Get in touch
TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
A well established nursing home was introduced to us by one of their professional advisors, as they were looking to invest in an upgraded commercial boiler for their home.
Looking to keep their deposit on the transaction as low as possible, we were able to arrange a Hire Purchase agreement with a VAT only deposit and a repayment term of 5 years.
Quite often finance companies look for the VAT on transactions of this type to be paid upfront along with a deposit of 10%. However, on this occasion due to the strength of the business, the lender was happy to accept a lower deposit of only the VAT.
On this particular deal, the supplier of the boiler was unable to invoice the finance company directly. However, by putting the client into the invoice chain, we were able to overcome this potential obstacle and payment was made once the boiler had been installed.
A great example of how a Hire Purchase agreement can be arranged for a more unusual asset.