Asset Finance for Plant &
Tool Hire Businesses
Acquire machinery, tools, or vehicles with flexible repayment plans, helping you grow your hire fleet without impacting cash reserves.
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Expand, Acquire Assets Or Get More Plant Machinery For Growth
The success of any plant and tool hire company depends on the strength, reliability, and diversity of its fleet. From excavators and loaders to power tools and generators, customers expect hire firms to provide well-maintained, modern equipment that is ready to use. But acquiring and maintaining this equipment is capital-intensive.
Paying for plant and tools outright ties up large sums of cash and restricts the working capital needed for wages, servicing, and day-to-day operations. Plant & tool hire asset finance provides a cost-effective way to spread the cost of equipment over time, ensuring hire companies can invest in their fleets without placing strain on cashflow.
Why Asset Finance is Essential for Plant & Tool Hire Firms
This industry faces unique financial challenges:
- High Upfront Costs – Large plant and machinery purchases can run into hundreds of thousands of pounds.
- Diverse Equipment Needs – Hire businesses must provide everything from diggers to small tools.
- Maintenance Demands – Regular servicing and replacement cycles are unavoidable.
- Seasonal and Cyclical Demand – Income often fluctuates with construction activity.
- Sustainability Requirements – Growing demand for low-emission and eco-friendly machinery.
Asset finance ensures companies can invest in essential plant and tools while maintaining the liquidity required to run their businesses effectively.
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Types of Asset Finance for Plant & Tool Hire
Hire Purchase (HP)
Spread the cost of plant or tools with fixed monthly repayments, leading to ownership once the agreement ends.
Finance Lease
Access equipment without upfront purchase, paying regular rentals and retaining flexibility at the end of the lease.
Operating Lease
Ideal for short-term or fast-depreciating equipment, keeping fleets up to date.
Refinance
Release equity tied up in existing assets, freeing capital for other business needs.
Assets Commonly Financed in Construction
Excavators, diggers, and mini diggers
Telehandlers and forklifts
Dumpers and loaders
Access platforms and cherry pickers
Generators and compressors
Site cabins, lighting towers, and welfare units
Power tools and smaller construction equipment
Transport vehicles for delivery and collection
Benefits of Asset Finance for Hire Companies
Cashflow Protection
Spread the cost of equipment over time.
Fleet Expansion
Grow your offering to meet customer demand.
Access to Modern Equipment
Ensure clients hire efficient, reliable machinery.
Support Sustainability
Fund investment in low-emission or electric equipment.
Flexible Terms
Agreements tailored to cashflow and utilisation rates.
Reduced Risk
Avoid tying up capital in depreciating assets.
Why Asset Finance Suits Plant & Tool Hire Firms
The sector is built on providing access to expensive machinery and tools that most contractors cannot justify owning outright. In the same way, hire firms themselves can struggle to fund fleets without financial support. Asset finance mirrors the hire business model — spreading the cost of high-value assets into affordable installments.
For small companies, this could mean financing a single digger or set of tools. For larger hire firms, it could involve funding an entire fleet expansion. Asset finance provides the flexibility to meet both scenarios.
Why Asset Finance Suits Plant & Tool Hire Firms
At MacManus Asset Finance, we have long-standing expertise supporting plant and tool hire firms. We understand the sector’s reliance on fleet quality and the importance of protecting working capital.
By partnering with us, you gain:
- Industry Knowledge – Experience funding assets for hire businesses.
- Specialist Lenders – Access to funders who understand the sector’s unique demands.
- Tailored Agreements – Finance structured around your cashflow cycles.
- Fast Approvals – Ensuring you can respond quickly to customer demand.
- Ongoing Support – Guidance to help you expand sustainably.
Key Takeaways
For plant and tool hire firms, a strong fleet is the foundation of success. But purchasing and maintaining equipment outright can drain cashflow and restrict growth. Plant & tool hire asset finance offers a flexible way to spread costs, acquire modern machinery, and protect working capital.
At MacManus Asset Finance, we specialise in delivering funding solutions tailored to hire companies. Whether you’re looking to add a single excavator or expand your entire fleet, we can provide the finance to make it happen.
Plant & Tool Hire Asset Finance FAQs
Yes, both new and used plant can be covered under asset finance.
Absolutely, finance is available for both large plant and smaller equipment.
Yes, with hire purchase agreements, ownership passes once payments are complete.
Yes, lorries, vans, and trailers for fleet transport can be financed.
Many facilities can be arranged within days.
Yes, many agreements provide tax advantages, depending on the structure.
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