WAREHOUSE FINANCE
These are unprecedented times, and UK businesses are under extreme economic stress – as if the pandemic hangover was not a heavy enough burden to bear, the UK now has one foot in a recession whilst navigating a global energy crisis, rising poverty, and much of the public sector voting in favour of strikes. Whatever happens, at the very least, it is predicted that business owners will, understandably, adopt somewhat cautious postures as we head into another year of economic uncertainty.
So how do businesses continue to thrive during periods of economic instability? One-off the primary ways to ensure your growth strategy remains on track is to finance it. 82% of UK businesses’ capital expenditure (under £10,000) is financed, yet despite this, the perception of debt is often negative. Many assume that taking on debt is poor business practice and disastrous for the commercial world.
The success of any enterprise hinges on more money flowing in the out; the common misconception is that financing tips this balance in the wrong direction. In reality, responsibly managed debt is integral to the engine that drives economic growth and can help your business to increase its profitability in the short and long term.
In 2022, Nene Warehouse Solutions partnered with Origin Finance, an independent Northampton-based financial broker specialising in Fit-Out warehouse finance. Our partnership with Origin gives our clients exclusive access to competitive finance options. Whether you are a Blue Chip, SME, or Start-up business, seeking finance could provide you with the advantage that your business needs to thrive.
Who are Origin Finance?
Like Nene, Origin Finance operates like a family and prides itself on doing things differently. They are determined to break the mould of how businesses connect with lenders and change the negative perceptions of commercial finance.
Their team – comprised of commercial finance veterans – are committed to supporting and educating businesses. They advocate clear, simple, and transparent practices over computer algorithms, complex financial jargon, and the hard sales often associated with the financial sector.
With Origin being financial brokers (not lenders), they can save you a huge amount of time and effort. You only need complete one application; Origin will explore the market on your behalf. They’ll liaise with the lenders, prepare the finance proposals and complete the necessary documentation, so you don’t have to!
What is Fitout Finance?
Fitout finance covers several lending options: Hire Purchase, Finance Lease, or Business Loan. It allows businesses to carry out installations (or Fit-Outs) without the large outlay and spread the costs over several years with manageable monthly repayments.
For example, you may be looking to install additional storage solutions, re-configure your existing warehouse, or purchase new premises. These measures will undoubtedly allow you to expand your operation, but before you can position yourself to gain from this type of investment, you must first overcome the – often prohibitive – upfront costs involved in such large-scale projects.
Finance allows you to break up those intimidating lump sums and spread them over fixed manageable monthly payments (unaffected by rising interest rates or inflation). Allowing you to retain your working capital while simultaneously benefiting from your investment. Origin is on hand to support you throughout the agreement – meaning you can focus on running your business without getting tangled up in red tape!
Benefits of Finance
Quicker Return on Investment
Finance is a great facilitator of growth. It gets your investment working for you immediately, paying for itself rather than having to recoup a sizeable outlay.
Tax & VAT Benefits
A hidden benefit of finance is that interest paid on loans is tax-deductible. Additionally, while VAT is recoverable, the initial payment of VAT can place additional pressure on your cash flow. Origin can defer your VAT payments, giving you more time to pay while incurring no extra cost.
Flexible
Origin offers flexible payment terms, with monthly (or quarterly) repayments over periods of 3-5 years. If your business is seasonal, Origin can arrange seasonal repayments where your pay during your busier months and less in your quieter months.
Credibility
Building a healthy credit profile will expand your credit facilities and improve relationships with financial institutions – making it easier for you to seek finance in the future. If it’s your first time applying for finance (or your business has a weak credit rating), Origin can support your application. Giving you the best possible chance of securing an agreement tailored to your needs.
Finance Brochure
Download our Finance for more information on our finance options, and see how this can benefit your business.
Speak To The Experts
During the pandemic, Nene Warehouse Solutions remained fully operational as key workers. We’re proud of the service and support we were able to offer our clients during such a turbulent time, and we hope to deliver the same level of support throughout this period of economic uncertainty. We believe that, together with Origin Finance, we can help our clients not only survive the upcoming storm but actually flourish.
If you have an upcoming project and wish to discuss your finance options, you can contact Origin Finance today. Their expert team are on hand to support you throughout the process and untangle the red tape on your behalf!