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Leeds, West Yorkshire, United Kingdom, 2013/05/24 - Waste shredding specialist UNTHA UK has launched a finance division in a bid to encourage greater growth and investment in the recycling and waste management industry.
‘UNTHA Finance’ is an asset-based lending provision, designed to make waste machinery accessible to all organisations regardless of their balance sheet, credit history or length of trade. It is hoped that this new service the brainchild of UNTHA UK managing director Chris Oldfield will alleviate some of the financial constraints currently faced by firms looking to improve their efficiencies or expand their operations.
Comprising a range of flexible packages including shredder leasing and hire purchase, the finance service is available to any organisation for any machine from the UNTHA fleet.
Considering the reasons for setting up this new division, Chris explains: “As the economy continues to recover from the recession, many businesses are finding it hard to raise the capital to purchase a shredder outright, whilst other organisations quite rightly want to protect their cash flow.
“However with Government funding notoriously complicated and many financial institutions still reluctant to lend, this can leave companies with very few investment alternatives. It is perhaps even harder for new start ups or companies that don’t have a particularly strong balance sheet. So rather than simply watching these struggles take place, we’ve actually taken action.”
With utmost confidence in its future-proofed shredding technology, UNTHA will lend against the value of the machines. This means that UNTHA shredders are now accessible to all organisations regardless of their financial status and business history. It is hoped that this will prevent vital waste, recycling and resource recovery projects from being delayed or worse still shelved.
Chris continues: “Our shredders have been engineered with customer benefits in mind. We have designed a number of features that together guarantee unparalleled configurability, throughput, uptime and ease of maintenance. When combined with low operating costs and competitive purchase prices, clients can quickly achieve a return on their investment.
“However our introduction of financial support, coupled with our extensive knowledge of Government grants and incentives, means that the shredders are now more affordable than ever.”
The launch of UNTHA UK’s finance packages comes at an exciting time for the industry, considering also the Government’s revisions to capital allowances. Under the Finance Bill 2013 it has been reported that, for a temporary period of only two years, companies can claim 100% tax allowance on their investment in plant and machinery between £25,000 and £250,000.
Given this interesting incentive, and the steps UNTHA UK has taken to introduce greater flexibility to the procurement process, Chris feels the business case for a waste shredder investment has never been stronger.
He concludes: “We are incredibly passionate about encouraging waste and recycling operations to progress and better commit to the UK’s environmental agenda, and feel that we are providing them with the necessary assistance to do just that. Whether we are helping a new machinery customer, or a company wishing to upgrade their shredder, we are removing the obstacles that would prevent their technology investment.
“The longer it proved difficult for recyclers, MRFs and alternative fuel producers to secure financial assistance, the greater than risk of the industry becoming stagnant, which is something the UK cannot afford.”