Specialist
Factory Finance
For buying and refinancing factory equipment and assets
For buying and refinancing factory equipment and assets
Factories are at the heart of the UK's manufacturing sector, driving economic growth and innovation. However, maintaining and expanding these vital operations often requires significant capital investments in machinery, equipment, tools, and other essential assets. This substantial financial burden can hinder growth and competitiveness.
At Clifton Private Finance, we understand the unique challenges and opportunities faced by factory owners and operators. Our factory finance solutions empower you to acquire the assets you need while preserving your liquidity and cash flow. Our comprehensive range of financing options spans asset finance, leasing, business loans, commercial mortgages, and government-backed schemes, ensuring that every aspect of your factory's requirements is covered.
Read on to learn more about our tailored solutions and how we can support your journey towards operational excellence and sustained profitability.
Asset finance is a fundamental pillar of our factory financing solutions at Clifton Private Finance. It allows you to distribute the cost of acquiring essential machinery, tools, vehicles, and other assets over a manageable timeframe, typically ranging from 12 to 60 months. This strategy enables you to invest in cutting-edge technologies without draining your working capital, enhancing your factory's capabilities and potentially boosting productivity and revenue streams.
We can facilitate two primary asset finance options tailored to meet your unique needs and preferences:
A hire purchase agreement grants you immediate ownership of the assets you require, such as CNC machines, industrial robots, or material handling equipment. An initial deposit, usually ranging from 10% to 20% of the total cost, is followed by fixed monthly instalments. Upon completing the payment term, you attain full ownership of the assets, enabling you to claim capital allowances and potentially reduce your tax liabilities.
Leasing provides a flexible alternative where you pay a monthly rental fee to use the assets for a predetermined period, typically between 12 and 60 months. This option is particularly beneficial if you foresee the need for regular upgrades or prefer lower initial expenditures. At the end of the lease term, you can choose to purchase the assets for a nominal fee, extend the lease, or return the equipment.
While asset finance is a vital component of our solutions, we recognise that factory owners and operators may require additional funding for various purposes, such as launching new facilities, acquiring or developing properties, or financing expansions. To cater to these needs, we offer a comprehensive range of financing options, including:
Secure the capital you need to launch a new factory, fund renovations, cover operational expenses, or expand your manufacturing capabilities with our flexible business loan solutions.
Whether you're purchasing an existing property or constructing a new facility, our commercial mortgage options can provide the necessary financing to secure the perfect location for your factory.
If you're embarking on a new construction project or undertaking significant renovations, our development finance solutions can support you throughout the entire process, from land acquisition to completion.
Factory assets encompass a wide range of specialised equipment, each playing a pivotal role in maintaining efficient and productive operations. From cutting-edge CNC machines and industrial robots to material handling systems and precision measurement tools, every component contributes to the overall success of your manufacturing facility.
When installing factory assets, several factors must be considered to ensure optimal performance, worker safety, and compliance with regulations:
The budgetary requirements for factory projects can vary significantly, influenced by the scale, complexity, and industry-specific needs of your operation. For modest setups focused primarily on asset acquisition, costs could range from tens of thousands of pounds upwards. However, for large-scale, state-of-the-art facilities with advanced automation and cutting-edge technologies, budgets can easily extend into the millions.
At Clifton Private Finance, we possess the expertise to handle all types of finance pertinent to the manufacturing industry. Our comprehensive suite of solutions includes business loans, commercial mortgages, development finance, and our specialised asset finance offerings. We encourage you to initiate a consultation with our team, allowing us to assess your unique requirements and objectives. With a clear understanding of your vision, we can expertly guide you through the most appropriate financing pathways, ensuring a seamless journey from conception to realisation.
In addition to our comprehensive financing solutions, the UK government offers various schemes and grants to support businesses, including factories, in acquiring new equipment and assets:
Our team at Clifton Private Finance can guide you through the eligibility criteria, application processes, and terms and conditions of these government-backed schemes, ensuring that you maximise the available opportunities to support your factory's growth and development.
Financing your factory's assets and projects offers numerous advantages, including:
While factory finance offers numerous benefits, it's important to consider potential drawbacks, such as overall costs due to interest and fees, contractual obligations, maintenance requirements, and early termination penalties.
The amount you can borrow through a business loan for your factory venture depends on factors such as your credit history, income, business plan, and the lender's criteria. Most lenders offer loans ranging from a few thousand pounds to several million, enabling you to fund startup costs, operational expenses, or expansions.
Absolutely. Most asset finance and leasing options allow you to include the installation and setup costs as part of the total financed amount, ensuring a seamless process without additional upfront expenses.
To be eligible for factory financing in the UK, you typically need to be a resident over 18 with a valid bank account, a good credit score, stable income, and a solid business plan. Lenders may also require documentation such as proof of identity, address, income, and business ownership.
Depending on your finance agreement, you may have the option to upgrade your factory equipment during the finance term. This flexibility is particularly beneficial as technology advances or if
At Clifton Private Finance, we understand the unique challenges and opportunities that factory owners and operators face in the dynamic manufacturing industry. With our extensive expertise and in-depth industry knowledge, we are well-equipped to guide you through the intricate world of factory finance.
Our services encompass:
Don't hesitate to contact our team of experts at Clifton Private Finance to discuss your factory financing requirements. We are dedicated to helping you acquire the assets, equipment, and resources necessary to power your manufacturing operations while ensuring financial stability and sustainable growth for your business.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
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I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
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You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
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I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
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Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
