In an article written in Leasing Life, 11th February 2013, Donald Kerr, MD of Lloyds TSB Commercial Finance said “Access to finance is a key driver of economic recovery and firms need to be aware of the options available to them.”

This will come as very encouraging news to the SME sector. If Mr Kerr and his colleagues in his and the other banks introduce their customers to reputable asset funders and other alternatives they can build bridges with their disillusioned customers, help re-build the economy and go some way to making reparations for the damage done to the country and its tax payers.

The question is Mr Kerr, is your statement rhetoric or are the banks prepared to make effort and changes vis a vis Anthony Jenkins, Barclays Bank?—lloyds-tsb/



Denis had been working at the bank for 28 years so when they decided to close his branch and offer the staff redundancy packages he jumped at the idea. After considerable thought, he and his wife, Jacqueline, decided to support their daughter, Kaitlin, in her plans to set up a new hairdressing and beauty salon with her partner Karen.

They found a barn conversion unit in the New Forest and began planning the fitting out and the equipment needed. For the well-heeled clientele they would be attracting, the bill for equipping the salon was significant.

After taking advice from their accountant they met with Colin Chastey of Armada to discuss asset finance as the way forward. As Denis and Jacqueline were prepared to guarantee the venture, Colin was able to obtain an agreement to fund all the equipment they needed very quickly. Denis was seriously impressed with the speed and professionalism of Colin and the Armada team.



Dick’s old school chum called to see him recently, excited that he had won a contract to build a new gym outside Chipping Norton. He needed to hire diggers, tippers, scaffolding and a variety of other plant from Dick’s plant hire company.

Although Dick didn’t mention it, this posed a real problem for him as he needed to buy in much of the kit as most of his plant was already on hire.

As his bank were not being helpful and their leasing arm was adopting the same line Dick was stressed wondering how to fund the plant he needed. His wife Fiona came to the rescue when she suggested he should talk to his accountant. A brief phone call to Mike, his accountant, a visit from Olly Nash of Armada and the problem was solved, stress relieved.

More and more accountants are seeing that they can add value to their relationships by directing them to alternative funding at this time. A pro-active accountant can make all the difference.



Frequently a commercial decision needs to be made rapidly – it might be an opportunity to purchase stock at a significant discount if the invoice can be paid promptly – it might be that a crucial piece of machinery has failed and needs replacing yesterday.

Regretfully, entrepreneurs have come to expect to wait weeks or months for a decision from their bankers.

For 40 years Armada has put its clients first and appreciates that when you decide to invest in new assets you want your funder to give you an answer NOW. Armada notifies its customers within 24 hours, whatever the size or complexity of the proposal.

“Armada Asset Finance made a decision for one of my best clients
within 24 hours on funding an asset that we could not help with.”

Lee Owen, Barclays Bank


To celebrate our engagement Felicity asked me to take her to Ladies Day at Goodwood Races. We set off early and stopped for coffee at the Spread Eagle in Midhurst. Felicity suggested we have a bottle of Krug with our coffee. I could see this was going to be an expensive day out!

When we got to the racecourse the queues for the car parks were endless. Madam kept going on about how the bottle of champers had perhaps not been a good idea. Eventually I got the ‘old banger’ parked and her ladyship went tripping off in her Jimmy Choos, tight fitting frock and Philip Treacy titfer ― thank goodness the loos had gold taps, carpet and played Michael Bublé. We were just in time for the Off.

For years Simon Parish has been siting his luxury loos at society weddings, yachting events and race meetings. He uses his quality relationship with Armada Asset Finance to fund the loos and other vital assets.

He knows a good bet when he sees one