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Skipton Stoves

biomass boiler 300A supplier of Biomass Boilers, Skipton Stoves, contacted us recently to see if we could finance his clients’ installations.

After learning more about our wide range of carefully designed finance packages and our ability to fund a variety of clients the supplier enquired about funding a deal of his own.

His intention was to install boilers into commercial properties. This would enable the tenants to benefit from cheaper energy costs while he would be able to claim the Renewable Heat Incentive (RHI) himself.

He didn’t have the funds available to buy the boilers outright himself without having an adverse effect on his cash flow.

Excel-A-Rate prides itself on always trying to find a way to help a client achieve his objectives and together we worked out a stage payment program which suited us, the client and his supplier.

The application form was completed, searches undertaken and a written offer given to Skipton Stoves within 48 hours of the initial meeting. The offer was accepted and within a week of the first meeting the first boiler was ordered with Excel-A-Rate making the initial payment to the supplier the same day.

Within a month the boiler was installed and commissioned, supplying low cost heat to the tenants and generating RHI payments to the client.

This was a win, win, win situation with the tenants benefitting from lower heating bills, the client earning an additional income from the boiler and Excel-A-Rate gaining a happy client who is now recommending his entire customer base to us for finance.

Key issues

  • Installation of biomass boilers into commercial properties
  • Staged payment programme
  • Lower heating bills for tenants
  • Client gained additional income from Renewable Heat Incentive

 

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Excel-A-Rate Business Services Limited is authorised and regulated by the Financial Conduct Authority FRN 713832.
Excel A Rate Business Cash Limited is authorised and regulated by the Financial Conduct Authority FRN 671187.

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