Case Study: Hire purchase deal helps tree surgery business expand

Quick

decision making is key when it comes to helping our customers – find out how Close Brothers Asset Finance helped a Scotland based tree surgery business acquire the assets they needed to keep up with growing demand…

Customer background

Our customer is a well-established family-run tree surgery business, located in Scotland. They offer a range of tree care and removal services including tree surgery, hedge work, tree felling, tree pruning and stump grinding. The business has a wealth of experience and they have built up a loyal customer base over the years.

Opportunity

Demand for logs has increased recently and in order to keep to up with demand, the business needed to purchase new machinery. This new machinery included a firewood processor and a midi-log deck, both of which would increase the businesses production capabilities.

Solution

After reviewing all the available options, the business opted for a Hire Purchase agreement. This allowed the business to acquire the new equipment whilst being able to spread the cost by paying for it in instalments over the agreed term.

Outcome

Thanks to the quick decision-making and simple solution from Close Brothers Asset Finance, the customer has been able to get the new equipment they need to increase their production capabilities. This will allow them to keep up with the growing demand for logs.

Hamish Malcolm, Area Sales Manager commented: “Helping businesses to acquire the equipment they need to grow is always a pleasure. In this case we were able to put together a funding solution that suited the business and their cash flow.”

Our customer said: “The result has been fantastic for our business - our sales have quadrupled during the past 12 months and we are now selling over 2,500 cubic metres of firewood a year.”

“The new machinery has enabled us to split logs much quicker and to be far more cost-efficient by reducing the amount of breakdowns and therefore decreasing any downtime. I would definitely recommend speaking to Close Brothers if you have any asset finance requirements.”