Interface

14 Spring 2023 H ave you ever wondered what the true value of your business assets is? Is it what you paid for them? What you paid less some depreciation? Or is it what you can do with those assets? As an example, if you are able to provide assets for a hire request and invoice a customer, that has a value, or if you retain a contract by completing the job, that also has a value. With that in mind what happens if you lose some, or all, of your assets? What can you not do when you don’t have your plant, or vehicle and tools? What is the total cost to your business of not doing business? It would actually be more than the cost of just the replacement equipment, it is also the lost time in claiming on your insurances, loss of earnings and future earnings and loss of customer goodwill. is will total signi cantlymore than the initial thousands that you invested in the assets. What can you do about this? Peterborough-based ABAX UK Ltd, a company which provides a smart mobility platform to help companies manage vehicles, machinery and tools, says the solution is simple: Trace and locate in order to protect all your valuable business and hire assets. ere are many forms of equipment trackers. ey all o er di erent solutions to di erent problems but all have an important role to play. For assets with their own power, like mini diggers, plant, vans and even trailers, a wired, self-installable solution is perfect. Why your business assets may be worth more than you realise. KEEPING TRACK REAPS DIVIDENDS