To help businesses cope with the current tough economic conditions, Airchannel Limited is launching PaySmart, a new way of financing a company’s compressed air needs. As well as new equipment, PaySmart covers the fitting of new pipework and ancillaries along with full installation.

Subject to the package selected, it is backed by a regular programme of maintenance and free on site breakdown cover with a four-hour response time. It allows customers to obtain the latest technology at a fixed cost that is spread equally over between three and five years, avoiding a high capital outlay, and benefits from full tax relief.

For example, an installation costing £6,000 could attract tax relief in excess of £2,000, based on the highest tax rate of 28%, over a three-year period with manageable monthly payments of £208.74. Figures exclude VAT.

At the end of the lease period, a customer has the option to buy the equipment outright, return it or exchange it for the latest technology under a new lease. There are no hidden costs.

Despite the pressure to cut expenditure, Alastair Shanks, managing director of Airchannel, warns that out of date equipment and a poor servicing regime results in higher overall running costs over a sustained period.

He says: “We recognise that many companies are facing increased pressure to reduce costs and find ways of improving efficiency within their operations.

“With PaySmart a business can have the best of both worlds. The latest compressed air solution and continuous long-term energy savings that will help a company manage costs now. It will also ensure that they are ready to take advantage of opportunities when the upturn occurs.”

The new service is the latest in a series of initiatives by the award winning company, which began with the introduction of a compressed air and pneumatics catalogue to provide one-stop solution for a wide range of related industrial products.

To find out more about PaySmart contact Martina Hasmandova at Airchannel on 0845 263 6826 or email This email address is being protected from spambots. You need JavaScript enabled to view it..