your cash for other purchases such as new stock, staff training, advertising and new business opportunities.

DO MY PAYMENTS INCREASE IF INFLATION OR INTEREST RATES RISE?

No. Your monthly payment is fixed at the start of the lease and so are unaffected by interest rate rises. This enables you to budget your cash flow more accurately.
As inflation rises, because your payments are fixed the cost of the equipment reduces in real terms.

IS THERE A TAX BENEFIT ASSOCIATED WITH LEASING?

Yes!
A business wishing to acquire capital equipment has to seek the most tax efficient way when doing this. All lease payments are treated as an allowable business expense and therefore attract tax relief for the full duration of the lease agreement. Your accountant will be able to confirm this.

HOW DO I MAKE MY MONTHLY PAYMENTS?

All payments are made by Direct Debit on the same date each month. Other options are available.

SHOULD I GO TO MY BANK?

Using your bank for all your business funding is not good practice. If you use all your overdraft facilities you leave yourself in a vulnerable position to react to any unexpected needs of short-term borrowing. Your bank may change the interest rate mid-way through a loan or reduce your overdraft facilities, which can dramatically affect the cash flow of your business.
Sometimes banks will limit the amount they will lend you without further security for example taking a charge on your home.

It is not financially prudent to have all your eggs in one basket.

WHO LEASES?

Nearly every market sector large or small benefits from leasing, from new start business to large established companies.

HOW DOES A LEASE WORK?

A lease agreement is a contract between you the customer and a leasing company. This enables you to use equipment over a period of time on payment of rentals to the leasing company.

With a typical lease agreement, you make a series of regular payments (usually on a monthly basis), thus helping cash flow, as opposed to a large capital outlay for the equipment.

At the end of the lease term, the equipment is yours, subject to a small final administration charge to transfer the title in the goods to you.

HAVE THE BEST EQUIPMENT.

You normally only pay a small deposit with a lease agreement, this enables you to choose the best equipment available with only a small initial cash outlay. This enables you to have the best equipment available with the latest technology and start to enjoy the extra profits this generates before your next lease payment is due.

Acceptance for leasing is subject to status and provided by the leasing company.

Thanks for reading

Spencer

The largest range of Marquees in the UK

Monday, March 3rd, 2014

As you may have noticed our website has changed, this is due to our expansion in to other ranges of marquees. We now have five ranges of marquees across 23 different sizes of marquee culminating in over 70 different marquees to choose from, we believe this means we have the largest range of marquees available in the UK and hope to have the marquee to suit any requirement. We also now stock a heavy duty range of pop-ups and pagodas.

Our two new cheaper ranges probably won’t be of interest to you as a hire company – the party tent range uses PE fabric (only suitable for occasional domestic use) and our new Classic range is made using 500gsm PVC but without the features we believe are essential to hire companies – I wouldn’t recommend hiring out a 6m marquee without eave braces for example.

Our new Professional range should prove popular in the hire industry, it is based on our Commercial framework but with a heavier duty 650gsm PVC roof.

As always our new products and ranges come from feedback from customers (thank you) and our own experience. This is why we are one of the leading designers and suppliers of marquees in Europe. Which we’re quite chuffed about to be honest.

We always like to hear feedback regarding our marquees or website so if you have anything to add or any new product ideas please always send them along.

Thanks for reading

Spencer