We offer independent advice on the funding of all types of equipment by way of Lease and Hire Purchase.
We provide a helping hand through the minefield of different options in the business financing market, tailoring a deal specifically for you, whatever your credit situation. We’ll do the sums and manage the paperwork.
We are Asset Refinance specialists, which is a popular product amongst business owners. Refinance is used to raise capital against equipment already owned by a business; it’s a clever way of unlocking equity to quickly raise cash.
A lease facility is probably one of the best and most efficient ways to finance equipment for your business.
A lease facility is probably one of the best and most efficient ways to finance equipment for your business.
By leasing equipment, you do not tie up the most valuable commodity your business has; working capital. Equipment is paid for over the term of the lease, typically between two and five years, so you have the benefit of the equipment now and pay for it over its useful life whilst it generates more profits for you.
A Finance Lease offers similar benefits and risks to a HP agreement.
A Finance Lease offers similar benefits and risks to a HP agreement. However ‘title’ (ownership) to the equipment remains with the finance company at all times. As the customer does not have outright ownership, no capital allowances are available. However, equipment is capitalised in the Balance Sheet, and depreciation is charged to the P & L account. VAT is paid on each rental throughout the term.
At the end of the Lease, the customer enters into the “secondary period“ whereby one month’s rental is paid on an annual basis (Peppercorn rent). Alternatively the customer sells the equipment and retains a high percentage of the sale proceeds and accounts for the balance to the finance company.
Also known as deferred purchase, lease purchase, purchase plan, or simply, HP. It’s a popular and traditional finance method where payments of capital and interest are paid over the agreement term. Capital allowances are claimed on the full cost of purchase, commencing in the accounting period when equipment is acquired. VAT on the full equipment price is payable (and reclaimed) at the outset, often together with a deposit.
We offer independent advice on the funding of all types of equipment by way of Lease and Hire Purchase.
We provide a helping hand through the minefield of different options in the business financing market, tailoring a deal specifically for you, whatever your credit situation. We’ll do the sums and manage the paperwork.
Registered Office: 124 Acomb Road, York, England, YO24 4EY. Tel: 020 3627 7411
Registered in England & Wales. Company Registration Number 12052981
Office Tel:
020 3627 7411
Email:
Info@restorecapital.co.uk
Address:
124 Acomb Road
York
England
YO24 4EY