To advertise in this section contact Classifieds
Peter Britton on 01747 855335 email:
peter@pitchcare.com
TOP DRESSING & LOAM TREES Top quality dressings
Kaloam & Ongar Loam • Fertilisers Specialist grass seeds, machinery & tools
Contact: Andy Hodges - Tel:01202 537777
sales@roffey.ltd.uk
Contact: Alan Ford - Tel:0870 242 1090
Alan.ford@
monrogoundrey.co.uk www.monrogoundrey.co.uk Contact: Philip Furner - Tel:01277 890246
sales@binderloams.co.uk www.binderloams.co.uk
WASTE WATER MANAGEMENT
HAVING “ploughed through” asset finance terminology in the last edition, now onto the more interesting aspect… How can finance help your business? Here are a few ways in which basic finance products can be made more flexible to more closely match your business needs:
1. Repayment Structure: Most people are used to financing over periods from 12- 48 months and with monthly rentals. Often with a part- exchange as a deposit leaving the amount to be financed plus interest and then divided equally by the number of months. Nice and easy, yes, but not necessarily the best for your business. Let's look at some of the various options that could be useful to you:
WEED CONTROL
Get the right period: most people consider finance a necessary evil and want to repay it quickly so they ‘own’ the equipment OR take it over as long as possible to keep repayments low. In business there is little
Weed Control •Total •Selective •Aquatic
Moss Control Fertiliser Application Disease & Pest Control Grass Growth Control
Freephone 0800 783 2884
www.completeweedcontrol.co.uk
•Broadleaved Selective Weed Control
WATER AERATION
•Sports Turf Nutrition •Soil Pest Control
•Grass Growth Regulation •Moss Control
•Invasive Weed Control •Aquatic Weed Control
Languard Vegetation Management
T: 01858 880898 E:
info@languard.co.uk Safeguarding the Environment
becoming worn out makes sense to get the best quality performance, but old equipment will usually have a used value. You could use that value as a trade-in, reducing the finance on your new equipment. However, this time round when you buy new why not think about the equipment future value, take a prudent view to allow for changes in the market and then commit to a final finance rental equal to that figure…known as a balloon rental….e.g.
New compact tractor £12,000 Trade-in
Amount to finance £9,500 = 48 months at
Value of equipment in 48 months =
Prudent value to cover market changes =
£2,500 £230
£4,200 £3,750
Finance £9,500 over 48 months with final balloon rental of £3,750 = 48 months at
profit in owning equipment (all of which depreciates pretty quickly) and even less in stretching your cash flow to make unnecessarily high repayments, equally you should not finance for longer than the equipment will be working for you. Try to match your finance period with the time you will keep the equipment, because if you decide to change or sell it earlier you will need to repay the finance and this will usually incur a penalty.
Over the last 10+ years rates have been fairly consistent and relatively low, so the cost of borrowing is modest. If your profit margins are higher than the interest rate on borrowing then think about borrowing even if you have cash and let that cash earn more in the business!
Home of the Spraying Mantis Aquatic Management Aeration Systems
• WILL REDUCE AQUATIC WEEDS and ALGAE • WILL PROVIDE YOU WITH CLEANER WATER • WILL IMPROVE YOUR FISHING
• GOLF COURSES • ORNAMENTAL LAKES & PONDS • TAILOR MADE TO YOUR REQUIREMENTS
Email:
sales@kristalklearaerators.com Website:
www.kristalklearaerators.com Tel: 01202 824966 Mobile: 07884 338014
94
One of the leading contract spraying organisations in the Professional Sports Turf Industry
Golf courses, racecourses, sports clubs, local authorities, football and rugby clubs, schools and universities
Email:
spraying@weedfree.co.uk
Free Call 0800 068 08 78
www.weedfree.co.uk
Balloon Payment: most of the equipment available to the turfcare industry is not likely to become obsolete and usually has a reasonably long working life. Change is normally because new equipment may be more efficient, workload has increased and requires a larger model or the old one is just plain worn out! Replacement before
£164
+ A saving of £66 per month. Good for cash flow. - You are liable for the balloon rental. If you have been prudent the equipment should be worth this and more, allowing the excess as a deposit on the next new replacement!
Delayed Start: turfcare is a seasonal industry, matching grass growth with most income arriving during this peak period. You may want equipment ready for that first burst of growth, or there may be a great deal during the closed season as suppliers try to keep sales ticking over. Why not consider a finance deal with a delayed start? Deposit and VAT are due day 1, as usual, but you can defer the first rental until the season starts or fees arrive eg for a membership club.
+ new equipment ready for use immediately as required. + off season bargains. - interest payable for the period with no rentals, but usually this is spread over the remaining rentals with little real impact.
Seasonal Payments: as mentioned above, this is a seasonal business, therefore why not consider finance payments to match your season and or income stream. For clubs who receive fees annually
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