Leasing for my Business

 

You don’t have to use cash or bank loans to fund your office furniture or fitout project! Instead of tying up large amounts of capital in a depreciating asset, a smarter alternative for more financial flexibility is to use a lease facility and keep your cash available for higher returns elsewhere.

Leasing is a tax efficient and cost effective method of achieving your ideal workspace whilst retaining cash in your business. It’s a very established form of finance for other business assets – eg company vehicles – but the benefits apply equally to commercial interior projects such as office fitouts and refurbishments.

An introduction to leasing for your business

The benefits of leasing to your business

  • Maximise cash flow Leasing means no large up-front payment so you retain cash in your business, freeing up valuable working capital
  • Invest cash in something that will show a return rather than an office fitout or refurbishment
  • Fixed payments for accurate budgeting and effective forecasting payments are fixed for the duration of the lease period making budgeting simpler and eliminating unexpected variations such as increases in interest rate.
  • Spread the cost with monthly payments and pay for the asset as you use it
  • Get the best solution now spreading the cost allows you to achieve the project specification of your choice, not make short term compromises based on budget. Since payments are an operational expense, your capital expenditure (CAPEX) is unaffected.
  • Tax advantages lease rental payments are 100% allowable against taxable profit. As the only method of finance offering these tax savings, leasing is the most tax efficient method of financing a fitout. In some cases it can even work out cheaper than paying cash!
  • Quick Leasing is quick to arrange which means you can move ahead with projects straight away without having to wait for capital to become available or the bank to make a decision.
  • Existing bank credit lines unaffected Leasing leaves your bank credit lines intact and free for other business development or investment purposes.
  • Match the lease of the fitout to the lease on your building spread the cost of fitting out your work space over the same period as your building lease or up to the break in the lease.
  • Flexible Your package can encompass other office equipment such as computer hardware and software, telecoms, security systems, audio visual equipment and photocopiers.
  • All-in-one finance solution Our finance packages can include all aspects of a fitout e.g. service, installation, warranty and even dilapidation costs. Talk to us if you have specific requirements.

For further information please download our free factsheet here or call us on 01494 783 773

Plus Finance Fact Sheet

​Why choose Plus Finance?

  • Specialist in offering finance solutions for office furniture and fitout projects; we understand the complexities and details of the project and what’s required to secure the finance
  • Strong funding support with links to a wide range of specialist funding partners and own book facility, so you can be confident of receiving a tailored solution at the most competitive rate
  • Established and experienced; we’ve been helping businesses fund commercial assets for 15 years, from start-ups and small SME’s to limited companies, Partnerships and PLC’s and across all commercial sectors
  • Expertise and knowledge to help you choose most tax efficient way to finance your new workplace environment
  • Professional and ethical we deliver value, service and quality to our customers. We won’t hassle or bombard you with calls and emails, and we’ll provide realistic quotations from the start

For further information please download our free factsheet here or call us on 01494 783 773

Plus Finance Fact Sheet

FAQ's

What is leasing? +

Leasing is a smart method of finance that allows you to ‘rent’ your project over 3-5 years and offset the payments against taxable profit. You can pay over 2, 3, 4 or 5 years to suit your budget and the lease on your building. A lease agreement is a contact between you and the finance company: they pay the supplier’s invoice and you make regular payments to them until the end of the lease period.

Can my business lease? +

Any company with a registered UK office can lease, from start-ups or small SME’s to Limited Liability Partnerships (LLP’s), limited companies, PLC’s and not-for-profit organisations. Leasing is a very popular method of financing business equipment. It is estimated that 98 of the UK’s top 100 companies lease capital goods, typically vehicles, IT or telecoms equipment.

What can I lease? +

Typically we arrange finance for everything office related including desking, seating and storage, partitioning, cabling, flooring, air conditioning systems, ceilings, lighting, and even (staff-room) kitchens. Our lease packages can also encompass other aspects of the office environment including computer hardware and software, telecoms, audio visual equipment, security systems and photocopiers plus we can arrange lease finance across a wide range of outlets such as bars, cafés and restaurants, as well as hotel or leisure industry refits.

This list is not exhaustive so if you’re unsure whether we can arrange finance for a particular project, just call us on 01494 783773, or drop us an email sales@plusfinance.co.uk and we’ll be happy to advise.

How much can I lease? +

The minimum lease value is £1,000 (ex. VAT), there is no maximum amount.

Are your rates competitive? +

Absolutely! As specialists in fitout and furniture we partner with funders for these particular projects and as such are confident that our rates are some of the most competitive in the market for this type of project.

How long does the process take? +

Once we are in receipt of all the necessary information, finance can be approved in as little as 24 - 48 hours.

What happens at the end of the lease? +

The essence of a lease rental agreement is that you don’t own the assets so consequently the rentals become 100% tax deductible. At the end of the term, you can choose to retain use of the assets for an indefinite period via a one off small “lifetime” rental. Please contact us for full terms and conditions.

What is the difference between lease rental and lease purchase? +

Lease Rental

  • Payments are 100% tax deductible
  • Lessor claims the capital allowances, not you
  • VAT is payable on each rental and reclaimed in the usual way

Lease Purchase

  • All VAT is paid in advance
  • You claim capital allowances as per cash purchase
  • At the end of the period, the assets automatically become your property
  • Payments are NOT 100% ALLOWABLE

What happens if I don’t keep up the payments? +

As in any contract, your assets are at risk if you don’t keep up the payments. If you fail to pay the finance company as agreed, then steps will be taken to remove the leased goods.

Can you finance dilapidation costs in my current building? +

Sometimes it’s the additional costs that cause more finance headaches during an office fitout than the actual fitout itself!

Dilapidation costs for the premises you are leaving can be considerable and they are often overlooked when budgets are initially being set. Plus Finance has many years’ experience within the furniture and fitout industry, and we can arrange a commercial loan for these costs to protect your cash flow.

Other Sectors

Catering & Hospitality +

Running a successful business in the hospitality trade is challenging enough, especially when you’re constantly under pressure to deliver amazing results on limited budgets. That’s why it’s worth considering lease finance as an alternative to paying upfront for new equipment you need. Not only could it help your cash flow by avoiding tying up large amounts of capital, but it’s also a very tax efficient way of funding change within your business.

We can arrange lease finance across a wide range of catering and hospitality outlets such as

  • Bars
  • Cafés
  • Hotels
  • Restaurants
  • Fast food outlets

From pizza ovens and freezers to coffee machines and bar furniture, we can arrange finance for a wide variety of catering and hospitality equipment. Types of items we can finance include:-

  • Catering equipment eg ovens and grills
  • Kitchen workstations
  • Hotel, restaurant and bar furniture
  • Hotel, restaurant and bar refurbishments
  • Air conditioning systems
  • Security and IT systems
  • Audio Visual systems
  • And many more, please contact us for further details

Contact us to find out how we can arrange finance for your project.

For further information please download our free factsheet here or call us on 01494 783 773

Fact Sheet: Customer benefits of leasing a Hospitality, Leisure or Retail Fitout Project

Retail, Sport & Leisure +

If you are thinking of investing in your retail, sport or leisure business, you’ll know only too well the costs can often be prohibitive. That’s why it’s worth considering lease finance as an alternative to paying upfront for new equipment you need. Not only could it help your cash flow by avoiding tying up large amounts of capital, but it’s also a very tax efficient way of funding change within your business.

We can arrange lease finance across a wide range of retail and leisure outlets such as

  • Gyms
  • Hair & Beauty salons
  • Golf Club
  • Opticians
  • Estate Agents
  • Retail

From shop counters and display units to golf buggies and running machines, we can arrange finance for a wide variety of retail, sport and leisure equipment. Types of items we can finance include:-

  • Shop-fitting
  • EPOS and cash registers
  • Locker rooms
  • Gym equipment
  • Security and IT systems
  • Air conditioning systems
  • Audio Visual systems
  • Lighting systems
  • And many more, please contact us for further details

For further information please download our free factsheet here or call us on 01494 783 773

Fact Sheet: Customer benefits of leasing a Hospitality, Leisure or Retail Fitout Project

Care & Nursing homes +

If you are planning to refurbish an existing care home, buy a new unit for development or extend one of your existing care homes, you’ll know only too well that the costs can quickly escalate. In addition, greater regulation means that care and nursing homes are under constant pressure to ensure their facilities meet and exceed customer and regulatory scrutiny.

That’s why it’s worth considering lease finance as an alternative to paying upfront for new equipment you need. Not only could it help your cash flow by avoiding tying up large amounts of capital, but it’s also a very tax efficient way of funding change within your business.

We can arrange lease finance across a wide range of care and nursing home equipment such as

  • Bedroom and dining room furniture
  • Hoists and patient handling equipment
  • Mobility equipment

From specialist beds to chairs and seating, we can arrange finance for a wide variety of care and nursing home equipment. Types of items we can finance include:-

  • Care home chairs
  • Lifting hoists
  • Security and IT systems
  • Lighting systems
  • And many more, please contact us for further details

For further information please download our free factsheet here or call us on 01494 783 773

Fact Sheet: Customer benefits of leasing a Care or Nursing Home Fitout Project