Finance News

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Leasurope, the European Federation of Leasing Company Associations, is an association in the leasing and finance sector with 45 members across 33 countries. Each quarter of each year they produce their Leaseurope Index report, which surveys 17 volunteer members to analyse and track the leasing industry.
Recently they released their survey results for the first quarter (Q1) of 2015, and the results are very positive, with some figures being the highest ever recorded! All figures show substantial improvement on Q1 of 2014.

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When trying to find out the best way to fund your businesses expansion it can be difficult to work out the best way to get funding, often articles and reports can be contradictory and confusing. Even though headlines are saying that more money is being offered to SMEs through traditional banks, it can still be difficult to get quick and reasonable funding options.
Keeping ahead of your competition often means responding quickly to customer changes and making sure you have the most up-to-date equipment or changing your business décor. A quicker, simpler and more personal experience can be had from choosing a leasing option with Johnson Reed.

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A business will always have overheads such as rent, staff, and rates. Making sure these bills don’t get the best of you and keeping your cash flow under control can sometimes be difficult. Here at Johnson Reed we want you to succeed so we have come up with some simple steps of how you can keep control.
The future of your business depends on preparation. This is a key factor for your business to grow. Planning a business expansion or preparing to face stiff competition in your sector means investment. It can be easy to lose control of your cash flow when you don’t plan ahead.

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For over 15 years Johnson Reed have been helping our suppliers to grow and do more business. We are not content with just simply processing finance; we want to actively help them secure their orders.
Through our “Just Lease It” business plan we support our suppliers with dedicated account managers for each sector. We also offer a single point of contact from the initial enquiry to final payout, which increases the speed of acceptance and provides a smooth, easy transaction.

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We all know a business needs to make sales to survive; securing a client purchase is key. You can offer them discounts, extra help, free fitting or specific knowledge on the subject but if the buyers cash flow isn’t there you will run into issues.
But don’t worry, that’s where Johnson Reed can help you. Vendors who use financing as a tool can not only successfully gain a sale, but it can increase the amount of equipment purchased and even lead to repeat sales.

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In what is becoming a continued trend, fresh results from multiple sources are showing a continued cooling of SME relationships with traditional and high-street banks.

According to a Forum of Private Business (FPB) report, more than a third of small business owners describe their current banking services as “average”, with 16% concerned about getting finance from there.

The report also shows that 14% would like greater access to finance, with 12% wanting banks to take a greater proportion of risk associated with lending. The survey also shows a wider problem of a quarter of small businesses reluctant to seek alternative forms of lending.

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The Finance and Leasing Association (FLA) have released figures this month showing that new asset finance business for FLA members is on the rise in January 2014. The figures show that the increase is 9% to almost £1.7 billion, versus January 2013.

A lot of the important sectors to asset finance showed excellent double-digit increases (Jan 14 vs. Jan 13), such as…

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This year’s Budget came with it’s own slogan: If you’re a maker, a doer or a saver: this Budget is for you.

The Chancellor’s budget speech on Wednesday was an interesting one, with a few surprises (for pensions) and some big bonuses for UK businesses.

The changes benefitting SMEs will include:

The Annual Investment Allowance (AIA) is going to be increased to £500,000 until the end of December 2015, meaning businesses which purchase plant and machinery (but not cars) equipment will be able to take advantage of a 100% deduction of the cost up to that limit.

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Time is running out for businesses who operate in the consumer credit industry to make the switch from their old Office of Fair Trading (OFT) license to the new Financial Conduct Authority (FCA) interim permission.

The handover from the OFT to the FCA (the industry’s new governing body) will take place on 1st April, and any companies with old OFT licenses will find that they are no longer able to trade in this industry.

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It’s good news for the British public. The British Chambers of Commerce (BCC) lobby group has said that it believes the UK economy to return to the pre-recession peak by summer of this year. It claims that by April, the GDP will rise to the level of the start of 2008.

The BCC believes that the economic growth this year will be 2.8%, revised upwards by 0.1% from a previous estimate given. They also believe that the growth for 2015 will rise from 2.4% to 2.5%, and a growth in 2016 expected to be 2.5% also. The change is reported to be due to upward revisions to back data by the Office for National Statistics (ONS).