finance

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Having successfully established his brand in Ruswarp, near the North Yorkshire seaside town of Whitby, Brian Moore has taken the plunge to open a second Mini Monsterz site, in Scarborough. He tells Indoor Play why now is the right time to expand and why he went back to previous partners to help facilitate the new site

When Little Hoppers closed its doors in Scarborough in April, it was the second of the town’s indoor play areas to shut in 12 months. Located in an industrial estate on the edge of the sleepy seaside resort, the 9,000 square foot facility was taken over on a 20-year lease and re-opened after a significant cash injection as the second in the Mini Monsterz stable of family entertainment centres.

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The quick assessment and treatment of animal injuries can often mean the difference between life and death. When dealing with big animals – such as horses – diagnosis can be difficult, costly, and (when using sedatives) sometimes itself dangerous.

Thankfully, science and modern technology have improved in the areas of field diagnosis thanks to an amazing concept: Infrared thermography (IRt). We’re all familiar with infra-red from innumerable TV shows and action movies, but this technology can be used for the more down-to-earth practice of identifying potential injuries in animals. The technology works by measuring the heat from animals – as determined by blood flow – which can be used to identify these possible injuries.

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Here at Johnson Reed we have an ideal that we live by: Common Sense Underwriting.

What does that mean? It means that we deal with all of our requests for finance with a common-sense approach when it comes to whether or not we provide finance to a would-be customer.

As part of this approach, we appreciate that often we get requests for finance for equipment and assets which are beyond the traditional scope of lending. Sure, we get a lot of gym equipment, catering equipment, kitchen refurbishments, that kind of thing, but we also get a lot of unusual things.

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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.

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AT LAST!! Common Sense in the Finance Market

Johnson Reed Chip Shop Finance are offering a full range of finance options tailored for the chip shop and take away industry. With the present economic climate combined with the reduced lending from the banks some companies are still finding it difficult to move forward when it comes to financing their new frying range.

Johnson Reed have 15 years of experience in helping companies gain the equipment leasing and hire purchase they need to expand and grow. With the backing of their own funds and access to 13 independent lenders, many of which are none high street names, they can provide maximum flexibility in terms of achieving acceptances and providing very competitive prices that will complement any existing banking relationship. Director, Mark Johnson commented; acceptance rates are currently running at a fantastic 92% and we can have decisions approved within hours!

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Just a quick update about a job we did a little while back.

We were approached by a Borough Council who asked for £30,000 of leasing finance to get an entire refurbishment for a gym, full of brand new equipment.

That was 8 months ago, and we’ve just been asked by the same council to help get even more finance for continued expansion.

We’ll keep you posted about new developments!

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When it comes to steak, there’s no bull at The Saracens Head Steakhouse! Run by couple Graeme & Rachel Fulton, The Steakhouse is a newly-refurbished and re-branded pub based in Stoke, with a growing reputation for the best steak around (if you don’t believe us, Trip Advisor gives them a 5/5 rating, and lists them as the 3rd best restaurant out of 267 in Stoke).

When we were approached to provide finance for a new kitchen refurbishment to replace their old kit, we were eager to get our teeth into the project and help The Steakhouse get their new place up to scratch.

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Niche Food & Drink Ltd are a brand new restaurant chain-to-be in the London Islington/Clerkenwell divide. Set up by two friends and marked by their unique twist on traditional British food, Niche are poised to be the next big cool-and-quirky thing in London’s food scene.

Niche’s new restaurant is based on Rosebery Avenue, and a quick look at their gallery makes the venue look like a place that isn’t to be missed if you love food!

All of this is why when we were asked to finance kitchen and refrigeration equipment, we were more than happy to oblige!

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At Johnson Reed, we are always active in the business and social marketing fields. After all, networking in the right quarters can be the source of much needed new contacts and business wins. So we’re pleased to report that we have recently teamed up with two associations in the catering world. We are now full … Read more

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There are in the region of 20 million micro, small and medium-sized enterprises in the European Economic Area. They are all recognised as being a major source of employment and innovation, and their collective contribution to a country’s GDP cannot be underestimated. But what exactly is an SME? According to EU law, SME stands for … Read more