Contractor-owned formwork systems cost from around £12,000 for a small wall package to £250,000 for a large slab and falsework package, usually financed by concrete frame contractors.
Yes, formworks are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £10,000 to £250,000, and most deals are written over 12-84 months with a deposit of around 10-20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£10k – £250k
Approval Speed
24–48 hours
Same-day for straightforward deals
Rates From
5.4% - 9.9% per annum
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical formwork price. Indicative only, not a quote.
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Check EligibilityOn a purchase price of £60,000: a 10% deposit of £6,000, then 48 monthly payments of £1,266 at 5.9% APR representative (fixed). Total amount payable £66,768, including the deposit. The rate you are offered depends on your business and the asset.
Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.
| Machine or specification | Guide price | Type |
|---|---|---|
| Wall Formwork Package (small contractor) | £12,000 - £35,000 | Wall Formwork System |
| Column and Wall Formwork Package (mid-size) | £35,000 - £90,000 | Column and Wall Formwork System |
| Slab and Falsework Package (large contractor) | £80,000 - £250,000 | Slab and Falsework System |
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Check EligibilityA formwork system is treated as plant and machinery for tax purposes, so it qualifies for the Annual Investment Allowance (AIA), letting a business deduct the full cost from taxable profits in the year of purchase, up to the current £1,000,000 annual limit. Companies buying new, unused equipment may also qualify for full expensing, a 100% first-year deduction against Corporation Tax. These allowances apply where you own the asset, so they are available under a Hire Purchase agreement. Under a Finance Lease or Operating Lease you do not own the formwork system outright, so allowances are not claimed directly; instead the payments are generally deducted as a business expense against profits. Always confirm treatment with your accountant before committing to a structure.
Formwork is bought by concrete frame and groundworks contractors who pour enough repeat structure, walls, columns, slabs, that owning a panel and falsework inventory is cheaper than hiring a system for every project. Smaller contractors and those with irregular concrete work more commonly hire from a formwork specialist instead. Because formwork is bought as an inventory of panels, ties, props and accessories rather than a single machine, the finance amount and package composition scale directly with the size of frame a contractor typically builds. Replacement is driven by damage to the facing material and wear to ties and locking hardware from repeated strikes and re-use.
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