Equipment Finance case study

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Based in the heart of Keyworth village in Nottingham, The Key Health Club is a small and friendly privately-owned health and fitness club. Under new ownership from July 2017, it has undergone some major changes and the extensive refurbishment programme across the whole of the club is now complete. With the help of Johnson Reed’s fitness equipment lease facilities, Phil and Elizabeth have replaced all of the gym’s ageing equipment for more contemporary models.

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Doctor of Chiropractic, Hannah Beard, has started-up a brand-new clinic in the centre of Bournemouth, offering the comprehensive treatment programme, ‘8 Weeks to Wellness’. Amongst the somewhat-saturated Bournemouth chiropractic market, Pure Wellness’ main differentiator from the local competition is their emphasis on wellness and their ability to provide all elements under one roof; massage, personal training, nutritional advice and meditation.

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Capitalising on the recent motorhome boom, Spectrum Vehicle Contracts have launched a new arm of their automotive offerings with VDubline . Specialising in campervan hire, they aim to take a portion of the holiday market, which will enable families and friends to take advantage of an affordable trip throughout the UK and Europe, especially with the anticipated hike in flight prices in the coming year.

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Based on the outskirts of Manchester city centre, New Leaf Press have been supplying high quality bespoke printing services since 1983. Offering in-house pre-press, digital, large format and UV printing, New Leaf continually invest in the latest print technology to ensure they deliver the highest possible quality. However, in recent years the company’s behind-the-scenes IT had taken a backseat. The team were previously operating with a 12-year-old server, which was no longer communicating effectively with their other IT and becoming counter-productive to the business.

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Sometimes upgrading and purchasing new equipment is necessary to enable and maintain your day-to-day operation, and sometimes your investment may be part of a wider strategy to grow and improve your business. Regardless of your rationale, it can help to adopt the analytical mindset of a business growth expert to ensure you’re making a worthwhile investment and taking a step in the right direction towards your business growth.

Here’s the inside track on a business growth expert’s decision-making process, and how to approach every equipment purchase as a revenue-generating asset.

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Airea 51, the UK’s newest indoor adventure park and the first of its kind in Telford, is about to spring into action. At more than 30,000 square feet, the park boasts a wide range of indoor leisure activities, from trampolines to ninja warrior courses.

We catch up with founder and director, Dean McQuire, to discuss his first foray into the industry, the trampoline park potential in the UK and the crucial role equipment leasing played throughout the start-up process.

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Hospitality venues are showing resilience amongst reports of rising inflation and increasing running costs with property specialist, Cushman and Wakefield, predicting the opening of around 3000 new restaurants and cafes in the UK in the two years to the end of 2018. Aside from the continued growth of large restaurant franchises, this momentum has also been recognised on a smaller scale, with successful independent restaurants, bars and diners expanding to their second, third and fourth sites and beyond.

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Established back in 2005, Britannia Fish Bar has been a popular establishment on Dartford Road for many years. With plenty of passing trade from the main road, a surrounding residential area and many dedicated regular customers, business is thriving for the busy chip shop. With food quality at the core of the successful business, Yusef and Kanil decided it was time to upgrade their ageing frying range. Britannia Fish Bar was kitted out with a brand new Hewigo high-efficiency range, complete with new frying pans, a fan-heated chip box and a full length heated top display with a servery counter.

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We’re often asked, particularly by new-start operators, ‘am I eligible for finance?’ Whilst the bank and more traditional lenders tend to operate by a very strict criteria, the process of securing finance with Johnson Reed is a straight-forward and much speedier process. The information required and the process itself can vary depending on a number of factors, and whilst we like to review each business case individually, we understand it can help to have some initial transparency on what’s involved. With this in mind, we’ve compiled a cheat sheet to give you the inside track on how asset finance is underwritten and approved in the UK.

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Staying fit and healthy is a high priority for many of us, but we all know how tricky it can be to stick to a training regime – especially alongside the multitude of other life commitments we need to juggle! Having accumulated 10 years’ experience in the fitness industry, personal trainer, Karla Peacock, set out to help clients achieve this balance, and started up her own training facility in Bolton. Just Fit opened at the beginning of May, and offers both personal training sessions and group options, for those wanting a big-impact workout on a smaller budget.