Finance Options

LGD Interiors is finding that many clients are interested in exploring the opportunities of leasing a fit out or refurbishment project.  Business leasing has been common place for a number of years in IT spend and fleet management ­ but few realise that the approach can yield significant benefits when financing fit outs or refurbishments. 

For example:

• Leasing can work out cheaper than using capital or a bank loan
• A lease payment can be claimed as 100% tax allowable, compared to capital expenditure which is usually only 65% allowable - this can yield savings of up to 10% against a bank loan and up to 20% against capital expenditure
• The process of dealing with the Inland Revenue for capital allowances is much simpler and quicker
• As a lease payment qualifies as 100% allowable, debating the 'grey areas' of what was spent on the project is not necessary
• Bank borrowing facilities can be preserved
• Taking an independent lease will help preserve your company's, or client's, bank borrowing facility, which may be needed for future projects or other business needs
• Leasing can help to increase the scope or possibility of a project going forward
• Taking a lease can overcome a client's internal budget issues by transferring project spend to an ongoing revenue repayment rather than a limited capital budget

There are many more reasons why leasing all or part of a project can benefit you or your clients.  LGD Interiors has a partnership arrangement with Plus Finance, a leading expert in providing tailored lease packages.  Between us we'd be happy to explain how it might help in more detail.