Finance Leases

KRP Services is aware that although clients consider security & fire protection to be important it is not always at the top of their list when it comes to budgeting.  Because of this we have made arrangements with Tower Leasing, a well-established specialist provider of finance solutions for security-related installations.

Leasing: The Ideal way to Finance your Fire Safety System

• Leasing eases your cash flow.

You cannot afford to cut corners when investing in a new security system for your business. By leasing the system, you can reduce the pressure on your finances as it replaces a substantial cash investment with a much smaller rental payment.

• Leasing is a highly effective cash management tool

By reducing your monthly outgoings, leasing frees finance for other aspects of your business operations that depend on cash, such as salaries and stock purchases.

• Leasing is tax efficient.

100% of your lease rental payments can be set against your company’s corporation tax liabilities in the same tax year. An outright purchase however is treated as an asset and this means that only a depreciating portion of its value can be written down against tax each year.

• Leasing makes Fire Protection equipment affordable.

The ideal security system for your business is instantly more affordable if leased. By replacing a large capital investment with small monthly payments you can immediately afford the most appropriate security system for your business. Why compromise on security solutions when you don’t need to?

Key Leasing Benefits

• No large capital investment outlay required to pay for the equipment
• Overhead cost of installation rolled into rental payment
• Fixed cost covering all security purchases including equipment, installation and commissioning
• Existing credit facilities kept intact for other purchases
• Rental payments are 100% tax-deductible, reducing your company’s tax liability each year

As the business grows or your needs change, equipment can be added to the system on lease. There are several options available including 'upgrade' where the outstanding rentals are taken into a fresh lease agreement along with all the costs for the new equipment. Tower and/or KRP Services can discuss the best options for you at any time during the lifetime of the lease.

How Leasing Works

Leasing is a reliable and trusted method of finance. It is easy to understand, easy to manage and very flexible.

• A lease agreement is between the user of the system and the finance company (Tower in this case who are also the assets' owner), not the supplier or installer of the equipment (i.e. KRP Services)
• The user is approved for finance before installation work begins. The agreement is signed beforehand, with an Acceptance Certificate signed when the work has been completed to the user’s satisfaction
• The user is committed to pay a set number of rentals to the owner over a specified period. The rental charge is fixed throughout the term of the contract
• A maintenance inclusive agreement gives the user peace of mind and avoids additional costs on top of the lease rental although many users prefer to have the service contract direct with KRP Services
• As advances in technology occur, or the user’s needs change, the system can be upgraded to suit the demands being made upon it and a new rental agreed

Why LeaseLine?

• Tower is committed to maintaining the highest standards of prompt customer service
• For speed of installation and for your convenience, Tower is available through KRP Services
• All contracts are prepared for signature when KRP Services is instructed to proceed; subject to status, the paperwork is usually dispatched within 24 hours.