Case Study: Glass Replacements snub the banks in favour of Johnson Reed Finance

Johnson Reed
2m read

When it comes to raising finance quickly and easily, there’s a better way than putting up with the hassle of negotiating with banks. Talk to Johnson Reed.

That’s what Glass Replacements did. They’re a family run business based in Coventry, and supply both trade and the public. They produce everything from sealed units to kitchen splash backs, and even creative leaded-light work. When they decided to upgrade their equipment, rather than go down the usual route to the high street bank, they decided to use Johnson Reed Glazing Finance.

After seeing Johnson Reed’s adverts and reading their articles running in the glazing press, they decided to give them a call. Owen, Neil and Ashley Gibson, who run Glass Replacements, were very happy with the service provided by Johnson Reed, and particularly the tax savings it provided. “It was very quick and simple, and we received help and advice throughout the process, as well as keeping us updated, making a refreshing change from the bank”.

The equipment was supplied by Edgetech, who were also impressed with Johnson Reed’s understanding of the sector, rather than just being interested in ratios and finance numbers. “The process was very easy, and they quickly came back with an acceptance. We followed their instructions and were paid very quickly. We can’t fault the service and would be happy to use them again”.

Glass Replacements can now move forward with their new air table and ancillary equipment. The whole process was quick and efficient, and also gave the company the added benefit of tax savings. From the supplier’s point of view they were able to help out a customer via a finance package that was tailor-made for both companies, rather than a fixed finance package that they would all have to conform to.

Understanding the glass and glazing market is the key to the success of Johnson Reed’s Glazing Equipment Leasing. In this case they treated each company, whether supplier or customer, as individuals, with their own unique needs. With the economic climate still looking bleak, it’s reassuring to know that there is an alternative to the high street bank. An alternative that is definitely on your side.