A UK commercial kitchen supplier has
strengthened its relationship with a single lessor after previously
using several finance companies.

Manchester-based Vision Commercial Kitchens
(CK) has developed a “strong partnership” with Admiral Leasing, a
UK provider of equipment and machinery finance, and has made it the
“official partner” for leasing agreements with its customers.

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The company, which designs and assembles
assets for commercial kitchens, said projects involving Admiral
Leasing have range in size between £50,000 (€56,000) and
£500,000.

According to the company’s joint director,
Jack Sharkey, around 25 percent of the business of Vision CK uses
on leasing, and another 10 percent is funded by other forms of
finance, most of which is also covered by Admiral Leasing.

Despite the preferred relationship with
Admiral, Sharkey said Vision CK has also worked with other
lessors.

These include Bibby Leasing – the only finance
company to be a member of the Catering Equipment Distribution
Association (see left) – as well as companies having specific
agreements with its clients, such as Lombard.

Sharkey said, in all cases, there were “golden
rules” in selecting partners.

In particular, he said all lessors dealing
with Vision CK need to be able both to broker and to underwrite
their business.

“Having arrangements in place with companies
that can both broker and underwrite their own business usually
gives us a far better chance of keeping that agreement,” he
added.

Antonio Fabrizio

• Vision CK designs, project
manages, installs, and carries out after-sales support for the
commercial kitchen sector. It works in partnership with major
manufacturers of kitchen equipment and offers, in a single package,
all types of equipment needed in a commercial kitchen, including
machinery for food preparation, ovens, refrigerator and
dishwashers. A member of CEDA, its main customers include hotels
and restaurants although it also works extensively with local
authorities, particularly schools, colleges and academies.