Leasing is a smart method of finance that allows you to ‘rent’ your project 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.

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. Please note that non-limited businesses would need to finance a project over £25,000 + VAT.

Typically we can arrange finance for everything within a CAT A and CAT B fitout, including  partitioning, cabling, flooring, air conditioning systems, ceilings, lighting, kitchens and toilets. Our lease packages can also encompass other aspects including computer hardware and software, telecoms, audio visual equipment, security systems and photocopiers.

This list is not exhaustive so if you’re unsure whether we can arrange finance for a particular project, send us an enquiry and we'll be happy to advise.

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

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.

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

The essence of a lease rental agreement is that you don’t own the assets so consequently the rentals are 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.

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 – currently fully expensing (see below)
• At the end of the period, the assets automatically become your property
• Payments are NOT 100% ALLOWABLE

Currently if you use cash or LP to buy an asset you can offset 100% of the spend in year 1.  However, this is only available for qualifying assets ie things that can be removed and reused. As a large proportion of a fitout project DOES NOT qualify then a lease rental that is 100% allowable is the prudent choice. We will work you to utilise the correct form of funding for all or part of your project.

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.

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 often cover these costs as well.

Please contact us for a quote for your specific project. We can provide this within 30 minutes.