About Our Business Finance Services

Introduction

We want to help you to obtain finance for your equipment that meets your business needs at a competitive cost.

This page explains factors that you should consider when using our services.

About Us

We are Hexa Finance Limited. We are authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 974633.

We are a credit broker and not a lender.

Our work for limited companies, limited liability partnerships and unlimited liability partnerships consisting of four or more partners is outside of the scope of Financial Conduct Authority authorisation and regulation.

Our Role

We aim to find a competitive and suitable finance solution based on our understanding of your situation and needs.

We can introduce you to our panel of finance providers (‘our lenders’).

We can arrange tailored business finance from one of our multiple finance options. Please see the ‘About Business Finance’ section below.

We will not provide specific advice or a recommendation on whether to proceed but if you are unsure about any aspect of the finance agreement, please ask us to assist.

If you need extra support, we will always be happy to speak to anyone who advises you and your business. Please let us know if you or your business have any circumstances, we, or the lenders, should be aware of.

Fees and Commissions

We do not charge a fee for our credit broking services.

If we can arrange finance with a lender we will receive a commission.

We will receive commission from the lenders, either as a fixed fee for the agreement or a fixed percentage of the amount you borrow. Each lender may pay commission at a different rate. We may also receive a fixed payment for handling documentation on behalf of the lender.

These arrangements may affect the total amount payable under the agreement and help to ensure that the commission we earn fairly reflects the work we will carry out to meet your requirements. We will be happy to discuss this further with you.

What We Need From You

We ask you to provide accurate and complete information to us about your finance needs and situation. Please ensure you ask us about anything you are not sure about, and do not sign your finance agreement until you are confident it meets your needs at a competitive cost.

Complaint Handling

In the unlikely event that you have a complaint about our finance broking service, please contact us:

In writing: Hexa Finance Limited, Wentwood House, Langstone Business Village, Priory Drive, Newport, Wales, NP18 2HJ
By telephone: 01633 374910
Email: complaints@hexafinance.co.uk

We will acknowledge your complaint within five working days. We aim to resolve complaints within two weeks and to provide a final response to all complaints within four weeks.

If you are not satisfied with our response to your complaint, you may be able to refer the matter to the Financial Ombudsman Service (FOS). This applies to consumers and most small businesses. Details of which businesses can use the service are available at https://sme.financial-ombudsman.org.uk/complain/can-help.

You must contact FOS within six months of the date of our final response letter to you.

They can be contacted in the following ways:

• Post: Financial Ombudsman Service, Exchange Tower, London, E14 9SR
• Telephone: 0300 123 9 123
• E-mail: complaint.info@financial-ombudsman.org.uk
• Website: https://www.financial-ombudsman.org.uk

How We Handle Your Personal Information

Personal information which you provide to us may be used for business purposes including:

• To keep records of your needs and requirements
• To prepare enquiries and applications that we will submit to finance companies
• For accounting and regulatory purposes

We may share information about you with finance companies and other businesses to help obtain a finance arrangement to suit our needs and for fraud prevention. Finance companies may, in turn, pass your information to credit reference agencies as part of their lending procedures.

If you decide to arrange a finance agreement using our services, we will keep your data until five years after the end of that contract. If you do not arrange a finance agreement using our services, we will keep your data until three years after your enquiry.

Please contact us at privacy@hexafinance.co.uk or on 01633 374910 to cancel your consent for the processing of your personal data or to obtain more details about your rights to find out what personal data we hold about you, to have this corrected, restricted, or deleted, or to complain about how we have handled your data.

For more details, please see our Privacy Policy https://www.hexafinance.co.uk/privacy-policy/

We are registered with the Information Commissioner’s Office, reference ZA791290.

Our Agreement

By asking us to help you to find a finance agreement, you confirm you accept the arrangements set out on this page.

About Business Finance

Why Consider Business Finance

Considerations to obtain business finance

  • Preservation of cash flow
  • Improved budgeting and planning
  • Access to growth opportunities
  • Tax efficiency
  • Update older assets
  • Improved credit profile
  • Mitigating risk

When to consider cash instead

There are time when using cash is preferable:

  • When discounts for upfront payment outweigh financing costs.
  • If interest rates on financing are too high.
  • For low-cost or short-term purchases.
  • To avoid long-term liabilities or debit accumulation.

Conclusion

Using financial service like leasing, loan and invoice financing allows a business to:

  • Maintain liquidity
  • Scale operations efficiently
  • Improve financial planning
  • Gain tax benefits
  • Mitigate Risks
  • Stay competitive

These tools should be used as part of a balanced financial strategy, depending on the business’s size, stage, industry and financial health.


Further information about Business Finance is available from the British Business Bank: https://www.british-business-bank.co.uk/finance-hub/leasing-hire-purchase/

Types of Business Finance

Lease

A lease is a financing arrangement where a business rents equipment or assets for a fixed period. Ownership remains with the lender (lessor), and the business (lessee) pays regular rentals. At the end of the term, the asset is usually returned, renewed or, in certain circumstances, purchased.

Core features:

  • No large upfront costs
  • Regular fixed payments
  • Asset remains property of the lessor
  • Possible arrangement to own the equipment at end of term

Hire Purchase

Hire Purchase allows a business to buy an asset over time through instalment payments. Ownership transfers to the business after the final payment.

Core features:

  • Initial deposit + typically monthly payments
  • Business owns the asset after final payment
  • Interest is charged on outstanding balance

Invoice Finance

Invoice finance is a facility that allows a business to release cash tied up in unpaid invoices. A lender advances a percentage of the invoice value immediately and the balance (minus fees) is paid once the customer settles the invoice.

Core features:

  • Improves cash flow
  • Based on outstanding customer invoices
  • Can be confidential or disclosed
  • Two main types are factoring and invoice discounting

Loan

A business loan is a lump sum of money borrowed and repaid over a set period with interest. Loans can be secured or unsecured and used for various purposes like working capital, equipment or expansion.

Core features:

  • Fixed  or variable interest rates
  • Fixed repayment term
  • Can be short or long-term
  • May require security or personal guarantees

Merchant Cash Advance

A merchant cash advance (MCA) is a type of finance where a business receives a lump sum upfront, repaid via a percentage of future card sales (e.g. credit/debit card takings).

Core features:

  • Flexible repayments based on sales volume
  • No fixed monthly payments
  • Quick access to funds
  • Typically, higher cost than traditional loans

Suitability of Asset Finance Products

Lease

Summary & Suitability:
Leasing is ideal for businesses needing equipment without a large upfront investment. It’s particularly suitable for startups or companies that want to regularly upgrade assets and preserve working capital. However, since the asset isn’t owned during the lease, it may not be the best option for businesses needing long-term asset control.

Hire Purchase

Summary & Suitability:
Hire Purchase suits businesses looking to eventually own an asset but prefer to spread the cost over time. It’s a good fit for established businesses with predictable cash flow that want the asset to appear on the balance sheet and benefit from ownership after the final payment.

Invoice Finance

Summary & Suitability:
Invoice finance is well-suited for businesses with long customer payment terms or seasonal cash flow gaps. It’s particularly effective for companies with strong sales but delayed receivables, helping to improve liquidity without taking on traditional debt.

Loan

Summary & Suitability:
Business loans are versatile and suitable for companies with a clear purpose for the funds, such as expansion, equipment purchase, or working capital. Best for businesses with a strong credit profile and the ability to commit to regular repayments over a fixed term.

Merchant Cash Advance

Summary & Suitability:
MCAs are suitable for businesses with high card sales volume, such as retailers or hospitality firms, needing quick access to funds. They offer flexibility in repayments but come at a higher cost, so they’re best used for short-term cash flow needs rather than long-term financing.

Further Information

Please do not hesitate to raise any questions with us.

As we cannot provide specific advice on the accounting and tax implications for your business of different products, so we recommend you discuss these with your accountant if you have any questions.