Erecting scaffolding is a vital part of the job completion process for many construction businesses. Whether working on residential homes or larger-scale commercial projects, many companies in the construction industry are unable to progress a job without scaffolding.
The cost of scaffolding, however, can be huge – especially if required for a large project, as the cost hinges on the size and duration of the undertaking.
For smaller construction businesses, this can cause difficulties – particularly if you’re still awaiting payment from previous jobs.
Our scaffolding finance arrangements can be a massive help to construction businesses, aiding with timely project completion while supporting your cash flow.
Contact our expert team to discover more about our dedicated scaffolding finance and scaffolding lease arrangements.
Need help? Call us on 0191 410 4776
What is scaffolding finance?
According to Checkatrade, the average cost of scaffolding is typically around £22.50 per m2. This cost quickly adds up, even for smaller residential jobs, and can be a huge cost for larger projects.
Scaffolding equipment finance, whereby your business can spread the cost of scaffolding into manageable monthly payments, can therefore be a helpful aid for construction companies. A scaffolding finance arrangement can help you take on a wider range of projects and preserve working capital.
Financing can be particularly beneficial in the construction industry, given the prominence of invoicing. A financing arrangement can ensure that your cash flow remains regular, giving you the opportunity to budget more effectively for the future.
Purchasing scaffolding outright can be beneficial for some businesses. However, for most businesses and sole traders, scaffolding finance can help maintain your cash flow and grow your business comfortably and sustainably.
Scaffolding finance options
At Anglo Scottish, we offer a range of scaffolding equipment finance options to help support your business growth. Our expert support team will work with you to find out more about your specific situation and requirements and help identify which of these options are best suited to you.
Hire purchase is a type of finance that allows your business to spread the cost of your scaffolding over a set period.
An operating lease is an agreement that allows your business to pay to use and operate scaffolding for a fixed period, without actually owning it.
A finance lease is similar to an operating lease in that you can use and benefit from scaffolding without owning it. However, unlike an operating lease, a finance lease will appear on the balance sheet of your business.
Benefits of scaffolding finance
Opting to finance your scaffolding with a scaffolding equipment lease, rather than buying outright, can have a range of benefits for a construction business.
The right finance arrangement will preserve your working capital, allowing you flexibility with future projects and the ability to budget more effectively.
Depending on the nature of your business, the consistent payment options offered by a scaffolding equipment finance plan could help you negate seasonal payment patterns.
In many events, the monthly payments on your scaffolding are 100% tax-deductible. This means that you could also enjoy tax benefits as a result of financing scaffolding, instead of buying outright.
Securing your scaffolding finance
Securing your scaffolding finance at Anglo Scottish has never been easier. Thanks to our varied funding portfolio of over 70 funders, we can connect you with the right funding arrangement for your business.
Simply tell us how much scaffolding you need to finance and how long you need to finance it for. Our expert team can then work with you to identify the best possible lending terms for your situation.
HOW IT WORKS
Decide on the asset you need to help your business.
Talk to us, our team fully understands your operational and managerial requirements and can help you find the best deal for you..
We will run through all of your available options and find the right agreement that will meet your needs.
Sign your document, once approved we’ll send you your documents to sign. After which we will transfer payment to your asset supplier
We’ll do a final check to make sure everything is running smoothly, and you can start reaping the benefits of your new asset.