Forestry company purchases a range of new equipment using Hire Purchase
Sherwood Forestry Ltd was founded in 2010 by Managing Director Toby Sherwood.
Starting with a chainsaw, Toby's lifelong forestry background has helped grow the Hampshire based company into the specialist in heavy timber cutting it is today.
Upgrading the Fleet
In recent years, Sherwood Forestry Ltd has made several strategic equipment investments. These purchases have been facilitated with the help of Gareth Evans, Head of Agriculture for Close Brothers Asset Finance. Gareth has worked closely with the business guiding them through each of these finance agreements.
In the past 18 months, Gareth has worked with the business to provide two Hire Purchase agreements that helped them acquire a new enhanced digger and a new forwarder. Both these pieces of machinery are modern and efficient, ideal for timber cutting.
Harvesting Success
Sherwood Forestry Ltd was also able to acquire a John Deere harvester and a brand-new John Deere forwarder with the assistance of Close Brothers Asset Finance. These vital assets was acquired through a comprehensive Hire Purchase agreement. By using Hire Purchase the business has been able to spread the cost of the new harvester and forwarder over fixed monthly repayments.
The business also took advantage of our VAT deferral product, which helped them delay the VAT payment on the new harvester and forwarder, meaning they could decide on how best to manage their cash flow.
A productive relationship
Using a tailored finance agreement, we worked with Sherwood Forestry Ltd to enable them to manage their cash flow effectively while investing in essential equipment to expand and grow their forestry business.
Gareth Evans commented: "Working closely with Sherwood Forestry Ltd has been a rewarding experience. Our goal is to empower businesses to thrive, and seeing the positive impact of upgraded equipment on their operations is truly fulfilling. It's a testament to their dedication and the strength of our partnership and I look forward to working with Toby on further agreements in the future."
"From my early days with just a chainsaw, we've come a long way. Gareth and his team at Close Brothers Asset Finance have been instrumental in our growth, providing the means to invest in cutting-edge equipment. This partnership has not only expanded our capabilities but solidified our position in the forestry sector." Toby Sherwood, MD of Sherwood Forestry.
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