Hereford-based ice cream equipment supplier, Carpigiani UK, has provided more than £2m in asset funding to its customers via specialist finance partner, Academy Leasing, in order to help them get hold of the kit they need.
The company has experienced a huge demand for its products over the past 12 months due to the significant rise of dessert lounges, waffle houses and ice cream parlours in the UK, in addition to the uncharacteristically warm summer weather.
The finance facilities it offers via Academy Leasing mean that operators can spread the cost of their equipment purchases across a number of years, making the machinery more accessible, and payments more manageable against cash flow, which can often fluctuate in seasonal hospitality businesses.
Scott Duncan, sales director at Carpigiani UK, explained: Working alongside Academy Leasing allows our customers fast access to the highest quality machines to meet demand driven by the weather, which as we know doesn’t always stick around. This finance facility also allows us to work with a larger number of companies during the peak summer season, which can see sales enquiries rise four-fold.”
Mr Duncan said that finance facilities for customers can often be processed and approved in a matter of hours, which is ideal for fast-moving hospitality businesses that often need new equipment urgently.
“The process of developing a concept, designing a product and creating a place to sell it from can take months before the first sale is made, so flexible finance is required for the majority of our customers,” he added.