The hire of plant covered by this document over a five year period is £560,000. The total purchase price is £343,000 giving a payback of just over 3 years.
Details of equipment to be purchased:
? Quantity 2 x Road sweepers
? Quantity 2 x 1t high lift dumpers
? Quantity 2 x 2.7t Excavators
? Quantity 1 x Towable wood chipper
The purchase of these items through capitalising plant will not only payback the full cost of borrowing repayments over a short period of time, but it will then release funds within revenue annexes that can be re-invested into the service.