Phone-alt

01794 335750

Linkedin Facebook Twitter Pinterest Instagram Youtube Envelope
Almig 1

ASSET FINANCE

The simple and painless way to achieve the solution your organisation needs

finance solutions for your new compressor

Almig UK and Focus have known each other for many years. 

Focus have been helping businesses to finance their compressed air solutions for decades.  Almig are pleased to offer this facility to their customers.

Whether you are a new business or a large company we have facilities to suit your individual requirements.  Not all businesses are the same, and we speak to every one to understand their exact needs and provide a bespoke solution to achieve these.  

Finance is available to non regulated customers which includes limited companies and larger partnerships.

finance figures

The type of finance that will be most suitable will depend on a number of factors. 

These will include the annual capital expenditure for the business and whether it is VAT registered. 

We would always suggest that requirements are discussed with the company’s accountant to determine which option is best.  We are also happy to speak with them to answer any questions they may have.    

lease rental

lease rental

VAT payable on each rental - Various options to retain the asset at the end of the lease - Accounted for as revenue expenditure
find out more

hire purchase

hire purchase

VAT payable up front - Option to purchase fee with last payment - Accounted for as capital expenditure
find out more

Once you have your quote from Almig, just call or email us a copy and we will send an illustration straight back to you. 

Please note that no deposit is required, so unless specifically requested we will provide figures with no lump sum deposit payable.

Please note any figures issued assume your business has been trading for more than 3 years and are subject to credit approval.  Let us know if you are a younger business.

the process

Once you have decided your requirements, it is a very simple process for you.  We realise that you will have many decisions to make and other demands on your time.  We arrange everything in the background, keeping you updated where required.

you contact Almig with your requirements

Get in touch with Almig to discuss your exact requirements.  They will provide you with a quotation.

obtain finance figures

Contact us for a bespoke illustration. 

you confirm you wish to proceed

Tell us your preferred finance term and we will advise what information we will require from you. 

we obtain credit approval

As soon as we have credit approval we will issue a formal acceptance.  We will then send you the agreement to sign and confirm any deposit that needs to be paid to Almig.

you review and sign the documentation

We are of course here to answer any questions you may have.  Once received we will notify Almig that everything is in place.

Almig process your order

Once a delivery date has been confirmed, we will contact you to confirm you are happy for your agreement to commence and Almig will then be paid the balance due to them.

you take delivery

Start benefitting from your new compressed air solution and look forward to receiving your welcome pack from us.  We will still always be on hand to answer any questions you may have. 

benefits of asset finance

Focus can offer you finance for any sized compressed air solution from Almig.

We cover the whole of the UK and have facilities to suit all types of business, from start up ventures to PLCs.

Asset finance is often used instead of outright purchase, as cash is king when it comes to the health of a business. Even the most profitable companies cannot survive with insufficient cash. 

Managers have to ensure they have enough cash to meet their day to day needs, their expansion plans, and reserves to fall back on when business slows down or plans don’t work out.

Your new equipment can be installed and operational without the need for capital expenditure. The cash can then be used where it will produce the best return, such as in investment, operating activities or short term funding needs.

Keep existing banking arrangements, and credit lines free for more appropriate uses. Our finance facilities cannot be withdrawn like overdraft facilities.

Our finance payments are fixed for the whole term avoiding the effects of inflation and making cash flow forecasting and budgeting simpler. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cashflow when they increase.

Combat obsolescence problems or requirement changes as the equipment can be supplemented or upgraded at any time in the future.

Enable the finance payments to coincide with the benefits of having the new equipment as they start to appear. After all, you wouldn’t pay all your staff costs up front!  Finance payments may be financed as you go along by extra income obtained by having the new equipment. Have equipment at today’s prices paid for from tomorrow’s income.

By utilising the right type of finance for your equipment acquisition you can maximise or accelerate your tax relief.  We will guide you through the options available.

Finally, with Focus Finance you can expect a minimal amount of paperwork.

frequently asked questions

If you have any questions we welcome phone calls or emails and will be pleased to help.  However we realise that your time is precious and before you know it another day has passed and you have not had the time.

Some of the most frequently asked questions and answers can be found below.

Once we have the information we need from you, we can usually provide decisions within 24 hours.  Once approved the finance agreement is emailed to you to review and sign. 

This will depend on your individual circumstances, but we can obtain a lot of information from open sources, for example Companies House.  Sometimes we may require supporting financials in the way of accounts or bank statements, but we ask for as little information as possible from you. 

This will depend on a number of factors including whether you are VAT registered, cashflow and how much you have spent on equipment in your financial year. 

Please give us a call to discuss these options in more detail, or ask your accountant.

The minimum term we can offer is 12 months, and the maximum is generally 5 years.

We can provide finance solutions without the need for any deposit, or if you wish to lower your regular monthly repayments you can of course pay a deposit if you wish.

We are happy to provide you with indicative figures over the phone or by email.  If you prefer, feel free to use the calculator below to give you an idea of figures by entering the solution cost and deposit (if any) that you wish to pay.  Please note that these are based on businesses trading for more than 3 years and are subject to credit approval.  If you are a younger business just give us a call or submit the enquiry form below and we will provide you with a bespoke illustration.

There are no up front fees payable to Focus for arranging a facility.

There is a documentation fee payable to the funder with the first payment, and this is typically £150.00.

End of term arrangements will depend on the facility most suitable for you. 

Details of all fees will be clearly stated on any documentation issued to you.

Once the finance has been approved, we will confirm the deposit amount required if any.  This will then need to be paid to Amig to secure your order.  

This will then not be collected under the finance agreement again. 

Almig will not invoice you for any deposit paid.  They will note this on the invoice to the finance company and will be paid the balance. 

Your signed hire purchase agreement will be the VAT document for HMRC purposes.  In the case of a lease rental a VAT schedule will be issued to you. 

You can settle the finance at any point throughout your agreement, but all payments under the agreement will still be due, sometimes with a small discount for early settlement.

finance your compressed air solution from Almig

Enter your details below and we will contact you to give you a bespoke illustration and answer any finance questions

privacy

By entering your details you agree to be contacted by Focus Finance. You can read our privacy policy by clicking below.
privacy policy

to contact Almig UK directly: