Foremans Relocatable Building Systems Ltd has arrangements with a number of Lease Finance Houses, who are able to provide operating lease and lease agreements subject to suitable financial status and which are in compliance with the relevant regulations for either local Authorities or the NHS.

Operating Leases gives you the customer the opportunity to obtain the modular building you want, without the necessity to use up precious capital resources. An Operating Lease is available whether the modular building is temporary or permanent.

We have chosen the Finance Houses we work with because of their specialist knowledge and experience of the temporary and permanent modular building industry. This allows them to make prompt decisions, which allow Foremans’ customers to get on with their business without frustrating delays while "finance committees" consider whether to say "Yes or No".

If you contact Foremans, you can expect to be put in touch with someone who understands lease finance, construction using modular buildings and the sector in which you operate. Furthermore, because he or she is confronted daily with the problems and opportunities of businesses like yours, your time will not be wasted by meaningless discussion and pointless questions.

The Finance Houses we work with are active in the Local Government and National Health sectors through the provision of qualifying operating leases and other PFI / PPP products. They can offer the highest degree of flexibility in the setting up of the Operating lease in both the primary and secondary financing terms.

From a financial reporting perspective, an Operating Lease has the characteristics of a usage agreement and also meets certain criteria established by the accounting rule-making body. Such an Operating Lease need not be shown on the balance sheet of the lessee. Usually the lessor has taken a residual position in the lease pricing and, therefore, must salvage the equipment for a certain value at the end of the lease term or extend the term in order to earn its rate of return.

Operating leases are complex leasing vehicles and are generally only applicable to larger high value projects.