COVID-19 and your business
A new option
New kid on the block
Lease, a question of money
Lease has never been a viable concept for industrial textiles as these were always considered assets without a residual value, and banks are not interested in financing these products.
However, TaaS gives full visibility of each article during its lifecycle, and as such, a residual value can be calculated in real time. Thus, we transform what today is treated as a low-value volume article into a high-value asset that can be traded like any other asset with a residual value.
The changes introduced in IFRS 16, effective January 2019, have made leasing an attractive proposition, as it improves EBITDA, a key financial metric for performance and business valuation.
We have several options when the articles are taken out of circulation, and our aim is to always take a step that benefits the environment. Extending the use of items that have been through a controlled lifecycle and still meet quality demands is one. Another one is making them available for the secondary market where traders are willing to sell used, but documented, textiles.
TaaS enables lease, an attractive cash-preserving financial option at a time that industries need that commodity most to adapt to a changed economy.
Finance and industry
March 27th, 2020
Lease and IFRS 16
Whilst asset leasing is a widely used financial construction, to date, it has never been applied to industrial textiles. In order for textile assets to be qualified as an entity that is fit for lease, it first needs to be […]Read more
April 17th, 2020
Textiles and the environment
At LossLess Group , we consider it one of our primary responsibilities to help flatten the curve of environmental mismanagement. We operate in interconnected industries that have a common denominator: Textiles, a one trillion dollar annual market. According to the […]Read more
April 24th, 2020
ADR, RevPAR and Occupancy
Hotels, or if we want to use a more confusing term: the lodging industry, use 3 key performance indicators to measure their performance: ADR, RevPAR and Occupancy rate. However, unlike other holy trinities in business, this is really a duality […]Read more