Erimus Securities, our sister company, is a progressive Finance House which has been successfully providing leasing opportunities to the manufacturing sector for over 40 years. We rely solely on our own valuation skills and assume all the inherent risk.
In most cases, if we are invited to visit a company the solution that is the simplest for the existing company is for us to evaluate their assets, i.e. plant and equipment usually, purchase the whole of the plant and enter into a flexible lease back arrangement, usually over 3 – 4 years, which tends to support the business until trading improves. The majority of our clients are SMEs who struggle to obtain bank finance which is where we get involved in financing equipment.
When we get involved in financing equipment we purchase it outright from the owner and then on the same day enter into a Lease arrangement with the owners and lease back to them all of the equipment they require, usually over a period of 48 months. We ask for no deposit, other than 3 months rental in advance, and therefore the company get a significant cash injection to allow them to expand their business by taking on new orders or additional staff.
For the avoidance of doubt, Erimus Securities is also part of the John Livingston Group of Companies, founded in 1853, and has continuously traded since that date, and all the transactions it enters into are financed from our own resources and without reference to banks.