A growing vendor finance arrangement between
Bibby Leasing and leading UK refrigeration supplier Total
Refrigeration is to be the latest example in a recent trend of
SME-focused initiatives to lease equipment usually acquired by
capital purchase.
Bibby Leasing and leading UK refrigeration supplier Total
Refrigeration is to be the latest example in a recent trend of
SME-focused initiatives to lease equipment usually acquired by
capital purchase.
Total Refrigeration, which is the largest
branded ice cream freezer supplier in the UK, has made arrangements
to lease units through Bibby previously, but only on an occasional
basis.
branded ice cream freezer supplier in the UK, has made arrangements
to lease units through Bibby previously, but only on an occasional
basis.
According to marketing manager Stuart Grimshaw, however, 2009
has already seen as many leasing applications passed on to Bibby as
2008 saw in its entirety, with no sign of things slowing down
yet.
Total Refrigeration saw overall sales fall to around 8,000
units in 2008 from 10,000 in 2007, but is confident that the vendor
finance arrangement with Bibby will help keep business flowing in
2009.
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