Home Customer Experiences A RELATIONSHIP BUILT ON MUTUAL LOYALTY AND TRUST

A RELATIONSHIP BUILT ON MUTUAL LOYALTY AND TRUST

ASSETS FUNDED

Finance for a TEREX TC40L crane and 55-tonne TEREX Challenger 3160 crane

Based in the Port of Tyne, Mechplant North-East Ltd is one of the longest established and most recognisable names in the North-East Plant Hire industry. It specialises in crane hire and contract lifting and can offer a wide range of cranes, operating throughout the region. Mechplant North-East Ltd is a longstanding customer of JCB Finance with its first agreement dating back to 2012. Since then, the company has funded and re-financed, a range of JCB and non-JCB equipment using JCB Finance’s Hire Purchase Plus facility. The company’s latest purchases are a TEREX TC40L crane and 55-tonne TEREX Challenger 3160 crane which Mechplant North-East Ltd has integrated into its current fleet for use on its existing workload which includes housebuilding, industrial and engineering projects.

Publish date: 14/06/2022 11:33:32

The fact that JCB Finance enables us to finance other assets outside of the JCB family is great news for the aligned Mechplant North-East Ltd and D&K Plant Hire North-East Ltd businesses, as each business has its own individual product requirements. The new TEREX cranes have actually helped us deliver the best month in terms of trading and turnover that the business has ever experienced. Since they’ve arrived, there’s also been an increase in workload and these cranes have enabled us to achieve a record month, so we’re delighted with that.

Stephen Makinson, Mechplant North-East Ltd Managing Director

The Challenge...

With fuel prices at an all-time high and rising costs on materials, there has never been a more challenging time for the construction sector in which Mechplant North-East Ltd operates. Having a trusted finance provider who understands the unique challenges the company is facing has proved invaluable to the team at Mechplant North-East Ltd and enabled them to navigate their way through these difficult times.

“Having finance in place is really helpful as with costs going up everyone needs to control their budgets. If I can get fixed payment costs, it allows the business to have the required control on its borrowings. JCB Finance understand our business as it’s all construction related. We like that you’re going to a specialist provider in the industry.

MECHPLANT NORTH-EAST LTD

Stephen Makinson, Mechplant North-East Ltd Managing Director

One of the main reasons we use JCB Finance is our Account Manager, Adrian Chawner – we have a great working relationship with him. The access is there as he’s always on the end of the phone and the decision-making process is swift. We know the team at JCB Finance, and we expect to get the best advice because the trust is there.

With over 40 years’ experience in providing asset finance for customers in the construction, agricultural and industrial sectors JCB Finance can offer fast, flexible finance solutions that help preserve working capital while spreading payments in a cost-effective and tax-efficient manner.
The Solution...

“We’ve been with JCB Finance for in excess of 10 years now – they have confidence in Mechplant as a business, and Mechplant has confidence in JCB Finance. We have a longstanding history with JCB Finance, and the loyalty and confidence are reciprocated. We stick with JCB Finance because of the service, swift decision-making and competitive interest rates.”