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  • Chris Mangle's photo

    Chris Mangle
    Executive Director
    —

    With over 20 years’ experience in business-to-business finance, I pride myself on having a keen eye for detail, coupled with an excellent network of finance and non-finance professionals, colleagues and friends.

    Throughout my industry experience I have worked with companies which are owner-managed right through to large corporates and PLCs. The businesses I’ve continually worked with operate in nearly every sector and industry, throughout the UK.

    Over the years I have had many successes in helping businesses finance assets, working capital, restructure, refinance, right through to orderly disposal of debt and assets.

    Whether working with owner-managed SME clients or large corporates and PLCs, I thrive on seeing the impact of delivering solutions for our customers and playing a part in their success.

    In my spare time I enjoy quality time with my family, work on reducing my golf handicap, the occassional mountain walk along with mountain biking.

    Email: chris@custombusinessfinance.co.uk

    Phone: 07702951828

  • Martin Taylor's photo

    Martin Taylor
    Executive Director
    —

    I have 20 years plus experience working for some of the UK's largest financiers in Lombard and Santander and now I am co owner in Custom Business Finance based in Rotherham, South Yorkshire.

    I have reputation for being hardworking, honest, and a reliable individual. I pride myself on building strong working relationships with businesses of all sizes, from new start-ups to multimillion pound organisations.

    I thrive on being able to make a real difference to my clients and helping their businesses grow. Working with a wide array of businesses has given me a real insight into the day-to-day challenges that different businesses face. Being able to present commercially sound and well-structured funding solutions to aid these challenges is highly rewarding.

    When I’m not working, I’m either trying to improve my golf handicap or spending time with my young family and friends.

    Email: martin@custombusinessfinance.co.uk

    Phone: 07702951835

  • David Catling's photo

    David Catling
    Executive Director
    —

    I started my career at the RBS Group specifically Lombard Asset Finance in 2003 after graduating with an honours degree in Business and Marketing from Hull University. Having undertaken various roles spanning 6 Counties across many years, I developed many skills, which allowed me to transfer them to Custom Business Finance when we set the business up in 2016. 

    I have a genuine passion for finance and enjoy supporting our clients’ ambitions. We get involved in some exciting projects, small and large for all sorts of things such as asset finance and asset re-finance, commercial property, property development, invoice discounting and working capital solutions. Clients can range from new start ups to SMEs to large corporate PLC entities spanning a diverse sector base.

    In my spare time, I enjoy working out on my spin bike, coaching my twin boys football team, walking, visiting pubs and dining out restaurants with family and friends.

    Email: david@custombusinessfinance.co.uk

    Phone: 07516725796

  • Helen Stinson 's photo

    Helen Stinson
    Assistant Director
    —

    I have 20 years’ experience within the finance sector commencing my first role at Lombard. I am proficient in all aspects of relationship management, payment processing, documentation and customer service. In 2007 I was promoted to the role of Assistant Relationship Manager and relocated to London. There, I was responsible for supporting a team of Relationship Managers and their portfolio of customers. 

    In 2011 I returned to my Rotherham roots and began a series of Relationship Management support roles assisting various clients, including Private Individuals, Sole Traders, Partnerships and Limited Companies, across numerous business sectors. 2018 saw me complete 17 years’ service with Lombard and with it came the realisation it was time for a new challenge.  

    In my current role at Custom Business Finance I feel honoured to be part of a business that is completely dedicated to putting customers at the heart of all that we do.

    Away from work, I enjoy travelling, long walks in the countryside, listening to music and the occasional glass of red wine - hiccup.

    I very much look forward to working with you in the future and supporting all of your business needs. 

    Email: helen@custombusinessfinance.co.uk

    Phone: 07546511124

  • Ben Brown's photo

    Ben Brown
    Assistant Relationship Manager
    —

    I left college with strong qualifications and started employment at a local comprehensive school where I worked in their ICT department. After a year or so I moved into a classroom teaching environment having completed a HLTA qualification. This elevated my communication and interpersonal skills as I was more involved with behaviour management and in charge of external provision.

    Working with people and making a difference is a real passion of mine so now having the opportunity to work at Custom Business Finance in a different environment was an opportunity I grabbed with both hands.

    In my spare time I enjoy socialising, spending time with family, mixing with friends and going to the gym as often as I can.

    I look forward to working with new acquaintances as I develop new skills with CBF.

    Email: ben@custombusinessfinance.co.uk

    Phone: 07375830917

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Alternatively please contact us on:

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0114 442 8008

Asset Finance

Asset Finance

There are so many asset finance options it can be confusing. But these are generally broken down into four areas: hire purchase and lease purchase, finance lease, operating lease and contract hire. If you need to invest in your business, one of these options could be the simple solution.

Hire and Lease Purchase

Hire Purchase and Lease Purchase are typically the same thing. Whether your business needs to buy vehicles, scaffolding, machinery, IT, engineering or manufacturing equipment or any other assets, using the asset as the security, hire purchase and lease purchase offer full ownership of the asset at the end of the agreement. Repayments can be monthly, quarterly or annually and can even be structured to suit your business’s cash flow cycle.

Asset Finance

Cash Flow

Your company’s cash flow benefits by paying for the asset in instalments, rather than in one lump sum.

Upfront Costs

Most hire purchase and lease purchase agreements will require a deposit contribution. This is usually between 5% and 10% of the net cost plus all the VAT. This can be paid in cash, by part-exchange of an existing asset or we can work on an agreement for it to be deferred until the first payment. Due to the strength of our relationship with our funders, Custom Business Finance are able to obtain zero deposit contributions in some cases.

Tax

Your business can claim writing-down allowances and can offset interest payments against taxable profits. Where applicable, the full VAT will be paid at the start of the agreement or deferred in line with your VAT reclaim date to help ease cash flow.

Interest

The interest rate can be fixed or variable. We will talk to you in more detail about these options, to ensure you make an informed decision that best suits your business needs.

Currency

If you have a regular, sustainable and proven foreign currency income, we can explore the option of securing the facility in the currency you wish to repay in.

Ready to find out more?

Finance Lease

This can be used for many types of assets also, including IT and security equipment, agricultural equipment, machinery, vehicles. If you don’t need to own the asset, then leasing might be the option that best suits your business. In a finance lease the repayments cover the full cost of the asset you wish to finance but ownership remains with the lessor. At the end of the lease agreement, you can continue leasing the asset by paying annual secondary repayments (peppercorn rental) or sell the goods to a third party and retain up to 97.5% of sale proceeds.

Alternative Finance Options

Asset Finance

Cash Flow

Your company cash flow benefits by repaying on an agreed schedule, rather than one lump sum payment.

Upfront Costs

You won’t be asked to pay a deposit. Instead, you pay rentals in advance, from as little as one monthly rental. VAT will also be spread over the term of the agreement.

Flexible

Rentals can be structured according to your anticipated cash flow.

Tax

All or part of the rentals can be offset against taxable profits.

VAT

VAT can be spread across the term of the agreement.

For VAT qualifying-vehicles, typically, 50% of the VAT can be reclaimed on rentals and the sale proceeds of a car. Where the car is a ‘pool’ car, or you have finance leased a commercial vehicle, 100% of the VAT can be reclaimed on both the rentals and sale proceeds. This is the same for business car finance, business van finance or other commercial vehicle finance.

Ready to find out more?

Operating Lease

Operating leases, sometimes known as ‘Op Leases’ are rental agreements with can be used to finance business assets such as heavy commercial vehicles, coaches, vans, cars and machinery. The funder will build a residual value into the lease agreement which will reduce the rental amount, helping cash flow. Businesses which need an asset for specific period or contract usually like this option. PCH (personal contract hire) is one form of operating lease which leasing companies can offer. For businesses we use the term Contract Hire.

Cash Flow

Your company cash flow benefits by paying in scheduled repayments, rather than one lump sum payment. The Funder or supplier of the Goods will apply a residual value and take the end of term asset risk. This will reduce the monthly repayment amounts, easing cash flow. This, in turn, could be used to match the value or terms of your customer contracts or lower cash outflow to beat your competitor's pricing.

Upfront Costs

You won’t be asked to pay a deposit; instead, you will be asked for repayment in advance, from as little as one month’s repayment, but, more typically, three months upfront payment. VAT will be spread over the term of the agreement.

Fixed Maintenance Contracts

Fixed maintenance contracts can be built into the monthly repayments.

Tax

All or part of the rentals can be offset against taxable profits. The asset can normally be treated as ‘off-balance sheet’ (subject to your auditors’ approval).

End of Lease Options

At the end of the primary term, you can return the asset, extend the period or seek to act as agent in the sale of the equipment.

Ready to find out more?

Contract Hire

If you want to lease a vehicle or a fleet of vehicles for your business, then Contract Hire provides the solution. The contract hire rental will include the road fund licence for the vehicles and they can be hired on a fully maintained basis so you can simply insure, fuel and go.

Asset Finance

Cash Flow

Your cashflow benefits by paying monthly repayments, rather than one lump sum payment. With one fixed monthly rental, you can spread the cost of vehicle hire over the useful life of the vehicle. Fleet management is available for growing fleets, meaning it can grow with your business.

Upfront Costs

You won’t be asked to pay a deposit. Instead, you will be asked for repayment in advance, from as little as one monthly rental but typically three months in advance. VAT will be spread over the term of the agreement.

Buying Power

You can benefit from the purchasing power of the Contract Hire company with vehicle prices significantly discounted along with associated maintenance costs.

Tax

All or part of the rentals can be offset against taxable profits.

VAT

Typically, 50% of the VAT can be reclaimed on rentals for a car and 100% on the maintenance costs. If you contract hire a commercial vehicle, 100% of the VAT can be reclaimed on both the rentals and the maintenance.

End of Lease Options

At the end of the primary term, you can return the vehicle and be assured that the British Vehicle Rental and Leasing Association (BVRLA) ‘fair wear and tear’ policy is applied. Equally, you may explore the option of extending the hire or purchasing the vehicle (subject to approval).

Future Value Risk

The disposal of the vehicle at the end of the contract sits with the contract hire company and not with your business.

Ready to find out more?

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CBF logo Meet the team

  • Ben Brown
    Assistant Relationship Manager
    —

  • Chris Mangle
    Executive Director
    —

  • David Catling
    Executive Director
    —

  • Helen Stinson
    Assistant Director
    —

  • Martin Taylor
    Executive Director
    —

Read more