KN71015 KEY NOTE EQUIPMENT LEASING AUGUST 1995
ISBN
1-85765-470-6
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Table of Contents- Executive Summary
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TABLE OF CONTENTS
- Executive Summary
- Market Definition
- DEFINITION OF A LEASE
- LEGAL ASPECTS
- HIRE-PURCHASE AND LEASES
- MARKET DEFINITION
- INVESTMENT IN EQUIPMENT
- TOTAL FINANCING FOR EQUIPMENT
- ASSETS FINANCED
- RENTAL RECEIVABLE
- Table 1: Gross Domestic Capital Formation
(GDCF) and Investment in Equipment at Current Prices (£m), 1985-1994
- Table 2: Gross Domestic Capital Formation
(GDCF) and Investment in Equipment at Constant 1990 Prices (£m),
1985-1994
- Table 3: Financing of Equipment by Members
of the Finance & Leasing Association (FLA) at Current Prices (£m),
1988-1994
- Table 4: Total Financing by Members of the
Finance & Leasing Association (£m), 1988-1994
- Table 5: Leasing Finance Provided During the
Year by the Members of the Finance & Leasing Association at Current Prices
(£m), 1985-1994
- Table 6: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association (£m),
1988-1994
- Table 7: Leasing of Equipment Provided by
Members of the Finance & Leasing Association at Current Prices (£m),
1984-1994
- Table 8: Hire-Purchase and Other Finance of
Equipment Provided by Members of the Finance & Leasing Association at
Current Prices (£m), 1990-1994
- Table 9: Change in Assets Financed by
Members of the Finance & Leasing Association at Year End at Current Prices
(£m), 1985-1994
- Table 10: Rental Receivable During the Year
by Members of the Finance & Leasing Association at Current Prices
(£m), 1984-1994
- Market Size
- INTRODUCTION
- TOTAL FINANCING
- LEASING
- HIRE-PURCHASE AND OTHER FINANCE
- Table 11: Total Financing Provided by
Members of the Finance & Leasing Association by Type of Product (£m),
1990-1994
- Table 12: Year-on-Year Change in Total
Finance Provided by Members of the Finance & Leasing Association by Type of
Product ( percent), 1991-1994
- Table 13: Total Finance Provided by Members
of the Finance & Leasing Association by Primary Period at Current Prices
(£m), 1990-1994
- Table 14: Year-on-Year Growth in Total
Financing Provided by Members of the Finance & Leasing Association by
Primary Period ( percent), 1990-1994
- Table 15: Lease Finance Provided by Members
of the Finance & Leasing Association - Analysis by Type of Product Financed
(£m), 1990-1994
- Table 16: Year-on-Year Change in Leases
Provided by Members of the Finance & Leasing Association - Analysis by Type
of Product Financed ( percent), 1991-1994
- Table 17: Leasing Provided by Members of the
Finance & Leasing Association by Primary Period at Current Prices
(£m), 1990-1994
- Table 18: Year-on-Year Change in the Value
of Leases by Members of the Finance & Leasing Association by Primary Period
( percent), 1991-1994
- Table 19: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association - Analysis by Type
of Product Financed (£m), 1990-1994
- Table 20: Year-on-Year Changes in
Hire-Purchase and Other Finance by Members of the Finance & Leasing
Association - Analysis by Type of Product ( percent),
- 1991-1994
- Table 21: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association - Analysis by Type
of Product ( percent of total financing),
- 1990-1994
- Table 22: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association by Primary Period
(£m), 1990-1994
- Table 23: Year-on-Year Change in
Hire-Purchase and Other Finance by Members of the Finance & Leasing
Association by Primary Period( percent), 1991-1994
- Table 24: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association by Primary
Period( percent of total financing), 1990-1994
- Industry Background
- INTRODUCTION
- THE LEASING INDUSTRY
- INDUSTRY CONCENTRATION
- FINANCE & LEASING ASSOCIATION (FLA)
- Table 25: Industrial and Office Machinery
Leasing - Number of Enterprises Analysed According to Turnover Range at Current
Prices, 1991-1994
- Table 26: Office Furniture Leasing - Number
of Enterprises Analysed According to Turnover Range at Current Prices,
1991-1994
- Competitor Analysis
- THE MARKETPLACE
- MAJOR LEASING COMPANIES
- ADVERTISING
- Table 27: Ownership of Some of the Major
Leasing Companies, 1995
- Table 28: Leasing Companies by Turnover and
Investment (£000), 1994
- Table 29: Pre-tax Profits and
Pre-tax/Investment Proportion of Major Leasing Companies (£000 and percent),
1994
- Strengths, Weaknesses, Opportunities and
Threats (SWOT)
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- Buying Behaviour
- INTRODUCTION
- TYPES OF LEASE
- NEW ASSETS ACQUIRED AND TOTAL ASSETS OWNED
- TOTAL FINANCING
- THE SPLIT BETWEEN LEASING AND HIRE-PURCHASE
- LEASING
- HIRE-PURCHASE AND OTHER FINANCE
- BREAKDOWN BY USAGE OF FINANCE
- Table 30: New Assets Acquired and Total
Assets Owned by Members of the Finance & Leasing Association (£m),
1989-1994
- Table 31: Total Financing Provided by
Members of the Finance & Leasing Association Analysed by Class of Customer
at Current Prices (£m), 1990-1994
- Table 32: Year-on-Year Change in Total
Financing Provided by Members of the Finance & Leasing Association Analysed
by Type of Customer ( percent), 1991-1994
- Table 33: Total Lease Finance Provided by
Members of the Finance & Leasing Association Analysed by Class of
Customer( percent of total finance), 1990-1994
- Table 34: Lease Finance Provided by Members
of the Finance & Leasing Association Analysed by Class of Customer at
Current Prices (£m), 1990-1994
- Table 35: Year-on-Year Change in Lease
Finance Provided by Members of The Finance & Leasing Association Analysed
by Class of Customer ( percent), 1991-1994
- Table 36: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association Analysed by Class
of Customer in Terms of Share of Total
- Finance Provided ( percent), 1990-1994
- Table 37: Hire-Purchase and Other Finance
Provided by Members of the Finance & Leasing Association Analysed by Class
of Customer (£m), 1990-1994
- Table 38: Year-on-Year Change in
Hire-Purchase and Other Finance Provided by Members of the Finance &
Leasing Association Analysed by Class of Customer
- ( percent), 1991-1994
- Table 39: Use of Finance by Sector - Total
Finance Provided at Current Prices (£m), 1994
- Table 40: Who Acquired What - Lease Finance
Provided at Current Prices (£m), 1994
- Table 41: Who Acquired What - Hire-Purchase
and Other Finance Provided at Current Prices (£m), 1994
- Outside Suppliers to the Industry
- INTRODUCTION
- ASSETS SUPPLIED
- Current Issues
- ROLLING STOCK LEASING COMPANIES AND TRAIN
OPERATING COMPANIES
- MEDICAL EQUIPMENT LEASING
- EUROPEAN LEASING
- Table 42: New Equipment Leasing Business
(billion ecu and percent), 1992-1994
- Table 43: Top Ten European Lessors by Lease
Portfolio and Lease Volume ($m), 1994
- Table 44: Top Ten British Lessors According
to Lease Portfolio($m), 1994
- Forecasts
- ECONOMIC CLIMATE
- INVESTMENT IN EQUIPMENT
- LEASING AND HIRE-PURCHASE
- Table 45: Some Economic Indicators at
Current Prices (£m), 1990-1994
- Company Profiles
- INTRODUCTION
- DEFINITIONS
- FURTHER INFORMATION
- Further Sources
- ASSOCIATIONS
- PERIODICALS
- DIRECTORIES
- GENERAL SOURCES
- ICC INFORMATION SOURCES
- GOVERNMENT PUBLICATIONS
- OTHER SOURCES
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EXECUTIVE SUMMARY
Investment in equipment (vehicles, ships and
aircraft, plant and machinery) increased by over 6 percent during 1994, to reach
£48.5bn at current prices. At 1990 prices, the increase was of the order
of 8.3 percent. In 1994, the members of the Finance & Leasing Association (FLA),
which is estimated by independent research to account for around 95 percent of the
asset finance market by value, contributed £14.6bn in leasing and hire
purchase finance. This gave the members of the FLA a 30.2 percent share of the
investment in equipment in 1994.
Including land and buildings, leasing
by members of the FLA amounted to £7.7bn on the declining trend which
started in 1991. On the other hand, they contributed £7.1bn in
hire-purchase, which has been growing since 1992. The increase for 1994 in
relation to 1993 was 31.6 percent. However, the total value of the leased assets owned
by the members of the FLA declined by 10.7 percent to £47bn, in 1994. For the
same year, rentals from leasing declined by 20.3 percent to £5.7bn and the
receivables from hire-purchase increased by 16.7 percent to £4.5bn, in relation
to 1993. However, total receivables declined by 7.3 percent.
According to
official statistics, there were 3,204 enterprises involved in `industrial and
office machinery leasing' and 891 in `office furniture leasing' during
1994.
On the basis of the type of product, leasing declined in 1994;
that is, except for cars, which increased by 7.3 percent, ships by 30.6 percent and railway
rolling stock by 67.6 percent. In so far as primary periods are concerned, the trend
is towards the short term, with 70 percent of the leases for 5 years or less. On the
other hand, hire-purchase increased in 1994 for all products with the exception
of aircraft and ships.
On the basis of the type of customers, total
financing increased for all sectors with the exception of `other manufacturing'
and `transport and communications'. Lease financing increased for all customer
sectors with the exception of `energy and water supply, other manufacturing and
transport and communications, banking, finance and insurance, and central and
local government'. In so far as hire-purchase is concerned, there were
increases in all customer sectors, with the exception of `transport and
communications'.
Looking to the future of the industry, it is likely
that investments would increase by 3 percent to 4 percent annually over the next 3 or 4
years. Leasing and hire-purchase should increase, but it is unlikely to exceed
5 percent annually on average for the next 3 years.
Text © 1995
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