Since 2020 the construction industry has seen positive growth and although there will be challenges ahead, it is expected to capture further growth potentials in the next 24 to 48 months. With more construction sites being developed there is likely to be a surge in demand for plant and heavy machinery. The issue many construction…
read moreUnderstanding and translating key financial acronyms can be challenging. We have taken some of the most common ones and offered some simple translations: LTV = Loan to Value The percentage of any loan outstanding in comparison to the value of the asset. GDV = Gross Development Value The projected value of a property once construction…
read moreBusiness car finance enables companies to purchase new vehicles, without having to fund the total amount of the purchase upfront. Whether it is a company car upgrade, a brand-new vehicle requirement or a new fleet of vehicles, there are currently some excellent finance deals available. There are several solutions available: Contract hire enables a business…
read moreAsset funding in simple terms, describes a type of funding that can be used for purchasing a new business asset. It can be used for either acquiring a new asset or for raising finance against an asset which the business already owns. It can be broken down in to 2 specific categories, hire purchase and…
read moreA fixed business asset is something that is purchased for long term use and can include property, equipment and land – all of which are used for operational purposes to generate future income. Key facts about fixed assets: Any fixed asset will provide a long-term financial benefit to a business and from an accountancy perspective…
read moreA commercial vehicle is, as the name suggests, any vehicle that is used for business purposes. This could include cars, vans, buses, HGV’s and agricultural vehicles. When the need for a commercial vehicle has been identified the biggest decision is what type of finance can be used for the purchase. The three main types are:…
read moreWe all need a little cash flow boost every once in a while and there are some great finance deals available for the construction sector. Both
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