RE: Electrolyte production7 Oct 2019 18:56
on the subject of leasing, where BE is the provider of the leased asset, the electrolyte, it would be quite normal for an outside leasing company to provide all the leasing service including credit underwriting, asset management, recoveries, payment management, governance and disposal/renewal and share the leasing profit with the vendor. in order to frame that activity bushveld could either put all the activity into a new company for the purpose and share the shareholding with the leasing company or own it outright wit a separate profit share agreement between vendor/leasing service provider.I would be very surprised if bushveld sought to create their own leasing business. most of the major product based leasing offerings are in fact provided by leasing companies and badged with the manufacturers name. usually termed undisclosed vendor leasing. gla