CPA Bulletin

JCB FINANCE | CASE STUDY | L & WWILSON AVAILABILITY, FLEXIBILITY & A FIRST-CLASS SERVICE FINANCE: 1 For plant and equipment businesses, reliability is everything. Any machine downtime has a serious impact on deadlines, reputation and ultimately the bottom line. To guarantee that reliability, significant investment in the latest equipment from the leading manufacturers is required. However, economic conditions, tight margins and slow paying clients can put a strain on cash flow and make raising working capital extremely difficult. A leading Cumbrian plant hirer and contractor has overcome this challenge through its focused approach to business and a longstanding partnership with JCB Finance. A DEPENDABLE MODERN FLEET Based in Endmoor, South Cumbria, L & W Wilson is a multi-faceted family business with operations including: haulage, aggregate supplies, civil engineering, demolition, excavation, waste disposal, plant and vehicle hire, crushing and recycling. The company first became a JCB Finance customer in the 1980s to fund JCB equipment and from 2010 to finance other suppliers products, the first being the purchase of a Powerscreen Horizon H6203. Since then, L & WWilson has financed a range of JCB and non JCB equipment using the HP Plus Facility – which gives customers the option of strategic payment holidays. The company’s latest purchase from JCB is a brand new 37-tonne JCB JS370 tracked excavator. It was bought to replace a similar machine from a competitive manufacturer which was proving unreliable. It is being used to power a Rammer 4099 hydraulic breaker on a rock breaking application just a few miles from the company’s Endmoor head office. The new addition joins an extensive fleet at L & W Wilson including a Major 2200 Gallon Tanker, a Deutz Fahr Tractor and a JCB 8026 which have all been purchased through JCB Finance. L&W Wilson Director, Alan Wilson said: “It is very important to invest in new machinery so that we have reliability. We can’t afford downtime which ultimately could lead to a delay on a contract. There is an added reassurance when you have the latest, up to date equipment from a leading manufacturer. You know that with a competent operator you can match or www.cpa.uk.net CPA Bulletin > December 2018 15