YOUR BUSINESS SPRING 2019 - 51

MARCH _ 2019

benefit from the latest equipment,
more than a third of the 250 decisionmakers surveyed said they'd expect
to see an increase in the quality of
services. One in four (26%) said it would
help them increase profit margins.

Retain capital

Firms need to ensure they retain as much
capital as they can as they attempt to grow,
or they risk the future of their business.
This may be why some decide against
upgrading equipment, even though they
know it could make for higher profits.
Nearly half (49%) of Shire's survey
respondents said a lack of funds for
equipment has prevented their business
from scaling up. However, businesses
might be missing a trick. By leasing
the equipment, they could retain a
healthy cashflow while benefiting
from the best-in-class technology that
could catapult them to the next level.
SMEs looking to punch above
their weight also need to find a way
of doing things in a better, more
efficient way than their larger market
competitors. Often that means being
more technologically nimble than other
players. Leasing equipment allows them
access to the latest technology without
having to account for depreciation.

Keep staff motivated

By bringing new equipment into the
business, firms are not only realising
their potential but also enabling staff
to work to the best of their abilities,
helping them to stay motivated.
In Shire's survey, 85% of employees
said outdated equipment - or a lack
of equipment - within their company
has hindered their working ability.

All about
Shire Leasing
Shire Leasing is an FCA-authorised
provider of business finance solutions
and can provide equipment finance
for all types of businesses. It has
received a number of awards,
including Innovator of the Year at
the 2018 Leasing World Awards and
Top Hybrid Funder of the Year at
the 2017 Leasing World Awards.

85% OF EMPLOYEES
SAY OUTDATED
EQUIPMENT
HINDERS THEIR
WORKING ABILITY
The last thing firms can afford to do
as they look to take on more work is
lose key members of their workforce.
Leasing equipment could enable
SMEs to upgrade old machines and set
them on a path for growth. But first,
they need to know it's an option.
Shire Leasing has made it its mission
to help businesses achieve what
they've set out to do by providing a
range of finance solutions including
finance lease, hire purchase and sale
and leaseback, all tailored to meet the
needs of each individual business.
Working across a variety of sectors,
from catering to IT, Shire Leasing's
finance solutions allow firms with an
appetite for growth to protect existing
credit lines as they attempt to take
their organisation to the next level.
To find out more about Shire
Leasing's award-winning services,
call 01827 302066 or visit
shireleasing.co.uk/yourbusiness



http://shireleasing.co.uk/yourbusiness

YOUR BUSINESS SPRING 2019

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https://europe.nxtbook.com/emp/EMP/jobsandcareerswinter2020/21/jobsandcareerswinter2020
https://europe.nxtbook.com/emp/EMP/yourbusinessmarch2020/yourbusinessmarch2020
https://europe.nxtbook.com/emp/EMP/YOUR_BUSINESS_Spring2019
http://europe.nxtbook.com/emp/EMP/2016SixnationsGuide
http://europe.nxtbook.com/emp/EMP/NationalExpress
http://europe.nxtbook.com/emp/EMP/SixNationFeb2015
http://europe.nxtbook.com/emp/EMP/National_Express_2013
https://www.nxtbookmedia.com