Construction Plant Finance Ltd launches this month dedicated to the provision of competitive and flexible finance solutions exclusively for the UK construction industry.
Significantly, Construction Plant Finance Ltd, headquartered in Hampshire, fills a 20-year gap in the construction sector. It is the first independent finance company to be introduced solely for the construction plant and equipment sector since 1997 that is neither owned by a bank nor linked to a manufacturer.
While the company may be new, the team behind it has decades of experience within both asset finance solutions and the construction industry. Construction Plant Finance is a joint venture between the long-established names of SKM Asset Finance Ltd and Corporate Asset Solutions Ltd bringing together the collective expertise, management and operational skills of both finance businesses.
“We are really pleased to be in a position to launch a dedicated, truly independent finance company for the construction plant sector. The team at Construction Plant Finance has a thorough understanding of the industry and unlike some lenders, speak the ‘customer’s language’. The specialist strengths of both businesses behind Construction Plant Finance complement each other perfectly from both a sales and operational perspective,” says Steve Moody, Director of Construction Plant Finance Ltd and SKM Asset Finance Ltd, who has over 30 years’ experience in the industry.
Corporate Asset Solutions, meanwhile, was established in 2004. It is a privately-owned award-winning finance and leasing company headquartered near Southampton. They bring their resources, expertise and innovative lease management systems to Construction Plant Finance and will be responsible for all back office and operational activities. This infrastructure and technology means Construction Plant Finance is well placed to provide swift decisions for transactions.
Construction Plant Finance will trade as a separate entity alongside the existing companies and provide a distinct offering to customers, through a range of robust asset finance options tailored specifically to the fluctuating needs of the construction industry.
Options include Hire Purchase, Finance Lease, Operating Lease and Contract Rental specifically for financing construction plant with competitive solutions available for standard plant; from dumpers and excavators, to more specialist equipment such as vacuum excavators, cranes, road rail and waste recycling.
The company will also be offering ‘Green Finance’ to meet the evolving demand for electric and solar powered construction equipment, for an ever-increasing number of locations where cleaner machines with zero emissions are needed. Such equipment can range from electric excavators and dumpers, to solar powered lighting towers and welfare units. Traditionally, they are more expensive purchases than their diesel counterparts. Construction Plant Finance offers competitive and flexible finance options to make the purchase of this equipment affordable and cost-effective.
Groundbreaker from HCBF - 13/06/2014