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Fast tailor-made finance solution boosts revenue

Find out how the team at Close Brothers Asset Finance used their skills and knowledge of the industry to ensure quick credit decisions were made and allowed for the purchase of much needed assets.

The customer

Based in Rugby, Hybrid Power Hire Ltd offers hybrid power solutions as a cleaner, low carbon and noise reducing alternative.  They hire hybrid generators throughout the UK as an energy back up to normal supply and are used as a substitute for a diesel generator when a business may require a quieter solution.  These particular generators are ideal for all temporary applications including construction, events, utilities, remote power and telecommunications, to name just a few. 

With a mixed customer base from leading car manufacturers through to blue chip hire companies, the hybrid power solutions help them to save on fuel, reduce carbon footprint and reduce noise pollution.

The challenge

To grow the business further and offer support to its growing customer base, Hybrid Power Hire was looking to increase its hybrid generators to keep up with demand.  A quick solution was needed to fulfil orders that had been received.

The company needed a financial solution and to work with someone who had knowledge of the hire industry.  Some of Hybrid Power Hire’s customers had been speaking highly of Close Brothers Asset Finance and the range of flexible funding options available.

The solution

Janene Dooler, Joint Managing Director, Hybrid Power Hire, contacted Simon Knox, Regional Sales Manager, Close Brothers Asset Finance to discuss requirements.  Within 48 hours of initial contact, Simon and the team visited the business.

Through quick credit decisions, a tailor-made Hire Purchase deal structure was put in place.  The finance term was the ideal solution for both parties and gave the customer the confidence that the facility was exactly what was needed in helping them to move the business forward.

The result

Through Close Brothers Asset Finance’s quick response and ease of turning things around, Hybrid Power Hire could now order the required assets to provide to their end users.

“This initial deal was for 20 units that are already out at work and has helped us to service a client, which in turn, has helped with revenue.” Said Janene Dooler“We were extremely happy with the level of service we received from Simon and the team at Close Brothers Asset Finance and appreciated the face-to-face meeting rather than done over the phone or by a computer.  It felt more personal and the finance solution was tailored to meet our needs and requirements.”