FINANCE MADE SIMPLE [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
Together, we're doing more for business. Since the STAR Asset Finance Group was formed in 2014, we have grown to become a £250m a year lender for UK SMEs. This year the combined lending across the group will pass the £1.5 Billion mark since our inception. Our vision is to be the most recommended asset finance provider in the UK, by delivering the very best customer service throughout our group businesses, Credo Capital Finance, First Capital Finance, Ignition Credit and Kennet Equipment Leasing, as well as a number of STAR-branded specialised sub-divisions. STAR Asset Finance Group has brought together a group of leading independent asset finance businesses, with unrivalled experience of their markets, to enhance the genuine local service valued so highly by local SMEs, with the many benefits of national scale. We can offer better value to SMEs by providing access to more finance options, competitive deals, greater decision flexibility and access to a diverse range of specialist experts. All without taking away the personal and human touch they've come to expect. Our national scale enables each of our group companies to offer more choice, more flexibility and more value, whilst maintaining the local touch that our customers value so much. The national business with a local touch. A FINANCE PARTNER, NOT JUST A BROKER. At First Capital Finance, we pride ourselves on the trusted relationships we build with our customers and for more than two decades our professional, flexible and positive approach has ensured that customers return to us again and again. We have comprehensive finance packages to suit all of your asset and vehicle requirements. Our finance solutions are provided using our own extensive funds and through our panel of joint trading relationships with major banks, and funding houses giving us excellent flexibility to secure you the right package hassle-free. WELCOME TO FIRST CAPITAL FINANCE Our dedicated team of professionals are available from 9am to 5pm weekdays, to take care of your every need. We offer excellent service and a quick turnaround, with most credit decisions being reached within the day. Since 2001 we have helped arrange over £650 million for businesses new and established, large and small all over the UK. Why not talk to us about your funding needs - whatever they may be. [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
SERVICE YOU CAN TRUST [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
We have an extensive range of competitive finance and leasing facilities with an experienced professional team on hand to help. So please do contact us and let us help you to benefit from: • Competitive rates & terms • Dedicated professional staff with decades of experience • A funding panel that is second to none • Credit line facilities to cover multiple purchases • Hire Purchase • Finance Lease • Asset Refinance • Operating Lease • Commercial Loans • Loan and Chattel Mortgage • VAT Deferrals • Corporation Tax and VAT Loans • Invoice Finance • Structured Payments • Development Loans • Marine Finance • Balloon Payments and PCP WHAT PRODUCTS & SERVICES DO WE OFFER? [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
Whatever your requirements we're here to provide a hassle free solution, and with the current 'Full Expensing' Scheme which allows companies to claim an unlimited 100% first-year allowance on qualifying investments, this could be the perfect time to talk to us. We can provide you with a funding solution for virtually any item of capital expenditure including: • Commercial Vehicles • Plant and Machinery • Forklift Trucks • Catering Equipment • Trailers and Horseboxes • Agricultural and Grounds Maintenance Equipment • Renewable Energy Equipment • IT and Telecoms (including EPOS) • Cars, including electric, prestige and classic • ANY BUSINESS ASSET WHAT CAN WE HELP YOU FINANCE? [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
WHY PAY MORE TAX THAN YOU NEED TO? Full Expensing lets you claim back 100% of the cost of qualifying plant and machinery all in one go. The Government has introduced a tax relief measure called 'Full Expensing', which allows companies to claim an unlimited 100% first-year allowance on qualifying investments made in new plant and machinery until 31 March 2026. How does Full Expensing work? 'Full Expensing' enables companies to deduct the entire amount of their investment in new assets, such as machinery and equipment, from their taxable profits immediately, rather than spreading out the deduction over several years. Essentially, for every pound a company invests, they can get up to 25p in tax cuts. This immediate deduction will reduce your company's tax liability in the near term, potentially, increasing the amount of capital available for re-investment back into your business. Additionally, for plant and machinery that falls under the 'special rate' category, a 50% first-year allowance will be applicable during the same period. For example: A business spends £50,000 on new equipment and £40,000 on a delivery van. They would deduct £90,000 from their company profits and pay Corporation Tax on the remainder. At a 25% Corporation Tax rate, the company now pays £22,500 less tax, a saving equivalent to 25% of the original purchase price. What sort of finance can I use? If you are looking to make the most of the 'Full Expensing' scheme, any equipment purchased using a Business Loan or a Hire Purchase (HP) agreement would qualify. What sort of equipment is eligible? What qualifies for '50% First-Year Allowance’ Only limited companies are eligible for full expensing however, unincorporated businesses investing in plant and machinery can still take advantage of the Annual Investment Allowance. This provides a 100% deduction on qualifying expenditure up to £1 million. For more information on this allowance from HM Revenue & Customs, please refer to their website: www.gov.uk or contact your accountant who can discuss your individual eligibility position. We do not offer tax, financial or regulatory advice. • Electrical and lighting systems • Hot and cold water systems • Air-conditioning systems • Lifts • Solar shading • Plant & Machinery such as cranes and diggers • IT Equipment • Commercial Vehicles such as tractors, lorries and vans (not cars) • Forklift Trucks • Construction equipment • Fire Alarm equipment • Kitchen & Bathroom fit-outs in non-residential properties [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
STAR LOAN: OUR NEW UNSECURED COMMERCIAL LOAN PRODUCT *This commercial loan product is un-regulated and for business customers only. This product is available for UK[1]registered Limited companies and LLP's. For sole traders and partnerships the minimum loan size is £25,001. All loans are subject to status and terms and conditions. Affordability checks apply. No hassle business loans to help small businesses grow. Our new STAR Loan solution takes that one step further - allowing you to borrow up to £250,000, without providing security, at more affordable rates. If you need to boost cashflow, to refurbish or to invest in equipment to turn your new ideas into reality, then this could be the answer for you. It could also be used to spread the cost of short-term headaches such as VAT payments, Tax payments, and Insurance liabilities, by spreading the lump sum outgoings into affordable monthly instalments. ELIGIBILITY CRITERIA* For business customers only. Trading for 3 or more years, ability to provide your last 3 months bank statements. If your company hasn't been trading for 3 years, please contact us as we have a range of other options that may be suitable. KEY POINTS TO KNOW · You can borrow up to £250,000* · Terms are available from 3 months right up to 5 years · Fast decisions* · Access to funds within 24 hours* · Straight-forward application process with a · dedicated account manager supporting you · through the whole process · Business purposes only APPLYING COULDN'T BE EASIER Simply click below and we'll be in touch so you can talk us through your plan [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
SO WHY CHOOSE FIRST CAPITAL FINANCE? Award-winning service Fast response times Excellent competitive rates Access to one of the largest funding panels in the UK and our own extensive funds Finance of all types of equipment Experienced and friendly team Nationwide coverage [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
DOING MORE TO SUPPORT LOCAL BUSINESSES: STAR ASSET FINANCE GROUP More expertise in specialist sectors all accessible through any of our group companies Simpler and faster access to the funding because we do more of the leg work More finance options our large, group-wide funding panel means we can always find the right finance option A more personal and human service we take more time to know every customer's business Deals that other funders can't offer by lending our own money to customers we know and trust Better customer understanding through deep local knowledge and local community engagement Helping UK dealers and suppliers increase their sales by offering affordable finance solutions to their customers. Kennet gives UK SMEs access to the equipment they need. Location: Birmingham Finance for a diverse range of plant, machinery, business equipment, motor, light & heavy commercial vehicles & renewable energy. Location: Truro Specialist providers of competitive finance and leasing facilities for businesses and schools in the South of England and beyond. Location: Bournemouth A multi-award-winning business and asset finance specialist, where customer service sits at the core of everything they do. Location: Norwich No nonsense funding solutions for motor, motorcycle and motor home retailers to help keep forecourts stocked with vehicles. Location: Nationwide Designed to meet and support the unique financial demands of professional firms. Their solutions cover as many scenarios as possible. Location: Nationwide [email protected] | www.firstcapitalfinance.co.uk | 01202 434000
Call us today - we're here to help. The national business with the local touch. First Capital Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN 679066, as a credit broker. We work with a panel of lenders. First Capital Finance Ltd Capital House 1084-1086 Christchurch Road Bournemouth BH7 6DT Tel: 01202 434000 www.firstcapitalfinance.co.uk