When was Scaffold Finance set up?
Scaffold Finance was set up in August 2021 as a trading name of First Leasing UK Limited. It is now known as the ‘UK’s only leasing and asset finance company solely specialising within the scaffolding industry.’ However, our Managing Director Carl, has been working alongside those in the scaffolding industry for over 7 years now. Throughout those he has built and developed relationships as well as helping customers with thousands of finance agreements! Scaffold Finance has grown throughout the year, and we have picked up a few key bits of knowledge along the way. More about that below…
What have we learnt in our first year in business?
Being in the first year of a new business can be a daunting prospect. However, there are a few key things we can share with you to make it a little less overwhelming!
It is so important to budget in a business, especially in the first year. Your cash flow can take a big hit in the first year, due to all the start-up costs that come with running a business. Many of these are costs that you may never have had to deal with before. This makes it even more scary and can be hard to deal with. Making sure you have enough cash in the business whilst there is a large amount pouring out can be tricky. However, there are several finance options out there to help you. We are obviously biased, but leasing and finance will help if you wish to have extra cash in the business, or if you are starting from scratch with all new materials. If you would like to discuss your finance options with us, then please contact us using the details below.
Build your network
As Carl has been in the asset finance industry for 9 years now, and working with scaffolding companies for the past 7, he knows how to cultivate relationships with new and existing customers. Building a network of people around you can be essential to the growth and success of your business. Platforms like LinkedIn and Instagram can be excellent for this. Depending on the needs and target market of your company, choose the right platform for you. Here at Scaffold Finance, Instagram and LinkedIn have been key platforms to connect with people and keep in touch with contacts we meet along the way. It’s great for brand image and to get your company name out into the world!
Never try and do everything at once. Focusing on your main products or services maintains the theory that less is more. If you try and offer your customers everything without focusing on a specific service or industry, it can lead them away from your company due to complexity. Therefore, we only provide finance to those within the scaffolding industry. It narrows down our target market and allows us to focus our attention on existing and any new customers. It also provides us with an added USP, setting us apart from other similar organisations in the sector.
It won’t all happen in the first few months! Sometimes building a brand can take time. However, this doesn’t mean that the company won’t succeed. Another added benefit of leasing is that it is mostly used to enable businesses to grow. We are on hand to help you with any of your finance needs, including with assets such as business loans, technology, and all scaffolding equipment. If your business is looking to grow, even within those first few months, then get in touch. We can provide finance for several assets and can tailor the agreement to suit you.
What is next for Scaffold Finance?
There are many exciting things happening here at Scaffold Finance. We are looking forward to continuing our work with the Lighthouse Club as well as benefitting from our involvement as an Associate Member of the Scaffolding Association. If you would like to keep up with everything happening, then please connect with us on our social media pages. Our Instagram and LinkedIn pages are both easy to find and follow! Alternatively, you can get in touch with us by using our contact details below.
Lastly, we would like to say a big thank you to everyone who has supported us throughout the year. This applies to all existing customers, partners, and suppliers. We look forward to welcoming and developing new relationships and bring on the next year of business!
With our team of experienced leasing experts, Scaffold Finance should be your first port of call for all finance enquiries. If you have any queries about our first year in business, please feel free to get in touch. Email us on firstname.lastname@example.org or call us on 01494 506 383 to find out more about how Scaffold Finance can help you.