
Wellington Welding and Focus have worked together since 2010.
Since then we have helped all different types of businesses benefit from the solutions that Wellington Welding offer.
Whether you are a new business or a large company we have facilities to suit your individual requirements. Finance is available to non regulated customers which includes limited companies and larger partnerships.
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.
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.
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.
Get in touch with Wellington Welding to discuss your exact requirements. They will provide you with a quotation.
Tell us your preferred finance term and we will advise what information we will require from you.
As soon as we have credit approval we will issue a formal acceptance. We will then send you the agreement to sign.
We are of course here to answer any questions you may have. Once received we will notify Wellington Welding that everything is in place.
Wellington Welding will liaise directly with you regarding a delivery date. Once delivery has taken place, we will be in touch to confirm this with you.
We arrange for Wellington Welding to be paid and your agreement activated. We will still always be on hand to answer any questions you may have.
Focus can offer you a finance solution for any machine you choose from Wellington Welding.
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.
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. This has been taking slightly longer in recent months due to the pandemic. 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.
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.
You will not get an invoice directly from the supplier
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.
We have published this message as the payment that has been collected from you has nothing to do with our company. We are an asset finance company in Hampshire, we do not collect direct debits from any customers and only deal with businesses.
We receive many calls about this, as we have a similar name to the company that is collecting these direct debits. The company responsible is Focus Finance and Marketing Limited. Their website is below, however they do not answer their phone or respond:
https://www.focusfinance.co.uk/
Our understanding is that bank details are being obtained from people unknowingly, or on the pretence of providing a loan, and this is a fraudulent company.
We would therefore request you contact your bank to report this and ask them to escalate to their fraud team and stop further payments from being taken.
Please also report Focus Finance & Marketing Limited to:
ActionFraud
Financial Conduct Authority
Information Commissioners Office
We are now at a point where this is impacting our business, so we are also doing everything we can to get them shut down so your help would be appreciated.
Please feel free to copy the above message to provide to your bank.