Confusing? Asset finance is pretty simple, but sometimes the terminology can be complicated.

The industry uses jargon which can leave people a bit muddled, especially as some of the types of asset finance have names which sound very similar to one another. And at times, you might find different terms are used interchangeably or abbreviated, e.g. HP for hire purchase.

We know that there are many questions being asked about asset finance, from a simple ‘what […]

2020 is already promising to be a busy year for businesses in the UK, but especially for SMEs. Brexit has been the main topic of interest for what seems like forever, but in 2020 there are going to be several other areas of interest other than Brexit. There’s lots of employment and legal issues companies will have to tackle, such as tax changes, an increase in the minimum wage and the various problems with […]

The Future is Bright for Asset Finance

This year has been relatively positive for those in asset finance in the UK, in spite of political uncertainty around the recent general election and Brexit. Latest statistics reveal positive news for the industry as new figures from the Finance & Leasing Association show that asset finance for new business (primarily leasing and hire purchase) has grown by 2% in […]

Don’t Miss Out on Your Annual Investment Allowance

It has been almost a year since Phillip Hammond introduced the most generous Annual Investment Allowance (AIA) increase. In January 2019, the new £1 million allowance limit came into force which delivers 100% tax relief in the year of purchase on the cost of a wide range of assets, including plant and machinery, LCVs, HGVs and other commercial vehicles. The allowance is available for the vast majority […]

Using old construction equipment on your project can not only slow down your efficiency, it can also be downright dangerous. Construction vehicles live a gruelling life and making sure that your workers are using up-to-date machinery is important in maintaining health and safety, as well as keeping a competitive edge. Plant can be very expensive to buy so how can you keep up with the needs of your business? Have you considered leasing construction […]

Last night, the Maxxia Group, which consists of Anglo Scottish Asset Finance, Capex Asset Finance, CLM Fleet Management, European Vehicle Contracts and Maxxia, won an award at the “Lending Awards” event organised by Shard Media and the Credit Strategy publication, and sponsored by Experian.

Maxxia Group was crowned as the “Best Asset Finance Provider” from a shortlist of seven.

The judges considered a submission from the Group that […]