Equipment Finance case study

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Whether you’re going karting for a special occasion, or pursuing regular practice as a hobby, Midland Karting provide a fun, safe and challenging karting experience for racers of all ages and abilities. With their karts fast-approaching the ten-year-old mark, Midland Karting decided it was time to upgrade their fleet, especially as the ageing models were proving incredibly costly to maintain. Working with world-leading and 33-year-established kart manufacturer, Sodi Kart, the team opted for 14 of the new GT4 models, which boast low operating costs and high levels of comfort and safety.

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Folkestone Sports Centre, Kent, has been a popular attraction for both local residents and visitors since its inception in 1974. Boasting a huge range of facilities, from swimming to all year dry slope skiing, the centre is the perfect location for those looking to improve fitness, enjoy relaxing treatments, entertain the family, or engage in a little healthy competition! In order to continue providing high-quality fitness equipment to the community, the centre recently upgraded the ageing range of cardio equipment.

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Established in the industry for over 13 years, Director, Jane Saunders, also owns a second site in Stevenage; The Sun Factory. As a long-standing customer of Johnson Reed, Jane has acquired a number of sunbeds for both sites through leasing agreements. On hearing about our unsecured loan facilities, Jane turned to Paula to arrange finance for various salon refurbishments. The required amount and fixed term was agreed, and the funds were arranged promptly.

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We’re often told that ‘Cash is King’. But what does it mean? Quite simply, cash flow refers to the money coming in and going out of a business. The key is to minimise outgoings and maximise your revenue streams where possible, and we’ve compiled some useful tips to help you do just that.

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Director, Daniel Haley, set up GW Power in 2014. The company specialises in testing and inspection services alongside mechanical and electrical installations, working with both commercial and domestic clients. The team has recently relocated to a new premises and required a new server and IT hardware to help accommodate and manage their growing workload.

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As of this month, freerunning has gained recognition from all five sports councils and now has an appointed national governing body, ParkourUK, meaning they will be able to apply for government grants and National Lottery Funding. The official confirmation suggests parkour could potentially become an Olympic and Paralympic sport in future.

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Jungle Versatile Indoor Play (Jungle V.I.P) is an established soft play centre, based in Hounslow, Middlesex. Since opening its doors in 2014, the play centre has accommodated a growing range of activities to cater for its varied audience. We catch up with Director, Evana, to discuss the family business, alternative finance options and the latest addition to the site- Jungle Laser!

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Downey’s was established in 2011, when the family opened their first shop in Seaham. The family-run business has expanded as a result of its success and now occupies more sites along the coastal seafront, with a second shop in Seaham and one in Roker, Sunderland. The original Seaham site recently underwent a significant expansion, and Director, Glen Downey, approached Johnson Reed for assistance with fit-out and frying range costs.

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Danny’s latest venture, in conjunction with business partner, Luke Kousoulou, is VIP HQ. Rather self-explanatory; the new headquarters will provide a base from which he will run his operation and host his clients. However, VIP HQ isn’t just another gym facility in the saturated Essex fitness market. Based in Stapleford Abbots and spanning three acres of land, the new site boasts both indoor and outdoor facilities; a prefab building filled with functional fitness equipment, and a large outdoor army-style assault course.

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For 14 years, Bonkers Play Centre had been operating on the outskirts of the town centre. Director, Sandra Burchell, saw more potential in her business and moved her play area to the centre Swindon’s regeneration, nestled between food courts and popular retail outlets.