Richmond Asset Finance are leading providers of finance to farmers and rural businesses in the North West, Leeds and Yorkshire. We understand and know the needs of the agricultural community and of specialists are here to help.
Unlike many commercial finance brokers and lenders offering finance to farming and rural communities Richmond Asset Finance has a genuine understanding and interest in agriculture, the countryside and rural communities.
Richmond Asset Finance help with Rural Finance including:
- Livestock finance
Our livestock experience covers dairy, beef, sheep and poultry. Our facility can be used repeatedly for auction purchases, B&B, heifer replacement or even new infrastructure.
- Property renovation and repair
We provide loans to help renovate and repair property assets, which result in capital appreciation or income generation.
- Recovery and restructure
We understand the need to take control and rationally plan when financial pressure is acute. Our facility can provide a window to achieve this.
- Renewable energy
We have considerable experience in financing AD, hydro, solar and wind power, for construction or operation.
- Farm Diversification
We understand the need to create new revenue streams and support all types of business diversification, from holiday lets through to farm shops or new crops.
- Purchase of land
We help farmers move quickly to secure land and expand their business, as acreage may come available at any time and often at short notice.
If you have an enquiry regarding rural and agricultural finance, contact us today.
What Is Asset Refinancing?
Asset refinancing is an alternative finance arrangement that offers a simple and straightforward way to raise cash against an asset that your company already owns. Depending on the amount of funds required, you can refinance any single or multiple assets. You don’t even have to own the asset outright; refinancing arrangements can be offered on the equity tied up in company property. Refinancing a number of assets is also referred to as debt consolidation.
Richmond Asset Finance offer a number of different asset financing solutions for your business. Asset Finance is a very useful financing option because of the many benefits to your business. A business in any sector can have many financial assets and there are a number of ways to attain finance for these. In recent times this makes it the third most popular source of finance for UK Businesses.
What Are The Benefits Of Asset Refinancing?
Asset refinancing offers a simple, cost-effective and quick way to secure additional finance for ongoing business activities. You can continue to use the asset offered as security against the loan, whilst using the released funds to invest in new assets, such as a larger fleet of vehicles or new company premises. Most asset refinancing arrangements offer structured payment plans to help business owners budget effectively. Interest rates and charges are agreed upfront so you won’t incur any surprises during the lifetime of the loan. Once the loan amount has been agreed, along with associated rates and charges, you will be required to pay fixed instalments on a weekly, monthly or quarterly basis.
ASSET FINANCE IS ONE OF THE FASTEST GROWING FORMS OF FINANCE TODAY – Call us for more information.
Do you aspire to live in the country, where your partner will continue to work and you want to run a smallholding or are you starting a farm business?
Richmond Asset Finance often receives enquiries from customers who want to start a farm and we have the ideal farm loan for this type of scenario, whether short or long term Richmond Asset Finance can help.
Obtaining farm finance can be difficult, especially where accounting information may not be good enough for the banks.
You may qualify for finance on a long-term basis through Richmond Asset Finance, but we also have a great farm selection of loan products that fits the bill for a farm start-up.
What is farm finance?
An all embracing term we use to describe all types of farm and agricultural finance we arrange in the rural and country business sectors, which can also be described as agricultural finance, equestrian finance, land finance and horticultural finance, a farm mortgage or farm loan. Farm finance can be provided for farms of any size (with our without a farmhouse), holiday complexes, caravan parks, caravan sites, estates, land, buildings, working farms, non-working farms, nurseries, garden centres, smallholdings, estates, fisheries, farm shops, riding schools and generally all manner of rural properties or in some cases not so rural.
Why Richmond Asset Finance?
- A well-established and reputable company.
- A great team that will help you with every query you may have.
- Hands on and experienced.
- We work in partnership with our customers to help them achieve their goals.
- References are readily available.
Installing telematics in your business’ commercial vehicles could help to significantly improve your fleet’s performance and efficiency.
Telematics are small boxes that are fitted inside commercial vehicles to collect valuable data and information.
This information can then be used by your business to monitor vehicle and driver performance.
Just some of the information and data that can be monitored using telematics includes:
- Fuel consumption
- Driving patterns
- Routes taken
- Vehicle performance
You can then work together with your fleet drivers to make changes to the way they work in order to improve performance in several key areas including:
Efficiency – Telematics can be used to help drivers to work more efficiently by choosing the fastest routes and avoiding traffic. A more efficient fleet will also reduce operating costs by increasing fuel efficiency.
Safety – Telematics can help to flag up unsafe driving habits including harsh breaking or accelerating and speeding. Ensuring that your drivers are driving safely can help to reduce costly damage to vehicles and the risk of accidents occurring.
Vehicle performance and maintenance – Set up your telematics to send alerts about your vehicles’ performance to help you to keep on top of maintenance tasks to reduce the need for repairs and keep your vehicles running smoothly.
Operating costs – By honing driver and vehicle performance using the data gathered by telematics you could significantly reduce your fleet’s overall operating costs. This is achieved primarily by improving fuel efficiency, reducing the number of accidents, and keeping up with vehicle maintenance.
Driver job satisfaction – Telematics provide fleet drivers with the data they need to perform better in their jobs. Providing your drivers with modern telematics technology can help to make their jobs easier and more rewarding, resulting in happier, more productive employees.
If you require financial help or advice with updating your commercial fleet, speak to our team here at Richmond Asset Finance by giving us a call on 0113 288 3277. We provide a range of flexible vehicle finance and asset finance services.
Prepare your fleet of commercial vehicles for the colder weather to keep them running efficiently through the winter months.
Treacherous wet, icy and windy weather can pose significant problems for drivers and fleet managers during the winter.
The key to keeping your fleet operating smoothly during this time is good preparation.
Putting your fleet through a thorough inspection or service prior to the cold weather kicking in can help to pick up any problems or damage to the vehicles. Making sure your fleet is in tip-top condition and are all topped up with engine oil and wiper fluid can help to prevent accidents and costly down-time once the bad weather hits.
When inspecting your vehicles, be sure to pay careful attention to the condition of the tyres which need to be in excellent condition to manage wet and icy roads. Look out for signs of damage or excessive wear and make sure they are pumped up with enough air.
Many fleet managers use winter tyres if their fleet are likely to be visiting remote areas frequently. Winter tyres have better grip and can help to reduce the risk of accidents and breakdowns in ice and snow.
One of the best ways to keep your fleet safe during the winter is to educate your drivers in how to drive in poor weather conditions. Refreshing their knowledge of safe stopping distances and how to adjust their driving for snow and ice can help to minimise breakdowns and accidents.
Always make sure that your fleet are kitted out with winter survival packs for when they’re out on the road. At minimum, all emergency kits should contain a blanket, de-icer, scraper, torch, high visibility jacket, and extra screen wash.
If you have concerns about the condition or efficiency of any vehicles in your fleet, then it can be a good idea to update them before the winter season.
If you require financial help or advice with updating your commercial fleet, speak to our team here at Richmond Asset Finance by giving us a call on 0113 288 3277. We provide a range of flexible vehicle finance and asset financeservices.
Humans have been ploughing the earth to grow food since the beginning of time, so why are some farmers now choosing to turn their back on this traditional technique?
Some farmers are now embracing new ways of working as they believe ploughing to be bad for the environment.
Ploughing and the environment
It is thought that dragging a plough through the earth several times a year disturbs the soil and the living organisms within it, which then has a negative effect on soil quality.
What’s the alternative to ploughing?
“No till” farming is a method of farming which eliminates ploughing and minimises soil disturbance. Instead, farmers ensure that soil is never left bare. As soon as one crop is removed, “cover crops” are planted to protect the soil and keep pumping nutrients into it.
This method also prevents earthworms and other important organisms from being disturbed, so that their numbers can grow, resulting in more nutrient-rich soil with improved structure and drainage.
Benefits of no-till farming
No-till farming can benefit both the environment and the farmer, here are just some of the benefits:
- Reduces soil erosion.
- Improves soil quality.
- Builds soil organic matter.
- Saves time on ploughing.
- Reduces cost of labour and fuel.
- Improves water absorption.
- Reduces greenhouse gas emissions.
- Natural weed control.
- Healthier crops due to nutrient-rich soil.
What machinery is required?
Farmers undertaking no-till farming use a piece of machinery called a cross slot drill which drills seeds directly into the unploughed ground. Although the initial cost of the equipment is similar to that of tillage machinery, the operating costs are far less.
For help financing the purchase of agricultural equipment, speak to our team at Richmond Asset Finance on 0113 288 3277. We provide a variety of asset finance and agricultural finance services to help your farm business to grow and develop.