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TNS Finance has for many years offered funding for predominantly agriculture equipment bought from their depots, and been very successful in offering its customers a one stop finance solution. In an ever-changing commercial market, we recognise that our customers buy a broad range of assets from different suppliers, yet still could be looking to finance these acquisitions. Woods Asset Finance are now able to provide funding for a wide range of commercial assets (excluding cars) regardless of supplier. Both new and used assets can be funded. In addition to agricultural equipment, other industry sectors we can fund include, Transportation – HGV, Bus & Coach, trailers. Construction, Plant hire equipment and associated machinery. Building’s too can also be considered. We have access to well established credible funders, who can offer a wide range of finance options with flexible terms to suit individual repayment options at competitive rates. The following funding options can be offered to business users: • Hire Purchase • Finance Lease • Contract Hire • Operating Lease • Sale & HP Back • Sale & Lease Back Refinancing Contact us if you would like to find out how Woods Asset Finance funding solutions could relieve pressure on your cash flow and help you get the equipment you need.
Alan Yetts
Business & Finance Manager T: 01394 337981 E: alanyetts@woodsassetfinance.co.uk 2
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Industries We provide funding for a wide range of new and used commercial assets for business users, regardless of your sector or suppliers. Here are just some of the assets we can help you finance:
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Agricultural and Commercial vans Construction forestry machines and heavy goods equipment and and equipment vehicles and trailers machines
Manufacturing equipment and machines
Material handling and lifting equipment
Printing equipment
Buses and coaches
Computers and IT solutions
Plant hire equipment
Crop storage facilities and equipment
Meet Alan Yetts Business & Finance Manager " I have worked within the banking and finance industry for over 35 years. After mainly serving my finance apprenticeship with Lombard, I have spent many years, predominately helping business users fund their capital purchases for the day-to-day running of their company. I have extensive knowledge of funding options and our key partners have given us the ability to provide solutions for every industry and eventuality. I now look forward to being of assistance to your business by offering the right deal you require. Please contact me to discuss any planned or unplanned purchases that require a pragmatic approach to funding your next investment." T: 07798 585627 E: alanyetts@woodsassetfinance.co.uk www.woodsassetfinance.co.uk
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Financial Services OPERATING LEASE Lease a piece of equipment, while you need it. An operating lease is very similar to a finance lease, although the former is usually for a shorter period of time, usually a small percentage of the equipment’s expected lifespan. The shorter nature of operating leases allows you to pay a reduced rental payment. During the lease period, you get to use the equipment as you would if you owned it, but without the upfront financial outlay.
SALE & HP BACK Sale and hp back is a means of asset finance whereby you can release capital in a business asset that you already own. We will buy your asset at an agreed value and then finance it back to you under a hire purchase agreement. Once all the hp repayments have been made, your business will once more own the asset. The asset involved might be a piece of machinery, equipment or a vehicle, and could be new or used.
SALE & LEASE BACK Sale and lease back transfers ownership of your existing assets from the owner to us. You then continue to use the assets, effectively leasing them from us for a monthly payment.
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Using this asset finance option frees up cash for your business and could help you more effectively measure the cost of buying, financing, maintaining and disposing of your assets.
HIRE PURCHASE Hire Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale. It lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment.
FINANCE LEASE Use the equipment you need without having to buy it outright. You pay us rent for the full use of it. The rental period is flexible and can be tailored to your needs and cash flow. During this period, you will pay us the full cost of the asset, including interest. Then, when you reach the end of the primary lease term you can choose to enter a new rental period, sell or return the asset.
CONTRACT HIRE This is a great way to finance business vehicles. This form of rental agreement offers low deposits and can also include a maintenance package to care for your new vehicle. 7
Financial Partners
AGCO Finance is a joint venture between the global financial solutions partner DLL and AGCO, one of the global leaders in the design, manufacture and distribution of agricultural equipment. That makes us both a reliable bank and an experienced expert for agriculture business. AGCO Finance is a worldwide brand of AGCO Corporation.
Close Brothers Group plc is a UK merchant banking group, providing lending, deposit taking, wealth management and securities trading. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the group's parent entity is BNP Paribas S.A
DLL is a global vendor finance company with almost EUR 35 billion in assets. Founded in 1969 and headquartered in Eindhoven, The Netherlands, it provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean technology, Construction, Transportation, Industrial and Office technology industries.
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GROUP The Thurlow Nunn Group has been established since 1875. We are a sixth-generation family owned and managed business operating from 19 locations across the East of England in agricultural engineering, vehicle retail and construction project management. The Thurlow Nunn Group employs more than 575 people, with an annual turnover in excess of £220 million. The group consists of our Agricultural companies: Thurlow Nunn Standen, Specialist Installations Division and SymAgri, and our Vehicle companies: Thurlow Nunn, Approved Used and Distrigo. James Thurlow and his sister, Sally Tew (HR Director) represent the 5th generation of the Thurlow family to be involved in the business and Will Tew (Sally’s son) represents the 6th generation. Will was appointed Managing Director of Thurlow Nunn on 1 March 2021.
GROUNDCARE
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SymAgri
Systems for Agriculture
Specialist Installations Division
Timeline of the group 1875 - George Thurlow set up a business in Stowmarket as an oil merchant and engineer. The company moved into the supply of steam engines and threshing tackle to become one of the country’s leading distributors. 1911 - George Thurlow & Sons Ltd acquired the Massey-Harris franchise in following the purchase of Woods & Co in Stowmarket and today we are recognised as the longest operating distributor of this brand (now Massey-Ferguson) in the world. 1968 - John Thurlow (George Thurlow’s great grandson and James Thurlow’s father) took over the running of the business when his father died. 1970 - George Thurlow & Sons Ltd merged with their neighbouring MasseyFerguson dealer, Frank J Nunn & Sons, to become Thurlow Nunn & Sons Ltd. This merger allowed for expansion west and into Norfolk. 2020 - John Thurlow retires after 65 years’ service but retains an active interest. James Thurlow takes over as Chairman of Thurlow Nunn (Holdings) Ltd. James remains Managing Director of Thurlow Nunn Standen Ltd. 2021 - James Thurlow and his sister, Sally Tew (HR Director) represent the 5th generation of the Thurlow family to be involved in the business and Will Tew (Sally’s son) represents the 6th generation. Will was appointed Managing Director of Thurlow Nunn on 1 March 2021.
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