How finance helped one event organiser expand and insurance kept another afloat
Company: Bluestar Leasing
Telephone: 01420 481500
Services supplied: Finance for new refrigerated trailers
Details: Bluestar Leasing recently assisted an events company based in County Durham with their new asset purchase. The customer’s primary market was stag and hen dos, and corporate events. After looking at ways to expand the business and offer more to their customers the decision was made to include a catering service within their events packages. To achieve this goal they required two new refrigerated trailers costing £15,650+VAT to transport food and drink to multiple event locations.
To protect working capital the customer decided to use Bluestar’s flexible finance solutions to help spread the cost. Bluestar Leasing financed the entire cost of the equipment over a 36 month hire purchase agreement. No initial rental was required and the monthly payments came to £589 a month. The customer can now increase their offering and be at the top end of what is a highly competitive market.
Feedback: “Using Bluestar Leasing has really opened up a whole new world of possibilities when it comes to growing our company. It’s great to have Bluestar behind us as we look to grow our business. Professional in every step of the process, we can’t fault them in any way.”
Company: Event Insurance Services
Telephone: 01425 484860
Event: Blackburn Harriers Ribble Valley 10k
Description: The Blackburn Harriers is a voluntary, non-profit organisation. The Ribble Valley 10k is a long established premier road race which takes place annually on the 27 December in Clitheroe, Lancashire. It is organised by the Blackburn Harriers & Athletic Cluband is open to runners of all levels including a number of top class athletes
Services supplied: Event insurance
Details: The Ribble Valley 10k event had been relatively unaffected by winter weather in previous years, however adverse weather conditions caused major problems one year. After two hours of continuous snowfall in the early hours of the morning before the race, the course was ruined and was deemed unsafe to compete on, so the race had to be cancelled.
In keeping with the Blackburn Harriers’ commitment to athletes, its pride in the race and its aim to be as professional as possible, the organisers returned the entry fee to every applicant. The Blackburn Harriers had taken out insurance that provided them cover for adverse weather conditions and within days after the cancellation of the event, the organisation received a cheque that covered the irrecoverable costs as a consequence of the cancellation.
Feedback: “Being a householder and car owner I have been involved with insurance claims before, but I have never received such a responsive service. The team at Event Insurance really showed their experience and made the process of the claim so simple.”