Tower News & Blog
6 common mistakes of business expansion and how to avoid them
Sustaining the growth of your business can be a risky affair and there are a number of pitfalls for the unwary. The business world is challenging and competitive and financing growth with little working capital can be extremely challenging. Six of the common mistakes...
Understanding tax relief for research and development projects
If you're a company who plans to develop new services, processes or products, you could claim corporate tax relief on your research and development (R&D) projects. In this article, we explain how understanding tax relief for research & development projects can...
FLA: Asset finance up 7% in April on last year
Figures released by the Finance & Leasing Association (FLA) today shows that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. Business in the plant and machinery finance and business...
Benefits of leasing equipment for your business
Financing your business and buying all the needed equipment might be an uphill task especially if you are just starting out. Leasing equipment can boost your business and help you acquire essential but expensive equipment without the full costs. Here are some other...
A guide to business expenses for the self-employed
Mart Abramov is CEO of the digital tax advisors TaxScouts. Here, he explains everything you need to know about business expenses when you're self-employed, so you can ensure you're always paying the right amount of tax. If you're self-employed, you'll be responsible...
Tax benefits of leasing computer hardware and software
UK SMEs are seriously affected by extremely low rates of Annual Investment Allowance and Capital Allowance, and there is no expectation for the government to rectify this. Due to the continuous effects of inflation relatively decreasing these fixed allowances year on...
Tower Leasing announces Funding Circle Business Champion Status
Tower Leasing continue to build and develop relationships to provide our customers flexible and tailored finance solutions. We have secured funding for over 30,000 SMEs looking to improve cash flow, secure assets and business growth, ultimately giving them a boost...
Tower Leasing opens office in Northern Ireland
UK lessor and broker Tower Leasing has opened an office in Belfast, Northern Ireland and has recruited a former Grenke account manager to lead the operation. Trevor Phelan will focus on expanding Tower’s dealer base and developing new and existing relationships with...
British Business Bank: positive growth for asset finance in 2017
Research from the British Business Bank Small Business Finance Marketsreport has shown that asset finance and leasing is competing well against other products in the small business market. The value of SME asset finance deals (up 12%) and peer-to-peer business lending...
FCA consults on widening access to the FOS for small businesses
The Financial Conduct Authority (FCA) has launched a consultation on plans to give more small businesses access to the Financial Ombudsman Service (the Ombudsman). This follows a review of the protections available to small and medium-sized enterprises (SMEs) as users...
British Business Bank agrees new enable funding facility with Tower Leasing to boost asset finance for smaller businesses
ENABLE Funding programme facility will give Bracknell-based Tower Leasing access to a £25.5m line of asset finance The British Business Bank has announced that it is providing a £25.5m facility to Tower Leasing. The transaction, made under the Bank’s ENABLE Funding...
British Business Bank funds Tower Leasing with £25.5m
The British Business Bank (BBB) has created a £25.5m (€28.6m) credit facility for Tower Leasing. The line of credit was made under the BBB’s Enable programme, which aims to diversify capital provision for smaller financiers. The funding will enable Tower Leasing to...
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