Levels Above Change Direction With Help From Anglo Scottish
10th May 2022
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Former rental broker, Levels Above, has changed direction to become a plant hire company, with help from Anglo Scottish.
Levels Above, which has its headquarters in Batley, West Yorkshire, was able to pivot its offering, mid-pandemic, at the beginning of 2022, with the assistance of Anglo Scottish who helped the company gain £160,000 in finance. This enabled the company purchase a new van and 14 state-of-the-art scissor lifts, which the company has already hired out to clients such as the Royal Air Force and Sainsbury’s supermarket.
Having built up a strong client base, owners, Russell Anderson, and Neil Blakemore, decided the time was right to invest in their own equipment and switch their business from a rental broker to a plant hire company, resulting in a significant increase in its profit margin, from 25% to 75%.
Russell Anderson, said: “Since the formation of Levels Above, we have built a phenomenal client base and secured contracts with the likes of Harrogate Nightingale Hospital, the well-known high street brand, Next, Trafford shopping centre, and St Steven’s shopping centre, in Hull.
“In our second financial year, we have seen turnover increase from £750,000 to £2.5 million. We made the decision to change our business model even though we experienced such growth. In the next financial year, we expect turnover to be in the region of £2.5 to £3 million but, unlike previous years, our profitability will be far greater. In addition, the machinery we have purchased means that we now have assets that will hold residual value at the end of their life cycle.
“All of this would not have been possible without Anglo Scottish. From start to finish, the service we have received has been exemplary and, unlike when you approach a bank for finance, they work with a plethora of lenders and so were able to find us the best deal possible. We view this as the start of a long-term working relationship and plan to seek help with further finance on a variety of equipment.”
Dan Gowland, business development manager, Anglo Scottish Asset Finance, said: “It is always fantastic to see businesses, such as Levels Above, look at new ways to increase profitability. At Anglo Scottish, we also monitor the market to see what services we can add to our portfolio in order to benefit our client base such as our most recent offering, prestige car finance.
“Levels Above is thriving and we look forward to continuing to help it add to its growing list of assets which will further increase profitability. There is simply no better feeling than receiving feedback from clients that our services have had a positive impact on business productivity and, ultimately, their bottom line.
“Anglo Scottish is an enabler for business growth and we do not take the relationships we develop with our customers lightly. That is why we continue to streamline our processes and it is our promise that we will always look to find the lender that is the best fit at all times.”
If you’d like to find out how Anglo Scottish could help your business, get in contact with a member of the team today.
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