As part of the Autumn Budget, Chancellor Rachel Reeves announced changes to Vehicle Excise Duty (VED) for brand-new cars, effective from April 2025. These changes will impact the first-year tax rate based on a vehicle’s CO2 emissions, with significant increases in some categories. The update aims to encourage the adoption
A local arable farmer needed funding for a Used Holmer TerraDos T4-30 Sugar Beet Harvester to start their sugar beet campaign. The request was referred to Credo, with specific challenges: Seasonal Payments: The client wanted repayments only during the six-month beet-lifting season. Tight Deadline: The harvester was needed quickly to
Our client, an established farming business, approached Credo with a pressing need to finance a 3U Vision colour sorter. The machine was critical for addressing this year’s significant ergot issues in their grain harvest. Ergot, a fungal disease affecting crops, requires precise sorting technology to ensure the quality and safety
Funding for 500 Second-Hand Pig Aardvarks A customer needed funding for 500 second-hand pig aardvarks — a unique and tricky asset to finance. Most lenders wouldn’t consider it due to the second-hand nature and niche market. The customer’s current broker initially promised funding but couldn’t deliver. This left the client
Recent changes announced in the October budget have reshaped the tax landscape for Double Cab pickups (DCPUs), making it essential to reconsider their appeal as a business vehicle. Current Tax Advantages Double Cab pickups have traditionally been a cost-effective option due to: Lower Benefit-in-Kind (BIK) charges for personal use, offering
Exciting news! We are thrilled to announce that we have won the prestigious Leasing World Gold Award in the category ‘Asset Finance Broker of The Year’This award recognises the hard work and dedication of our entire team in providing exceptional financial services to businesses across the country. The Leasing World
