Case Study

Printing Machinery Upgrade

Company —
Digital Press
Business Type —
Printing & Press
Requirement —
Machinery finance to replace equipment
Solution —
Lease Finance

“Replacing Obsolete Print Equipment Keeps Us Competitive”

Discover how a thriving printing business, financed printing machinery to expand its operations and upgrade obsolete equipment. This case study showcases their successful collaboration with Portman, offering valuable insights for print businesses seeking to purchase new printers with finance.

Background

This business, a printing company specialising in customised high-quality printing services, recognised the need for upgraded large format printing equipment to meet growing demand and stay ahead of competitors. To overcome considerable upfront costs, they partnered with Portman, a trusted provider of equipment finance solutions.

Challenges Faced

  1. The financial and operational consequences of using outdated equipment without a maintenance or supply service can be significant.
  2. Competitive Landscape: To remain competitive, this business needed advanced printing machinery to deliver superior quality and expand their service range.

Solution Provided by Portman Finance Group

  1. Portman offered printing finance solutions that aligned with this business’s budget and goals. This plan enabled them to purchase new printers without experiencing any financial burden.
  2. Flexible Payment Structures: With flexible repayment terms, the business effectively managed cash flow and made affordable payments at their own pace.
  3. Industry Expertise: The finance team at Portman Finance Group possessed specialised knowledge and providing expert advice on sourcing cost-effective solutions.

Results and Benefits

  1. Enhanced Productivity and Efficiency: Upgraded printing machinery significantly improved production capabilities, enabling this business to fulfil orders faster and more efficiently.

  2. Competitive Advantage: Upgrading obsolete printing equipment allowed the business to improve product quality and turnaround time, securing a competitive edge.

  3. Financial Flexibility: Partnering with Portman relieved financial burdens, as the business preserved capital for other business needs while making manageable monthly payments.

Conclusion

Businesses can benefit from teaming up with Portman. They can get flexible financing, industry expertise, and obtain the latest printing technology. This partnership can help businesses grow, be more productive, offer more services, and stay competitive.

For businesses seeking to invest in new printers, stock and related equipment, considering financing solutions can be vital in an evolving print industry. Using printing equipment finance can help reduce the impact of sourcing obsolete parts and slower production times. There’s a wide range of finance options that could benefit your particular business and Portman is here to you find that finance facility.

Strategic partnerships with finance providers unlock potential for expansion, innovation, and long-term success in a competitive marketplace.

Partner with Portman, for a successful future

There are plenty of finance options out there for you, deciding which is right for you will take time and consideration. But why should you choose these financing options from Portman?

At Portman Finance Group we are focused on serving the needs of you and your businesses, and have been doing so for thousands of other businesses since 2007, raising over £1 billion in funding for UK SMEs. 

We take the time to truly understand your business and what you need, ensuring we secure the right funding for you. As both a broker and a lender, we can also offer financial options that others cannot. We promise you will have one point of contact from start to end, providing you solutions quickly, sometimes within hours.

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Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

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Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

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Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

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Start Up Loans

New businesses often need an injection of finance to get them off the ground. Asset finance for new businesses allows you to focus on running your company and bringing in customers, confident that you have the equipment, vehicle or stock you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

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Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

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Recovery Loans

Recovery Loans offer an excellent way of making sure your business gets back on its feet after the long-term effects of the pandemic and subsequent supply chain disruption. Businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS, can apply.

Recovery Loans can be used for any legitimate business purpose or simply to provide cashflow. Rates are capped and the government continues to guarantee 70% of the outstanding balance, giving added security for lenders who are now able to consider finance for businesses who may have previously found it difficult to obtain.

Up to £2m can be borrowed on terms from 2 to 6 years. Your personal private residence cannot be taken as security.

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