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Asset Finance (Renwables) – Leicestershire

LED Lighting Funding Requirement £805k

The situation: A large PLC required a lighting re-fit of one of its warehouses. The warehouse used lighting 24 hours a day and saw the benefit in installing LED lighting units, where the energy usage was 75% lower than their current units, but also had a life span of 10 years. This meant that the PLC didn’t have to replace the bulbs on an yearly basis. The replacement of bulbs meant a day’s closure of the warehouse and a team of installers who were expensive, this was not cost productive. The decision was made that a finance option may be a good solution to fund the units.

The Solution: A quotation was presented to Commercial Expert Ltd, due to the client being a PLC, data was readily available and a finance proposal was quickly produced to fund 100% of the fitments and installation costs. The payments were 100% tax deductible and were over a flexible term of 36,48 or 60 months, giving the client enough scope to decide which best fit their cash-flow.