Savvy Retailers Tune into Finance Leasing Shop Fittings

Specialist shop fitters CASCO are helping retailers finance new shop fittings by way of specialist leasing finance. The leasing option provides 100% tax relief throughout the term making it more cost effective than buying equipment outright. CASCO are recommending Johnson Reed, a company who are able to set up finance almost instantaneously, even when other lenders have failed. Thanks to CASCO, the ‘cat is out of the bag’ and more retailers are waking up to this lesser known, but more cost efficient method of financing new shop fittings.

Applications can be approved within 4 hours when arranging a finance lease facility with Johnson Reed. Arran Standing of Worthing Aquatics came up trumps when Johnson Reed arranged lease finance for him. Arran is happy to explain, “I was struggling to raise capital from another finance company and from my bank. However, once I approached Johnson Reed everything begun to move swimmingly. CASCO and Johnson Reed turned it around amazingly quickly, the finance was soon in place and I was ready to place an order for our fantastic installation”. The store now looks brilliant with 9 new aquarium racks, 5 reptile display units and a plant display.

Lease rental is growing in popularity, as it’s the most tax efficient way to spread payments for shop fittings. Leasing payments are classed as an operating cost, which means greater tax advantages over outright purchase. CASCO and Johnson Reed provide a win win partnership for retailers who are quickly and cost effectively benefiting from top class shop fittings without struggling to find the money.  Unlike traditional banks, a lease rental arrangement is able to fund 100% of installation costs including shop fittings and refurbishment. When shops are re-fitted by CASCO, the impact on business is so dynamic that extra revenue quickly exceeds monthly leasing payments.

Johnson Reed chooses from a variety of lenders who pay CASCO directly for the goods and installation. The shop then pays a fixed payment over a fixed period of time. With leasing (as with a car), the lender officially holds the title of the goods until the end of the period, allowing the client to derive maximum tax advantages. When the leasing period is finished (e.g. after 3 years) there are options available so the shop can acquire title for a nominal payment.

Johnson Reed works with lenders who specialise in different areas. By matching the right lender for the specific kind of equipment being financed, the lender can be confident of selling the fittings to cover monies outstanding if payments are not met.

Leasing agreements with Johnson Reed are easy to apply for and fast to be approved. The leasing option is totally independent and will not affect existing bank or credit relationships. Monthly payments are fixed making it easy to plan your budgets.

Worthing Aquatics is just one of many business benefiting each year from new display aquarium and animal housing from CASCO.

* This service is applicable to the UK only.