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Financing Options Expanded for Buying Bobcat Machines

Wider choice of 4 finance schemes for buying new Bobcat equipment Under a special promotion running to the end of December 2021, Bobcat is offering customers an expanded choice of attractive hire purchase financing options for buying new Bobcat loaders, mini-excavators and telehandlers. The roster of finance options in the

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Profits Slipped Announced Crest Nicholson

Crest Nicholson has announced that its pre-tax profits for the year ending October 31 2018 slipped 15% to £176.4 million, with the London sales and higher priced homes being the main challenges in the year. Revenue was up 9% to £1,136.1 million and unit sales up 3% to 3,020. “The

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Indigo Group Appoints New Finance Director

A Construction Industry Scheme contractor, Indigo Group, which specialises in the engagement of subcontractors, has appointed former practice accountant Liza Gratton as its Finance Director. Liza Gratton worked in the accountancy sector for 20 years and became a fully qualified accountant in 2005 after completing her professional exams with the

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Turner & Townsend’s Future is Bright with New Financial Package

Turner & Townsend, one of the UK’s leading professional providers of programme management, project management and cost management has successfully managed to confirm a financial package worth some £80m from three of the UK’s leading banks, namely: Royal Bank of Scotland, HSBC and Lloyds Commercial Bank. The announcement sits alongside

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Latest Issue

BDC 317 : Jun 2024

finance

Financing Options Expanded for Buying Bobcat Machines

Wider choice of 4 finance schemes for buying new Bobcat equipment Under a special promotion running to the end of December 2021, Bobcat is offering customers an expanded choice of attractive hire purchase financing options for buying new Bobcat loaders, mini-excavators and telehandlers. The roster of finance options in the special promotion now includes a new Seasonal Payments Plan launched by Bobcat. This adds to the Buy Now, Pay Later; 50% Half Price Rentals and 0% Over 3 Years plans also available in the promotion period. These finance schemes are attractive for customers in all markets, including construction, rental, agriculture, horticulture, waste, recycling and landscaping. “Particularly suited to seasonal industries such as agriculture and horticulture, the new Seasonal Payments scheme adds another financing option to the wide array available to Bobcat customers. This expands choice and helps new and existing Bobcat customers to develop their businesses, both to weather tough market conditions, but also to meet increased demand,“ says Hayley Quinn, Finance Manager for Doosan Financial Solutions EMEA in the UK & Ireland. A Choice of Four Different Financing Schemes Seasonal Payments Plan – Under this scheme, customers pay an initial 10% downpayment, followed by an agreed schedule dictated by the seasonal nature of their businesses of further payments over a 36 month period, based on a very attractive 0% interest rate. Buy Now, Pay Later – Complementing the seasonal payments scheme, this plan provides up to 180 days deferral on the first payment. This allows customers to generate profits from their new Bobcat machines, well before they need to complete their first instalment payment, with no downpayment and a 0.45% interest rate. 50% Half Price Rentals – Providing another level of flexibility, under the 50% Half Price Rentals finance scheme, customers pay a 10% downpayment, but then only need to pay half of the regular monthly hire purchase payments for the first 12 months of the plan. 0% Over 3 Years – Completing the choice of finance plans is a 0% interest scheme, with payments spread over 36 months and with a 10% downpayment. As with all the plans, the customer will own the equipment following the final payment. John Christofides, Regional Sales Director, Northern Europe, East Europe and CIS and Russia for Bobcat EMEA, added: “With the addition of the new Seasonal Payments scheme, we are providing our customers with even more answers for purchasing Bobcat machines, so they can ensure their businesses prosper and meet increasing demand as we come out of the pandemic. Our special finance schemes also provide our customers’ businesses with the flexibility they need to deal with ever changing market conditions.” All details and applications for the finance schemes are available via Authorised Bobcat Dealers in the UK. For more information about Bobcat and Bobcat products, visit the website www.bobcat.com

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Can the best small business loans help your construction company grow?

We usually fall into the trap of just trying to solve the next issue that comes in our construction business without trying to analyze why those problems arose. Sometimes it can be difficult to take the time to develop a refreshing plan to move our construction company in the right direction. Do you know where your business is going or if it is possible to continue growing? These questions can be answered easily if you think about the best small business loans available in the financial market. Defining a small business loan What is a small business loan? Knowing the correct answer is essential for all construction business owners. These ventures require a large physical space, equipment, and inventory, and you might not have money to buy all that. So, a small business loan can be the opportunity you are waiting for. Remember, you need money to make money. A small business loan is a credit borrowed by a business owner to obtain a sum of money from a lender which will be repaid (plus interest) over a certain amount of time. Fortunately, there are different types of small business loans, so you will surely find the one that is suited for your construction business. However, you should consider some factors that can have an impact on what kind of small loan you will be able to qualify for, such as, how fast you can pay it back, the amount of time your business has been on the market and your credit score, among others. How to apply for a small business loan When you’ve decided that a small business loan is a right fit for your business, keep these things in mind: Case study: how to make your business grow wisely If your final aim for your construction company is to grow, you cannot only depend on your good reputation and quality of your services as a constructor. You must realize that you need to use other strategies to meet your goals. That was what Gregg did, and the results were much better than expected. Gregg has had his construction company since 2012. He has coped with different kinds of situations in a very competitive market. He has been able to keep on business, but two years ago he realized that was the perfect moment to grow. At first, he felt a little bit lost, but he found the help he needed in a consultant group. They advised him to take one of the best small business loans available in the market. It was not difficult for him to get it because he complied with the lender requirements. The second step was to invest that money smartly. He invested in new equipment and new technology to stay up-to-date, but he also put money into an online marketing campaign to promote his business. He saw short-term gains and his client portfolio got bigger. If he had not applied for a small business loan, he would not have obtained those results. Small business loans are the best way to grow Have you ever thought about a small business loan to make your construction business grow? Would you like to hire the right people, buy new equipment and technology or move your company to a bigger physical space? There is an answer to all these questions: a small business loan. The only thing you must do is to check the requirements you need to comply to apply for one. This finance tool will give you the power to change your business present and future.

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Profits Slipped Announced Crest Nicholson

Crest Nicholson has announced that its pre-tax profits for the year ending October 31 2018 slipped 15% to £176.4 million, with the London sales and higher priced homes being the main challenges in the year. Revenue was up 9% to £1,136.1 million and unit sales up 3% to 3,020. “The business has had a good year operationally, with an increase in the number of new homes delivered. However, we have faced some challenges in London and with sales at higher price points where political and economic uncertainty has adversely impacted customer demand and this is likely to continue pending Brexit resolution,” said Crest Nicholson CEO Patrick Bergin. “Our forward sales are strong, boosted by our strategic partnerships and our new channels to market. Pricing is stable, build cost inflation has moderated and we have implemented plans to mitigate margin pressure, which will take effect progressively over the next few years. Our revised business strategy and focus on cash generation underpins our confidence in generating sustainable shareholder returns,” he added. In order to offset build cost pressures, Crest has taken a number of actions in its supply chain, as well as making improvements to build quality management and performance and investing to improve operational efficiency. The firm has developed a new range of designs for both houses and apartments which offer cost efficiencies through “some standardisation” making procurement and construction easier. The firm is also expanding its use of offsite manufacture (OSM), where house components, typically pre-insulated cold-rolled steel frames, are built in a factory and then erected on site. Looking ahead Bergin said that in the context of an unresolved Brexit, he expects the first half of 2019 to be difficult but that Crest is equipped to deal with any challenges it faces. “We are optimistic about the longer term prospects of the sector, we continue to remain vigilant and responsive. Our focus on the south of England housing markets remains a long-term strength, land remains in good supply and we have strong plans in place to meet the demand for affordable housing,” concluded Mr Bergin.

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Indigo Group Appoints New Finance Director

A Construction Industry Scheme contractor, Indigo Group, which specialises in the engagement of subcontractors, has appointed former practice accountant Liza Gratton as its Finance Director. Liza Gratton worked in the accountancy sector for 20 years and became a fully qualified accountant in 2005 after completing her professional exams with the Institute of Chartered Accountants in England and Wales (ICAEW). Liza has been member of the ICAEW for more than a decade. In recognition of dedication to the industry and continuing professional development, she is now recognised as a fellow member, FCA. After dedicating her early career to working in practice, Liza stepped into industry in 2012 providing accountancy and advisory services to range of businesses, but with focus on the construction and staffing sectors. Liza was appointed as Finance Director in July bringing a different dynamic and additional experience to the existing team of James Smith and Ian Cole-Wilkins. “The Indigo Group is at the start of its recently agreed 5 year plan. A plan that is set to see group turnover exceed £500m. Liza is vital to us delivering on this goal, her track-record in the sector is excellent and her accountancy skills beyond doubt, but it is her commercial appreciation and drive that sets her apart from many of her peers,” commented on the appointment Indigo Group CEO, Ian Cole-Wilkins. In preparation for leading Indigo’s financial team, Liza was invited to take part in the ICAEW Network for Finance Leaders (NFL) programme, designed to help participants understand and develop their strategic leadership style, generate new ideas and contribute to the growth of a business. Liza graduates from the programme in October. The Indigo Group has more than 40 years’ experience in the contracting, outsourced payroll and umbrella industries and provides end to end solutions for contractors, freelancers and agencies.  

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Turner & Townsend’s Future is Bright with New Financial Package

Turner & Townsend, one of the UK’s leading professional providers of programme management, project management and cost management has successfully managed to confirm a financial package worth some £80m from three of the UK’s leading banks, namely: Royal Bank of Scotland, HSBC and Lloyds Commercial Bank. The announcement sits alongside the £380m turnover company’s recent conversion into a limited liability partnership. As a company with a keen focus on investment back into the company, sources as Turner & Townsend highlight the importance played by such investment in the company’s ability to steadily grow its turnover over the last five years. As Vincent Clancy, Chief Executive of Turner and Townsend (pictured) noted that the recent developments will allow the company to: “Invest in our capability and to continue to transform our business to deliver better results for our clients.” The package, which Turner & Townsend has secured on a five year revolving credit, is aimed to facilitate the future growth of the organisations and will provide much-needed working capital. Key areas of investment for the organisation will involve the expansion of the company’s reach, geographically, and also in terms of services and its overarching capacity to deliver on them. The plans come at a time when the construction industry, in its present state, is considered to be performing well and will allow for Turner & Townsend to maximise on the opportunities presently available in the market. With keen backing from all three of the major banks, both confidence in Turner & Townsend, as well as the confidence it exudes, is considerable, with great anticipation for the future direction of the company.

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