Home News UNTHA UK Launches Finance Division

UNTHA UK Launches Finance Division

Ferrous, Nonferrous, International Recycling News, Nonmetallics, Plastics, Paper, Metallics

Company says new division will make equipment accessible to more businesses.

RTGE Staff July 9, 2013
The waste shredding manufacturer UNTHA UK has launched a finance division to allow more customers to take advantage of the company’s line of equipment.

According to UNTHA UK, the new division has been designed to make its machinery accessible to all organizations. Chris Oldfield, UNTHA UK’s managing director, who was key in developing the division, says the new finance division alleviates some financial constraints currently faced by firms looking to improve their efficiencies or expand their operations. The finance service, which comprises a range of flexible packages including shredder leasing and hire purchase, is available to any organization for any machine from the UNTHA fleet.

“As the economy continues to recover from the recession, many businesses are finding it hard to raise the capital to purchase a shredder outright, while other organizations quite rightly want to protect their cash flow,” says Oldfield. 

“However, with government funding notoriously complicated and many financial institutions still reluctant to lend, this can leave companies with very few investment alternatives. It is perhaps even harder for new startups or companies that don’t have a particularly strong balance sheet. So rather than simply watching these struggles take place, we’ve actually taken action.”

Oldfield adds, “Our shredders have been engineered with customer benefits in mind. We have designed a number of features that together guarantee unparalleled configurability, throughput, uptime and ease of maintenance. When combined with low operating costs and competitive purchase prices, clients can quickly achieve a return on their investment. 

“However, our introduction of financial support, coupled with our extensive knowledge of government grants and incentives, means that the shredders are now more affordable than ever.” 

The launch of the finance division comes with the U.K. government’s revisions to capital allowances, according to UNTHA. Under the Finance Bill 2013 for a temporary period of two years, companies can claim 100 percent tax allowance on their investment in plant and machinery between $37,075 and $370,900 (£25,000 and £250,000).

“We are incredibly passionate about encouraging waste and recycling operations to progress and better commit to the U.K.’s environmental agenda, and feel that we are providing them with the necessary assistance to do just that. Whether we are helping a new machinery customer, or a company wishing to upgrade their shredder, we are removing the obstacles that would prevent their technology investment,” Oldfield notes.

“The longer it proved difficult for recyclers, MRFs (material recovery facilities) and alternative fuel producers to secure financial assistance, the greater than risk of the industry becoming stagnant, which is something the U.K. cannot afford.”
 

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