Author: peac Admin

Paul Byrne joins PEAC Solutions as Relationship Director

27th February 2025

Paul joins PEAC Solutions with over 17 years of experience gained from sales and relationship roles at Lombard and more recently, HSBC. He joins as Relationship Director, where he will cover Yorkshire and North East England.

Paul shared, “The strong customer focus and fantastic culture at PEAC align perfectly with my own values and I’m excited to have joined the team. I understand how important it is for businesses to have a knowledgeable and reliable partner and even after being with the business for a few weeks, it’s clear the depth of Asset Finance knowledge here is exceptional. I look forward to contributing to the team to drive continued success.”

On his appointment, Mark Lamb, Regional Sales Director at PEAC commented “We’re delighted to welcome Paul to PEAC, he brings with him a wealth of knowledge and experience from a successful career in the sector, we look forward to him forging new relationships for PEAC and developing our client base across the North of England.”

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of July 2024, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

PEAC Solutions announces Stroke Association as 2025 Charity of the Year

25th February 2025

PEAC Solutions is proud to announce that the Stroke Association has been selected as its 2025 Charity of the Year. Throughout the year, colleagues at PEAC Solutions will engage in various fundraising activities and awareness campaigns to support the Stroke Association’s mission to help make a difference to those affected by a stroke.

“We are thrilled to support the Stroke Association throughout 2025” said Steve Bolton, Managing Director at PEAC Solutions. “Our Charity of the Year initiative enables colleagues to support a charity that resonates with them and this year, over 50% of employees voted for Stroke Association as it is a cause close to our hearts. We’re pleased to help make a difference by fundraising for the Stroke Association, enabling their important work in supporting stroke survivors and their families.”

Marvin White from the Stroke Association’s fundraising team shared “Over 90,000 people survive a stroke every year in the UK, but surviving a stroke is just the start of a long and gruelling recovery journey. The Stroke Association is the only charity in the UK providing life-long support for all stroke survivors and their families and we’re hugely grateful to everyone at PEAC Solutions for raising funds to help make this possible.”

For more information about the Stroke Association and how you can support their work, please visit their website. For more information about the partnership and upcoming events, please visit PEAC Solutions UK on LinkedIn.

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of July 2024, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

About the Stroke Association: The Stroke Association is the only charity in the UK providing life-long support for all stroke survivors and their families. We provide tailored support to tens of thousands of stroke survivors each year, fund vital scientific research, and campaign to secure the best care for everyone affected by stroke. Anyone affected by stroke can visit stroke.org.uk or call our dedicated Stroke Support Helpline on 0303 3033 100 for information, guidance or a chat when times are tough. You can follow us on X, Facebook , Instagram, TikTok and LinkedIn

Dean Farooq joins PEAC Solutions as Credit Analyst

20th February 2025

With over 10 years of credit experience within the financial services industry, Dean brings an abundance of experience from previous roles held at Hampshire Trust Bank, Aldermore and Close Brothers.

On his appointment, Dean shared “I’m looking forward to bringing a new perspective and value to the team at PEAC. My background in Asset Finance, in particular with hard assets and the intermediary community, aligns with the diversification plans at PEAC and I’m eager to contribute to the company’s success.”

Justin Jacobs, Credit Director at PEAC Solutions added “Credit is an ever-changing environment, and continuing to bring in the right people is key to the success of PEAC and the many customers and partners we work with. We’re thrilled to welcome Dean to our team and know his expertise and insights will make him a valuable addition. I welcome Dean to PEAC and wish him the very best in his career with us.”

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of July 2024, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

PEAC Solutions raises £11,136 for Rainbow Trust Children’s Charity

6th January 2025

PEAC Solutions is proud to announce that it has raised £11,136 for Rainbow Trust Children’s Charity. This significant contribution will support the charity’s important mission to provide emotional and practical support to families who have a child with a life-threatening or terminal illness.

Rainbow Trust Children’s Charity was chosen as PEAC Solutions’ Charity of the Year for 2024 through an employee voting process. The fundraising efforts reflect PEAC’s support for the community and this initiative reflects the commitment of our team to support a cause that resonates deeply with them.

The company organised a series of events to reach the £11,136 total, including office bake sales, raffles, charity runs, donations in place of corporate gifting and employee donation matching programs. The total also includes a fantastic £1640 raised by Vendor Sales Manager, James Johnson, for completing the Ford Ride100 cycle challenge.

On raising this amount, Steve Bolton, Managing Director at PEAC Solutions UK, commented “We are incredibly proud of our team’s dedication to our Charity of the Year initiative and for the funds raised for Rainbow Trust Children’s Charity. Rainbow Trust does fantastic work and it’s heartwarming to see our colleagues and the wider community come together to support such a meaningful cause.”

Katherine Burgess, Corporate Fundraising Manager at Rainbow Trust shared, “Thank you to all those at PEAC Solutions who have so generously supported Rainbow Trust this year. The contributions really make a difference and £11,136  funds over 348 hours of vital emotional and practical support for families caring for seriously ill child. Rainbow Trust receives no central government funding and rely on partnerships like these in the communities where we work. Thank you!”.

For more information about PEAC Solutions and its charitable initiatives, please visit LinkedIn: (2) PEAC Solutions UK: Overview | LinkedIn

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of December 2022, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

 

About Rainbow Trust Children’s Charity: When a child has a serious illness, family life is turned upside down and time becomes more precious than ever. Rainbow Trust pairs each family with an expert Family Support Worker who enables them to make the most of time together, giving them practical and emotional support, whenever they need it, for as long as is needed.

Rainbow Trust has nine care teams of Family Support Workers across England including: Essex, Southampton, the South West, London & the South East, Greater Manchester, the Kentown Support Team in Lancaster, the North East, Reading and Liverpool.

We support the whole family including parents, carers, the unwell child, brothers, sisters and grandparents. Support is hugely varied and depends on the needs of the family. Find out more at rainbowtrust.org.uk

Fergus Gaddes joins PEAC Solutions as Relationship Director

19th August 2024

With over 30 years of experience in the automotive and fleet industry, Fergus joins PEAC with a breadth of expertise gained from roles at Inchcape, LEVC and Hilton Vehicle Leasing.

On his appointment, Fergus shared “Joining PEAC has been a seamless transition and it’s great to see how my automotive industry skills and experience complement the strengths of the team. The culture and willingness to share knowledge here is unparalleled and I’m excited to develop within a role and organisation that wholeheartedly encourages growth.”

Paul Mahoney, Regional Sales Director at PEAC, commented “From working with Fergus over the years, it was evident he would bring a significant amount of sector knowledge to the team in alignment with our growth plans. Having such an established professional onboard has already paid dividends and we’re delighted he’s joined PEAC.”

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of July 2024, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

Alka Randev joins PEAC Solutions as Relationship Director

5th August 2024

With over 24 years of experience in the financial services industry, Alka brings a wealth of experience to PEAC from her previous roles that include Director of European Capital Markets at Macquarie Group.

Alka commented, “I’m thrilled to join PEAC Solutions at such an exciting time where I can be part of the company’s ambitious growth plans. The values that PEAC has resonate with me and I’m looking forward to embracing new challenges and starting a new chapter.”

 

On her appointment, David Hawkins, Commercial Director at PEAC Solutions shared “We’re delighted to have Alka join the Syndication Team at PEAC. Alka joins us at a fantastic time in the development of the business and her breadth of experience will aid us to continue to drive forward the company performance at PEAC.”

About PEAC Solutions: PEAC Solutions is a leading multi-national asset finance platform operating across the United Kingdom, Europe and the United States and is a top 10 lessor in the UK. PEAC provides innovative financial solutions to equipment manufacturers, dealers and direct customers across a wide range of industries and asset classes and as of July 2024, the company has global lease portfolio of more than $5.4 billion. Find out more at peacsolutions.co.uk

AUTUMN BUDGET 2023 – CAPITAL ALLOWANCE CHANGES

13th December 2023

This information is issued as of 23 November 2023. Please always check the HMRC website to ensure this information is still up-to-date.

From 1 April 2023 companies can claim 100% capital allowances on qualifying plant and machinery investments. More details can be found below and on the HMRC website.

Full Expensing (FE)
• This replaces the super-deduction which ends on 31 March 2023, and comes into effect from 1 April 2023. It is only eligible to companies and allows taxpayers to claim 100% of the cost of qualifying main pool expenditure from their profits.
• It allows companies to deduct the 100% cost against profits in the tax return for the financial period expenditure.
• It is claimable in respect of expenditure qualifying as main pool only.
• If a company is paying the new tax rate of 25% this will result in a saving of 25p for every £1 spent (or 19p for every £1 spent for companies with profits under £50,000).

The 50% first-year allowance (FYA)
• It is only eligible to companies in respect of qualifying expenditures classed as special rate assets. Taxpayers can deduct 50% of the cost from their profits before tax in the year of purchase.
• After the 50% deduction in the first year, the remaining 50% balance will then be written down as writing down allowances at the current annual rate of 6%.

Annual Investment Allowance (AIA)
• The Annual Investment Allowance (AIA) remains, providing 100% first year relief for plant and machinery investments up to £1 million. This is available for all businesses including unincorporated businesses and most partnerships.

PEAC Solutions does not give tax or accounting advice. You should seek your own independent professional advice before entering into a transaction or applying any particular accounting treatment to your business or assets.

PEAC SOLUTIONS RECEIVES INDUSTRY ACCOLADES AT LEASING LIFE CONFERENCE

13th November 2023

Hamburg, Germany, November 13, 2023 – PEAC Solutions, a multi-national asset finance platform, received the 2023 ‘Distribution Channel Management Champion” Award from Leasing Life, one of the top leasing industry journals in Europe, during the Leasing Life Conference & Awards in Budapest, Hungary. During the same event, PEAC Solutions CEO, Bill Stephenson, was inducted into the Leasing Life – Hall of Fame, in recognition of his many contributions to the leasing industry.

 

Delivering Added Value to Channel Partners

PEAC Solutions received the “Distribution Channel Management Champion” award for their engagement with business technology provider, Konica-Minolta Business Solutions UK. The award recognises an asset finance lessor who is providing best in class products and services that cover the entire value chain and support business growth.

 

The Leasing Life awards jury noted, “The ability to properly engage, integrate and support a distribution channel is a key success factor, particularly within OEM programs where sales are largely done through indirect channels. The jury considered a variety of elements, including online capabilities, integrated digital tools, valued-added products and marketing support programs, which have contributed to business growth and increased satisfaction for all parties. Within that context, the entry put forth by PEAC Solutions provided clear evidence and testimonials to merit their recognition for this award.”

 

Alexia Mann, Divisional Head of Sales, PEAC Solutions UK, accepted the award and commented on the company’s engagement with Konica-Minolta. “We are delighted to receive this award from Leasing Life, which not only recognises the value-added products and services of PEAC Solutions, but also our long-standing collaboration with Konica-Minolta and their many dealers and customers in the UK. This award is possible because they continue to place their trust and business with PEAC Solutions.”

 

Stephenson Inducted into Leasing Life Hall of Fame

PEAC Solutions CEO, Bill Stephenson, was honoured as the inaugural inductee to the Leasing Life – Hall of Fame, which recognised his many contributions to helping build and shape the international leasing industry. In delivering this award to Stephenson, the awards jury commented, “As the inaugural inductee to the Leasing Life Hall of Fame, we are celebrating an inspirational individual who has successfully steered companies, mentored numerous colleagues, many of whom are industry leaders today, and provided strategic leadership and vision to our industry for almost forty years.”

 

Stephenson was honoured by this recognition, sharing with the gathered audience, “It is a privilege to be the inaugural inductee into the Hall of Fame. I want to thank Leasing Life, but more importantly, I want to thank the many people who played a role in inspiring me over the course of my career. I have worked with several talented professionals who took the time to share their knowledge, provide guidance and make a real difference in my life. It has always been my personal goal to reciprocate that experience, giving back to our industry and to my colleagues and customers. This is an incredible journey that I look forward to continuing in the years ahead.”

WILLIAM NASRI JOINS PEAC SOLUTIONS AS GLOBAL HEAD OF MARKETING AND COMMUNICATIONS

13th July 2023

MOUNT LAUREL, NEW JERSEY – July 11, 2023 – PEAC Solutions (“PEAC”), a
multi-national asset finance platform, announced the appointment of William Nasri as
the Global Head of Marketing and Communications. In this capacity, he will be
responsible for the company’s brand strategy as well as the alignment and
optimisation of the company’s marketing and communication functions across
Europe, the United Kingdom, and the United States.

Nasri is an industry veteran with over 30 years of experience in leasing and global
vendor finance. Over the course of his career, he has worked in the United States,
Europe and Africa and held leadership positions in Program Management, Marketing,
Communications and Strategy. Most recently, he served as the Global Head of
Communications and Corporate Affairs for DLL, where he reported into the CEO and
worked closely with the Executive and Supervisory Boards of the company.

Bill Stephenson, CEO of PEAC Solutions, commented, “I am pleased to welcome
William to the global leadership team. He brings a wealth of knowledge and
experience that will greatly benefit PEAC as we continue to expand our capabilities
and bring new, innovative solutions to our customers.”

On his appointment, Nasri said, “I am excited to join the PEAC team. They have a
clear vision for the future and a laser focus on creating value for their vendor partners
and customers. I look forward to contributing to the company’s continued growth and
success.”

About PEAC Solutions: PEAC Solutions (“PEAC”) is a multi-national asset finance
platform, operating in 13 countries across Europe, the United Kingdom, and the
United States. PEAC provides innovative finance solutions to equipment
manufacturers, distributors, and dealers in a wide range of industries and asset
classes. The company specialises in originating and servicing leases and loans that
allow end-user customers more easily access equipment and technology. As of
December 2022, PEAC Solutions had over 800 full-time employees globally and a
portfolio of more than USD 5.0 billion.

 

Liz Weller

Marketing Manager

PEAC Solutions

liz.weller@peacsolutions.co.uk

SPRING BUDGET 2023 – CAPITAL ALLOWANCE CHANGES

5th May 2023

This information is issued as of 5 May 2023. Please always check the HMRC website to ensure this information is still up-to-date.

From April 2023 until the end of March 2026, companies can claim 100% capital allowances on qualifying plant and machinery investments. More details can be found below and on the HMRC website.

Full Expensing (FE)

  • This replaces the super-deduction which ends on 31 March 2023, and comes into effect for three years from 1 April 2023. It is only eligible to companies and allows taxpayers to claim 100% of the cost of qualifying main/general pool expenditure from their profits.
  • It allows companies to deduct the 100% cost against profits in the tax return for the financial period expenditure.
  • It is claimable in respect of expenditure qualifying as main/special rate pool only.
  • If a company is paying the new tax rate of 25% this will result in a saving of 25p for every £1 spent (or 19p for every £1 spent for companies with profits under £50,000).

The 50% first-year allowance (FYA)

  • It is only eligible to companies in respect of qualifying expenditures classed as special rate assets. Taxpayers can deduct 50% of the cost from their profits before tax in the year of purchase.
  • After the 50% deduction in the first year, the remaining 50% balance will then be written down as writing down allowances at the current annual rate of 6%.

Annual Investment Allowance (AIA)

  • The Annual Investment Allowance (AIA) remains, providing 100% first year relief for plant and machinery investments up to £1 million. This is available for all businesses including unincorporated businesses and most partnerships.

Disposals

  • If a company sells an asset on which it has claimed either full expensing or the 50% first-year allowance, there are special disposal rules which apply.
  • For the disposal of an asset on which a company has claimed full expensing, the company will be required to bring in an immediate balancing charge equal to 100% of the disposal value.
  • For the disposal of an asset on which a company has claimed the 50% first-year allowance, the company will be required to bring in a balancing charge equal to 50% of the disposal value. The remaining balance of 50% is treated in the normal way so is deducted from the special rate pool balance.

 

PEAC Solutions does not give tax or accounting advice. You should seek your own independent professional advice before entering into a transaction or applying any particular accounting treatment to your business or assets.

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