The numbers add up with this IT finance deal

Johnson Reed
2m read

GGI Office Furniture are one of the most respected and well-known brands of office furniture in the UK. There’s a chance you’re sitting on one of their chairs right now!

Ever keen to continue providing the best service to their customers, GGI contacted Johnson Reed about helping to secure the finance for a new software accounting package and new IT hardware (including brand new desktops and servers). We were able to secure £60,000 worth of equipment finance for GGI to overhaul their ageing IT systems, based on a fixed repayment deal.

We were able to finance the total solution for our client, which was agreed within 38 hours of receiving the company information. We utilised our Tier 1 funder to secure marketing-leading range of IT hardware and software, an option which will benefit GGI greatly as it means that the finance will be tax-deductible and at a fixed rate throughout the term.

GGI have been able to spread the payments over a 4 year period with no upfront deposit required, leading to a nominal monthly payment, without affecting their existing banking or credit lines!

We are also delighted to report that we support our customers wherever possible, and once we realised they manufacture market-leading office furniture, the Johnson Reed office is now sporting new GGI operator chairs!

Peter Schofield, Financial Controller at GGI, told us:

Johnson Reed have recently assisted us with the finance of two major projects: a complete new IT System incorporating hardware and software, and new Production Equipment. I found their service to be of the highest calibre and their options of finance very flexible and competitive. There was a seamless line of communication and the complete transaction went extremely smoothly between all parties. I would have no hesitation in recommending them.