Barker s Finance. WELCOME TO BARKER S FINANCE, With so many Finance Brokers in the market, why choose Barker s Finance?

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1 Barker s Finance

2 Barker s Finance WELCOME TO BARKER S FINANCE, With so many Finance Brokers in the market, why choose Barker s Finance? Founded by Steve Barker, whose experience spans over 20 year s in business and many years working in the commercial vehicle sector for some of the biggest companies in the world, Steve started his own company in the early 2000 s. He successfully built his business, Total Reefer until in 2013 he sold it to the Asset Alliance Group and time for a new challenge and relishing the opportunity to work for himself once again, Barker s Finance was born. One thing that Steve s experience has taught him is that to succeed in any field of business there are some core values required; Honesty Integrity Hard work a drive to succeed Sticking to these values, Barker s Finance is well placed to give our customers top quality service with an attention to detail which makes us the Fnance Broker of choice. Whilst we are one of the fresher Finance Brokers in the industry, we are part of the Asset Finance Solutions team acting as one of their affiliate franchisee. As a result, we have access to over 50 funders and are one of the largest independent brokers in the UK. AFS have been at the forefront of asset finance since 2005.

3 Barker s Finance CONTENTS HIRE & LEASE PURCHASE FINANCE LEASE OPERATING LEASE CHILTERN GROUP TESTIMONIAL CONTRACT HIRE COMMERCIAL LOAN REFINANCE IDS TESTIMONIAL barkersfinance.com steve@barkersfinance.com 03

4 HIRE & LEASE PURCHASE A straightforward repayment facility providing outright ownership at the end of the agreement. Repayments can be fixed and structured in a flexible way; i.e. balloon or final lump sum can be applied to reduce the monthly repayment. KEY FEATURES AND BENEFITS: Preserves cashflow: offers the obvious cashflow benefits of paying in instalments Tax efficiency: as a business can claim writing down allowances and can offset interest payments against taxable profits Flexible: we can tailor deposits, periods and repayments to suit your specific personal or business requirements BALANCED PAYMENT PLANS: A variable interest rate but with fixed repayments. When base rates fluctuate, only the number of repayments varies but the amount stays the same, thus helping your administration and budgeting. barkersfinance.com steve@barkersfinance.com 04

5 FINANCE LEASE Where ownership is not required, finance leasing works well for a broad spread of business assets as well as vehicles. KEY FEATURES AND BENEFITS: Preserves cashflow: offers the obvious cashflow benefits of paying in instalments Initial deposits: can be as low as one repayment/rental down with the VAT spread over the term of the agreement Flexible: repayments/rentals can be structured according to your anticipated cashflow Tax efficient: the repayments/rentals can normally be offset against taxable profits Cost-effective: the Funder, as owner of the asset, claims the writing down allowances and passes them on to you in the form of lower repayments/rentals At the end of the lease you can continue renting the equipment by paying annual secondary repayments/rentals or sell the goods to a third party and retain up to 99% of the sale proceeds. barkersfinance.com steve@barkersfinance.com 05

6 OPERATING LEASE This is a rental agreement which can be used to finance a broad spread of business assets but is particularly effective for financing heavy commercial vehicles. The Funder builds in a residual value to reduce the rentals, thus helping cash flow and making off-balance sheet funding possible. KEY FEATURES AND BENEFITS: Preserves cashflow: offers the obvious cashflow benefits of paying in instalments Initial deposits: can be as low as one monthly rental down with the VAT spread over the term of the agreement Competitively priced: the Funder or manufacturer takes the risk in the residual value of the equipment and factors this into the rental, bringing down the periodic cost to you Fixed maintenance contracts: can also be built in to the monthly rental Tax efficient: the rentals can normally be offset against taxable profits Asset normally treated as off-balance sheet (subject to your auditors approval) Flexible: at the end of the term, you can return the asset or extend the period. Either way, you do not carry the problem of disposal of the equipment. barkersfinance.com steve@barkersfinance.com 06

7 Paul Jackson, Managing Director at Chiltern Cold Storage Group, has used Barker s Finance on a number of occasions and gives the reasons why they are his preferred choice of finance provider; 1. We get fast turnaround times on quotation requests. 2. Barker s Finance is a broker with access to a wide range of funders. as a result, they are able to match the Finance House to the asset type. 3. Rates are always competitive. 4. No nonsense approach to our requirements carried out in a professional manner. I have been delighted with the service from Barker s Finance. Paul Jackson Managing Director Chiltern Cold Storage Group

8 CONTRACT HIRE KEY FEATURES: Facilities to fund a single vehicle or fleets of vehicles for business customers Off balance sheet funding as the vehicles are owned by the Finance company Fixed monthly cost for the life of the agreement Terms can be tailored to meet specific requirements over mileage and funding period Can include all the maintenance costs or just the finance element KEY BENEFITS: Assists cashflow and budgeting by spreading the cost of vehicle ownership over the useful life of the vehicle A minimal deposit is paid, typically only 3 rentals A customer can benefit from the purchasing power of the Finance company with vehicle prices significantly discounted along with associated maintenance costs Rentals are offset against taxable profits which could reduce your tax liability No potential to lose money on disposal at the end of the contract as this is at the Finance company s risk Fleet management capability assists companies when running fleets of vehicles barkersfinance.com steve@barkersfinance.com 08

9 COMMERCIAL LOAN KEY BENEFITS: Fast flexible unsecured loans that can be used for any purpose to include, working capital, stocking finance, asset purchases, expansion capital and one off business expenses Advances typically from 5K to 250K with fixed monthly repayments spread from 6 months up to 5 years Unsupported personal guarantees are required from the Directors of Companies. Loans are available to sole traders and partnerships A fixed establishment fee is payable, which is normally added to the loan to assist cashflow Loans can be arranged quickly and available for any purpose Enables expenditure made now to be spread over up to 5 years No need to provide tangible security All the costs of the loan are known up front, due to the fixed monthly repayments, which assists with budgeting barkersfinance.com steve@barkersfinance.com 09

10 REFINANCE Refinance is a finance facility which provides a simple way of releasing equity in unencumbered assets or assets nearing the end of their original finance arrangements. The result is a speedy cashflow boost to a customer s working capital. The customer invoices the sale of the assets at current market value (or slightly less) to the new finance company who then incepts a new finance agreement and the customer receives the sale proceeds less any residual finance that may have still been outstanding to the original funder. It can also be a useful way of restructuring existing finance agreements to result in a lower monthly repayment, whilst continuing to have the use of the assets. The new finance agreement can be either Hire Purchase or Finance Lease, depending on the customer s particular circumstances, over a fixed period of time, usually a maximum of 5 years. barkersfinance.com steve@barkersfinance.com 10

11 Derek Simms has dealt with Steve Barker for over 10 years and continues the relationship by putting his trust in Barker s Finance. Clearly when organising finance for our business we need to be confident that our finance broker is capable of supplying us with industry leading competitive rates. The process is always very straight forward and response times to our requests are very quick. Derek Simms Managing Director IDS TRANSPORT (UK) LTD

12 MEMBER OF THE NATIONAL ASSOCIATION OF COMMERCIAL FINANCE BROKERS 09 barkersfinance.com barkersfinance.com