Financial Services

CLOSE BROTHERS COMMERCIAL FINANCE REFINANCE SOLUTIONS OFFER QUICK ACCESS TO WORKING CAPITAL

In 2008, Close Brothers Commercial Finance opened its doors in Ireland during the financial crisis. We were able to help businesses across the country, and our prudent approach has proved equally useful in today’s challenging market. Throughout the COVID-19 pandemic and Brexit, the we have continued to provide specialist finance to companies of all sizes.

As part of a merchant banking group, we offer a range of funding options in Ireland, including invoice finance, asset based lending and asset finance. Over the course of the last 24 months or so, asset finance has proved to be especially popular with SMEs battling with challenging market conditions. REFINANCING SOLUTIONS

Refinance, for example, can provide a lifeline to businesses who need to access capital quickly. It releases capital tied up in assets, such as vehicles and equipment, improving cash flow immediately without disrupting work. Close Brothers Commercial Finance’s refinancing solutions work simply. Working capital is released against the value of assets on your balance sheet and you lease them back over an agreed period. This means that you can continue to access and use essential vehicles and tools while benefitting from a cash lump sum. Our agreements are designed to adapt with your business. We can arrange for repayments to match income patterns, such as seasonal peaks and troughs, and if you already have agreements in place, we can refinance existing debt to reduce monthly outgoings and ease cash flow. The Close Brothers team has comprehensive knowledge of the different industries and extensive experience providing sustainable funding. We aim to give businesses growth opportunities. We can help you find an affordable way to secure the new assets you need to grow by arranging a bespoke refinance package. We offer a flexible range of financing options tailored to your needs. CLOSE BROTHERS

Close Brothers is a merchant banking group providing lending, deposit taking, wealth management services, and securities trading. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250. Our core purpose is to help the people and businesses of Britain and Ireland thrive over the long term. To achieve this, all of our diverse, specialist businesses have a deep industry knowledge, so they can understand the challenges and opportunities that our customers and clients face. We support the unique needs of our customers and clients to ensure that they thrive, rather than simply survive, whatever the market conditions. Visit our website to find out more: https://www. closecommercialfinance.ie/

TAILOR MADE ASSET FINANCE OPTIONS FROM KANE FINANCIAL SERVICES

They say ‘Cash is King’ and certainly a healthy cash flow is vital to operational success, but the purchase of any asset can put a strain on business, so spreading the cost with Asset Finance along with structured repayments to free up much needed cash flow is certainly worth looking at.

All businesses, of course, have different needs at different times, so when it comes to financing your next big purchase you need to source an asset finance provider that can come up with flexible and tailor made solutions. From straight forward hire purchase packages to finance or operating lease solutions, asset finance has become one of the fastest growing finance options for all sizes of businesses, so there are plenty of providers to chose from, but choose wisely. Which brings us to County Down based Kane Financial Services Ltd. Based in Comber, near Newtownards, Kane Financial Services Ltd is an independent asset Finance Broker with over 40 years’ experience in providing financial solutions across a wide range of sectors, including the construction industry where there is increasing demand for new plant and machinery as the economy picks up. Acquiring that equipment, of course, can put a strain on any company’s cash flow, but that can be alleviated with a tailor-made asset finance package. As established, reputable and highly experienced Finance Brokers, Kane Financial Services provide a comprehensive range of asset funding options at competitive and attractive rates that can help spread the cost and keep a healthy cash flow. Comments the company’s Managing Director Ken Finlay: “Our aim is to provide customers with the funding product that best suits their specific requirements to acquire the assets they need.” PERSONAL & FLEXIBLE

What sets Kane Financial Services apart is their personal approach and being flexible in dealing with clients. “Not all of our clients can set aside time during their working day to discuss what finance options are available to them, so we are happy to sit down with them after hours in the evening when it is more convenient; we find that approach is much appreciated. It works for our clients and it works for us.” Other funding options available from Kane Financial Services include Hire purchase, an arrangement that allows you to decide whether or not you want to retain your purchase at, or before the end of the agreement. “We offer flexible terms for our hire purchase arrangements, including letting you choose the size of your deposit, and enabling you to reduce instalments by repaying a final lump sum, or balloon payment.” Leasing is another alternative method of funding. An operating lease, for example, is essentially a method of renting an asset for your business over a short or medium period of time, where the customer doesn’t take on the risks and rewards of owning or maintaining the asset; it’s much the same as contract hire, but each option has different advantages and disadvantages. Yes, it can be a bit daunting when deciding on what funding route to take, which is why you need to take expert advice before committing yourself and your business, and at Kane Financial Services you will find a flexible team of approachable professionals who are efficient, personable and understanding, so whatever your needs they’ll be happy to guide you in the right direction.

Ken Finlay.

www.kanefinancialservicesltd.com

WALBROOK ASSET FINANCE PARTNER AGD EQUIPMENT TO FINANCE CONSTRUCTION ASSETS

Walbrook Asset Finance has partnered with AGD Equipment to finance some of its key construction assets.

Walbrook Asset Finance specialises in providing finance, hire purchase and operating lease financing to the construction, demolition, transportation, logistics, mining, manufacturing and other sectors. AGD Equipment is a wellestablished family-owned UK business serving the construction, civil engineering and ground engineering industries with specialist equipment hire. AGD’s rental fleet comprises 100 items of specialist equipment including lattice boom crawler cranes, telescopic crawler cranes & piling equipment available for hire with experienced and directly employed operators. AGD required finance for six Sennebogen 673R telescopic crawler cranes for major projects in the UK. Crawler Cranes are specialist and expensive pieces of construction equipment that need to be ordered well ahead of deployment. The equipment often comes from non-UK sources, paid for in different currencies and with substantial lead-times. With their flexible approach to creating lines of funding, Walbrook Asset Finance was able to supply structured finance for AGD to secure the cranes from their German supplier within a critical timeframe. The process was hassle-free, allowing AGD to plan for currency movements and delivery. AGD has long-standing relationships with their key customers; they needed a reliable partner that understood their company, the equipment they provide and the timescales they work to. Walbrook Asset Finance builds relationships with manufacturers and equipment suppliers to provide finance for their acquisition of equipment for purchase or hire, developing preapproved finance arrangements that allow the client to draw down funds when needed, increasing business efficiency and reducing delivery times. The partnership was a natural fit. Robert Law, MD of AGD Equipment said: “In our business we rely on trusted suppliers of both equipment and finance. Working with Walbrook Asset Finance was a hassle-free process; their ability to offer flexible lines of credit in a timely fashion allowed us to access the funds we needed to secure a substantial order in time for our hire clients to start construction.” Chris Smith, Head of Sales at Walbrook Asset Finance said: “We are delighted to be working in partnership with AGD Equipment. We have been given the opportunity to help their business grow and help them to expand their extensive fleet of premium construction equipment for hire. “The relationship with AGD is the beginning of an excellent partnership between two businesses that understand the complexities of doing business in the UK construction industry. We are always keen to be involved from the earliest stage of planned acquisition of assets. “We understood very well the complexity of the finance for this transaction, dealt with it swiftly and efficiently using our in-house finance experts and we look forward to assisting with future acquisitions.”