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Financing and Lease Options

3rd October 2022 / admin / Comments Off

In todays marketplace, financing and leasing options are as much a part of the purchase decision as the mechanical features and benefits of the equipment you choose.

Richmond Asset Finance offers a comprehensive choice of dedicated retail finance options, specifically tailored to the agricultural environment. Our schemes offer a range of facilities including leasing, Hird purchase, contract hire and loans.

Our finance programmes at Richmond Asset Finance will help you to obtain equipment that has the power, efficiency and technology to operate a profitable business at a payment you can afford.

You will have the opportunity to gain use and ownership of the best agricultural equipment available to you.

Benefits to you:

Flexible payment terms
fast and easy credit process
Finance tailored to meet your cash flow needs
Convenient one stop financing

Asset finance for agriculture and farming

14th September 2022 / admin / Comments Off

Flexible, scalable finance for the agriculture industry

Productivity. Diversification. Growth. If you’re involved in the UK farming industry, you’ll know it’s not just the weather that can be unpredictable.

To keep up with market fluctuations, new technology and political change, you’re likely to need asset finance that works with your cashflow. You could be investing to generate long-term productivity gains, diversifying into special breeds, food production or renewables, or simply seeking to protect cashflow while renewing critical equipment.

Your farm, your finance

One size doesn’t fit all, and that’s especially true of Britain’s diverse farming industry. That’s why we provide a range of farm and agriculture finance solutions, including:

Hire purchase
Finance lease
Sale and leaseback
Agricultural loans

Assets we finance

Typical agriculture assets we finance include

Tractors, trailers, combines, balers and other farm machinery
Forestry equipment
Robotic milking machines
Vehicles, including bulk haulage
Recycling and plant equipment
Renewable energy equipment

Tractor Finance

14th August 2022 / admin / Comments Off

We offer a professional and knowledgeable service to all our customers, from the farmer who needs new or used equipment for his business; through forest workers in need off second-hand tractors & trailers with accessories like shafts etc., right down smaller firms looking at buying an attachment that’s just right fit their requirements.

Richmond Asset Finance will help you find the best way to finance a tractor. We take the hassle out of arranging financing for all types and makes.

We can offer customers low-interest finance deals, which include a choice of tyres and a variety of attachments. We can offer excellent finance packages to both private individuals and businesses who need funding for purchases in the fields of agriculture, equine and commerce

What is asset finance?

Essentially, asset finance is taking out a loan to buy or hire assets that your business needs to succeed. This can cover a wide range of equipment, but in agriculture this is primarily machinery.

How will it help my business?

Asset finance is an alternative way of purchasing equipment, rather than borrowing from your bank. You can start using the asset straight away without having to find a large lump sum to put down, and you can pay back the cost of the machine over a flexible repayment plan that suits your business cash flow. Put the machine to work straight away and it is starting to payback its cost.

Asset Finance Solutions

21st July 2022 / admin / Comments Off

We’re here to help you reach your goals. Whether it’s a small loan or large investment, we know how important this decision is and take our time so that nothing but the best will do when making such huge changes in someone else’s life.

In need of finance? We make sure they get more than just money from their funding process.

We understand that you need a funding solution tailored specifically for your business and we work hard to offer flexible options with straightforward repayment terms. We also provide quick decisions, competitive rates of interest and easy application processes in order make it as simple possible!

Are you looking for other financial solutions?

You may already have all the equipment and vehicles you need but want to ease your company’s cash flow in other ways. Richmond Asset Finance offer a wide range of ingenious financial solutions tailored specifically for business int the UK.

Don’t hesitate to contact us regarding any way in which we might be of assistance to you and your company. It’s what we’ve been doing for over 25 years and we’re proud of our record.

Agricultural finance

4th July 2022 / admin / Comments Off

Helping you finance your farming business.

We specialise in providing you with the finance that will help your business grow, whether it’s through difficult times or high growth phases. We offer a wide range of products including agriculture funds and agricultural mortgages as well short-term loans to get us though challenging markets!

Flexible finance to power your business

Spread the cost of your business assets over time without having to make a large upfront investment.

Spread the cost of your business assets over time
Budget with confidence
A source of funding to help you maintain liquidity without affecting your cash, working capital or other borrowing

Types of asset finance

Hire-purchase financing

Put the latest equipment, machinery, technology and vehicles to work in your business – simply, quickly and conveniently through hire-purchase financing.

Ready to apply or want to find out more?

Cost of essential foods could rise by 15%

17th June 2022 / admin / Comments Off

The cost of essential food items such as meat, dairy, fruit and vegetables is likely to surge by a further 15% this summer, analysts have warned.

Food price increases will last much longer than initially predicted, according to the Institute of Grocery Distribution’s (IGD) latest report.

This is due to issues such as the Ukraine war, pre-existing supply chain challenges and the “limited effectiveness” of monetary and fiscal policy.

The organisation’s report warns that the UK economy is facing its strongest period of inflationary pressure since the 1970s.

The predictions will likely deliver yet another blow to the most vulnerable households in the UK, who will be hit the hardest by the spike in food and drink prices.

IGD calculates that the average monthly spend on groceries for a typical family of four will reach £439 from January 2023 – a major rise from £396 in January 2022.

The strongest inflation pressure is expected to come from meat, cereal products, dairy, fruit and vegetables, the report explains.

In particular, products that rely on wheat for feed, such as white meats, are likely to see prices soar in the short term.

IGD predicts that the acceleration in food inflation is likely to last until mid-2023. And the UK food industry is “uniquely exposed” to pressures due to a reliance on food imports and the impacts still being felt from Brexit.

What is asset finance and how can it benefit farmers?

13th May 2022 / admin / Comments Off

Asset finance is a great way for farm businesses to purchase assets without taking out an expensive loan. The funder will pay the cost upfront and you can spread payments over agreed terms, as opposed having one large payment at once that could be difficult if your operation grows or changes dramatically in some other ways.

If you think about all of the assets that your farm has, this could represent a significant amount cash tied up in business. This could include machinery and tools for work onsite or vehicles to transport people around when they are not working at their own premises – it really depends what type is needed!

Using asset refinancing can help you secure better borrowing rates than a business loan and you can offset the monthly repayment against your tax liability, making it a tax efficient way of borrowing funds.

How we can help?

We have funders that will finance both hard and soft assets.
Instant quotes available.
An initial decision within hours.
A quick and easy application process.
A designated account manager to help answer any questions that you may have.
More importantly, we are not tied to one funder, so we can search the market.

Award-winning electric tractor manufactured by Farmtrac

19th April 2022 / admin / Comments Off

The first all-electric tractor has generated a lot of interest, winning awards and featuring in multiple TV programmes.

Farmtrac’s FT25G tractor has also impressed the farming industry’s electric vehicles and technology enthusiasts.

The compact 25HP tractor won the SALTEX Innovation Award in the Environmental and Sustainability category at the end of last year.

The machine has also been reviewed by celebrity farmer Adam Henson, who put it through its paces around the farm and in a Top Gear-style Battle of the Tractors for BBC’s Countryfile and Fully Charged TV.

The race to net zero for poultry farmers

1st April 2022 / admin / Comments Off

It is true that poultry farming has been considered one of the lower carbon emitters in agricultural sectors, but this does not mean it will be an easy transition for everyday farmers.

This is especially true for broiler farmers which rely heavily on fuel and natural gas to maintain house temperatures.

Globally, the poultry meat sector is liable for 8% of all agriculture carbon emissions with approximately 100kg of CO2 produced per 1kg of meat.

The average poultry farm produces around 85% of its total carbon emissions from the feed. This is due to soy being used as it provides high levels protein and promotes strong growth, meaning more birds can be raised on less land with lower resources like water or food for them!

Soy is mainly produced in South America and has been criticised as one of the leading contributors to deforestation.

Due to the long distances the feed has to travel the CO2 produced in transporting is high, greatly increasing its negative effects on the planet.

In an effort to reduce the amount of soy used in chicken feed and create a more sustainable industry, several companies have begun trials with different alternatives. These include fats from olive oil or canola plants as well as lupin grains which are often thrown away because they don’t grow enough protein on their own lifespan but may be worth looking into for future generations!

One solution that could be promising is feed supplemented with insect protein. The larvae of the black soldier fly can be as high as 65% protein and require very little breeding space. Research is currently be conducted to see what effect this has on poultry health and egg quality.

What is agricultural finance and why do farmers need it?

28th March 2022 / admin / Comments Off

Agricultural finance comes in many forms. Whether it’s farm start-up loans, getting a loan to buy cattle or farm machinery finance, farmers need access to the funds financing offers. Financing can also be sought to allow the expansion or diversification of the farm.

In order to produce crops, farmers need to invest in land, equipment, and other supplies. Unfortunately, farming can be a risky business, and sometimes it’s hard for farmers to access the capital they need to get their businesses off the ground or keep them running. That’s where agricultural finance comes in. Agricultural finance is a broad term that refers to all the different ways that farmers can obtain financing for their agricultural businesses.

When you need help with your finances, Richmond Asset Finance is here for all of the unexpected costs. Whether it be new equipment or just general advice on how to manage them more effectively in this tough economic climate – we have what every farmer needs!

With all of our experience, you know that we are in safe hands. With a better understanding on what farmers need to succeed today’s market conditions have made us an even more valuable company than before – let us help make your next venture successful!

Purchase of Land

9th February 2022 / admin / Comments Off

We have a proven track record of helping businesses expand their operations and we’re always on hand to do so again.
We’ll help you take full advantage of any opportunities that come up, no matter how small or large they may seem at first glance!

We understand that you may be looking for a loan with low rates and flexible repayment terms. We have just what your searching need, as our loans don’t come at an early redemption fee so can allow more time than other lenders would previously allow before refinancing into less expensive conventional mortgages!

Whether you need help with land acquisition or just want an assessment of your current situation, we can provide it. We will consider all types property- even if there are specific issues regarding access rights and invasive species which make some pieces not suitable for cultivation due to their natural condition – come talk to one our specialists!

How does farm finance help farmers?

3rd February 2022 / admin / Comments Off

Farmers are exposed to a multitude of factors that can place stress on their finances. Farmers know that they can’t necessarily count on a future harvest as money in the bank – while they may have made a big profit one year, they may struggle to match this with their next harvest. Because they’ll still have to meet a lot of expenses even if they have a poor year, farmers need to keep enough money on hand to pay wages and invest in more seed and livestock, but this prevents them from investing in expanding their farm. Money tied down to protect against a bad year is money that could be spent on new equipment, new land and other income-generating investments.

This is why agricultural finance can be such a useful tool for farmers: it reduces their obligation to keep cash on hand “just in case”, and lets them invest profits as and when they wish. Because farmers are able to source the finances they need from specialist lenders they no longer have to be exceptionally cautious in their spending, and can afford to take on opportunities that they might otherwise need to forego.

We have a flexible option for expanding your livestock holdings that can be used repeatedly, allowing you to make judicious purchases or sales as the market requires. This could include auction contracts with us and other providers of this service; opportunistic B&B’s where we’ll provide longer term heifer replacement services in exchange for using our facility again when needed-or just utilising one good harvest completely before trading down again!

Finance summary

1st February 2022 / admin / Comments Off

We all know how difficult it can be to manage cash flow when you’re running your own business. That’s why we are here for you! Our team of experts has years experience in helping businesses like yours, with specific assets or funds that will help them expand their reach and ease the pressure on what little profits they might already have coming in each month.

The plant, machinery or machine tools often indicate expansion. You will need to be up and running as quickly as possible which is why our team works hard at providing you with the right financial solutions so that it’s not only about securing finances but also getting them when needed!

There’s no definitive list for what could be financed. Most things that you would need within your business can easily get financing, so don’t think of it as impossible before asking the question!

We’ve helped our clients with their financial needs for many years. Here are just a few of the services we offer:

Machinery
Machine Tools
Backhoe Loaders
Excavators
Attachments
Forklifts
Heavy lift Machinery
Compactors & Rollers
Dumpers
Trailers

A guide to understanding how much money you can expect from your business and what options there may be when it comes time both tax savings as well as other benefits such taking out loans or investing in property etc., depending on where they want/need more cash flow going forward – this is all dependent upon individual circumstances though so don’t worry if something sounds “out of the ordinary!” because every situation will vary slightly.

Farm Finance

28th January 2022 / admin / Comments Off

How farm finance can help you save money when you get the basic knowledge before applying for agricultural finance.

The agricultural industry is subject to more stress from external factors than almost any other; in addition to the economic factors of supply and demand, farmers are also at the mercy of the UK’s changeable weather. While one year might produce a bumper crop the next might be a total failure, and there are very few certainties that farmers can count on.

With this in mind it’s vital that farmers have some way to counteract the annual fluctuations in their farm’s profitability, and being able to access a flexible and specialised form of finance is invaluable for those in the agricultural sector. Farm finance is a key part of any farmer’s year-to-year strategy, and without a stable backup plan that can provide cash when it’s needed farms are in a very precarious position.

While farm finance might be a necessity, farmers should be careful to understand precisely what the terms and conditions of these loans are. Although many farm finance specialists are able to provide highly tailored solutions that mirror the needs of their clients, not all loans are suitable for every situation. Therefore, farmers should seek the counsel of a professional financial advisor before committing to a financial product of any type, in order to ensure it’s appropriate for their circumstances.

Yellow Plant Finance by Richmond Asset Finance

20th January 2022 / admin / Comments Off

We can finance a range of yellow plant to the construction related industries. In addition, Richmond Asset Finance can finance new and used excavators, mini diggers, backhoes, loading shovels, mini excavators, crushers, cranes, dozers, dump trucks, tractors to business in the UK.

Richmond Asset Finance specialise in arranging business finance and leasing of all yellow plant and construction equipment from most of the recognised brands in the market place such as Hitachi, CAT, JCB, Kobelco, Benford, Komatsu to name but a few. We can also arrange business finance and leasing on other yellow plant and machinery such as Excavators, Dozers, Dumpers and Rubber Tyred Machines, Teleporters and also peripheral equipment like Rock Breakers and Buckets to suit all types of machines.

The team at Richmond Asset Asset Finance pride ourselves on supplying a prompt, reliable and helpful business finance and leasing service at all times and are confident that the quality of our service and standard of service is second to none.

Whether you’re a long-established business, having current trading difficulties, new start up or a Phoenix Company, we have the experience and funders to get the deal you are looking for!

Agricultural Finance
Asset Finance
Asset Re-Finance
Commercial Bridging Finance
Haulage Finance