Office relocation and refurbishment budgets are often under scrutiny and managers are constantly under pressure to deliver amazing results on limited budgets.
If you are currently planning an office project and looking at ways of getting the most from your available budget, then you may be interested to know that you can lease your workplace refurbishment project as an alternative to funding it using cash or bank facilities.
Most customers would not think twice about leasing items such as company vehicles or IT equipment, these are well established and trusted methods of finance. The same principles and benefits however also apply to office furniture and refurbishment, but many business owners assume it’s not an option due to the nature of the asset. Lease finance is an increasingly popular method of finance to help businesses achieve the new office design they want rather than being constrained by their existing budgets.
Leasing is a fully tax allowable method of spreading the cost of refurbishing or fitting-out an office interior over 3 to 5 years. Unlike any other method of finance such as a bank loan, lease payments are fixed for the payment period allowing you to budget effectively with no unexpected surprises such as interest rate or inflation increases.
Paying upfront for an interiors project can be a significant drain on cash resources and a potential stumbling block in signing off a new office design, but leasing avoids the initial capital outlay and preserves your existing bank credit lines leaving working capital available for future investment into revenue generating plans.
Whether your project is large or small, lease finance is available not just for office furniture and interiors, but packages can also encompass all aspects of the office environment including computer hardware and software, telecoms, audio and visual and even the (breakout area) kitchen sink!
Key Benefits of Leasing
- Helps cashflow – No big cash outlay means you keep cash within your business to invest in other revenue-generating projects
- Payments are 100% tax allowable against taxable profit
- Fixed payments for accurate budgeting and forecasting
- Get the best solution now by spreading the cost, rather than being restricted by your current capital budget
- Match the lease of the fit-out to the lease on your building
- Leasing is quick to approve (usually 2 to 3 days) and in most cases is secured only on the assets
CBS Office Interiors work in partnership with Plus Finance Ltd, the UK’s market leading specialist in arranging finance packages for business, so if you are interested in finding out more about leasing for your project, please contact one of our team or alternatively get in touch with Plus Finance direct on 01494 783773 or check out their website www.plusfinance.co.uk.