Help for maintained schools
help for maintained schools
We are totally independent and do not work, supply or deal with any suppliers or finance houses.
Are you currently stuck with a lease that is not fair or financially beneficial to your school?
The news for Maintained Schools is all Good.
The Courts have recognised the restrictions placed on Schools when they enter into a finance lease.
This means that if a supplier or finance company has misrepresented lease agreements and sold unfair and unreasonable leases to a school, this can be challenged.
School Business Managers have a huge pressure on them to manage all aspects of a school’s operations. Unscrupulous sales people often mislead schools, who then feel trapped in leases they can’t escape from.
There are many complexities involved with lease agreements, with little or no official guidance available. We are here to help, providing audits of all your lease agreements, current and past, to uncover whether your school has been paying too much for office equipment.
All we need to get started is a copy of your current and if applicable, past agreements and we can begin.
If we find that the agreement is unfair, we will deal with the Finance Houses and suppliers on your behalf to reach a successful conclusion.
No matter how much you save, whether you are a small primary or a large secondary school, the rewards can have a significant positive impact.
Let us help you save time and money
With ever increasing pressure on school budgets, it is critical that Schools take advantage of the potential to save money and reduce spending wherever possible.
We not only understand the nature of these agreements, but also the need for minimal disruption to the school. We know that the day to day running of the establishment is of critical importance.
We can assist your school to ensure that your agreements are both reasonable and adhere to the legal requirements, and if appropriate work with you to create significant savings to your budget.
Let us help save you time and money, whilst ensuring you adhere to the significant amount of criteria placed on you as a Business Manager.
IN THE PRESS
Asset Leasing is currently unregulated. It does have a voluntary body, the Finance and Leasing Association (FLA). They have published a guide to responsible lending, which its members should adhere to. Unfortunately it does not offer any real protection to customers,...
Introduction of IFRS 16 Accountancy Regulation for SchoolsA new Accountancy regulation is due to be introduced in to Schools. IFRS 16 came into effect on 1 January 2019. However, for UK public bodies that use IFRS accounting standards, the adoption date was deferred...
Finance Leases deemed Invalid in Maintained SchoolsThe Courts have confirmed that Finance Leases, deemed borrowing, may result in them being classified as invalid.This allows maintained Schools to challenge misrepresented and unreasonable lease agreements.We can...