Admiral Leasing & Loans Strong Performance Continues

On the back of a very strong October, we are delighted to report that we have had a record November. 

Across the month we have supported over 138 UK businesses and secured a record amount of finance, helping them to start or further develop their businesses, and we have also seen a strong blend of both new and returning clients.

At Admiral Leasing and Loans, we love to support businesses at every stage of their development and work hard in cementing long lasting relationships, to ensure that we become the first point of call for our clients when they are looking for new funding.

Not surprisingly, now the cold weather is upon us, we have seen an increased amount of funding for coffee machines, but also for commercial floor cleaning equipment, IT equipment and aesthetic equipment. Equipment values have ranged from £1.5k to £150k over 1 to 7 years terms, and commercial loans for expansion and refurbishments have also been popular this month.
Whilst December is a short trading month, we predict it to be a busy one with many of our customers investing now ready to start the New Year! 
If you are looking for a loan or equipment finance, we can arrange funding in as little as 4 hours. So, if you have any funding requirements call our expert team on 0800 083 2181
Refer and Earn Love2Shop vouchers

If you are a customer we have previously arranged finance for, we’d love you to spread the word with other business owners.

As you know we don’t just provide equipment finance, we also offer short and mid term loans. If you introduce a new customer and the deal results in a successful new finance agreement, as a thank you from us you could receive Love2Shop vouchers.

The Love2Shop voucher amount will depend on the agreement value:

Agreement value:           Vouchers earned:

Up to £20,000                  £25

Over £20,000                   £50

 

Terms and conditions apply.

Contact us today.

HMRC reduces the number of approvals for the funding of small businesses

Research this month shows that HMRC has reduced the number of approvals for SME funding through the Enterprise Investment Scheme (EIS). 

A recent article featured in Business Money, revealed HMRC has reduced the number of approvals it gives for the funding of small businesses through the Government’s flagship Enterprise Investment Scheme (EIS).

HMRC approved only 62% of the total of 3,270 requests from SMEs to raise money through the EIS submitted in 2018/19, down from 75% in 2017/18* (year-end April 5), says Growthdeck, the private investor network.

Over the last 10 years **HMRC had been approving an average of 85% of applications under the EIS scheme.

Read the full article here 

This could well leave SMEs with a funding gap. At Admiral Leasing & Loans, we continue to provide fast and flexible funding to support business ambition and growth.  We’re always happy to discuss your funding requirements and how we can help. 

Contact our experienced team today.

Admiral Leasing & Loans Company Update

October was a strong month for Admiral Leasing and Loans and leaves us still on track to have our best year to date.  In October we helped over 125 businesses secure the finance they needed to develop and grow their businesses. 

Assets financed ranged from small pieces of IT equipment right up to medical grade lasers, loans for refurbishments and tax bills were also part of the mix.  With only two months to go to the end of the year, we continue to predict a strong performance right to the end of the year, proof that business is resilient to the changing political environment and continuing to invest.

As part of our continued development we have also appointed a broker manager to support our network of brokers. Colin Hanney joined us last month and brings with him a wealth of experience and is very much looking forward to developing our broker network.

 

Asset Finance New Business Increases 11%

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) held steady in August 2019 but was up by 6% in the twelve months to August, compared with the same period last year.

The commercial vehicle finance, and plant and machinery finance sectors reported new business up in August by 11% and 1% respectively, compared with the same month in 2018.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “August saw further double-digit growth in new finance provided for commercial vehicles as businesses were keen to invest in the newest technology.”
The latest figures again highlight that more businesses are focusing on leasing as an efficient way to acquire equipment. Many businesses can stand still because they require more, or improved equipment, so whether you’re looking to build your business, upgrade for the future, or simply keep up with current requirements, asset finance could be the answer.
Asset based finance is a viable option for business of all sizes, offering many advantages in terms of cash flow and tax efficiencies.
What types of asset finance are available at Admiral Leasing & Loans?
  • Sale and leaseback: Assets are sold back to Admiral Leasing & Loans and then leased back to you for an agreed period.
  • Hire purchase: A finance agreement that allows you to purchase assets over a period of time.
  • Commercial & professional loans: Loans to help your business grow, whether it be to buy equipment, to cover cashflow or for expansion.
  • Operating lease: Primarily used by schools, this option is a rental and ideal if you don’t need the equipment permanently.
  • Finance lease: A tax efficient way to acquire business assets, you pay for the equipment as you use it.
  • Invoice discounting: Release cash into your business by converting the value of unpaid invoices into working capital.
At Admiral Leasing & Loans, we tailor payment plans to the needs of your business as well as seasonal variations. Whether you are buying or selling business equipment, leasing makes investment east and for you and your customers.
Release capital in assets you already own with sale and leaseback

Unlock the capital held in your assets with sale and leaseback, a simple yet effective way to finance a business that is aiming for expansion.

You may have recently purchased equipment but decided that leasing would be a better fit for your business. Admiral Leasing & Loans can purchase most types of equipment at the invoiced or current book value and then lease them back to you at a term that you are comfortable with.
The advantages of sale and leaseback include;
  • Release capital
         Keep the funds in your business to be used elsewhere.
  • Boost cashflow
         Allows you to invest in equipment without compromising cashflow.
  • No downtime
         You will still have full use of the equipment.
  • Tax savings
         Your lease agreement is tax deductible.
  • Budget with fixed monthly payments
         Why pay for the cost of equipment in advance? Pay over time and make it fit with your budget.
At Admiral Leasing & Loans, we have written sale and leaseback leasing agreements on numerous asset types, so if you are looking to carry out a sale and leaseback agreement contact us today to find out how we can lease your purchased assets.
Is Equipment Finance Only Used by Businesses That Can’t Afford to Buy It?

Equipment finance, usually known as asset finance or a lease, is often frowned upon by cash rich businesses and only offered to customers of equipment sellers to who raise a price objection.

Managing your business finances is totally different to how you manage your personal finance. Any decent accountant will try and save you having to pay unnecessary tax on your profits. This is where equipment finance can help, not only businesses who don’t have the cash to buy outright, but also the highly profitable businesses that pay a lot of tax.

There are a number of ways a business can borrow money to acquire equipment, with leasing being the most common option being offered by equipment sellers. Leasing is a highly tax efficient way for a business to acquire equipment, as the equipment is bought buy the leasing company and then rented to the end user. This means the monthly payments are an expenditure, which is 100% deductible from any taxable profits. Below is a simple illustration of how this is works based on a business that pays at the standard corporation tax rate:

Cost of equipment: £20,000 + VAT 
Monthly repayments over 3 years: £640 + VAT 
Total repayments over 3 Years: £23,040 + VAT 
Tax Benefit over 3 years (based on corporation tax of 19%): £4,377 
Total payback over 3 years: (£23,040 - £4,377): £18,663 + VAT

Effectively saving you £1,337 + VAT off the cash price.

Leasing has many other advantages with it being a rental as it has no impact on your existing funding lines, the repayments are fixed through the term, so no sudden increases, and it allows you use the equipment now instead of having to save for it and miss out on any potential income. The cash you don’t use to buy the equipment can then be used to market your new services, which will only increase your profitability.

Of course don’t take our word for it, before buying the next piece of equipment for your business ask your accountant if a lease is the best, most tax efficient way to fund it.

Asset Finance Market Up 8%

Figures released by the Finance & Leasing Association (FLA) show that asset finance new business overall grew in July by 8% compared with the same month last year.

They also report that new business for deals of up to £20m increased by 7% over the same period, and total FLA asset finance was £3.075bn. The plant and machinery finance, and commercial vehicle finance sectors reported new business up in July by 12% and 13% respectively, compared with the same month in 2018, while the car finance sector saw growth of 6%.

Geraldine Kilkelly, head of research and chief economist at the FLA, said: “The asset finance market made a solid start to the third quarter of 2019.  Despite subdued levels of business investment, the industry has seen new business grow by 7% in the twelve months to July.”

The figures all indicate that more and more businesses are focusing on leasing as a more efficient way to acquire capital equipment. Asset finance provides lots of choice, whether you’re looking to unlock cash from items you own, or require new equipment for your business, whatever assets your organisation needs to invest in, Admiral Leasing & Loans has the expertise and the experience to help you.

British Business Bank Invest £12m into Admiral Leasing & Loans

We are delighted to have secured additional funding and expansion capital facility from British Business Investments.

British Business Investments Limited, the commercial arm of the British Business Bank, is investing £12m over the next five years into Admiral Leasing and Loans.

The investment is expected to double Admiral’s leasing and commercial loan capacity, allowing it to support more businesses accessing asset finance as part of their growth plans over the next five years.

The £12m contribution, British Business Investments’ fourth deployment of its expansion capital variant into the asset finance sector, comes through the Structured Capital Solutions variant of its Investment Programme. The programme helps widen the choice of funding smaller UK businesses can find on the market, and has now committed £700m to providers of smaller business finance.

Michael Hughes, Managing Director, ‎Admiral Leasing & Loans, said: “We are delighted to have secured this additional funding and expansion capital facility from British Business Investments. This combined facility will allow us to double the amount of funding we can make available to our varied SME customer base to support them with their future equipment and working capital requirements.

This innovative product from British Business Investments is a great example of government supporting lending to UK SMEs and will help us continue our rapid growth.”

Big or small, asset finance has benefits for all companies

Asset based finance can help many growing companies by providing a funding solution that can increase at the same rate as the cash flow needs of the business. It is also one of the best ways for a company to finance itself during a period of change, such as expansion.

The latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business grew by 5% in 2017, the seventh consecutive year of growth.
According to the FLA, the asset finance industry reported a record level of new business of almost £32 billion in 2017, despite challenging economic conditions.

Size doesn’t matter

Asset-based finance is a viable option for all businesses, no matter what their size. There are many benefits that cannot be found in other forms of financing. Leasing offers many advantages;
  • Frees up capital
  • Tax efficiencies
  • Fixed payments make budgeting and cash flow simple to manage
  • Protects your existing credit lines

At Admiral Leasing & Loans, we tailor payment plans to the needs of your business as well as seasonal variations. Whether you are buying or selling business equipment, leasing makes investment easy and quick for you and your customers.
Concerned about paying an upcoming tax bill?

With this year's self-assessment tax return date looming, it has recently been announced that from January 13th, 2018, HMRC will decline all personal credit card payments. The ban is a response to new EU rules that make it illegal for all businesses, including HM Revenue and Customs, to pass on the 1.5 per cent fees that banks charge to process each credit card payment. As a result, instead of covering the cost of the charges itself, HMRC has banned the use of personal credit cards when making a payment.

The ban comes at an already difficult economic time for many businesses trying to manage cashflow, and the timing is likely to cause problems for some of the eleven million people aiming to complete their annual tax return by the January 31 deadline.

HMRC does not hesitate in issuing penalties to companies that do not pay their tax liabilities on time. Many businesses have cashflow that can go up and down over time, however, unforeseen circumstances, or a better use for that money can cause problems when it comes to paying.

With repayment periods of just 3 months, our short-term loan facilities have been designed to help businesses manage this expense. Allowing businesses to take control of their cash flow and spread the cost of their tax liability into more manageable monthly payments.
Why opt for an Admiral Loan?
  • Easy to arrange facility
  • Repayment periods from 3 months to 5 years
  • Fixed monthly repayments
  • Decisions in as little as 24 hours
  • Protects your working capital
  • E-documentation option for fast document completion
  • Protects existing bank facilities
HMRC receive payment on time, resulting in no penalties!
Contact us today and we will tailor the loan to suit your circumstances moving quickly to avoid any late payment penalties from HMRC.
What will you do differently this year?

Wouldn’t it be great if you could find an easier way to achieve this year’s sales figures? Admiral Leasing and Loans may be able to help.

As an equipment supplier do you offer the right finance option to your customers? Whilst offering a finance option is proven to reduce cost objections, increasing your margins and efficiency, you also need to make sure you are working with the right finance partner.

Here at Admiral Leasing and Loans, it’s important for us to get to know your company, products and sales team. We offer training and take part in sales meetings where possible, to make sure that you have all the tools you need to help achieve your 2018 sales objectives. We’ll support you throughout the year putting sales targets and incentives in place.

To find out how we could make a positive difference to your year contact us now.

Admiral Leasing has moved

After 30 years of trading Admiral Leasing have moved to larger premises situated within a converted mill on the outskirts of Oldham. Directors Michael Hughes and James Frost commented that ‘the time is right for Admiral to look to the future. The economic climate is improving and we need to be ready to react and have plans to increase staffing levels over the next few months so that we can increase business and offer the best service possible for our brokers and direct customers old and new.

Moving after 30 years gave us a good opportunity to have a good clear out but we were very quickly up and running again and open for business. So if you are looking for equipment finance or would like to know about the new job opportunities available, why not make contact...

Admiral support Macmillan

Admiral Leasing staff had a few days of feeling like 'Mary Berry' when all colleagues supported the Worlds Biggest Coffee Morning on Friday 25th September 2015 in support of Macmillan Cancer Support. There was a huge effort from the staff of Admiral, baking and producing cakes and selling them to the staff of the various businesses in the building.

The event was hugely supported by everyone involved in baking and more importantly buying. Admiral raised a great £212.00 in support of this fabulous cause.
A heart felt thank you from all at Admiral Leasing to all who came and bought our cakes, the event was a great success.
THANK YOU

Susette Is Ready To Make Scotland Beautiful

Susette has over the years built a very successful beauty business from a converted garage in her house. She has always invested in technology, but the 3D Lipomed was just out of reach financially. So with the help of Admiral Leasing we managed to create an affordable solution.

She now has the capability of reducing fat, without surgery, along with treating skin tightening and cellulite. Susette said, ‘I am so excited, this is exactly what my clients have been asking for and it is going to be such a boost to my business. I couldn’t have done it without the help of Admiral.‘

New Arrival at Admiral

Admiral’s Sales Manager, Carol Bolton, is very pleased to announce the birth of her daughter Florence, who was born on the 17th February. All the team at Admiral wish her well and hope she settles into motherhood….but we are also looking forward to her returning to Admiral soon!

Make an enquiry

I have read and agree to the privacy policy