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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
Thames Valley Asset Finance are specialists at providing asset finance for start-ups. An ex-banker was setting up a new delicatessen and cafe in Buckinghamshire and required £58,000 to complete the fit out of his premesis including: ovens, extraction units, grills, tables, refrigeration counters, chiller cabinets, freezers, a counter and dishwashers.
The client was referred to us by the catering specialist he was purchasing his equipment through and we set up a hire purchase arrangement over three years. Given that cashflow was so important to this customer as he started his business, we arranged a three month VAT deferrment.
For this customer, he was allowed to delay the payment of the VAT for three months after the purchase, allowing him to keep the much needed cash in his business to support his launch. .