Recently financed… in the Construction Industry
November 17, 2023At Sheppex we tailor competitive finance facilities to ensure your business achieves the best possible investment… here’s how we’ve helped companies operating in the Construction sector to develop their businesses through investment in new equipment on hire purchase in the last few months.
NEW 4x Husqvarna CRT 48PS Ride on Power Float
Terms: Low 5% deposit and 36 monthly payments
- Funding finalised for a well-established plant hire provider.
- The business had a specific demand to expand its fleet of power floats, used to add finish, texture and polish to recently laid concrete floors.
- The new acquisition allows an increase in workflow and for the completion of more jobs, faster, thereby impacting profit margins.
- Given the rise in operational costs, including fuel and raw materials, the company was advised to preserve cashflow and a low 5% deposit was arranged.
NEW Somero SRS-4 Laser Screed
Terms: Low 5% deposit, 3 months VAT deferral and 60 months repayment period
- Competitive finance organised for an industrial and commercial concrete floor contractor looking to replace an older out-of-date laser screed.
- The existing machine was proving more expensive to maintain and didn’t have the additional aftersales support a new machine provides.
- The three-month VAT deferral arrangement enabled the business to maximise its cash availability.
NEW: CPS50 Trailer Concrete Pump
Terms: 10% deposit, 60 months repayment period
- Investment arranged for a successful concrete pump hire company requiring more capability in its hire fleet servicing the piling, formwork and groundworks industry.
- Given the large national projects and incentivisation by the UK Government to build more homes, concrete pumps are in high and growing demand.
- The purchase of the new CPS50 Trailer Concrete Pump, well renowned for its efficiency, cost effectiveness and low running costs, gives the potential to generate additional revenue.
2021 Hitachi ZX350-7
Terms: 48 months repayment period
- Funding agreed for a business offering plant hire facilities and contract crushing.
- The company needed this medium-sized 35-ton excavator, primarily to utilise its recently financed crushing bucket, also arranged by Sheppex.
- The new purchase allows more work to be completed in a wide range of different industries, from civil engineering to demolition, crushing/screening to remediation, thereby increasing revenue potential.
2019 Articulated Tractor Unit, with associated tipping trailer
Terms: Low 5% deposit, 3 months VAT deferral and 60 months repayment period
- Financed for a nationwide construction firm, acting as a sub-contractor in the haulage of aggregate and concrete to building sites.
- The business was looking to increase its efficiency and margins with a new vehicle, to grow collections and deliveries.
- The new acquisition, with its larger tipper capacity, aims to increase productivity and lower costs.
- A three-month VAT deferral was applied to support the client’s cashflow.
For all of these finance agreements, our customers worked with just one point of contact, from beginning to end – meaning they and you receive the knowledge of a construction industry specialist, one who knows your industry, the equipment and its suppliers… and more than that, understands your needs.
That person is Jonathan Asplin.
Telephone: 01959 565 000
Email: JAsplin@sheppex.com
