Funding Made Simple

Asset Finance is the means by which Armada Finance provides Equipment Leasing to businesses throughout the UK. We specialise in Equipment Finance for most assets that are required by new starts and established businesses in all sectors.

With very few Asset Finance companies funding assets and very few banks offering Equipment Finance for small to medium size businesses, there is a real need for the Asset Finance that Armada Finance provides.

As specialist Equipment Leasing funders, we are good at looking at clients seeking Equipment Finance which fall outside of other lenders asset leasing criteria. 

News

Would the UK's economic position improve if the media publish more positive news rather than feeling it's their duty to report constant negativity?

Business Owners Brokers Introducers Managers
Kirk Smith - Managing Director

Funding for people, by people

Since I established Armada Asset Finance in 1974, I have believed in supporting established and start-up businesses in all sectors. Although in 1974, we were regionally based, we are now supporting commerce throughout the UK with equipment leasing, funding all types of equipment in all types of businesses. Armada is perceived as being unique in taking the time to understand our prospective clients and the support they need to succeed.

Armada specialises in making Asset Finance SIMPLE. Leasing assets protects clients' cash flow and frees up cash for use as working capital.

Armada has always built relationships with its clients and introducers - having people that care making the equipment leasing decisions, not computers.

Each asset finance case is treated individually and looked at on its own merits, making cost relate to the strength of the client and the circumstances of the equipment finance transaction (i.e. well established businesses and excellent credit records should expect to be treated accordingly.)


The Benefits

  • Contracts from £2000 - £250,000
  • Fast, personal service
  • Uncomplicated process
  • All equipment considered
  • Each case is treated individually
  • Start-ups considered
  • Decisions made by PEOPLE
  • No admin charges
  • Exclusively business funding
  • Dealing with principled, caring people

FUNDING YOUR FUTURE

The biggest problem businesses face today is cash flow. Finding the funds for all the needs of the business, whether for stock, wages or debtors can often be the hardest part of running a business. It is vital that assets are not paid for out of cash flow so cash is retained for those important day-to-day needs - PROTECT YOUR CASH, FUND PURCHASES THROUGH ARMADA. 

Armada provides asset finance through Finance Lease agreements, over terms as short as 6 months up to 3 years. With a Leasing Agreement, you select the equipment you want from the suppliers of your choice, Armada will then purchase it on your behalf and you then lease it for the agreed term, treating the goods as your own throughout.

THE BENEFITS OF FINANCE LEASE

  • No up-front costs and fixed monthly payments
  • Protects cash flow
  • Significant tax advantages
  • No secondary rentals
  • SIMPLE transfer at the end

Whether you are a client or an introducer, there will be a member of the Armada asset finance team dedicated to helping you with your equipment leasing needs. Depending on your location, you will either have an area manager who will come and visit you or a Head Office contact who is always at hand to help.

Business Owners

We have supported new starts and established businesses for nearly 40 years with asset finance.

Protecting your cash flow

By leasing your plant, equipment and vehicle requirements you are retaining your cash for development, stock and debtors.

When you have the need to purchase manufacturing plant, IT equipment or other assets for your business, the acquisition can be funded over terms as short as 6 months or up to 3 years, without any hidden costs or ongoing annual rentals using equipment leasing.

The tax benefits of asset finance can be off-set against the finance cost in most cases.

SIMPLE ASSET FINANCE - HOW DOES IT WORK?

  1. Decide what equipment you want – selecting from as many suppliers as you wish
  2. Contact Armada to be put in touch with your personal contact
  3. A decision will be made within 1-3 days depending on the complexity of your case
  4. In most cases equipment finance is available within days. We will pay your suppliers invoices
  5. Enjoy the positive attitude, friendliness, support and service which is standard at Armada

FUNDING MADE SIMPLE

  • Plant and Machinery
  • Catering Equipment
  • Vehicles
  • Medical Equipment
  • Amusement and Vending Machines
  • IT Equipment and Epos
  • Furniture
  • Audio Visual Equipment
  • Office Equipment
  • Scaffolding and Building Equipment 
  • AND MUCH MORE


Armada is particularly good at looking at specialist equipment that other asset finance lenders find
difficult to fund.

Asset finance proposals from every business sector are welcomed, look at the images below to see the huge variety of equipment and sectors funded by Armada through equipment leasing. 

ARMADA IS VERY SUPPORTIVE OF THE HOSPITALITY AND LEISURE INDUSTRIES.

Brokers

As an independent asset finance lender, we are actively working with brokers from all over the UK. We accept proposals for all removable equipment from £2,000 - £250,000 over terms up to 3 years on finance leases.

We are particularly good at looking at those cases which fall outside of other lenders criteria - whether it is due to the business sector such as the leisure industry, nature of the equipment, location or because it's a start-up. We are frequently asked to fund unusual and specialist assets for all types of businesses and are happy to consider equipment leasing for clients in Scotland and Northern Ireland.

Armada are not 'auto accept or auto decline' asset finance lenders - having experienced underwriters making the decisions, not computers. We treat each proposal individually, looking at the complete picture of the PEOPLE, the BUSINESS and the ASSETS to find a way to support. If a proposal lacks strength, we will look at every possible option and are often still able to help. We will always attempt to lend and make an equipment leasing deal happen where we cans sufficiently secure ourselves.

We have a dedicated broker team at Head Office in Exeter, offering a uniquely personal approach to asset finance underwriting. The team will be delighted to talk through any equipment leasing proposals and possible solutions.

How it works

  1. Make contact with Nigel Back to set up as broker introducer on 01392 879599 or nigelback@armadafinance.com
  2. Email any proposals to our dedicated team proposals@armadafinance.com
  3. An underwriting decision will be made within 48 hours where full information is provided and depending on the complexity of the case
  4. Our email acceptances clearly list all sanction terms
  5. We provide all documentation needed to complete the asset finance transaction
  6. Payment to the suppliers will be released immediately once we are in receipt of satisfactorily completed paperwork, deposit payment and original suppliers invoice
  7. Your commission will be paid immediately and there will be NO CLAW-BACKS

What we need

Please provide the following in a packaged proposal:

  • Completed asset finance proposal form – either yours or download our proposal form
  • Permission to conduct our own credit searches
  • The last 3 months Bank Statements
  • The latest Full Accounts
  • Up-to-date Management Accounting Information, if appropriate
  • Asset and Liability Statements for the Directors / Partners
  • Copy ID – passport or driving license

With a New Business / Start-up request:

  • Business Plan
  • 3 months Personal Bank Statements for all parties

Asset and Liability Statements for the Directors / Partners

Introducers

Armada has always focused on developing relationships with introducers working in a variety of fields who want to put us in touch with their clients to help with any asset finance and equipment leasing requirements.

HELP YOUR CLIENTS GROW

One of the professions we work constantly with is Accountants, in particular, those pro-active, modern practices which strive to offer extra support and advice to their clients.

Wall’s Truck Services, a prospering vehicle recovery business needed to grow and asset acquisition is naturally a vital part of their development. Seeking advice from their Accountant, David Challenger of Watts Gregory LLP, he put them straight in touch with Armada and asset finance was arranged for various equipment. Wall’s Truck Services is now moving their business forward at the speed they want.

“After learning how Armada work and the wide range of assets they fund, I knew how important Armada would be to a business like Wall’s Truck Services. I explained this to the Directors along with the significant benefits. I am delighted with the outcome – Armada has taken the stress out of funding assets for this progressive business.”
David Challenger, Watts Gregory LLP

 

      Accountants

      At a time when all the governmental and media chat is about the lack of support for SMEs YOU can make a difference to the economy and the wellbeing of your clients and SMEs in your region. Armada have been offering asset finance to start-ups and SMEs for nearly 40 years. With our vast experience, flexible competitive rates and nationwide coverage, who better to move the economy forward.

      YOUR input in understanding your clients' problems with funding and making the introduction will make all the difference. Why allow your clients to continue to struggle with their relationship with the bank who don't want to or can't assist when you are looking at the answer now?

      SIMPLE ASSET FINANCE FOR YOUR CLIENTS - HOW IT WORKS

      1. Make contact with the Armada team to discuss your clients needs: louiseclark@armadafinance.com; 01392 879599
      2. We will need you to provide us with your clients basic details so we can make contact
      3. All relevant searches will be completed and we will ask them to provide any additional information required to make a decision
      4. A finance lease agreement will be arranged, which is flexible to suit your client 
      5. In most cases asset finance is available within days. We will pay their suppliers invoices

      Bankers

      Feel good about helping your customers when your bank is unable to support them by offering an alternative solution - put them in touch with their local Armada Asset Finance manager when you have to say no.

      Armada's Asset Finance is a one product solution, protecting your customer's cash flow so they are therefore more likely to stay within their banking facilities. Your customer will also have an improved loan to value ratio when asking for a mortgage if they haven't used their own funds for assets ― these are just a few of the advantages. 

      Armada asset finance managers enjoy building relationships with bankers in their local area. You will see benefit in their personal approach, enthusiasm and 'can-do' mentality. We hope to impress you with our competitive rates, quick decisions and quality of service.
       

      SIMPLE ASSET FUNDING FOR YOUR CUSTOMERS - HOW IT WORKS 

      1. Make contact with the Armada Asset Finance team to discuss your customers needs: louiseclark@armadafinance.com; 01392 879599
      2. We will need you to provide us with your customers basic details so we can make contact
      3. All relevant searches will be completed and your customer will be asked to provide any additional information, such as financials which are required to make a funding decision.
      4. If accepted, a finance lease agreement will be arranged, which is flexible to suit your customer.
      5. In most cases, asset finance can be available within days. 

      IFAs

      As an asset finance funder, we are actively working with IFAs from all over the UK and welcome new contacts. We accept equipment leasing proposals for all removable assets from £2,000-£250,000 over terms up to 3 years on finance leases.

      We are particularly good at looking at those cases which fall outside of other asset finance lenders criteria – whether it is due to the business sector such as the leisure industry, nature of the equipment or because it’s a start-up. We are frequently asked to fund unusual and specialist assets and are happy to consider clients in Scotland and Northern Ireland.

      Armada are not ‘auto accept or auto decline’ lenders – having people making the asset finance decisions, not computers. We treat each proposal individually, looking at the complete picture of the PEOPLE, the BUSINESS and the ASSETS to find a way to support. If a proposal lacks strength, we will look at every possible option and are still often able to help. We positively look to help you assist your clients.

      We have a dedicated team at Head Office in Exeter, offering a uniquely personal approach to underwriting. The team will be delighted to talk through any proposals and possible solutions.

      SIMPLE ASSET FINANCE FOR YOUR CLIENTS - HOW IT WORKS

      1. Make contact with Nigel Back to get set up as an introducer on 01392 879599 or nigelback@armadafinance.com
      2. An underwriting decision will be made within 48 hours where full information is provided and depending on the complexity of the case
      3. Our email acceptances clearly list all sanction terms
      4. We provide all documentation needed to complete the transaction
      5. Payment to the suppliers will be released once we are in receipt of satisfactorily completed paperwork, deposit payment and original suppliers invoice
      6. Your commission will be paid immediately and there will be NO CLAW-BACKS

      We are also able to deal with the client direct to get all the information we require if you prefer just to give us the asset finance lead.

      High Quality Solutions

      Cardiff based printers, HartleyWilprint specialise in prestigious printing and engraving for high-quality customers including The Royal Mint and Universities. The Hartley brothers understand the need to acquire top quality printing machines and IT equipment to satisfy the exacting standards of their clients.

      “Our Accountant suggested we speak to Armada Asset Finance Manager, Richard Gelsomini. We were so impressed by the speed and simplicity that we now don’t buy anything without speaking to Richard first. I would urge any business owner to talk to Armada.”

      Dominic Hartley

      www.hartleywilprint.co.uk


      High Performance Solution

      Davron are a team of highly experienced, technical engineers who restore and maintain Aston Martins in their factory in Salisbury. When they needed to acquire a high precision machine for engine restoration they turned to their local banker for the support they needed.

      Although the bank wanted to support Davron, none of their facilities were appropriate. The banker, who had worked with local Armada Asset Finance Manager, Olly Nash, for years, introduced him to Davron who Olly went to visit and the equipment leasing facility was put in place in days. 

      “I approached my Bank Manager who although wasn't able to assist directly, was still a great help as he advised that the quickest and most efficient solution for us would be to work with Armada. Olly came out to see us and was brilliant from start to finish, with the level of service he provided. It's important to us to work with people we can build a rapport with.” 

      Nigel Barker, Davron Aston Martin Specialists, Salisbury

      www.davron.free-online.co.uk

      Scrumptious

      Gwynt Y Ddraig cider company, started in 2001 by Bill George and Andrew Gronow needed a specialist microfiltration system for their production line – why wouldn’t they come to Devon, the home of cider, to fund the assets to speed up their 8 bottled and 9 draught ciders. 

      Richard Gelsomini, Armada’s man in Wales made immediate contact and visited the brewery to gain an understanding of the people and their business. Within days an offer for asset finance was made – the contract was signed 24 hours later  and the suppliers paid the next day. 

      As Bill George said: “The whole experience has been superb. We are over the moon to have the equipment so much quicker than expected. I was surprised at how simple the process of getting equipment finance from Armada is and Richard is a pleasure to deal with.” 

      “Iechyd Da” 

      www.gwyntcider.com

      Today's Special: Fish & Chip Shops

      Chippy's are still flavour of the month! In spite of the larger range of choices in take-out food, the British Potato council says 73% of Britons see fish & chips as their favoured take-away.

      Thank goodness that Armada still loves supporting your local chippy with asset finance and equipment leasing and has done for nearly 40 years. Our support for the industry cannot be battered.

      Alternative Finance for Start-ups

      Armada Finance, an independent asset finance company, based in Exeter and established for nearly 40 years, appears to be one of the only lenders in the market still actively supporting start-up SMEs and franchises, regardless of the sector they are in and the equipment they require. In fact, staff are reporting a significant rise in enquiries through the Armada Asset Finance website and from brokers, for new start businesses. Armada offer an alternative option to bank loans and overdrafts with equipment leasing that entrepreneurs need to be aware of. The product is simply a finance lease agreement for equipment from £1000 up to £250k on terms up to 3 years. Armada pays the supplier invoices and the borrower pays a fixed monthly rental for the agreed term.

      Asset Finance is particularly important for start-ups as finances are usually stretched. It’s a helpful and popular option simply because the money to pay for the equipment doesn’t have to be found upfront, thereby protecting cash flow. There are also significant tax benefits in many cases. Because Armada looks at each case individually, carefully assessing every situation there is no restrictive cap limit on the amount they are willing to lend just because it’s a start-up, unlike most other lenders.

      Founder and Managing Director Kirk Smith said: “When starting Armada all those years ago in the South West of England I concentrated on supporting the tourism and hospitality industry, which received little to no support from the government of the day or the banking sector. My relationships with entrepreneurs in this vital area of employment and wealth creation for the region stood me in good stead. Supporting people through a relationship and an understanding of them and their business enabled Armada to grow to the point where we now support all industry and commerce throughout the UK.

      In many sectors of business the banks still do not have an appetite to support, however with our ethos of putting people before numbers or tick boxes our niche position is enabling significant numbers of people, who have ideas and energy to start businesses and offer employment to workers who have come from the public sector and larger employers who are downsizing. The UK has always needed the entrepreneur. Where would we be if there had never been support for Richard Branson, Alan Sugar or James Dyson? ”

      Recently, Armada has supported a number of new start restaurants and hotels all over the UK who have struggled to get finance elsewhere simply because of their sector. All the catering and kitchen equipment required for the opening of the first UK branch of a US fresh American dining franchise in Cardiff was funded using asset finance last summer totalling £175k and a Japanese restaurant and bar opened in Liverpool where Armada funded the complete fit-out. Armada have also financed new play centres, gyms, healthcare businesses and food manufacturers - a supplier to the Jamie Oliver Group, based in Cardiff is a recent client. Armada also frequently is asked to fund more unusual or specialist equipment that mainstream asset finance funders tend to shy away from – £50k of laser technology for a new Laser Clinic in London is a perfect example. “We are delighted to contribute to the success of every new venture we support and it’s exciting to see entrepreneurs visions become reality and watch a business develop. Everyday, businesses are able to open their doors due to our support”.

      The process for providing equipment leasing to a start-up at Armada is just as fast and simple as it is for an established business. Entrepreneurs have so much to think about when setting up a business, taking the stress out of finance and making it simple is of great value. Obviously there are no trading history financials to assess, so instead Armada takes a view by looking at business plans, projections and personal bank statements. It’s also very helpful to know the background of the people involved so a complete picture can be built. Generally, prospective clients need to be homeowners, but if their proposition is strong, non homeowners can still get asset finance if a relative or friend will act as guarantor.

      Britain needs to step-up its love and support of our new and established small, local independent businesses to help them prosper. It is the multitude of small independents that, given the support, can create significant employment and be the engine to drive the economy forward.

      Backing British Retail

      Although Armada supports businesses of all types, one of the key sectors we work with is Retail. We anticipate our asset finance investment in to the sector to exceed £2m by the end of this financial year. From local convenience stores, pharmacies and franchise food outlets, to boutique London clothes stores and garden nurseries, Armada has funded equipment for them all. Retail businesses by their nature need to invest in a significant amount of assets, whether they are just about to open or if they are replacing aging equipment – Epos, refrigeration, shelving, coffee machines and lifting equipment are just a few examples of what can be leased.

      Armada has worked with a Quiksilver franchise client based in South Wales since 2008. We funded the entire fit-out of their first store which soon became a storming success and led to the opening of 3 further stores in Wales and Bristol for which we helped by funding purchases such as Epos systems and air conditioning units. Our client has now become Quiksilver’s largest franchise partner in the UK.

      As the sector faces constant new challenges such as the VAT increase, and online competition, it is of even greater importance for business owners not to pay for equipment out of cash flow and instead protect it by funding any capital purchases using asset finance. Britain needs to step-up its love and support of our small, local independent businesses to help them prosper. It is the multitude of small independents that, given the support, can create significant employment and be the engine to drive the economy forward.

      Still Supporting the Catering Industry

      When Kirk Smith was establishing Armada in Exeter in the seventies, his focus was mainly on asset finance for catering equipment for the hospitality and leisure industries, whether it be an oven for a hotel restaurant or a coffee machine for a local café. Over time the business grew and evolved; equipment leasing facilities offered got larger, the variety of equipment Armada would fund increased and referrals started coming in for different types of businesses.

      Although the Armada team today are experts in providing asset finance for the full range of equipment required by businesses in all sectors, the leasing of catering equipment is still core to the business, with Armada having a wealth of experience specialising in this area and long established, trusted relationships with equipment suppliers. Armada asset finance professionals have a unique understanding of the needs of the service industry. We know that a quick response is needed for an urgent replacement of essential equipment such as an oven or freezer, which if broken could be a disaster for a business and that ‘cash is king’ to any entrepreneur.

      The hospitality sector covers a huge range of businesses, from hotels, restaurants, takeaways and cafes to pubs, wine bars and night clubs - Armada has funded equipment for them all. Recent equipment finance support has included the complete fit-out of the kitchen for a new restaurant in Leeds, a range for a fish & chip shop in South Wales and carvery units for a pub on the Isle of Wight. However, catering equipment is also required for businesses in all sorts of other sectors. Armada has funded mixing equipment for a food manufacturer in Preston, kitchen equipment for play centres and coffee machines in convenience stores and offices through asset finance.

      With the service industry soon to benefit from the influx of visitors to the UK for the 2012 Olympics, Armada looks forward to helping businesses get ready to make the most of it with our flexible asset finance solutions.

      Leisure Equipment Finance

      Armada has funded nearly £1m of equipment for the Amusement and Leisure Park sectors so far this financial year. A high level of asset finance support to these types of businesses has been consistent throughout Armada’s history with leisure equipment leasing being seen as one of our main niches and a core part of our business. Armada’s loyalty and love of working with businesses in the sector has remained constant, despite the withdrawal of support from many asset finance lenders.

      Companies in the amusement and leisure industry are perfectly suited to the equipment leasing service Armada provides as they naturally need to invest in large quantities of capital equipment. Our extensive experience of working with leisure businesses over nearly 40 years, means we have a unique understanding of their requirements and their need to regularly update stock to the latest machines.

      For example, Armada has worked with a Leisure Services company based in Dorset since they started out in 2005. The company rents, sells and services entertainment machines to licensed premises throughout the South of England. They pride themselves in offering a comprehensive range of the newest coin operated machines. The partnership with Armada works perfectly as the client regularly uses Armada’s shorter term asset finance options to enable them to acquire the very latest machines and avoid pressure on cash-flow.

      Armada looks forward to continuing its support of the amusement and leisure sectors in 2012 and beyond.

      Building our Economy

      A vibrant construction industry is vital to the overall UK economy. Despite this, good businesses that are keen to grow are still struggling to obtain the asset finance and cash flow support needed to support this growth, simply because their sector is deemed problematic.

      Armada recently helped a successful scaffolding company who were offered several prestigious contracts including work on national historic monuments and the Olympic Village build, but they didn’t have sufficient equipment to fulfil the contracts. Investment in assets was needed as a matter of urgency to ensure they didn’t lose these valuable contracts. Armada were able to react fast, funding over £150k of building equipment within days through asset finance. Several months down the line they wanted to take on more new business and Armada was able to offer further equipment leasing support as a relationship was already in place.

      We look forward to aiding the construction industry very positively in 2012.

      Funding For People, By People

      Armada Finance
      Armada House
      Odhams Wharf
      Topsham
      Devon
      EX3 0PB
      tel: 01392 879599
      fax: 01392 876149
      email: louiseclark@armadafinance.com

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      For all other UK enquiries please call the team on 01392 879599
      For all other UK enquiries please call the team on 01392 879599