The tightknit team at Credo may be small compared to other brokers and lenders but it can respond quickly which makes a big impression for our customers. And those qualities have helped Credo and its customers get through another tough year.
After a slow start to 2021, as a result of the Covid crisis, things started to pick up.
Sales Director Trevor Parsons said: “March was our best month ever in the history of the company. But there is still uncertainty in the market.”
Credo has been there to help businesses every step of the way.
We are still having lots of conversations with businesses about the government’s super deduction tax incentive to encourage investment in new, unused plant and machinery and boost productivity.
Until March 31, 2023, companies which pay corporation tax can claim 130% capital allowances on plant and machinery investments that would usually qualify for 18% tax relief. It means businesses can cut taxes by up to 25p for every £1 invested.
There is also a first-year allowance of 50% for assets that would usually qualify for the special rate of 6% tax relief.
We were also quick to react to other government announcements to support and help businesses including the Coronavirus Business Interruption Loan Scheme (CBILS), Bounce Back Loans and the Recovery Loan Scheme.
“Everything the government has set up we were right on it and that is why we have been successful this year. We have been very proactive with these initiatives.
“Our decisions have been good ones and we have made the processes as simple as possible for our customers.”
We went the extra mile for customers – in fact several miles. Because it was difficult to meet, with premises closed by Covid restrictions, we made sure we could visit customers safely to fully understand the needs of their businesses.
And we have got out and about at events and exhibitions as soon as possible.
It included Credo Marine Finance at the Southampton International Boat Show in September, Credo Motorsport Finance continuing to support motorsport teams and the Mini Challenge and BTCC and we won the best stand at the Norfolk Chambers of Commerce B2B Exhibition in October.
And our biggest achievement this year was winning ‘Broker of the Year’ in the Business Moneyfacts Awards where we were up against some very tough opposition.
Credo Asset Finance and Anglia Car Charging were behind creating a new Driving Business Green event to help promote the benefits to the environment and to businesses of switching to electric vehicles and renewable energy.
The hugely-successful event brought together local motor dealers, sustainable energy providers and industry-leading expert guest speakers.
Marketing Manager Fran Brown explained: “Our involvement has spring-boarded us to another level with people looking to Credo Eco Finance as their first port of call, not just for finance but for advice because they see us as a specialist in our field.”
The year has had its ups and downs but is ending on a positive note.
“We might be a small company, but we think big,” said Fran. “Things are going really well and, as we come to the end of the year, we are looking forward to 2022.”
Call one of our friendly advisers on 01603 381955 or email [email protected]
