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www.mafl.co.uk | Issue 1

GUIDE TO

FINANCE FOR BUSINESS OWNERS & FINANCE DIRECTORS OF UK SMEs REFINANCING Get a cash injection refinancing vehicles, plant & machinery PAGE 09

INVOICE FACTORING

Free up your cashflow and grow your business. PAGE 10

ASSET FINANCE

Best rates for vehicles, plant & machinery PAGE 04

PAGE 11

M AG AZ IN E

With great rates, fast service and flexible solutions, that's exactly what MacManus Asset Finance can do for you...

FR EE

DO YOU DRIVE YOUR DREAM CAR?


WELCOME

YOUR BUSINESS FINANCE SOLUTION HAS ARRIVED! Welcome to our mini business finance guide that tells you everything you need to know about the products we offer that can help you and your business access finance, save time and save money. • Are you looking to finance a car for yourself or for your business? • Do you need to acquire some new machinery, equipment or vehicles? • Would you like to release cash tied up in your assets? • Would you like to release cash tied up in your invoices? • Do you want to save time and money in the process? If the answer to any of these questions is yes, then keep this guide safe and give us a call. We are Cardiff based, independent business finance experts that are, every day, helping firms like yours access business finance at the best rates and over the best terms from a panel of over 20 finance houses. Are we any good? Don’t take our word for it. We’ve got real business owners, like you, that are happy to recommend us for the service we’ve been able to provide them. You’ll see what they think throughout this guide. We are plain speaking, open and honest finance professionals, who deliver. We believe in the relationship, not the transaction. We’re not Bankers and we don’t lend money. We stand by your side and use our brokerage lines to negotiate and secure the finance you need. This guide details the different areas of business finance that we can help you with, and we’ve made it really easy to let us know how we can help by enclosing a pull-out fax back form which you can complete and send us.

I truly hope you find this guide of interest and useful and may allow us the opportunity to assist you when you next require finance. For a no obligation discussion please call us on 0845 3300 455. Best regards,

Chris MacManus

Managing Director, MacManus Asset Finance Ltd

www.mafl.co.uk


CONTENTS Welcome

02

Asset Finance

04

Asset Finance Case Study

05

CapEx Form

06

Refinancing Case Study

08

Refinancing

09

Invoice Factoring

10

Car Finance

11

L.I.S.T.E.D

12

Haywood House North, Dumfries Place, Cardiff, CF10 3GA

EEZINE FRMAGA www.mafl.co.uk

t: 0845 3300 455 f: 0845 2805 329 e: enquiries@macmanusassetfinance.co.uk www.macmanusassetfinance.co.uk MacManus Asset Finance Ltd is a company registered in England and Wales. Company number: 5785432. Consumer Credit Licence Number: 591425.

03


ASSET FINANCE

With a wide panel of around 20 funding providers we secure finance for a huge range of movable business assets including: • • • • • • • • • •

Cars (see Car Financing) Vans – LCV’s Heavy Goods Vehicles Fork Trucks/Materials Handling Trailers Buses Coaches Printers Production & Manufacturing Machinery Agricultural & Forestry Equipment

• Engineering Machinery • Construction Equipment - Yellow Plant • Waste Management / Recycling Equipment • IT & Telecoms Equipment • CCTV & Security Equipment • Catering Equipment • Funeral Vehicles • Aircraft • Marine Vessels

Up to 100% finance is possible and facilities can be secured within 48 hours. We can fund new AND used assets with funding terms ranging from 24 months to 84 months on most assets, and up to 15 years on marine vessels. We can assist when the supplier is based in the UK, and even when the supplier is based outside the UK in certain circumstances.

“I CAN'T SPEAK HIGHLY ENOUGH OF THE PROFESSIONAL SERVICE WE ENJOYED WORKING WITH MACMANUS ASSET FINANCE AND I'D STRONGLY RECOMMEND THEM TO ANY OTHER BUSINESS THAT MAY REQUIRE ACCESS TO FINANCE." Chris Jones J Jones & Sons (Dairies) Ltd

Whether you are a sole trader, partnership, limited company, new start or established business we have the funding lines to assist you.

For more information call us now on 0845 3300 455.

04

www.mafl.co.uk


MACMANUS ASSET FINANCE DELIVERS FOR THE MILKMEN! J Jones & Son (Dairies) Ltd of Barry are one of the best known and longest established family run milk delivery firms in South Wales and have provided a regular and reliable milk delivery service to families in the Barry area since 1929.

Like many long established firms the business model hasn' t changed much for decades with manual systems of collecting payments and monitoring customer accounts being very time consuming, ineffective and expensive. However with automated systems now available and changing lifestyle habits MD Chris Jones realised that by investing in new bespoke IT systems there was an opportunity to reduce massively on overhead costs, attract more customers, reduce debtor days, reduce bad debt, save money and increase profitability. Having being recommended to us by a trusted Business Advisor, Chris contacted MacManus Asset Finance to seek our support in securing the necessary asset financing. In the current climate this was not a straight forward task with many major funders having no appetite to fund technology assets at the current time. However due to the wide panel of funders that MacManus Asset Finance can access along with our skill in presenting the proposition in the most effective light, we were able to negotiate acceptable terms that enabled the purchase to proceed successfully. Recognising the difficult funding environment Chris Jones was thrilled that we were able to secure this funding when many funders simply weren't interested and admitted that the equipment will revolutionise and transform their business. Chris added, "I can't speak highly enough of the professional service we enjoyed working with MacManus Asset Finance and I'd strongly recommend them to any other business that may require access to finance."

If you'd like to find out if we can deliver the finance your business needs please call us on 0845 3300 455. www.mafl.co.uk

05


Fax:

We have a funding requirement for:

Phone:

Address:

Business Name:

Contact Name:

TIMESCALE DUE (MONTHS)

Email:

Simply complete this form, indicating what finance you require and when. Fax to us on 0845 280 5329 and we will contact you immediately.

Cap-Ex Faxback


AMOUNT REQUIRED (ÂŁ)

NOW

0-3

3-6

12+

www.macmanusassetfinance.co.uk

MacManus Asset Finance Ltd is a company registered in England and Wales. Company number: 5785432. Consumer Credit Licence Number: 591425.

t: 0845 3300 455 f: 0845 2805 329 e: enquiries@macmanusassetfinance.co.uk

MacManus Asset Finance Haywood House North, Dumfries Place, Cardiff, CF10 3GA

280 5329

6-12

Please now fax to MacManus Asset Finance Ltd on 0845

OTHER

FACTORING / INVOICE DISCOUNTING

MARINE / AVIATION

IT & TELECOMS

PLANT & MACHINERY

BUS/COACH

HEAVY COMMERCIAL VEHICLES

LIGHT COMMERCIAL VEHICLES

CARS

FINANCE TYPE


MACMANUS ASSET FINANCE CUTS ABOVE THE REST! In 2005 we assisted in raising a substantial amount of asset finance for a management buyout of a sports pitch and environmental contractor, Turfgrass Enterprises Ltd which trades as Inscapes and is based in Bridgend, South Wales. Even pre-credit crunch this was not an easy deal to put together requiring funding from 5 different finance providers and included around 50 individual pieces of plant and machinery and vehicles with the entire asset finance process managed throughout by us. Since then Inscapes has flourished as has our relationship which remains as strong today as it did in 2005. With the annual capital expenditure requirements due in May this year we have managed once again to secure all the asset funding Inscapes needed including vehicles and agricultural plant and machinery which has enabled them to move forward with a number of excellent and very profitable contracts this year. Inscapes has a broad spectrum of services from providing turf to many of the most famous sporting venues in the UK to working on huge scale operations contracting alongside major utility companies to ensure environmental impact of installations are minimised. Our relationship with Inscapes is an example of the partnership approach we like to build with our clients as we look to work with them, not just today, but for the long term.

If you'd like to find out if we can deliver the finance your business needs please call us on 0845 3300 455.

08

www.mafl.co.uk


REFINANCING

With cashflow pressures tight many businesses are exploring ways of obtaining a capital injection. An interesting alternative is asset refinancing. This involves releasing cash from the value of vehicles or machinery that a business owns. While we fund very many businesses buying new and used vehicles, plant and machinery, there is a growing demand by firms to remortgage the assets they already have on their balance sheets, that they still need to use. This method of finance has several names, most commonly its called a Chattel Mortgage, and sometimes Sale and Leaseback. It will always require a charge to be registered over the specific asset which the finance provider will rely upon as their primary security. It can be a little more complex than typical asset financing as there are fewer finance companies interested in funding in this way. The good news is that we know the ones that do! The process involves an initial discussion about your plans, where we gather your latest financial information and a full description of the assets that you are interested in refinancing. We then obtain a valuation of the machinery which is then used as a guide to the amount of finance we could try to secure. If you are happy with this we will proceed to a formal application which can take up to 5 days to complete, and once approved documentation is completed very quickly and funds released to you. As many banks have an all assets debenture in place on their clients banking facilities it is always worth checking in advance with your bank, whether they would be prepared to release specific assets from their debenture in order that another funder can advance funds against them, before exploring asset refinance options. If they agree they will need to sign a form called a Debenture Holders Waiver.

“ALWAYS VERY APPROACHABLE AND HAS ALWAYS DELIVERED THE FINANCE WE HAVE NEEDED. WE’D RECOMMEND MACMANUS ASSET FINANCE TO ANY OTHER BUSINESS NEEDING ANY FORM OF BUSINESS FINANCE.” Gareth Rees Turfgrass Enterprises Ltd t/a Inscapes

To release cash and to explore asset refinance option for your business call us now on 0845 3300 455. www.mafl.co.uk

09


FACTORING & INVOICE DISCOUNTING

Cashflow difficulties are the biggest cause of business failure however there are simple facilities available that can help businesses of every size and in every industry improve their cashflow. Factoring & Confidential Invoice Discounting are among the fastest growing and most popular finance facilities available to businesses and work very simply by allowing you to borrow money based on invoices you are waiting to be paid for. Lets says you invoice for a completed job today, it may take 60 to days for you to be paid, time when the money you need is sat in your customers bank account. Factoring allows you to borrow typically 85% of the invoice value today, with the balance paid to you when your customer finally pays. This is an incredible advantage as having cash available immediately can not only help a business survive, but can transform its ability to grow. With access to around a dozen providers in this market place we can help guide you through the process, identifying the most suitable funding partner for your needs and industry.

“MACMANUS ASSET FINANCE HAVE HELPED MY VARIOUS BUSINESSES ARRANGE FINANCE FOR SEVERAL YEARS. ALWAYS REALLY EFFICIENT AND HELPFUL, SO THE JOB GETS DONE WITHOUT THE NORMAL FUSS AND BOTHER!” Anthony Hancock Aerial Support Services Ltd

For more information call us now on 0845 3300 455.

10

www.mafl.co.uk


CAR FINANCE

Buying a car is a really exciting process. Reviewing brochures, taking a test drive, picking colours and extras. That’s the fun bit. We deal with the boring “paying-for –it” bit. Providing the finance. Whilst it is the boring bit getting the finance package right is as important as any aspect of the car buying process and should not be taken lightly. Would you ask a Dentist to build you a house? Or a Plumber to write you a will? Of course not. No matter how good they are at their chosen profession they wouldn’t be much use for those other tasks – so isn’t it just as bizarre to expect someone who sells cars for a living to be the best person to provide you with finance? The majority of dealers only know about the product they sell which may not be the best priced, or even the right one, for you. Far better to work with an expert in providing car finance. We don’t sell cars but we do provide affordable, bespoke and appropriate finance solutions for consumers, sole traders, directors and limited companies from a large panel of finance houses. We ask the right questions and we don’t just finance new cars – we can finance used cars up to 10 years old – and even older classic and sports cars – not something your high street lender will be too interested in as a rule!

“EXCELLENT SERVICE. THE TEAM WERE VERY EFFICIENT AND PROFESSIONAL IN ARRANGING FINANCE ON MY CAR. HASSLE FREE AND ENSURED NO DELAYS ON COLLECTION.” Daniel Lewis Lagrafica Ltd

People can be understandably baffled by phrases such as PCP, PCH or Residual Values. We take a sledge hammer to the jargon and break it down to its simplest points, providing you with the insider’s information aimed at ensuring you get exactly what you need, and not what someone is trying to sell you.

Take control of your car financing requirements today, and in the future. Call us now on 0845 3000 455 and start saving. www.mafl.co.uk

11


NEED FINANCE? GET

L.I.S.T.E.D L I S T E D

LOCAL

Being Cardiff based means we can provide local, personal, face to face support

INDEPENDENT

Being free of ties to any one provider means we provide a truly independent business finance service

SPEED

Once engaged we immediately respond to your funding request and work to the timescales you set.

TRUST

All negotiations and financial information are treated in the strictest confidence, and we are registered with the Data Protection Registrar

EXPERIENCE

Over a decade of asset finance and business finance experience assisting businesses of all sizes in every industry sector

DETERMINATION

We explore and exhaust every avenue to secure you the finance you need.

Haywood House North, Dumfries Place, Cardiff, CF10 3GA t: 0845 3300 455 f: 0845 2805 329 e: enquiries@macmanusassetfinance.co.uk www.macmanusassetfinance.co.uk MacManus Asset Finance Ltd is a company registered in England and Wales. Company number: 5785432. Consumer Credit Licence Number: 591425.


MacManus Guide to Finance - Issue 1