In an age where having strong cash reserves is vital, finance of leisure & hospitality equipment is fundamental to any business plan. It is generally considered unwise to pay for this equipment outright, using up valuable working capital. Any spare cash reserves should be used for more pressing requirements such as paying staff salaries, purchasing stock, cash flow contingencies or identifying potential new business opportunities.
Portman Asset Finance has helped a range of leisure & hospitality businesses in the UK. Past transactions have included the provision of asset finance to a contemporary Indian restaurant (which was then nominated for an award for the quality of its restaurant equipment/kitchen layout). This customer recognised the benefit of using asset finance to maintain his own cash reserves for costs that could not be financed.