RBTE 18: Key Finance showcasing innovative retail funding tools

Project-Based Lending, ShopFit Funder and Software Funder available to retailers of all sizes

Free leasing consultancy also available to all visitors to the Retail Business Technology Expo

COBHAM, SURREY: Key Finance is once again attending the Retail Business Technology Expo to demonstrate its unique funding opportunities for retailers.

At the heart of its business, Key Finance’s unique Project-Based Lending (PBL) tool provides complete funding for core and associated project costs at hugely competitive rates.

PBL is different because it eschews the historic restrictions of asset-based lending – instead recognising a client’s ability to pay, not the value of its assets and equipment.

A spin-off and highly-targeted tool, ShopFit Funder provides a new way for retailers to finance a huge variety of projects, including shop builds, shop fits and shop refits. Encompassing everything from fixtures & fittings and IT, through to architectural and planning costs, ShopFit Funder also covers the build and maintenance of warehouse and distribution centres.

Shopfit Funder helps retailers not just with cash flow and budgeting, but also administration, by pulling all costs associated with a project into one agreement.

Meanwhile, Key Finance can provide support for software costs too, via the Software Funder tool. Many banks do not consider software a tangible asset. However, Key Finance can fund 100% of software costs, including consultancy, implementation, training, support and licence fees. Software Funder can also include the internal costs incurred when delivering a bespoke system. In short, Key Finance can help companies in the retail sector take advantage of new software, without the need any upfront investment.

“We introduced Project-Based Lending, ShopFit Funder and Software Funder to RBTE visitors in 2017 and have since helped many retailers expand and refurbish their businesses,” said Key Finance Managing Director Henry Mounsey. “We’re delighted to be returning this year and look forward to talking to retailers of all sizes about how we can help fund their new business plans.”

You can find Key Finance on Stand H168 at the Retail Business Technology Expo.

The Key Finance team will be available to provide free retail business finance consultancy to anyone interested to learn more about how they can grow their operations.

For more information about Key Finance and is funding products, visit www.keyfinance.com.

NOTES TO EDITORS

About Key Finance

Established in 1987 by Chairman John Mounsey, Key Finance is a family-owned specialist lease company providing competitive finance products across both hard and soft assets to both SMEs and international PLCs. The business practices, ideals and ethics remain the same as when Key Finance first started serving the IT community nearly 30 years ago. www.keyfinance.com

Press Contacts

Mimram Media: Lisa Carter

Lisa.carter@mimrammedia.com

Tel: 07970 164201

Key Finance unveils innovative engineering & manufacturing technology finance tools

100% funding of machinery now available via unique Project-Based Lending initiative

MACH 2018, BIRMINGHAM, UK: Key Finance has extended its ability to 100% fund large scale projects with a new finance offering for engineering and manufacturing businesses.

Key Finance’s unique Project-Based Lending (PBL) tool provides complete funding for core and associated project costs at hugely competitive rates.

The company recently worked with a leading UK aerospace manufacturer to facilitate £1.2 million funding for a new state-of-the-art riveting machine, where there was a requirement to spread the cost of the investment over time with an international supplier.

PBL is different because it eschews the historic restrictions of asset-based lending – instead recognising a client’s ability to pay, not the value of its assets and equipment.

Key Finance is also able to work with engineering and manufacturing industry suppliers through its Vendor Programme, which has been designed to help them offer quick and easy finance to their clients.

Key Finance has been providing financial support to some of the biggest companies across the globe for over 30 years, essentially working as an extension of in-house finance departments.

“Manufacturing is facing numerous challenges in today’s economic and political climate, but the roll-out of our PBL tool means that the ability to fund expansions and improvements should not be one of them,” said Key Finance Managing Director Henry Mounsey.

“We’re incredibly proud of the reputation our family-run business has earned and we welcome the opportunity to work with new clients of any size in the manufacturing sector.”

Key Finance is providing more details about its Project-Based Lending tool during MACH 2018 at the Birmingham NEC on Stand H7-131a.

For more information about PBL and other Key Finance products, visit www.keyfinance.com.

NOTES TO EDITORS

About Key Finance

Established in 1987 by Chairman John Mounsey, Key Finance is a family-owned specialist lease company providing competitive finance products across both hard and soft assets to both SMEs and international PLCs. The business practices, ideals and ethics remain the same as when Key Finance first started serving the IT community nearly 30 years ago. www.keyfinance.com

Press Contacts

Mimram Media: Lisa Carter

Lisa.carter@mimrammedia.com

Tel: 07970 164201

 

Retail Shopfitting & Display Summit 2018 - Putting industry trends in sharp focus

The Key Finance team attended the Retail Shopfitting & Display Summit this week - and it was a great forum for the industry to come together, make new connections and exchange ideas.

A clear theme running through both days of the event was how retailers can make sustainable profit from new store concepts, designs and re-fits.

There was also plenty of discussion around new technologies, such a visual merchandising, omni-channel marketing and experiential stores, plus how 'bricks and mortar' stores can thrive side by side with digital outlets.

As such, we spent a lot of time on our stand talking to retailers about their current projects challenges, and concerns - and the ways in which Key Finance can help.

Our Shopfit Funder tool provides a way for retailers to finance a huge variety of projects, including shop builds, shopfits and shop refits, in addition to the build and maintenance of warehouse and distribution centres - encompassing everything from fixtures & fittings and IT, through to architectural and planning costs.

In fact, we launched the product at the Retail Shopfitting & Display Summit last year, so we were able offer detail on how it has evolved since then, plus give case study insight from dozens of real-life deployments

We also had positive discussions regarding our Vendor Programme, which is designed to help industry suppliers offer quick and easy finance solutions to their clients.

So, whether we had the pleasure of meeting you at the show, or you would like more info on the above, we will be more than happy to answer any questions you may have - whether related to Shopfit Funder, our Vendor Programme or the wider world of finance.

Alternatively, please feel free to contact us directly on +44 (0) 1372 888 330 or email info@keyfinance.com.

Shopfit Funder in focus at the Retail Shopfitting & Display Summit

We’re looking forward to meeting delegates at the Retail Shopfitting & Display Summit, which is taking place on February 5th & 6th at the Radisson Blu Hotel at London Stansted.

It will be the second time that Key Finance has attended the event, which is a tremendous platform for retail professionals and industry suppliers to gather under one roof to make new connections, learn and exchange ideas.

At last year’s Summit we launched Shopfit Funder, providing a new way for retailers to finance a huge variety of projects, including shop builds, shopfits and shop refits, in addition to the build and maintenance of warehouse and distribution centres – encompassing everything from fixtures & fittings and IT, through to architectural and planning costs.

We also spent a lot of time talking to retailers about their needs, gaining invaluable feedback that has been fed directly into the further development of the Shopfit Funder tool over the last 12 months.

For the 2018 Retail Shopfitting & Display Summit, our team will be on hand with project financing advice and case studies detailing how Shopfit Funder has been successfully deployed in a variety of retail verticals.

We’ll also be seeking out more founding partners for our Vendor Programme, which is designed to help industry suppliers offer quick and easy finance solutions to their clients.

So, if you’re attending the Summit (register here if you're not!) we will be more than happy to answer any questions you may have, whether related to Shopfit Funder, our Vendor Programme or the wider world of finance.

Alternatively, please feel free to contact us directly on +44 (0) 1372 888 330 or email info@keyfinance.com.

Wishing you a Merry Christmas and prosperous 2018

At the start of this year, we set ourselves some quite clear goals - reinforce the traditional Key Finance business, launch more debt finance products, introduce new brands, exhibit at events and hire new staff to support those goals.

After a huge effort from the team, I’m delighted to say we achieved all of the above, and even a little bit more on top. That, in turn, means we’ve never been in a better position to help with your business finance needs.

In terms of events, we exhibited at the Retail Shopfitting & Display Summit, National Convenience Show, The Business Software Roadshow, Retail Business Technology Expo, and the Coffee Shop Innovation Expo.

All those events provided a tremendous platform for meeting old friends and making new acquaintances alike. We also learned a huge amount from talking directly to the industries that we serve, gaining insights and taking suggestions that have been fed straight back into our products. 

Much of our time has been spent talking to people about Shopfit Funder, a new product from Key Finance that provides the retail sector with 100% funding for shopfits, including, uniquely, soft costs. 

We believe the solution can make a real difference to retail businesses of all types, alongside its sister product Software Funder, which is also new and can help retail businesses take advantage of new software, without the need for any upfront investment.

But we can also deliver solutions for bespoke projects, with recent undertakings including a significant LED lighting installation and the funding of critical manufacturing equipment in the aerospace industry.

Elsewhere, 2017 saw Key Finance focus on industry suppliers too through our Partner Programme. This tool means vendors can offer clients payment over time, enabling the customer to pay as their solutions deliver the return on investment to their business. We provide all our Vendor Programme partners with a dedicated account manager to help create bespoke solutions for their clients.

2017 has also been notable for the number of macro economic disruptors, not least continued uncertainty over Brexit, the General Election and November’s interest rate rise.

Our aim for 2018 is to build on the progress we’ve made this year and, ultimately, help you and your business manage growth in the most cost-efficient way possible, regardless of the industry in which you operate or what goes on behind closed doors in Brussels.

Stay tuned for more exciting news from us early next year.

For now, though, all that remains is for me to wish you a very merry Christmas and a prosperous New Year from everyone here at Key Finance!

Henry Mounsey,
Managing Director, Key Finance Ltd

Engineering Machinery – Purchase Funding Case Study

Key Finance recently worked with a leading UK aerospace manufacturer.  One of our more bespoke proposals, this case study looks at the funding for a new state-of-the-art Gemcor riveting machine.

The Challenge - There was a requirement to spread the cost of the investment over time.

  • The equipment was from an international supplier. 
  • Our client had paid 40% in stage payments to the supplier towards the equipment.
  • The equipment was crucial for our client to maintain existing projects they had recently won, as well as to facilitate further expansion whilst maintaining productivity and efficiency for the factory.  

Our Solution

Key Finance were able to refinance the stage payments that the customer had already made while paying out the remaining 3 stage payments to the supplier. 

  • Our hybrid solution consisted of a Sale and Hire Purchase for the already paid stage payments and a Hire Purchase for the outstanding agreements. 
  • The solution not only improved working capital by putting the investment back into their pocket, but allowed them to spread the remaining cost of the investment over a 3 year period.  
  • Our solution allowed our client to package the benefits of two lease structures into one hybrid agreement, a capability that is unique within the market.

This transaction was undertaken as an unregulated Sale and Hire Purchase Back for the stage-payments that had been made and a Hire Purchase for the outstanding payments.

“It was a pleasure working with Key, the decisive factor was knowing that we could get 100% of our project funded, including all our soft costs.” Client Finance Director

£480k already invested. £720k to be invested

100% of the incurred cost paid back to our client

100% of the outstanding investment paid to the supplier.

£1.2m total funded.

To find out more, call us on +44 (0) 1372 888 330 or email info@keyfinance.com.

Worried about the interest rate rise? No problem, Key Finance can help

The Bank of England has raised interest rates for the first time in 10 years, from 0.25% to 0.50%.

The news spin immediately turned to the possible impact on homeowners and businesses and, put simply, an interest rate rise means the cost of borrowing is going up.

A couple of days after the announcement, discussions abound on how UK PLC will react, with concerns in some quarters that the rise ‘could send thousands of companies to the wall’.

It’s certainly true that firms relying on cheap debt to operate could see their margins squeezed further, while the still unknown impact of Brexit simply adds to uncertainty.

At Key Finance we strongly believe that the rate rise should be viewed within context - the cost of borrowing is still at an historic low and is likely to stay there for some time to come.

We also believe that the best way to deal with uncertainty is to plan ahead. The Project-Based Lending (PBL) concept that underpins all of our products (Shopfit Funder, Software Funder, Coffee Shop Funder) is an innovative finance tool.

It works for businesses in all sectors and could provide you with the key to unlocking business growth, where the whole of your project can be funded with a single arrangement. Rates are competitive and the administrative burden of project finance management is removed.

Funding in this way means that payments made are an operating cost to the business – PBL is generally 100% allowable against taxable profits.

In addition, PBL can be written on or off balance sheet, representing a significant advantage in terms of tax efficiency.

Finally, PBL offers flexibility and gives you options at the front and back end, as well as with payment terms.

Put simply, it’s a convenient and easy way to fund the growth of your business, offering medium to long term certainly regardless of external influences.

To find out more, call us on +44 (0) 1372 888 330 or email info@keyfinance.com.

From the show floor: Coffee Shop Innovation Expo

The Key Finance team was out in force at the Coffee Shop Innovation Expo last week, for two days of networking with the cream of the UK’s hospitality and catering industries.

In fact, while our stand (and magician!) were located in the Coffee Shop Innovation Expo, this was actually 7 (seven) shows in one, encompassing - deep breath - Restaurant Tech Live, Bar Tech Live, Hotel Tech Live, Takeaway & Restaurant Innovation, Restaurant & Bar Design Show, Streetfood Live and the Food Entrepreneur Show.

It’s a good job that the ExCel venue in London’s Docklands is, well, huge.

And it’s a good job we had seven people manning stand 311, as it seems one thing connecting these different sectors is a need for innovative ways to finance business growth.

While our awesome show floor magician James Phelan and our smart new branding certainly contributed to the footfall on the Key Finance stand, we were warmed by the reception given and feedback received for our Shopfit Funder tool.

Shopfit Funder can provide funding across a huge variety of projects in the hospitality industry, including shop builds, shop fits and shop refits, in addition to the build and maintenance of warehouse and distribution centres – encompassing everything from fixtures & fittings and IT, through to architectural and planning costs. 

It helps businesses large and small not just with cash flow and budgeting, but also administration, by pulling all costs associated with a project into one agreement.

The feedback we received from delegates at the Coffee Shop Innovation Expo means we can hone Shopfit Funder further for the catering and hospitality sectors, so stay tuned for developments on that front.

And, of course, if you didn’t manage to make it along to the show we would be more than happy to answer any questions you may have, whether related to Shopfit Funder or the wider world of finance.

Please feel free to contact us directly on +44 (0) 1372 888 330 or email info@keyfinance.com.

Join Key Finance at the Coffee Shop Innovation Expo

Coffee Shop Innovation Expo is the only event dedicated to helping professionals working across the café, coffee shop and catering industries to grow their business. The event is free to attend and takes place on the 26th & 27th of September 2017 at ExCeL, London.

We'll be there on Stand 311, with details of three innovative ways to finance the growth of your coffee shop, hospitality or catering business - Fit Out Funder, Software Funder and our Vendor Programme.

Order your free tickets now via the website.

Here’s a snippet of what’s on offer at Europe’s leading event for innovation in the coffee sector:

●    Learn how to stand out in today’s highly competitive £8.9 billion industry by discovering the hottest new ideas to transform the way you engage with your customers
●    Meet a whole host of marketing experts and learn how to attract lots of new clients
●    Stay up-to-date with market trends by obtaining the techniques, tools and strategies that are breaking new ground in an industry that is currently evolving at an extraordinary rate
●    Benefit from unparalleled networking opportunities with over 3,000 industry professionals
●    Take in exclusive seminars from an exceptional array of pioneering coffee shop business experts

Find out how to build a coffee shop empire by taking advantage of the show’s amazing line-up, including over 200 of the most cutting-edge suppliers, interactive features, networking opportunities, 1-2-1 expert advice, 150 seminars led by the industry’s most influential figures and much more!

Plus, the show runs alongside no fewer than 6 leading hospitality events, which showcase the very latest in design, technology and innovation across the breadth of the sector, including Restaurant Design Show, the UK's largest and most comprehensive event specifically aimed at restaurant, bar and café interior designers and Restaurant Tech Live, Europe’s leading event for the technologies that are breaking new ground in the restaurant sector. You can find out more information on all of the six shows at www.restaurantbusinessshow.com.

Register now for your free ticket to Coffee Shop Innovation at www.cafebusinessshow.co.uk.

Meet with Key Finance at the Coffee Shop Innovation Expo!

We’re excited to be exhibiting at the Coffee Shop Innovation Expo, which is taking place on September 26th & 27th 2017 at the ExCel in London.

If you’re attending, come and find us at Stand 311 - We’ll have some, ahem, freshly ground coffee-based refreshments, plus three innovative business finance tools for the complete funding of core and associated costs for a variety of essential projects in the café, coffee shop and catering industries.

Here's a quick taster of what we'll have brewing on the show floor:

Shopfit Funder: We can provide funding across a huge variety of projects to the catering industry, including shop builds, shop fits and shop refits, in addition to the build and maintenance of warehouse and distribution centres – encompassing everything from fixtures & fittings and IT, through to architectural and planning costs. This tool helps retailers not just with cash flow and budgeting, but also administration, by pulling all costs associated with a project into one agreement.
[Download Fact Sheet]

Software Funder: We have been providing funding for IT and software for more than 30 years. Many banks do not consider software a tangible asset. However, we can fund 100% of software costs with Software Funder, including consultancy, implementation, training, support and licence fees. Software Funder can also include the internal costs incurred when delivering a bespoke system. In short, we can help catering businesses take advantage of new software, without the need for any upfront investment.
[Download Fact Sheet]

Vendor Programme: This tool means vendors to the cater industries can offer clients payment over time, enabling the customer to pay as their solutions deliver the return on investment to their business. Incorporating a finance option within a sales arsenal is crucial to providing a holistic vendor offering. We provide all our Vendor Programme partners with a dedicated account manager to help create bespoke solutions for their clients.
[Download Fact Sheet]

So pop along to see us at Coffee Shop Innovation Expo - We would be more than happy to answer any questions you may have, whether related to the above tools or the wider world of finance.

Alternatively, please feel free to contact us directly on +44 (0) 1372 888 330 or email info@keyfinance.com.