Use of asset finance shows robust growth

22/01/2015 / Comments 0

Use of aset finance shows robust growth

A growing number of UK businesses are realising the benefits of asset finance, according to new data.

There was 12% growth in asset finance new business in November 2014, compared with the same month the previous year, the latest figures released by the Finance & Leasing Association (FLA) show.

The figures also revealed that the annual total of new asset finance facilities passed £25 billion for the first time in more than five years.

Compared with November 2013, the data showed robust growth in several asset finance sectors. Plant and machinery finance grew by 14% to £389 million, business equipment finance was up by 25% to £192 million and IT equipment finance increased by 40% to £122 million.

And, with our research showing that businesses that use invoice finance or asset finance are outperforming their peers, we’re not surprised to see increasing numbers of firms taking advantage of asset finance in order to expand their business and move it to the next level.

Here’s a brief overview of some of the asset finance options available and their benefits:

Hire purchase

Allows businesses to hire an asset over a fixed period of time in return for regular payments. Once the repayment period of the hire contract is completed, full ownership of the asset is transferred to the business.

Read more here…

Finance lease / Operating lease

These leases are suitable if a business needs a particular piece of equipment for a limited period. Again, the business makes regular payments throughout the duration of the lease, but hands the asset back to the lessor at the end of the repayment period. While maintenance costs are the business’s responsibility with a finance lease, an operating lease sees the responsibility transferred to the asset finance company, meaning the business avoids any unexpected costs.

Here’s more information…

Asset refinance

A business can sell its equipment to an asset finance company and lease it back in return for rental payments.

Find out more…

As a commercial finance broker specialising in asset based finance, Hilton-Baird Financial Solutions can introduce the most suitable solution for your business. To find out more about how asset finance could help your business, call our team on 0800 9774833 or email


No comments yet - be the first!

Some of the funders we work with

  • InvoCap
  • PNC Business Credit
  • Pulse Cashflow Finance
  • Team Factors
  • Secure Trust Bank
  • Davenham Trade Finance
  • Barclays
  • Close Brothers Invoice Finance
  • Everline
  • Asset Advantage
  • Positive Cashflow Finance
  • 1pm
  • Creative Capital
  • Regency Factors
  • Partnership Invoice Finance
  • Outsauce
  • Santander Corporate & Commercial
  • Skipton Business Finance
  • Henry Howard Cashflow Finance
  • iwoca
  • Woodsford Tradebridge
  • Assetz Capital
  • Trade Finance Partners
  • Nucleus Commercial Finance
  • Calverton Finance
  • Davenham Asset Finance
  • Aldermore Invoice Finance
  • Leumi ABL
  • Catalyst Finance
  • Shawbrook Business Credit
  • Roma Finance
  • Innovation Finance
  • Platform Black
  • Market Invoice
  • Bibby Financial Services
  • IGF Invoice Finance
  • Spotcap
  • Working Capital Partners
  • Investec
  • GapCap Cashflow Finance
  • ABN AMRO Commercial Finance
  • Metro Bank SME Finance
  • Royal Bank of Scotland
  • Lloyds Bank Commercial Finance
  • Ultimate Finance Group

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

Our website uses cookies. For more information about managing cookies, visit our Privacy and Cookie Policy. Continue