Finance

If you ask companies of all sizes what is the lifeblood of their business, they will quickly say cash flow. Ask them how they plan to finance their next major investment, and answers may come a little more slowly.

At Mayflower we understand the problems faced by businesses of all sizes in acquiring high value assets. As a result we have developed a range of finance solutions to suit each of our individual customers, while keeping their working capital intact.

Leasing

Because leasing offers 100% financing, allowing you to put your valuable working capital to better use - like increasing your profits - instead of tying it up in a depreciating asset. Leasing allows you to treat the acquisition of new equipment as a revenue, rather that as a capital expense.


Low monthly repayments

Leasing not only allows companies immediate access to the latest equipment, it also means that your monthly payment is fixed throughout the term - whatever happens to interest rates or inflation.

Unlike many high street bank facilities or overdrafts that are subject to the change in market conditions, a lease facility with its protected payment allows for simple and effective future budgeting.


Excellent tax benefits

Under a leasing agreement 100%t of all rentals payable can be fully offset against your Corporation Tax liability in each financial year. This enables you to write off the full costs of acquiring new equipment over its expected working life (perhaps only 3 years for high tech. equipment).

Compare this for Tax purposes to outright purchase which only permits Writing Down Allowances on a Reducing Balance basis, and it will take 7 years to write off 90% of the same acquisition costs (even if you qualify for a 40% First Year Allowance under the Government's current S.M.E. Scheme)!

In reality it means that the real cost of your lease is in fact dramatically lower than the payments you make.

In comparison, outright purchase ties up valuable capital, thereby crippling a company's development potential, while only offering reduced tax-deductible allowances.