The Materials Handling division at Close Brothers Asset Finance recently exhibited at the leading industry event, IMHX (the International Materials Handling Exhibition).

_PTP0107The show took place at Birmingham’s NEC and attracted a staggering 19,500 visitors from 19-22 March 2013.

Jeremy Spooner, National Sales Manager for the division tells us more: “IMHX was a vibrant and upbeat show with many business owners looking for new ways of funding the evolving materials handling industry. It was a great opportunity for us to effectively promote how we support the market and discuss our range of financial solutions to many prospective customers.”

Founded in 2010, the Materials Handling Division of Close Brothers Asset Finance has gone from strength to strength, working with some of the UK’s leading manufacturers to provide bespoke financial solutions to the industry.

With more than a quarter of UK manufacturers and half of wholesale and distribution firms claiming that difficulty accessing funding is the main barrier to sustainable growth, many are reassessing their financial options.

Asset finance is one of the fastest growing forms of business funding and in comparison to a bank loan or overdraft, it allows a business to put the asset in question straight to work without depleting valuable working capital. Refinance is a particularly useful product as it allows a company to release the value within existing assets such as forklift trucks and commercial vehicles.

Exhibiting at IMHX gave Close Brothers Asset Finance the opportunity to engage with the industry and illustrate how asset finance could benefit their business and substantially improve cash flow.

Jeremy Spooner continued: “On each day there was a constant flow of potential and existing customers visiting the stand to explore their funding requirements.

“Our Xbox Penalty Shoot Out competition was a real attraction and because we could scan the badge of each visitor that came to our stand, we were able to reach 1,100 visitors.

“In terms of success, we’ve counted a substantial number of new business leads and we are hopeful that we will exhibit at the next show in 2016,” he added.

Close Brothers Asset Finance offers a range of tailor made finance solutions including hire purchase, leasing and refinancing. Whether a company has a requirement to raise funds to purchase new equipment or machinery, or simply to generate working capital for a specific project or business improvement, Close Brothers Asset Finance can offer a range of flexible funding solutions.

Close Brothers

www.closeasset.co.uk