Asset Finance

 

Asset finance can enable a business to purchase or refinance commercial vehicles, machinery or equipment, spreading the cost over a period of time.

Our industry expertise

Our specialist asset finance team have all worked in the asset finance sector with the main banks and specialist lenders to provide finance solutions for UK businesses across all sectors, whether it is a sole trader or a large-scale operator in the industry.

  • Agriculture
  • Construction
  • Engineering
  • Manufacturing
  • Materials handling
  • Packaging
  • Print
  • Transport and logistics
  • Waste and recycling

Types of products

Our specialist asset finance team have all worked in the asset finance sector with the main banks and specialist lenders to provide finance solutions for UK businesses across all sectors, whether it is a sole trader or a large-scale operator in the industry.

Stock finance case study

1. Hire Purchase

Hire Purchase product provides the flexibility to spread the cost of an asset over a fixed period. Whether you are buying vehicles, engineering machinery, construction equipment, or other commercial equipment that has a resell value Hire Purchase offers you fixed monthly repayments so you can manage your budget effectively over the repayment term. Plus, when the repayment term is finished, you own the asset.

2. Sale and Hire Back HP

Sale and Hire Back HP is an innovative product that enables you to unlock the capital held in your existing assets. For businesses looking to expand it is an efficient and effective way to finance the growth.

We have access to specialist lenders who will purchase the asset at an agreed value and finance it back to you over a fixed period with repayments matching the income stream generated by the asset. This can also include assets currently under a finance agreement and is available to most asset classes and trading entities.

Refinancing options

3. Refinancing

Refinancing assets is a great way to quickly release additional working capital or to restructure an existing agreement.

Based on an asset’s value (whether you own it outright or are currently under an existing finance agreement) our experienced asset finance specialists will work with you to get the most from the refinance facility.

Commercial mortgages case study

4. Finance Lease

A Finance Lease gives you the freedom and flexibility to give you the use of your equipment without the responsibility of owning it or the cost of purchasing it outright at the outset. The full cost of the asset, along with interest, is recovered by the Lender over the agreement term. You will have full use of the asset for its useful life, being responsible for its maintenance and insurance until the end of the agreement when you can decide to keep it or return it.

5. Operating Lease

An Operating lease gives you full use of the asset without the burden of owning it.

The lease period is for a fraction of the asset’s useful life, which means you only pay for the difference between the original purchase price and the residual value at the end of the agreement.

At the end of the lease term, the Lender is responsible for disposing of the asset along with recovering the residual value on which the agreement was based.

How Oakmead Finance can help

We are passionate about helping firms reach their potential and understand business is more than just credit ratings and financial performance. Our Asset Finance team work closely with like minded specialist lenders who base their lending decisions on the overall health and plans for the business, rather than just a credit rating. We work with them to understand your industry as well as seasonality factors that may affect your repayments. We then create tailor-made repayment structures that work for you.

Contact us

Case study

Asset Finance case studyAn established vehicle rental company based in London, offering short and long term hire options to their customers on a large range of vehicles was looking to expand and had identified a new site in South West London to move to.

With the new site secured they needed finance to purchase the vehicles required to fill the larger site.

The business approached a number of known asset finance providers all of whom were offering a similar deal structure on similar terms with a lengthy list of requirements and an undefined completion period.

They finally approached Oakmead Finance specifically to obtain a view from a smaller asset finance provider who would be able to act quickly and provide the funding in a short period of time.

One of our asset finance team met with the Managing Director to understand their needs and financial requirements and following the meeting identified a small number of commercially minded lenders who placed the underlying asset, the strength of the management team and the plans of the business ahead of financial performance and credit rating.

Within 48 hours an agreement was put in place and a substantial credit facility was secured against the value of the new vehicles. The deal was structured so that the company didn’t have to offer payment up front on each vehicle, and allowed for VAT delays and balloon payments.

The business has since opened at their new premises, employing 8 additional staff and growing so much so that they are looking to open a secondary site in North London.

“The assistance we received from Oakmead Finance made it possible to open our new site. The help from Richard and the team has been fantastic and gave me one less thing to worry about. There was no waiting for a decision. They worked to our timescales and generated an offer of a facility within 48 hours. This meant we were able to get up and trading as soon as possible.”

Oakmead Finance Ltd is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

Oakmead Finance Ltd is a company registered in England & Wales with company number 09478864. The registered office address is 33 Clarendon Way, Chislehurst, Kent, BR7 6RE

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.