Specialist
Batching Plant Finance
For buying and refinancing batching plant equipment & machinery
For buying and refinancing batching plant equipment & machinery
Batching Plant Finance is a tailored form of asset finance that allows companies in the construction sector to acquire or lease batching plants. A batching plant is a piece of equipment that combines various ingredients to produce concrete, which is essential for construction projects. It includes mixers, silos, conveyors, and control systems to efficiently produce high-quality concrete.
This type of finance is crucial for businesses looking to expand their operations without the burden of significant upfront costs. By spreading the expense over a period, usually between 12 and 60 months, firms can maintain liquidity and direct funds to other critical business areas.
The main financing options for batching plants are hire purchase and leasing, each with distinct advantages depending on your business objectives.
The process for obtaining Batching Plant Finance mirrors the general approach to asset finance. Here are the steps:
Choose the right batching plant: Assess various batching plants to find one that meets your production requirements and budget. Whether you opt for a new or second-hand plant, it must meet the necessary quality and safety standards.
Consult a specialised finance broker: Engage with a finance broker who has expertise in batching plant solutions, like Clifton Private Finance. We can provide access to a network of lenders with competitive rates and flexible terms designed for Batching Plant Finance. We'll also offer advice on the most appropriate finance option for your needs and help with the paperwork.
Secure approval: Once you’ve chosen your batching plant and broker, you’ll need to present information about your business’s financial status. This includes trading history, turnover, bank statements, and credit score. The lender will review your application and decide on your eligibility for Batching Plant Finance. The time frame for approval can vary, depending on the lender and the complexity of your application.
Installation of your batching plant: After approval, you’ll sign the finance agreement and arrange for the installation of your batching plant. You can then integrate it into your business operations, keeping to the agreed payment plan. It’s crucial to adhere to the terms of the contract, which include maintaining and insuring the plant, as well as reporting any operational issues or damage.
Batching Plant Finance provides several key advantages for businesses in the construction industry:
While there are many benefits, potential drawbacks include:
Eligibility for Batching Plant Finance generally includes:
Typically, you can finance up to 100% of the batching plant’s value, depending on your financial standing. Hire purchase may necessitate a deposit, which could affect the total finance amount.
The timeframe can range from a few hours to several days, influenced by:
Yes, ancillary costs such as installation, operator training, and servicing are typically included in the finance package.
Lease payments for batching plants are often tax-deductible, which can provide financial advantages over purchasing the equipment outright.
Leasing agreements usually offer flexibility to upgrade equipment, which can be beneficial for keeping up with the latest technology or expanding capacity.
In need of batching plant finance or leasing?
We can help you:
And when we’ve established the best type of finance for you, we will:
Call our team on 0203 900 4322 to discuss your requirements or book an appointment.
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.
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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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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.
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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
