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| WATSON
CONTRACT CLEANING FINANCES NEW TRUCKS THROUGH FIRST
CAPITAL FINANCE |
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Watson
Contract Cleaning has purchased 10 new Izusu vehicles
from Ferndown Commercials with finance provided through
First Capital Finance. The new vehicles have been purchased
to accommodate a major contract won with Bournemouth Borough
Council to provide street cleaning, household clearance
and the maintenance of public conveniences.
Winning the contract against stiff competition from companies
throughout the EU has necessitated Watson Contract Cleaning
investing around £250,000 in new plant and vehicles.
Looking for a means of financing its new trucks, Ferndown
Commercials recommended First Capital Finance, an asset
finance broker in Bournemouth that was able to provide
Watson Contract Cleaning with a single point of contract
and a panel of over 30 finance houses and banks.
“We
recommended First Capital Finance as they replicate our
philosophy of providing a first rate service”, said
Peter Pope, Director of Ferndown Commercials. “We
have been dealing with First Capital Finance for three
years and it always meets our criteria of providing our
customers with competitive interest rates and flexible
repayment periods”.
Initially First Capital Finance has organised the financing
of six new trucks over a three-year period, but has also
put into place additional finance so that Watson Contract
Cleaning can purchase four extra vehicles and other equipment
next year.
“Working
with First Capital Finance has simplified future planning”,
said John Watson, Managing Director of Watson Contract
Cleaning Services. “It has taken over all our funding
arrangements. First Capital Finance has organised finance
for us quickly but made things very simple and easy for
us”.
Date: November 2004 |
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