Ask the experts: CLOSE BROTHERS

Hall 4, Stand J77 and use that value elsewhere within a business – for example, to fund a deposit on new equipment or ease cash flow.

Sale and HP back: Sales and HP Back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes, including sole traders. It works by the lender purchasing the asset and financing it back to the borrower. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, the borrower owns the asset.

Finance lease: Finance Lease lets the borrower use the equipment without having to buy it outright. Rent is paid for the full use of the asset and the rental period is flexible and can be tailored.

During this period, the borrower pays the full cost of the asset, including interest and when the end of the primary lease term is reached, the borrower can choose to continue to use the asset by entering a secondary rental period; sell the asset and keep a portion of the income from the sale, or return it to the lender

Operating lease: Operating lease is a type of asset finance where the borrower rents the asset for a short period. At the end of the lease term, the borrower can choose to either return the asset or continue leasing it.

Who are you and what do you do?

Summit Systems is a leading provider of plastic processing solutions in the UK and Ireland, with over three decades of experience in the industry. We have introduced various ground-breaking technologies such as the Gravimetric Blender and Vacuum Drying into the UK plastics market, which have both seen significant growth over the years, saving customers countless production hours and drastic energy savings.

What innovations will you bring to Interplas?

One of our focuses this year is on the progress and development of vacuum drying technology. Historically, vacuum drying was only available for mass production, but now it can be used on a smaller scale for standard production. This unique vacuum technology has really taken off, with many of our customers already benefiting from this advanced technology. Additionally, we will be showcasing our industry 4.0 integration and supervision systems, which offer innovative and advanced features to our existing product offering.

Hall 3A, Stand BB10