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.
Fleet managers are responsible for employing techniques and processes to help maintain a productive and efficient fleet.
An efficient commercial fleet will get the job done quickly and cost-effectively with minimal hassle. Maintaining an efficient fleet of vehicles is no simple feat though, it is a process that requires constant monitoring and continual improvement.
Use the tips in this blog to reduce running and maintenance costs and increase your fleet’s efficiency.
Service vehicles regularly
Keeping on top of vehicle servicing and maintenance will keep your fleet looking great and running efficiently whilst also helping to prevent costly accidents and breakdowns.
Recruit experienced and professional drivers
Driver behaviour and habits can have a big impact on fuel efficiency and the amount of maintenance a vehicle requires. Only recruit experienced drivers with excellent references and make it a habit to give all drivers regular training and feedback on performance.
Telematics collect data about driver and vehicle performance to help you to monitor driver performance for training purposes. This data should then be regularly reviewed and used to help drivers to adopt safer and more efficient driving techniques.
Invest in the right vehicles
Choosing vehicles that are best suited to your business’ specific requirements will have the biggest impact on your fleet’s efficiency.
Just some of the factors you should pay careful attention to when shopping for a new vehicle are:
- Size – An unnecessarily large vehicle will waste fuel.
- Type of journey they suit – Will your vehicles be travelling short or long distances? Some vehicles will be more efficient for short journeys and others for long distance journeys.
- Emissions – The more environmentally-friendly your vehicles are, the less tax you will be required to pay.
It’s also important to recognise when updating your fleet is the most cost-effective option.
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.
…Vehicles For Your Business?
There are many advantages to be gained from leasing using vehicle finance rather than purchasing a vehicle outright for your businesses. So it should come as no surprise that uptake continues to grow to the point where 300,000 cars were leased to UK companies according to statistics released last year (2017).
The two major attractions of financing rather than purchasing a vehicle include saving on the upfront cost and the ability to offset payments against tax. So while you may have enough cash in your business to purchase a van or a car, why would you when there are flexible ways to finance your vehicle and you can use that spare cash to fund and grow other areas of your business.
Vehicle finance like any other form of business finance works because you get to spend less cash which is ultimately what keeps a business afloat.
Vehicle finance can come in a variety of packages with the main ones being higher purchase agreements or business contract hire. The former is arranged on an agreed set monthly payment while the latter is an agreement to pay off the depreciation value of the vehicle.
Agreements can be arranged over a period that suits the business and its cash flow and the vehicle can either be sold at the end of the agreement or it can be transfer to your full ownership.