a service from

The essential journalist news source

12.

October

2016.

Briggs Equipment launches asset finance division

[image]

Press release

Ref PR486
Date: 12^thOctober 2016

Briggs Equipment launches asset finance division

[image]
High resolution image for download

The 2016 International Materials Handling Exhibition (IMHX) saw the official launch of BE Finance, Briggs Equipment's new asset finance division, which provides tailored funding to support customers' growth ambitions.

Established to offer greater customer flexibility and ease of obtaining finance, BE Finance provides a total asset management solution. Businesses can finance not only forklifts, but also production equipment and even a complete warehouse solution, all in conjunction with Hyster and Yale materials handling equipment.

Briggs Equipment's Managing Director Peter Jones said: "While businesses have traditionally looked upon equipment acquisition as a procurement decision, we are finding that, increasingly, customers are using the review process as a way to manage their business operations.

"What's more, they have grown weary of the burden of dealing with multiple suppliers and are keen to do business with providers who can operate as a ‘one stop' complete resource."

BE Finance supports this approach to equipment acquisition and business development. With contracts tailored to meet an individual company's specific requirements, it offers customers unprecedented flexibility, ease of administration both at inception and throughout the contract and choice.

Most banks and finance houses evaluate a lending proposition on its own merits. BE Finance is different because it considers all aspects of a company's capital requirements and cash flow to determine where and how to add value.

There are no arrangement fees and no banks or third parties are involved. Customers deal directly with Briggs, which eliminates delays due to red tape and helps to simplify and speed up the decision-making process. With in-house finance experts and access to specialist resources, Briggs can be creative in providing customers with tailored funding solutions.

A BE Finance contract hire plan offers a straightforward approach to equipment acquisition, enabling customers toenjoy thefull benefit for the life of the asset.Fixed costshelp to make forward planning easier and minimal cash outlay is involved. VAT is spread over the lease period and can be reclaimed on all repayments, which are tailored to suit an individual company's cash flow. There is no delay or cost attached to machine disposal and no residual value risk.

All BE Finance plans are based around contract hire and incorporate additional benefits. These includethe flexibility to off hire equipment early should the customer's needs change; an upfront payment holiday to help protect cash flow; or an initialcash injectionto offset installation costs or termination costs levied by the existing equipment supplier.

Peter Jones added: "Our top priority is putting customers first, channelling our efforts into long-term partnerships that will support businesses by delivering improved operational efficiency.

BE Finance is unique in our marketplace. It is a cornerstone of our 'one-stop resource' approach to total asset management - from procurement through to disposal - and is purpose-designed to make it easier for businesses to grow."

Caption: Briggs Equipment has set up its own asset finance division to support its customers' businesses growth plans.

- - - ENDS - - -

Editor's Notes

Briggs Equipment is a unique engineering and equipment provider, which relishes delivering innovation. With a team of more than 600 engineers throughout the UK, the company also provides global equipment and maintenance support though its partnership with the Ministry of Defence.In addition to being the sole UK distributor for Yale and Hyster forklifts, Briggs enjoys strategic partnerships that offer customers a total solution and services all the equipment it sells. So, whether it's new, used or short-term hire equipment, Briggs has a proposition far more reaching than materials handling.The company's market leading fleet management tool, BE Portal, plays a pivotal role in driving up standards of customer service and its in-house financing capability, BE Finance, offers customers greater flexibility. Briggs is transforming the industry by placing customers at the heart of everything it does. Discover more@BriggsUK

View all of Briggs Equipment's latest news on the Briggs online media centre.

View this release on Briggs Equipment's online media centre

Follow Briggs Equipment UK on twitter@BriggsUK