Nisbets pushes interest free credit to spread equipment purchasing costs


Nisbets has launched an interest free credit offer to help operators spread the cost of acquiring new kitchen equipment – and vowed to give customers an answer on their application within four hours. 

The offer is available from this month and initially applies to its own-label Polar and Thor ranges.

The Bristol-based outfit wants to make it more attractive for caterers to get hold of the equipment they need, recognising the “substantial outlay” typically involved with sourcing large ticket commercial catering equipment.

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It is not known whether Nisbets will extend the offer to other brands in its portfolio, but head of chef leasing services Simon Pharoah said that Thor and Polar and Thor were selected as ovens and refrigeration are two of the most significant purchases in a kitchen.

“There is a lot of uncertainty in the current climate and spreading payments over 12 months for these large ticket items like commercial refrigerators and ovens will ease cash flow in a business and allow the equipment to pay for itself as it is used,” he explained.

Nisbets is not the first catering equipment supplier to go down the route of providing customers with credit at no cost. Foster Refrigerator began offering interest free finance packages as far back as 2012 while Hobart also introduced interest free payment plans two years ago.

In Nisbets’ case, its interest free credit offer is available on a 12-month contract, on orders over £500 and can be used with multiple purchases within the Thor and Polar brands.

The package will be managed within the Nisbets Group by Chef Leasing Ltd, which plans to use software that allows applications to be turned around in four business hours. All applications for interest free credit are subject to approval.

New Nisbets CEO Klaus Goeldenbot, Group CEO said, the move would meet the needs of customers in the current environment. “Offering interest free credit alongside our ‘Price Match Promise’ and our award winning customer service demonstrates our continued dedication to the catering industry,” he said.

Tags : catering equipmentfinanceinterest free creditNisbetspolarThor
Andrew Seymour

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