Our Services

Overdrafts, loans and mortgages

Overdrafts

Short term funding, normally arranged through the Banks for working capital such as the purchase of inputs pending receipt of monies from the sale of farm produce, generally for a maximum term of 12 months The overdraft limit is matched to the business’ borrowing requirements, including how much you need and how long it is needed for. The business only pays interest when the overdraft is used. Interest is charged at a variable rate that's linked to the Bank of England Base Rate.

Loans

Short term loans are typically used to fund assets which are generally not appropriate for Hire Purchase and Leasing. These assets include livestock, building improvements, poly tunnels etc.

Mortgages

Long term loans which are usually arranged for:

  • purchase of assets including land and machinery
  • refinance,
  • restructure,
  • diversification of the existing business.

We work with all the main high street Banks and will look to get the most competitive deal in the marketplace for the particular project you are considering. Loans available for virtually any rural business activity, for sole traders, partnerships, companies, trusts and pension funds offering a house and/ or land as security

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Mentoring

In his old age Mentor was a friend of Odysseus who placed Mentor and Odysseus' foster-brother Eumaeus in charge of his son Telemachus, and of Odysseus' palace, when Odysseus left for the Trojan War. In time it has meant a trusted adviser. We can helping you grow your business by providing a one to one mentoring service. Mentors work for the business but help by challenging the business goals and then train and advise the business to help it achieve them.

Examples include:

  • Helping a young farmer develop his business by holding regular monthly meetings where we are able to give support and challenge plans.
  • Assisting businesses negotiate with their Bankers by being present at review meetings, where facilities are discussed.
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Asset Finance

Facilities include Hire Purchase, Leasing and Operating Leasing. A variety of assets can be purchased on asset finance including agricultural and horticultural machinery and equipment, renewable energy assets such as solar Panels, Biomass Boilers, as well as Office Equipment including telephone and computer systems, and much more.

HIRE PURCHASE

Hire purchase can be arranged on a variety of assets and ownership reverts to the business at the end of the term. Instalments can be tailored to business cash flow and can be at ether fixed or variable rates. The business can still claim capital allowances and interest payments can be off set against tax. VAT can be reclaimed.

  • Up to 100% of purchase price can be funded
  • VAT may be deferred
  • Ownership at end of term
  • Cash Flow matched payments.

LEASING

Similar to HP but VAT is payable on the instalments and the goods are not owned by the clients at the end of the period. This can be a very tax efficient way for a business to acquire assets

  • Up to 100% of purchase price ex VAT
  • VAT payable on rentals
  • Ability for business to have continued use of the asset for a nominal sum or the asset is sold and some of the cash monies may be retained.

OPERATING LEASES

Under this scenario the asset is effectively rented from the finance company with payments calculated on the end of period value of the asset. This allows the rentals to be kept relatively low.

  • Rentals and return conditions are agreed at outset
  • Resale risk taken away from client
  • Cashflow matched payments and tax effective.