Few businesses own just one kind of equipment, and treating a whole schedule of owned assets as one exercise usually beats picking them off individually.
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A mixed asset portfolio refinance raises money against several different types of owned equipment at once, under one arrangement rather than several. A funder reviews the whole schedule — machines, vehicles, handling kit — agrees a combined value, purchases the assets and hires them all back. Every item still has to be owned outright and evidenced individually with an invoice and serial number. The benefit is administrative as much as financial: one underwriting process, one set of documents and one payment schedule, instead of separate deals with different funders on different terms.
Used kit: Yes — mixing older and newer assets is normal, and the stronger items in a schedule often carry weaker ones that would not have raised much standing alone.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Portfolio refinance is where broker placement earns its keep, because very few funders are comfortable across every asset class. A funder strong on yellow plant may be indifferent to machine tools; one that loves commercial vehicles may refuse fixed factory equipment outright. The schedule therefore gets weighted asset by asset, with the strong resale categories carrying the deal and the weaker ones sometimes excluded entirely. Title evidence multiplies with the number of items, so expect a long document request. The bigger the raise, the harder the purpose question gets: funders want a clear, verifiable use of proceeds and will look at the last set of accounts alongside it, since a large portfolio refinance requested without a convincing reason reads as distress. A disposal of this size has real accounting effects, so your accountant needs to be in the room early.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Hitachi ZX210-6 excavator | Tracked excavator owned outright |
| Scania R450 tractor unit | HGV tractor unit in the fleet |
| Mazak QUICK TURN 200 turning centre | CNC turning centre owned outright |
| Haas VF-2 machining centre | Vertical machining centre |
| Toyota Tonero counterbalance forklift | Yard forklift owned outright |
| Liebherr LTM 1050 mobile crane | Mobile crane owned outright |
| Volvo A25G articulated dumper | Site articulated dump truck |
| JCB 540-140 Loadall | Telehandler owned outright |
| Ford Transit 350 panel van fleet | Owned light commercial fleet |
| Schmitz Cargobull curtainside trailer | Owned curtainsided trailer |
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Typically an established firm with a long fixed asset register built up over a decade and never borrowed against. The finance director wants a single capital injection for an acquisition or a new site, and has no appetite for negotiating five separate facilities against five categories of kit.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Bundling usually wins on effort and often on outcome, because a single funder assessing a broad schedule can average across it. Splitting only makes sense where one category is unusually strong and would be dragged down by being grouped with harder assets.
They are normally left out. Low-value tools, small attachments and fully written-down items add paperwork without adding meaningfully to the advance, so a schedule is usually trimmed to the assets that actually move the number.
It complicates matters. A funder is buying assets from a specific legal entity, so items owned across two companies may need either separate arrangements or a group structure the funder is willing to underwrite. Flag it at the outset.
Longer, mainly because of document gathering. The underwriting itself is not dramatically slower, but proving title on thirty assets takes far more of your time than proving it on one. Starting the document hunt early is the single best thing you can do.
Rarely all of it. Inspectors typically sample, concentrating on the highest-value items and anything unusual. Assets that are easy to verify from documents alone may not be visited at all.
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See everything we fund in asset refinance and sale and leaseback →
Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.