If you haven’t already heard, the longstanding ways of catering contractors investing in your catering equipment as part of their financial support for new and renewing contracts has changed. Investing in the equipment and then depreciating it over the term of the catering contract has recently been confirmed as a form of embedded finance lease. The ESFA has advised they will not give permission for embedded finance leases for this purpose. So, we all need to think a little differently.
We’re joined by David Cowe of Alternative Commercial Finance to talk us through what to be aware of in this area as well as providing some ideas for solutions.