Advice

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And so it goes – after 43 years, Britain will be leaving the European Union, and after six years in the top spot, David Cameron will step down as Prime Minister. Whilst some are pleased with the result and feeling optimistic about the future, others are as disgruntled as the MEPS in European Parliament yesterday after Nigel Farage told them, “virtually none of you have ever done a proper job in your lives.”
If you’re feeling overwhelmed by the abundance of fact and opinion flying around, you’re not alone. But what we’re struggling to gauge is – what happens now?

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Without a doubt, the catering equipment market is booming. With an expected turnover of £1.1 billion this year, the upsurge in new equipment has fuelled growth in both suppliers and manufacturers alike, and the marketplace shows no sign of slowing. However despite this growth, businesses are facing ever-increasing challenges to meet the financial demands of buying new equipment, with many failing to afford to do so. Despite the advantages that new equipment can bring – such as higher quality food, lower waiting times, increased capacity, and ultimately a higher return – it’s often difficult to afford such a huge outlay when the average kitchen can range from £1,000 up to £250,000.
Educating businesses and SMEs in alternative ways of financing can be difficult. For many people, the mindset of getting finance is either a negative one – inevitably it will lead them into debt which they cannot afford – or that bank lending is the only option. Neither of these are true, and equipment financing is often a much better alternative to bank lending for its flexibility, amounts available, and repayment schedule.

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A business will always have overheads such as rent, staff, and rates. Making sure these bills don’t get the best of you and keeping your cash flow under control can sometimes be difficult. Here at Johnson Reed we want you to succeed so we have come up with some simple steps of how you can keep control.
The future of your business depends on preparation. This is a key factor for your business to grow. Planning a business expansion or preparing to face stiff competition in your sector means investment. It can be easy to lose control of your cash flow when you don’t plan ahead.

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We all know a business needs to make sales to survive; securing a client purchase is key. You can offer them discounts, extra help, free fitting or specific knowledge on the subject but if the buyers cash flow isn’t there you will run into issues.
But don’t worry, that’s where Johnson Reed can help you. Vendors who use financing as a tool can not only successfully gain a sale, but it can increase the amount of equipment purchased and even lead to repeat sales.

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With the banks reluctance to lend, despite what seems any amount of government help, companies in all sectors especially the glass industry are going to have to start taking a lateral look at their funding needs and whilst the latest measures sound great we will have to wait and see if the support gets to … Read more

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With the economic situation still in a state of flux, and the financial markets looking rocky, it’s difficult to see when the current state of affairs will end. This in turn is reflecting on the banking sector making them very nervous, so it’s not surprising that the high street banks will more than likely miss … Read more

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With the banks reluctance to lend, despite what seems any amount of government help, companies in all sectors especially in the glass and glazing industry are going to have to start taking a lateral look at their funding needs. Whilst the latest measures sound great we will have to wait and see if the support … Read more

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The latest Finance & Leasing Association (FLA) figures show that asset finance lending increased by 25% to £1.7 billion in May compared to the same time last year, with around 1,000 small businesses taking out equipment finance every day. “It’s great news that more and more SME businesses are seeing the advantages of assent finance … Read more

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Small businesses used brokers to access more than £700 million worth of asset finance during December, January and February, according to the latest figures from the Finance & Leasing Association, the trade body for the asset finance industry. Broker-introduced asset finance was up by 31% in the three months to February, from £547m last year, … Read more