Test Case Study

The Challenge

Reactive Hire Ltd, a thriving player in the welfare industry in the UK. Like many companies in their sector, they heavily relied on asset finance to support their business operations. High broker fees had been an ongoing financial burden for the company, reducing their ability to expand and invest in new assets.

The Solution

In their quest to find a more cost-effective solution, Reactive Hire turned to Boss Asset Finance. Boss Asset Finance offered an innovative approach to asset financing that promised substantial savings. Unlike the average 4% broker fee charged in the UK, Boss Asset Finance committed to a significantly reduced commission fee of only 1%. This bold move immediately captured the attention of John McClure, the Managing Director of Reactive Hire Ltd.

The Implementation

Reactive Hire made the strategic decision to use Boss Asset Finance for all their asset funding requirements. This shift in their financing strategy was driven by the desire to reduce broker fees and improve the company’s overall financial health. The transition was swift and smooth, thanks to Boss Asset Finance’s expertise and dedicated support throughout the process.

The Outcome

The results of this strategic partnership have been outstanding. The significant reduction in broker fees delivered tangible financial benefits to Reactive Hire Ltd. According to John McClure, they have saved a total of £195,185 and counting. These savings have allowed the company to make substantial investments that were not initially budgeted for until 2024.

“By switching exclusively to Boss Asset Finance for all our asset funding and securing a fixed broker fee of 1%, we’ve saved enough money so far this year to completely fund the purchase of three new Isuzu D-Max Double Cabs we hadn’t budgeted for until 2024. The process of working with Boss Asset Finance has been a real eye-opener for me and has opened my eyes to the reality of the UK finance broker market.”

Key Takeaways

Substantial Savings

The switch to Boss Asset Finance’s 1% broker fee, as opposed to the UK average of 4%, resulted in significant cost savings for Reactive Hire Ltd.

Unexpected Investments

The savings made through the partnership with Boss Asset Finance enabled Reactive Hire to make investments they had not planned for until several years later.

Positive Experience

John McClure, the Managing Director, expressed satisfaction with the partnership, highlighting the eye-opening experience of working with Boss Asset Finance.

The case of Reactive Hire Ltd showcases the potential benefits of a strategic financial partnership. Boss Asset Finance’s commitment to providing cost-effective solutions has not only helped Reactive Hire but has also highlighted an alternative approach in the UK finance broker market.