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Hire Purchase - TD & S Shell

Hire Purchase - TD & S Shell

A well-established family business

TD & S Shell is a well-established family run company with several business ventures including a working farm and eight holiday cottages based near Northumberland. In July 2015, they expanded the business to incorporate a unique barn wedding and events venue, which is managed by Richard Shell.

Green agenda for expanding business

With the business expanding, the family was keen to reduce energy costs and become more energy efficient. They researched their options and sought advice from Jason Oakes at Oakes Energy Services Limited. On his advice, they decided that a biomass boiler would best suit their needs as it would allow them to supply heating and hot water for the farm house, holiday cottages and wedding venue.

Extended payback terms

Oakes Energy Services Limited recommended that they get in touch with Close Brothers Asset Finance to fund the boiler. Following a meeting with Richard Shell, Close Brothers Asset Finance put together a tailored asset finance package that enabled the business to invest in a 199KW Biomass Boiler which would enable an efficient heating system for all of the properties through the use of an under floor heating system.

The energy efficiency of the new boiler enabled the business to take advantage of Close Brothers Asset Finance’s extended seven-year renewable energy payback terms.

Quick turnaround allowed us to move ahead with our plans

With the new boiler in place, the business has benefited from lower energy costs and become more energy efficient. At present all hot water and heating for the farm house and wedding venue is being supplied by the biomass boiler and with the continued support of Close Brothers Asset Finance they intend to power all of their heating and hot water throughout the business over the next few years.

Richard Shell said: “The service we have received from Close Brothers Asset Finance has been fantastic. The turnaround time was extremely quick which allowed us to move ahead with our plans for the new wedding and events venue business.

“Our Regional Sales Manager, James, follows up on everything and is always there to answer any questions we might have. We have a great relationship with Close Brothers Asset Finance and we hope to continue it in the future.”