We have recently completed a transaction for a taxi firm for a 3rd vehicle. This was a relatively new start for a director of an existing customer. The new vehicle was a 9-seater whereas his existing vehicles were 4 seaters so we agreed a 0+ profile with a VAT deferral to enable him to market…
New start flotation centre. Good investment into the business and a lot of cash available behind the business. Running current successful companies. Strong personal searches on the director and good VR history. Homeowner. Additionally owns 3 properties, each with good equity. Originally proposed for fixtures and fittings at the cost of £25,000.00 + VAT –…
Newly incorporated business who hire out Morgan Motor vehicles to wealthy clientele as a part of getaway package at a nearby partner hotel owned by the director’s husband. Based on the number of previous/existing bookings, the business seems to be very successful in their early days. The purchase of the vehicle would help the director…
Hire purchase is a traditional form of asset finance and a product which provides the client with the immediate use of the equipment or vehicle, whilst also permitting the option to purchase the product at the end of the period of hire for a pre-agreed sum. All other benefits and risks of economic ownership rest…
A contract for a period of time where payments are made in return for the use of equipment. With the option of deducting 100% of the lease payment as a business expense*. The term of the lease can be matched to the useful life of the equipment, typically two to five year hire periods are…
