Archives Month: February 2013
NEW businesses, new investment, new employment and new ideas are a lifeblood of a country and its economy and MUST be encouraged and supported. Virgin and Dyson were once newco’s.
For nearly 40 years Armada has CONSISTENTLY assisted start-up businesses wth asset finance. As the foremost supporter of new starts in the UK we and our experience are here to help ALL industries and finance all types of plant and equipment.
Our extensive website is invaluable to new entrepreneurs, brokers and advisers.
In an article in the March edition of Leasing Life, Patrick Beselaere, head of leasing at ING Bank, explains the reasoning behind the ING closure of its leasing operation in the UK and other European markets.
Put into a nut shell Mr Beselaere refers to the lack of capital in the banking sector causing ING and other banks to revert their concentration to core banking. He believes that bank owned lessors will be less dominant in the future.
A significant effect of the miss-management of banking policy worldwide has been the drying up of support and capital for SME markets. As the effect of banking withdrawal has affected jobs, town centres and consumer choices throughout the UK, is it not incumbent upon the banks to point the way to alternative lenders who are doing their best to fill the void?
Starting a new business should be an exciting time. Often it’s a stressful time too. Finding premises, dealing with the legals, planning the layout and design and working with builders.
Then you have to source the equipment you need and order your opening stock. If your new venture is in the food retailing sector you are going to need refrigeration, shelving and racking, an epos system and alarm system and more besides. Then it all needs paying for and you haven’t bought your stock yet. I’m stressed just thinking about it.
Imagine finding an asset equipment funder who organises the finance for all the equipment without making a fuss – someone experienced who understands and makes light work of funding the fit out. Someone who knows you are a start-up but doesn’t make an issue out of it.
You concentrate on the fun bits and let Armada take the strain!
After a very long, cold, wet winter and constant negative news being pumped out ceaselessly by the media it takes a brave person to invest in their business by purchasing new plant and equipment. To establish a new business takes even more courage.
However, the days are getting longer, the bulbs are breaking through the sodden earth and the opportunities for entrepreneurs are greater than they have been for years.
When everyone is trying to drag you down to where they are, remember the Stanley Holloway monologue (he of the My Fair Lady fame), when everybody he met made him more and more depressed. He then met Old Jenkins who shouted “By gum! My word you do look well.”
Armada are seeing a stream of quality proposals for start-up businesses each day, together with proposals from many existing businesses looking to expand and up-date. Never before have we seen so many families who are ready to support their sons and daughters in their ventures.
You can choose to be frozen in your business by the negativity of the press, politicians, friends and neighbours or you can be brave and respond “My word I do feel well,” and get on with life, after all, it’s the only one we’ve got!
THE HORSE HAS BOLTED
Time after time we are being nagged by accountants across the UK to fund cash flow support for their clients. The banks’ absence from so many sectors means that entrepreneurs are having to rein in their businesses.
On every occasion we are asked for retrospective funding it is because the client has paid cash for their assets.
Come on fellas, don’t allow your clients to saddle themselves with the wrong sort of debt. Leasing/asset finance has been around for a lifetime and should be used for ALL asset acquisitions in this economic climate.
Impress your clients with your understanding of form.
“Armada offer an innovative asset finance product which is constantly evolving. With in-house
decision making and very quick turnarounds, I can’t help but recommend them.”
Paul Congdon, DARNELLS ACCOUNTANTS