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Home Customer Experiences Baileys Skip Hire & Recycling

Flexible finance solution supports growth

Assets Funded

Material handling equipment and commercial vehicles, Skip lorries

Baileys Skip Hire & Recycling Ltd provides a fast, friendly and cost effective skip hire service to households and businesses throughout Corby, Kettering, Wellingborough and the surrounding areas in Northamptonshire.

Publish date: 13/06/2017 13:45:46

In twelve years the business has gone from zero to £3.5million. With that level of growth, we need ot continuously buy plant equipment to match demand.

Pat Tyler, Baileys Skip Hire & Recycling

The Challenge...

The business has been going from strength to strength over a period of twelve years and requires a diverse range of plant and machinery to continue to grow and to remain competitive.

The real advantage with using finance comes when we buy an asset that's going to pay for itself in three years and we can finance it over three years.

Baileys Skip Hire & Recycling

Pat Tyler, Baileys Skip Hire & Recycling

The business has been going from strength to strength, requiring a range of plant and machinery to continue to grow.

We offered the following package

HP Fixed

  • Interest rate agreed and fixed at time of documentation
  • Fixed repayments of capital and interest
  • Tax relief on interest charges
  • VAT fully reclaimable
The Solution...

By using HP Fixed, the company was able to finance a range of machinery including a JCB 436EHT, a Boughton Hookloader c/w Equipment Sheet System, and a Scania P-SRS D-Class Euro 4 Telehoist c/w Skip Loader.

Having funding from JCB Finance helped Baileys Skip Hire & Recycling to buy equipment to keep up with demand, without any impact on cash flow.