According to the The Department for Business, Energy and Industrial Strategy, £23.4bn worth of late invoices are currently owed to small firms across Britain, a situation which has forced the body to consider new measures and legislation to clamp down on late payers.The volume of late invoices has creeped up during 2020, not surprisingly due to COVID-19. Small...Read More
Working from home, remote-working and flexible working arrangements are all phrases that have been used almost daily since lock-down was first mentioned earlier this year. With many businesses moving back out of the offices and some having never returned after lock-down, it is clear that this is something that will be around for quite some...Read More
Equipment leasing is quite simply the process of acquiring equipment and technology via third-party finance and paying for it in manageable monthly amounts over a pre-agreed term. Equipment leasing allows any type of business to affordably acquire business-essential equipment and technology without the upfront expenditure. Leasing enables the business to preserve their cash-flow and put...Read More
Lease Group, a leading equipment and technology funder in the UK, has today announced a recruitment drive in preparation for life after lockdown. The company currently services over 750 suppliers across telecoms, IT, energy, AV and healthcare sectors plus over 2,000 business customers with their finance needs. Experiencing year on year growth since it’s launch...Read More
The answer is yes – it’s called Sale & Leaseback. Over the past two weeks Lease Group has seen a significant increase in demand for our Sale & Leaseback service, which effectively enables businesses to convert recent equipment and technology purchases back in to cash. Due to the current demand, and with only 2% of...Read More
I wanted to extend my thoughts and well wishes to you during this uncertain time. I would also like to lend my personal support and take this opportunity to tell you about how we are reacting to the environment. Lease Group and our staff are fully operational, only we’re working from home. Our service will...Read More
Lease Group, a leader in soft asset vendor finance has introduced a bevvy of new features for it’s Partner Channel, one of which is white-labelling of the entire customer experience. Partner branding is a rarely seen feature of vendor finance due to lending restrictions however due to Lease Group’s growth and dedication to clean-book lending,...Read More
CFOs are looking to invest in technology In the last 12 months, CFOs, particularly in the UK, have tightened the purse strings due to political and economic uncertainty. As we move into 2020 we expect, or at least hope, that we will have more clarity. With this comes spending – CFOs will look to spend...Read More
Companies using IFRS accounting standards, which include all listed companies, are now in the process of ensuring that they comply with the new regulation, IFRS 16, which stipulates that the value of leased assets and all associated payments due are shown on company balance sheets. The new rules applied from 1 January 2019 and the...Read More
The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. Under the new standard, companies will recognise new assets and liabilities, bringing added transparency to the balance sheet. At present, many analysts adjust financial statements to reflect lease transactions that companies hold off-balance sheet. For the...Read More
