We are able to fund all types of hard and soft assets, whether it is a car, van, coach, commercial vehicle, plant and machinery, materials handling, and construction, agricultural, catering, medical and dental, recycling plant, garage, technology and office, renewable energy, oil and gas and aviation and marine equipment, asset finance is the perfect solution for assisting your company’s cash flow.
Our funding options include Hire Purchase, Contract Hire, Finance Lease, Operating Lease, Unsecured Commercial Loans and Project Finance. We work with the widest portfolio of Funders in the UK Market, over 120 Lenders, to find the best finance terms for you and your business.
We can also refinance your existing assets and make your assets work harder for you and use them to raise additional cash for your working capital requirements. We have a number of funders who specialise in providing refinance packages.
Hire Purchase / Lease Purchase
Hire Purchase or Lease Purchase agreements generally last between 12 and 72 months. They involve you paying an initial deposit or a certain number of rentals in advance as a deposit plus fixed monthly instalments over the agreed finance term, after which the asset or assets become yours at the end of the finance agreement. The funding is shown on your balance sheet.
A Finance Lease is a way of providing finance – effectively a leasing company (the lessor or owner) buys the asset for the user (usually called the hirer or lessee) and rents it to them for an agreed period.
A Finance Lease is suitable for businesses of all sizes and all types of assets and is on your balance sheet. At the end of the finance term, you can sell the asset on behalf of the funder where you retain most of the sale proceeds or you can keep the asset by paying a small nominal annual secondary rental.
Asset Refinance
You can also refinance existing assets such as unencumbered plant and machinery by way of sale and leaseback, sale and hire purchase back or a chattel mortgage where you can immediately free the capital tied up in your asset or assets. You get cash injected straight into your company’s reserves. Typical assets are hard assets with good residual values such as yellow plant, vehicles, plant and machinery, engineering equipment and vehicles amongst other things. There are a number of funders who specialise in refinance packages.
Operating Lease
An operating lease is a form of rental agreement through which you the customer can make use of an asset over a fixed period in return for regular rental instalments to the lessor (the finance company).
Contract Hire
Is a finance agreement whereby the customer hires a vehicle in return for regular monthly payments. This allows you the customer to hire a car or van for a set period and pre-determined mileage at fixed monthly rentals.
Chattel Mortgage
A Chattel Mortgage is a type of finance agreement that enables you to use assets such as machinery, marine vessels, or aircraft as security for a loan, once the loan has been repaid the mortgage is removed.
Soft Asset Finance
Soft asset finance is a flexible funding solution to access the equipment and software required for your business to function and grow. Soft assets can typically include IT hardware and software, security equipment and furniture and fittings – assets that are essential to the fabric of the business and key to its successful management and organisation.
Personal Contract Purchase
When you’re buying a car there are a couple of options to consider. A Personal Contract Purchase (PCH) allows you to drive a new car every few years with relatively low monthly payment and no worries about the car’s resale value. With a Personal Contract Purchase (PCP) you have the option of buying the car in the future. We’re here to guide you through the options, help source the right vehicle through our trusted network of UK dealers and negotiate a great deal on your behalf.
Supplier Finance
Supplier finance, also known as vendor finance, is a way for B2B suppliers to offer finance as an option to their customers through Horner Consultancy Ltd.
Our Vendor Finance Programme is designed to help both you and your customers by offering finance for your product at every point of sale.
We can quote your customers on the phone, take a face-to-face meeting with them, or use a white-labelled version of our online quoting platform.
By signing up, you will also get access to our full suite of marketing that is designed to your brand’s specifications.
What do you get with our vendor finance programme.
A bespoke landing page on our website that has a finance calculator that’s branded with your company logo. Customers will be able to get an indicative quote that gives them an idea of the monthly cost that they’d be looking at, depending on their deposit.
A bespoke landing page on our white-labelled quoting portal that allows your customers to get an instant quote.
If your business doesn’t have a marketing resource within your company, you will be able to work with our in-house marketing team.
If you manufacture or sell equipment that businesses use, it can be financed, almost all assets can be included, here is an example below.
Salary Sacrifice
A salary sacrifice car lease is an option for your employees to purchase new cars by ‘sacrificing’ a portion of their salary (before tax) in exchange for a non-cash benefit, such as a brand-new lease car.
The schemes are popular with both employees and employers due to the cost-saving benefits they can offer.
We have several niche funders that can assist with Project Finance up to a tenure of 10 years. Project Finance is a perfect funding vehicle for large scale renewable energy and oil and gas projects.
Project Finance is a funding source that takes in all elements of a specific project to provide a tailored funding solution. The project fundability is evaluated on serviceability of the debt.
We have partnered with several equity finance investors and also know numerous others. Where just equity finance is required, we can consider this for a range of projects. Equity can also be introduced alongside loan facilities to make a suitable structure for financing of a project.
We can also assist with Asset based lending (ABL) this enables larger businesses to raise higher levels of funding, ideal for Management Buy Outs (MBO) or Management Buy In’s (MBI) transactions and also for releasing additional working capital, for use in growth or turnaround profiles.
Clean Air Zones (CAZ’s) or Low Emission Zones are areas chosen and advised by the government of needing to improve the quality of the air within their boundaries.
Vehicles travelling in and out of these zones which are deemed to be polluting face charges, depending on the size of the vehicle.
The Clean Air Zone is a “class C” zone and will affect all buses, coaches, taxis, vans, and heavy goods vehicles that do not meet national Clean Air Zone emissions standards.
Buses, taxis, vans, and lorries that do not meet the required emissions standards will have to pay to drive in the zone. Charges will start in early 2023. Private cars will not be included in the scheme and will not be charged.
How to Apply
In the first instance, most councils are asking anyone who drives in clean air zones to check whether their vehicle will be charged in the zone using the Enter the vehicle registration (number plate) | Drive in a clean air zone | GOV.UK (drive-clean-air-zone.service.gov.uk) vehicle checker.
If the vehicle is subject to charges, those who drive regularly in the zone should check the terms of the financial scheme and obtain an eligibility letter from the relevant local authorities.
Once evidence of eligibility has been received, you can obtain a quote or start your application for grant-supported and interest-free financing.
At Anglo Scottish Asset Finance Ltd we have been working closely with Bath & North East Somerset Council, Bristol City Council, Newcastle City and Gateshead Council, and Sheffield City Council to assist businesses and individuals in applying for financial assistance, supplying new compliant vehicles, and finding the best finance option available.
How Can Anglo Scottish Help?
We’ve been working closely with several local councils with their introduction of the clean air zone, and so far, we’ve helped hundreds of businesses and individuals to switch to compliant vehicles. Once your eligibility has been approved, we can get to work.
Our Services
Anglo Scottish Asset Finance team are all experts in their respective fields, and it is their aim to make the process as easy as possible for you.
Contact the team on.
Email: caz@angloscottishfinance.co.uk
Telephone: 0191 410 4776
Cash Flow finance suits lots of businesses looking for more than just an overdraft including all types of organisations such as manufacturers, wholesalers, transport firms, employment agencies and business services providers.
There are two types of Cash Flow Finance: -
Invoice Factoring
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
Benefits: -
Invoice Discounting
With Invoice Discounting you retain control of your sales ledger and credit control.
Benefits: -
Trade Finance
Trade finance can provide upfront funding against confirmed orders, open up letters of credit facilities on your behalf, and provide direct supplier payments or even a cash advance.
Suitable for businesses who have confirmed purchase orders/supply contracts from reliable sources. You can secure stocks, but you have limited working capital to fund the purchase.
Unsecured Loans
These loans tend to be a higher risk for lenders, with credit history and financial history documents being the only assurances available to them, without any physical collateral.
Unsecured loans can vary in size and repayment terms but usually range from anywhere from £10k to £2m over 12 months to 5 years.
However, because it is an unsecured loan, it’s likely that you will have to offer a personal guarantee.
Unsecured loans are great for businesses that don’t have any assets to put down as security, have assets with little value, or simply don’t want to.
This means that if you take out an unsecured loan and can’t make repayments, you won’t have to give up your home or other assets.
Personal Loans
We are able to provide personal loans up to a maximum advance of £35,000 over a 7-year period.
Commercial Loans
When it comes to commercial funding, a commercial loan is usually the simplest solution for companies. It works like most loans with a company making regular repayments of an agreed amount for a specified period of time. Interest rates and additional fees will also be agreed on.
Unsecured Commercial loans are generally more expensive.
Ideal for used companies which don’t have assets to use as security.
One downside to commercial loans is that they are largely unregulated, meaning it’s important for companies to do market research due to less protection compared to consumer loans.
Some of the benefits of using an unsecured commercial loan are:
An unsecured loan is used to raise cash for a wide number of purposes mainly to support a business’s growth plans, for working capital or expansion.
Secured Loans
Usually cheaper as the lender is taking a lower risk, and they use company assets as security.
A business might need cash for a project, an acquisition or just additional cashflow through a difficult period. By utilising assets that have equity in them, either inside or outside of the business, you can release monies to be used in the business and repaid either out of cashflow, sale of the asset, or refinance of it.
This is more often premium priced because of the risk attached, but it tends to be on a ‘pay for what you use’ basis. Interest can be serviced or rolled up depending on the security and circumstances giving maximum flexibility. The main points to consider for a loan like this are:
We can help with property finance for:
Our experience in this area can ensure that you get the most appropriate funding package for your business requirements, and we can provide advice on elements such as tax efficiencies throughout the process.
Commercial property investment – funding options for investors or owner-occupiers looking to get finance for offices, industrial premises, retail outlets, warehousing or to increase their property portfolios.
Property development and refurbishments – finance products for improvements to offices or other commercial properties.
Pubs, bars, clubs, hotels, and licensed trade – funding options for a variety of purposes including initial purchase, refinance, and development/refurbishment.
Health care facilities – finance solutions for health care property purchase, refinance, and development with dedicated focus for properties such as nursing homes, disabled care homes, residential care homes and special needs facilities.
Schools, educational institutions, and nurseries – finance for purchase, refinance and development of private schools, academies, and day nurseries.
Professional service practices – property funding options for doctors, dentists, vets, and medical therapy practices, designed to cover purchase, refinance and refurbishments.
All specifications of the property market are covered including commercial owner/occupier and investment property. We offer re-mortgage and second charge loans against both commercial and residential property where a cash injection is required.
When a business either relocates or upgrades its premises there are often a number of other associated costs which can cause a temporary blip in cash flow. We can help iron out these blips by offering secondary funding towards the costs of refurbishment, cabling, fixtures and fittings, office refits including IT, telecoms, and furniture
Finance Solutions
Research and Development (R&D) tax credits are tax reliefs which can be granted to businesses to support their work in innovative projects in science and technology. It can be claimed by a range of businesses that seek to research or develop an advance in their field.
The process of claiming R&D tax credits is not always clear-cut, and it is important to have a complete understanding of HMRC’s legislation before starting the process, which is where we come in.
Working with experts, we will assess your company’s activities and costs, to see which ones qualify as ‘R&D’ under HMRC’s research and development scheme and help identify if your business is missing out on any potential tax credits.
Any kind of innovation may constitute qualifying activities. If the answer to any of the following questions is yes, then a claim may be possible:
FX or foreign exchange (Forex) is the process of exchanging one currency for another.
For example, swapping the U.S. dollar for the Euro, or Euro to GBP. If you want to exchange Euro for US Dollars, this would be referred to as a currency pair. As Euro is the currency you are exchanging, it is called the base currency. The US Dollar is the currency you are exchanging for and is known as the quote currency.
Businesses who either import or export goods and services around the world will need FX transaction services. Businesses may need to exchange money in order to pay international suppliers. Or they need to convert the money they received from a foreign buyer into their native currency.
If businesses are regularly exchanging currency for this reason, they may choose to make use of Forex futures contracts.
Forex futures are exchange-traded currency derivative contracts obligating the buyer and seller to transact at a set price and predetermined time. This can reduce exposure to the risk created by currency fluctuations, and speculation.
Pension - led business funding is a sophisticated form of commercial finance which offers an alternative to traditional business funding, such as bank loans or overdrafts. It involves using business owners’ accrued pension funds to invest in their own companies.
Business Credit Card
The business credit card with Capital on Tap that helps manage your business spending while earning rewards on everyday business expenses.
Benefits
We have partnered with several organisations that can provide specific grants in the Renewable Energy and Technology Sectors.
