How monthly costs reduced by £500 as a result of financing assets rather than hiring using a third party.
Motion Scot Construction Services is a family run Glasgow based company specialising in all aspects of groundworks and reinstatement. The client approached Breadalbane to finance two excavators using asset finance which they were currently hiring.
As the client was a new start business and in their first year of trading, they used hire companies to help establish their company. The main outlay was the hire of both vehicles and plant to meet their contract obligations. However, this approach was ‘very costly and unsustainable over the long term’.
Breadalbane’s proven track record and knowledge of this industry, coupled with their extensive funder panel resulted in an asset finance deal being completed quickly. The team explored all options and agreed with the client the best deal for their business.
By securing finance, the client saved over £500 per month as a result of moving away from a hire model. This saving could then be used to further business growth.
Contract obligations can now be met quicker as the machines are at the client’s disposal rather than being restricted to vehicle hire waiting times, meaning that the client can respond to changing market conditions and take advantage of growth opportunities.
What The Client Said
“Being a groundwork and utility company only recently established in 2019, our main outlay was the hire of both vehicles and plant to meet our contractual obligations. As a young company we appreciate the support of the hire companies to help establish ourselves, however we saw it very costly and unsustainable over the long term.
With the help of Jonny at Breadalbane, we were able to turn our costly overheads of vans and excavators into value added assets to our company, and in turn reduce monthly running costs. He discussed all options available to us, as well as providing his professional opinion on the product that would best suit our business.
I would highly recommend Breadalbane and look forward to working with Jonny again on our next purchase!”
What is Asset Finance?
Free up your working capital by spreading the cost of new or second-hand asset purchases or leverage the equity in your existing assets. Whether it’s equipment, machinery or vehicles, we’ll find the best option to suit the scale of your operations and the flexibility you need to meet customer demand.