Asset finance in Southampton
CoreFi arranges asset finance for Southampton and south Hampshire businesses, covering plant, machinery, marine equipment, vehicles and specialist kit. As a broker we compare a whole-of-market panel; we do not lend. The lender sets rates and terms, and all figures we quote are indicative only.
Asset finance lets a Southampton business use the equipment it needs without paying for it all at once. Whether it is a CNC machine on the Itchen, a fleet of curtain-siders running boxes out of the Western Docks, refrigeration for a food operator around Millbrook, or lifting gear at a Woolston yard, spreading the cost over the working life of the asset keeps cash free for wages, fuel and stock. CoreFi arranges that funding as a broker, not a lender.
Hire purchase, finance lease and refinancing of existing assets all sit under this heading, and they behave differently for tax, ownership and balance-sheet purposes. We help you understand which structure suits the asset and the business, then take the case to a whole-of-market panel. The lender makes the final decision and sets the price; anything we quote beforehand is indicative only.
- 1
List the assets you need to fund
Tell us what you want to acquire or refinance, whether that is marine plant, vehicles, machinery or a full fit-out, along with rough values and whether the kit is new or used.
- 2
We match structure and lender
We suggest whether hire purchase, a finance lease or refinancing fits best, then take the case to a whole-of-market panel and compare indicative terms for you.
- 3
Proceed to drawdown
Choose the option that works, and we help package the application so the lender can assess it quickly. The lender sets the final rate and terms and we stay involved through to funding.
Equipment for Southampton's marine and engineering base
The refit yards, boatbuilders and precision engineers around Woolston, Ocean Village and the wider Solent corridor rely on assets that are neither cheap nor generic: five-axis machining centres, travel hoists, spray booths, welding and fabrication plant, and specialist test equipment. Generalist lenders can be nervous about kit they do not recognise, which is where a broker earns its keep. We can approach funders who understand marine and engineering assets and their resale characteristics, so a Southampton yard or workshop is more likely to get a realistic decision rather than an automatic no.
Vehicles and plant for port logistics
Move goods in and out of the Port of Southampton and you are running vehicles: tractor units, trailers, skeletal and reefer trailers, yard shunters, forklifts and MHE for the warehouses around Nursling and Redbridge. Fleet and plant replacement is relentless, and paying cash for a new unit ties up money that the haulage cycle needs elsewhere. Asset finance, including refinancing vehicles you already own to release capital, spreads that cost. We compare across the market so the structure matches how a Southampton logistics operator actually earns, invoice by invoice and load by load.
Fit-out and equipment for city-centre trades
Asset finance is not only for heavy plant. Southampton hospitality operators around Oxford Street, Bedford Place and Ocean Village fit out kitchens and bars; care providers and clinics near Southampton General equip new sites; contractors and trades buy tools, welfare units and site vehicles. Spreading the cost of a fit-out or an equipment package over a few years keeps a growing city-centre business liquid. Because we are whole of market, we can line up options side by side rather than accepting the first quote a single lender offers.
Frequently asked questions
What assets can you finance for a Southampton business?
Plant and machinery, marine equipment, commercial vehicles and trailers, forklifts and MHE, catering and refrigeration kit, IT and fit-out packages, and more. If it has a resale value and a working life, there is usually a lender who will consider it.
Can I refinance equipment I already own?
Often, yes. Refinancing existing assets can release capital back into a Southampton business for cash flow or growth. Whether a specific asset qualifies is for the lender to decide, and any figure we mention beforehand is indicative.
What is the difference between hire purchase and a finance lease?
With hire purchase you typically own the asset at the end; with a finance lease you rent it over its useful life. They differ for tax and balance-sheet treatment, so we talk this through and you should confirm the detail with your accountant.
Does CoreFi lend the money itself?
No. We are a broker. We arrange asset finance across a whole-of-market panel, and the lender is the party that assesses the case, decides and sets the terms.
How quickly can asset finance be arranged?
Straightforward cases can move quickly, but timescales depend entirely on the lender and the asset. Any timeline we give at the outset is illustrative only, not a guarantee.
Get matched with lenders for your Southampton business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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