Bibby Asset Finance solutions

Do you want to invest in new assets?
Do you need to unlock the value from existing assets to provide an injection of cash into your business?

Our Leasing, Hire Purchase and Re-financing solutions could help your business acquire the equipment you need to help you grow. It can be a smart alternative to other borrowing such as loans or overdrafts.

Key benefits of Asset Finance:

Relationship focused

Fast

Buy what you need today. Don’t wait until you’ve got cash

Flexible

Flexible

Option to return, extend or purchase at the end of the period

Cash efficient

Cash efficient

  • No upfront costs
  • Release cash from existing assets
  • Spread payments
Tax deductible

Tax deductible

Reclaim VAT and offset repayment interest against profit*

*Speak to your accountant or business advisor for advice on how this works.

We finance a broad range of assets, including hard assets such as vehicles, plant and machinery and over a hundred types of soft assets, for example, cleaning equipment, IT and software, AV equipment and scaffolding. We will fund assets up to the value of £5m.

Finding the right solution for your business…

Leasing

Acquire a new asset but don’t want to commit to ownership

  • You select the equipment and supplier then we buy the equipment on your behalf
  • We purchase the equipment and lease it to your business for an agreed term
  • At the end of the agreement, you either return or continue to use it for an additional charge
  • You ‘rent’ the asset rather than own it

Hire Purchase

Spread the cost of buying new equipment or machinery

  • You fix the cost of acquiring an asset and spread the cost over time. At the end of the term the asset is yours
  • You select the equipment and supplier then we buy the equipment on your behalf

Refinancing

Access cash by unlocking the value of your existing assets

  • Refinancing offers the best of both worlds because you can still use the asset in question at the same time as capitalising on a cash injection straight into your business
  • Refinancing is different to leasing and hire purchase because you are accessing funding via your existing asset

3 simple ways to get in touch today - let’s go!

Mobile phone

Call us today

CALL NOW
Chat

Chat Now

Computer

Make an enquiry

ENQUIRE

Meet the team

Bibby Asset Finance is part of Bibby Financial Services, one of the UK’s largest independent SME funders. We’ve been supporting businesses for over 40 years and combine experience with flexibility to tailor suitable solutions for your needs.

Brian Cartwright

Brian Cartwright

Director, Strategic Partnerships

Brian joined BFS in April 2022 with 28 years’ experience in the SME & Corporate Banking sector with roles including Head of UK & European Vendor Business (Bank of Scotland) and Regional Director for Corporate Asset Finance (Barclays).

Sean Taylor

Sean Taylor

Head of National Broker Sales

Sean, Head of National Broker Sales, joined BFS in January 2023 having begun his asset finance career in 2007. Responsible for leading the Sales team in developing long-standing relationships throughout the broker community, to successfully deliver asset finance solutions to UK SMEs.

Martin Bugden

Martin Bugden

Senior Business Development Manager

Martin has worked in the finance industry for the past 15 years in several organisations such as RBS, PCF and HTB. Martin has a unique insight into the asset finance world having worked for both funders and brokers. He now covers the South-East region having joined BFS earlier this year.

Allison Priestly

Allison Priestley

Vendor Business Development Manager

Allison has worked with Bibby Leasing for over 27 years in various roles. Most recently she has taken up the role of Vendor Business Development Manager within our Vendor and Strategic Partnership division listening to our introducers and client’s needs to deliver the right solutions for them.

Ian Story

Ian Story

Senior Business Development Manager

Ian has worked in the asset financing world for 24 years. He started in the leasing industry with specialist equipment brokerages, before moving to Bibby Asset Finance Ian was part of our vendor channel programme for several years.

Kaolina Kerr

Karolina Kerr

Business Development Manager

Karolina joined the Bibby Sales Department in early 2023, responsible for the North of England and Scotland. Karolina previously worked in the Asset Finance market for over 5 years. She is currently finishing her Diploma in Asset Finance at the London Institute of Banking & Finance.

Laura Jefferson

Laura Jefferson

Senior Business Development Manager

Laura is a BDM within our broker team, covering the North East and Midlands. Laura brings a wealth of experience in the asset finance sector having worked for a construction broker for 13 years before joining us here at BFS. She has excellent knowledge and skills on how to package deals together for both hard and soft assets.

Stephen Hynde

Stephen Hynde

Business Development Manager

Stephen has recently joined the team as a BDM covering the South West. With 20 years experience Stephen brings a wide range of knowledge both within financial services and the SME market, and is experienced in asset finance transactions from both the lender and borrower perspectives.

Michael Roper

Michael Roper

Broker Sales Desk Manager

Michael has worked in the Asset Finance industry since 2010, primarily funding assets in the materials handling sector, but also funding all sorts of other assets along the way. Michael is passionate about helping SMEs access the funding they require to grow.

How we have helped other businesses

We’ve been supporting businesses for over 40 years across a wide range of business sectors…

Product: Hire Purchase
Funding line: £170k
Sector: Packaging

We funded an office refit for a Southern-based packaging company relocating to larger premises. The £170,000 Hire Purchase facility was agreed over a 60 month term and included various items of furniture, conveyors and racking.

Product: Hire Purchase
Funding line: £330k
Sector: Welfare hire

We provided a Northern-based welfare hire business with a hire purchase solution to enable them to secure 10 new canteen space welfare units at a combined cost of £330k. We were able to offer them competitive terms, including a VAT deferral, which helped their cashflow model.

Product: Leasing
Funding line: £43.5k
Sector: Transportation

We provided a family run haulage business with a £43,500 Lease agreement, enabling them to upgrade an older trailer to a larger Faymonville 4 axle extending bed step frame trailer. Funding was requested over a 48 month period with a 10% deposit.

Product: Leasing
Funding line: £110k
Sector: Drainage

We assisted a long established drainage company based in the South with a £110,000 lease facility to purchase an articulated tipper truck. The facility was turned around for them in just 72 hours from the customer submitting the proposal to them receiving the funds.

Product: Re-financing
Funding line: £140k
Sector: Construction

We helped a Scottish based construction company raise additional funds for working capital by re-financing a number of dump trucks on a £140k sale and lease back facility.

Product: Re-financing
Funding line: £60k
Sector: Printing

We provided a £60k sale and hire purchase back facility to a printing business looking to raise a larger deposit towards the purchase of a bespoke liquid coating machine. Both the purchase and re-finance were funded, with the S&HPB element secured against an existing, unencumbered printing machine.

Get your cash flowing today by calling 0808 501 6462