Academy Leasing, a division of 1pm with focus on catering leasing, has provided at least £2m of equipment funding through ice cream and blended drinks manufacturer Carpigiani UK.
The arrangement has been intended to increase the accessibility of ice cream equipment and make payments more manageable against cash flow, which can often fluctuate in seasonal hospitality businesses.
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Michaela Dodd, general manager at Academy Leasing, said: “Naturally, when the sun is out, Brits flock to buy ice creams, so businesses need to be ready to meet the demand, however, taking on the expensive equipment can be a big financial risk. Carpigiani have a rich heritage and history of supplying to the best quality cafes and restaurants and we’re pleased we can support them to continue to do this when the British appetite for ice cream increases.”
Hereford-based Carpigiani UK provides soft serve ice cream, artisan gelato, shakes and blended drinks machines and currently supplies some of the UK’s biggest high street cafes, restaurants and dessert lounges.
Scott Duncan, sales director at Carpigiani UK, said: “The rise in popularity of dessert lounges on the UK high street and retail parks has seen a huge surge in demand for our ice cream equipment, recipe development and shopfitting services. The prolonged summer weather has also boosted urgent enquires for new and upgraded ice cream and gelato machinery to meet the British population’s appetite during the prolonged heatwave.
“Working alongside Academy Leasing allows our customers fast access to the highest quality machines to meet demand driven by the weather, which as we know doesn’t always stick around. This finance facility also allows us to work with a larger number of companies during the peak summer season, which can see sales enquiries rise four-fold.”
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By GlobalData1pm group results for the year ending May 2018 showed significant gains across finance categories, leading to a year-on-year revenue increase of 78% to £30m.
