Subscribe to MEM Magazine

MEM Business

Filtration on Finance from Filtermist

Aflex Hose

Telford based clean air specialist Filtermist has partnered with asset finance provider Machinery Finance Ltd. to make it easier than ever for customers to ensure they are compliant with COSHH (Control of Substances Hazardous to Health) Regulations 2002.

Finance can be provided for most projects with a value of £5k or more, with terms typically from two – five years. This can significantly assist customers with their cashflow as Chris Smith, Machinery Finance Director, explains, “We are an Independent Asset Finance Brokerage which is free from the restrictions of a single source funder – this enables us to provide more choices for customers.

“We have 15 funders on our books including Hitachi Capital, Investec, Bibby Leasing and Close Brothers which means we can usually secure an option for the majority of customers, and because we work so closely with these lenders, we can frequently confirm a credit approval on the day of the request.”

Funding options available via Machinery Finance include:

  • Hire Purchase or Finance Leases
  • Finance up to 100% of the purchase price – a deposit is not always required
  • VAT payment deferred until reclaimed
  • Consolidation of existing finance within a new purchase

Filtermist is constantly assessing if there are additional ways it can support its customers; Craig Woodward, Divisional Sales Director at Filtermist, comments, “Finance isn’t such an issue for most companies investing in one or two filtration units, but some of the larger extraction projects that we deliver can run into tens of thousands of pounds, so being able to offer our customers an easy way to help them finance this type of investment could be really valuable.

“Ongoing aftermarket support can also be included in the deal meaning customers can be confident that all maintenance and routine LEV tests, which are a legal requirement under COSHH regs, are also accounted for during the lifespan of the agreement.”

As with all finance, final decisions and interest rates are subject to status, and terms and conditions apply.

Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News

Share this post

Subscribe to MEM Newsletters!