customer faq's

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 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.

Supplier Finance is where a supplier uses an external partner to provide finance options to their clients, thereby making their sales process more efficient.

We have partnering with UK business equipment suppliers and providing finance to their clients for over 35 years. We have become both trusted and integral part of their sales process and most importantly have been proven to make a positive impact on their sales figures.

Working directly with their clients we quickly secure the funding for the equipment they are looking to acquire and once delivered we remit the funds immediately to the supplier.

Supplier finance is beneficial for both the buyer and the supplier.

Call us now on 0161 628 7008 to discuss working with us.

In order to do regulated business with Admiral Leasing & Loans you need to be regulated by the Financial Conduct Authority. Visit the FCA website for more information on this matter.
We do also offer non-regulated leasing options which do not require you to be regulated.

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 are always looking to work with more suppliers. To discuss how we can work together and the benefits of working with Admiral please call us on 0161 628 7008.

Supplier finance makes it easier for customers to buy from you. When working with the right partner you will see:

• ·An Increase sales and revenue
• Less discount
• Increased order value
• Quicker invoice payment

Contact us to find out more 0161 628 7008

We work quickly. Once we have all the information we need from the customer to make a funding decision we will get back to you and your customer with an answer within 24 hours, often the same day. We will also pay your invoice quickly.  As soon as the equipment is delivered we will conform with the customer and arrange payment – this is often on the same day as delivery.

ALL business critical equipment is considered including software.

We work with all types of businesses, as well as charitable and public sector organisations. Using our own funds as well as that of our funding partners, we can provide a wide range of financial services including Finance Lease, Hire Purchase, Equipment Refinance, Commercial Loans, Professional Loans, Merchant Cash Advance and also commercial mortgages.

We can consider proposals as low as £1,000 with no upper limit.

We like to keep it as simple as possible. Most of the information we need we take from the customer during a chat with them on the phone. If the customers business is established, they then simply email us copies of recent bank statements then we run credit searches where applicable, and pass to our in house underwriters for a decision. Where the business is new or very newly established, we may require personal bank statements and a business plan. More than anything we are looking to understand the customers business and make sure that they can afford what they are buying – as a responsible lender we do not want to over burden a customer.

The customer has full use of the equipment throughout the agreement and yes we can arrange perpetual use of the equipment in most cases.

From 12 months to 5 years on most equipment but some equipment can be leased for 7 years.

They may have a relationship with their bank but they will also have other commitments with them – loans or overdrafts. Banks are slow decision makers. Using Admiral means that you maintain control of the transaction and we can work with you and the customer to get a quick decision.

It’s simple; we obtain as much information from the customer to build up a picture of their business. Once we have the additional information we need, the customer will email to us so we can get out inhouse underwriters make a decision right away.

Most companies in the marketplace are brokers. We are a funder so we work quickly and flexibly to approve customers for finance. We integrate ourselves into your sales process and we decide who we lend to and on what terms. Approvals are swift and also payments on invoices are quick too – often happening on the day of delivery.

You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:
All leasing payments are rental payments and as such are an allowable business expense, therefore if a business is making money the profit can be reduced by the amount of the rentals paid each year, which in turn reduces its tax bill.
Payments are normally the same throughout the lease contract. This means that increases in interest rates do not affect the customer and so their cash budget can be utilised more effectively.
Leasing enables a company to protect its cash to use for other needs such as new stock, staff training, advertising, new business opportunities and unexpected expenses.

No.
Your monthly payment is fixed at the start of the lease and so is unaffected by interest rate rises. You can budget your cash flow more accurately. As inflation rises, because your payments are fixed, the cost of the equipment reduces in real terms.

A lease agreement is a contract between you, ‘the customer’, and a leasing company. This enables the customer to have and use a piece of equipment over a period of time on payment of rentals to the leasing company.
With a typical lease agreement, you make a series of regular payments (usually on a monthly basis), thus helping cash flow, as opposed to a large capital outlay for the equipment.
There won’t be a depreciating asset on your books, and can benefit from the tax advantages of paying a lease rental.

Yes.
Any business wishing to acquire capital equipment should look for the most tax efficient way to purchase.
All lease payments are treated as an allowable business expense and therefore attract tax relief for the full duration of the lease agreement. Your accountant will be able to confirm this.
The repayments on a lease are treated as a rental and therefore attract VAT. The VAT can be reclaimed for VAT qualifying business.
If the business is also making profit, then it will be paying tax on that profit. The repayments on the lease for the financial year can be expensed before the pre-tax profit is declared.
Even if a business is not profitable and cannot claim any tax benefit, the flexibility that a lease offers is sufficient justification alone for many businesses to choose this financing option.

No, unlike many companies in the marketplace, we can provide finance facilities for sole traders, partnerships, limited companies, PLCs and Public Bodies.

Yes, should a business wish to pay off the agreement early, a settlement figure can be provided at any time.

Absolutely yes.
We are licensed by the FCA.  We also comply with all current legislation under the Data Protection Act.

In order to do regulated business with Admiral Leasing & Loans you need to be regulated by the Financial Conduct Authority. Visit the FCA website for more information on this matter.
We do also offer non-regulated leasing options which do not require you to be regulated.

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.

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.

In straight forward cases, the same day as we pay the supplier or the customer.

Once in receipt of original, wet signed paperwork as part of the broker pay out pack, assuming everything is ok and it passes our checks, we aim to pay the deal out within 24 hours.

As well as financing business essential equipment, Admiral Leasing & Loans can provide businesses with funding for their quarterly VAT bills and corporation tax bills, as well as annual insurances and subscriptions.

Where a comprehensive proposal has been sent, you will usually receive a decision back from us within 24 hours.

Not always as every lending decision we make, considers, as a primary requirement, the ability for the business to take on debt and meet the obligations of a new finance agreement.