customer faq's

We have been providing business finance for our clients for over 35 years. We are well respected within the industry as a funder and also a broker. We are fully authorised and regulated by the FCA. Our license number is FRN 700142.

Getting started with Asset Finance is simple. We are happy to explain just how simple this is and also get a better understanding of your requirements.

You can contact Sophie or Laura in our direct business team on: 01865 639 920

Or email them at: s.carter@admiral-leasing.co.uk / l.aldridge@admiral-leasing.co.uk

Alternatively, you can use our live chat facility or email us at info@admiral-leasing.co.uk

A Finance Lease (or leasing) is a form of Asset Finance. With a Lease, we will purchase the asset from your chosen supplier and then lease it back to you. In return you will pay us and agreed monthly rental and whilst we “own” the asset you use it within your business as if it was your own.

At the end of the Finance Lease agreement we can arrange for you to retain the equipment in your business.

Many businesses that have the cash available to purchase an asset opt to use a Finance Lease opposed to an outright purchase, recognising the benefits of retaining cash, making payments that are unaffected by interest rates and also being able to offset 100% of their lease payments against any pre-tax profits.

You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:

 Leasing payments are an allowable business expense, therefore you can deduct 100% of the lease payments against your pre tax profits, which in turn reduces your tax bill.

Payments are fixed throughout the lease contract, which means that increases in interest rates do not affect you, and your cash budget can be utilised more effectively.

Leasing enables you to protect your cash to use for other business needs such as new stock, staff training, new business opportunities and also unexpected expenses.

Hire Purchase is a form of Asset Finance. Along with the initial deposit (or first payment) the total VAT is usually paid upfront. Following this monthly or quarterly Direct Debit payments are made for a fixed period and at the end of the agreement an agreed nominal sum is paid to transfer ownership of the asset to your business.

With a HP agreement you may be able to capitalise the asset in your accounts and claim full capital allowances. The agreement is fixed term and also at a fixed rate of interest.

We can arrange finance for all types of organisations from new starts to well established businesses. We finance all types of business assets and equipment including vehicles and our finance is available over 1 to 7 years depending on the asset you are looking to finance. We also offer professional, tax and commercial loans that can be used for cashflow, stock purchase, renovation work, extensions etc and these are available over periods as short as 3 months right up to 5 years.

Once we have all the information we have requested from you, we will do the relevant credit searches and pass the file through to our credit team. Typically, for straightforward deals under £20k we should be back you with a decision in under 6 hours. Larger and more complex deals should be turned around within 24 hours. We will communicate with you and let you know of any delays if they arise.

We simply need to check all the details we hold on file are correct and depending on when we approved your last facility we may need to do another credit search and may need so additional financial information.  We also just need to know the reason for the additional finance and if it is an equipment purchase we simply need to know what the equipment is and who is the supplier.

Yes we can arrange Commercial Loans for established businesses. These can be used for cashflow, stock, training, building works, refurbishments, expansion within the business. We can arrange Commercial loans up to £500k from between 1 and 5 years. We can also arrange shorter term VAT and Tax loans for periods from as small as 3 months.

Yes we can finance vehicles. Whilst we don’t source vehicles we can arrange the finance of a vehicle you are wanting to acquire. Please call us on 01865 639 920 to discuss your specific requirements or simply get a more information about what we can offer.

Leasing is wholly allowable against pre-tax profits and can work out to be cheaper than a cash purchase.  Rentals are classed as a business expense and are paid from pre-tax profits. Your accountant or financial advisor would be best placed to advise you of the tax advantages specific to your business.

We do arrange funding for new start businesses. With any finance application we look to understand the business and the individuals behind the business along with their funding needs. In addition to this we need to have some financial information in support of the application, and this is usually copies of some recent business bank statements and sometimes a copy of a full set of the last files account or tax return.

Our finance is tailored to the needs of your business, so once we have an understanding of your funding requirements, we can advise you of the specific information we will require to move your application forwards.

Please call us on 01865 639920 to discuss any funding requirements you may have.

We fund the majority of deals using our own funds, with a few funded via our external funding partners so it is very unlikely that your lease would affect other credit lines you may have.

We have been providing business finance for our clients for over 35 years. We are well respected within the industry as a funder and also a broker. We are fully authorised and regulated by the FCA. Our license number is FRN 700142.

We have been providing business finance for our clients for over 35 years. We are well respected within the industry as a funder and also a broker. We are fully authorised and regulated by the FCA. Our license number is FRN 700142.