Hire Purchase / Lease Purchase

Enables customers to spread the cost of their investment and also allows the customer to gain title at the end of the agreement, either automatically or on payment of an option to purchase fee. The agreement is usually arranged over a fixed period and with fixed repayments secured on the products being financed. For tax purposes, from the beginning of the agreement the business customer is considered as the owner of the equipment and can therefore claim capital allowances.

Finance Lease

Finance Lease is similar to Hire Purchase, the full cost of the equipment is recovered over the lease period. Although the customer does not own the equipment, they are responsible for maintaining the asset and can deduct the full cost of lease rentals from taxable income, as a trading expense. When the lease period ends, the the customer can agree to a secondary lease period with significantly reduced payments. Alternatively the asset may be sold to a third party.

Operating Lease

An Operating Lease facility conserves working capital by providing off balance sheet funding and rentals based on the planned economic use, rather than the life of an asset. It allows full use of an asset whilst paying rentals during the agreed period which is usually for two or three years but can be much longer, with a residual value at the end of the agreement therefore an Operating Lease does not need to recover the full cost of the equipment through the lease rentals. It may also be possible to extend the rental agreement at the end of the primary term before finally returning the asset.

Contract Hire

Contract Hire is a tax efficient form of operating lease usually used for financing vehicles off the balance sheet and removing the risk of depreciation. It gives companies use of the vehicle for a fixed period between 24 and 60 months. Agreements can include maintenance so that companies can fix the running costs of their vehicles.

Sales and Lease Back

Sale and Leaseback enables companies to finance existing assets and release working capital without the need to dispose of them. We can provide upto 100% funding against asset valuations and agreements are arranged over fixed period of time in line with the economic life of the asset.

Structured Finance Financial Restructure

Allocating time to evaluate your existing finances never tends to be a priority until you need additional funds. This could be for cash flow, expansion, MBO’s, MBI’s or acquisition purposes.

At Total Asset we have the experience to analyse your existing facilities and advise you of the optimum solutions. These may be:

• Receivables
• Sale and Leaseback or Sale and HP Back
• Commercial Mortgages
• Commercial Loans
• Acquisition Finance
• Short Term Finance
• Factoring and Invoice Discounting
• Stock Finance
• Marine Finance

Commercial Mortgages

Access the entire UK mortgage and short term bridging market for commercial and residential funding, regardless of status. New loans and re-mortgaging facilities are available at competitive rates.

Factoring, Invoice Discounting & Stock Finance

If you need a cash injection or to raise your a level of stock to cover future orders. Total Asset can advise you on how best to release the cash that's tied up on your debtors book or in your inventory:

• Up to 90% Against invoices
• Up to 60% of eligible stocks

Marine Finance

You can trust us to help make your purchase as worry and as hassle free as possible with Marine Mortgages or Loans. With flexible terms over periods of up to 15 years.