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Bathgate funded new computer hardware for a new client - Finance Lease

Sector: DATA HOSTING | Value: £13,138
Equipment type: COMPUTER HARDWARE | Term: 3 YEARS

Bathgate funded new computer hardware for a new client

  • Our client hosts our computer needs at Bathgate and wanted some advice against a future equipment purchase
  • The off-the-shelf computer was going to cost some £20,000 but our client knew that they could purchase the separate components themselves and save some £7,000
  • To do this, they had to purchase the equipment directly from the suppliers and by the time they approached us, some of the equipment had already been supplied and paid for
  • Cash-flow was good so we suggested that they purchase all the component parts and that we would reimburse their outlay by writing a Sale & Leaseback agreement
  • On completion of the purchase, our client presented us with the original invoices and proofs of payment and on receipt, we transferred the whole outlay back to their bank account in same day cleared funds