Get the inspirational office space you need to drive your business forward and spread the cost over the lifespan of your office space
CREATIVE OFFICE DESIGN CAN MAKE A HUGE DIFFERENCE
Most FTSE100 companies are opting to finance capital projects by using leasing. One common area where finance is used if for office furniture and refurbishment projects rather than using bank finance or cash.
OFFICE FURNITURE FINANCE
Procuring Office Furniture using finance is very straight-forward. Either hire purchase or leasing can be used for any office furniture project with a value of more than £1000 + VAT.
FINANCE FOR OFFICE REFURBISHMENT AND FITOUT PROJECTS
The rules regarding the leasing of office refurbishment and fit-out schemes are rather more complicated. In essence any elements of a project that can be removed are eligible e.g. partitioning, suspended ceilings, carpet tiles (not sheet flooring). Elements that are not eligible are items such as decorating, sheet flooring. For clarification on what can or can’t be covered by an office furniture or office refurbishment leasing scheme then please contact us.
ADVANTAGES OF USING FINANCE OR LEASING
- Improved cash flow
- Budgeting is simpler with fixed monthly or quarterly payments
- Bank lending options are kept open
- In many cases it can actually be cheaper than using cash, after taking the tax implications into account