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Why lease for your office furniture and fit-out business?

November 15, 2021/0 Comments/in Blog, Furniture, Office Furniture & Fit Out Leasing/by Jess Wells-Flint

Benefits of leasing for your office furniture and fit-out business

There are several benefits of leasing in regards to your office furniture and fit-out business. Many of which are key reasons why businesses turn to financing their equipment. These include; significant tax benefits and flexible rental terms generally over two to five years. You can also pay for the interior project over its useful life and not all in one go. You can also preserve existing lines of credit, and leasing makes monthly budgeting easier, meaning you do not compromise your interior project due to budget constraints.

Why choose WestWon?

Here at WestWon one of the things we pride ourselves on the most is the range of assets we can finance. In the office furniture and equipment sector we are no different. From modern desks and coffee machines to IT systems and commercial printers. One of the many good things about leasing in this sector is that because every office and client is different, we can easily tailor our agreement to your business. Financing an interior project is usually one of the largest projects that you and your business will invest in. So making sure you have the right process in place can be difficult to find. Financing all aspects of a project is essential, especially when this is an interior project.

Wanting to make your work space the best it can be is so important. So financing all the right equipment all in one place can be hard. However, at WestWon you can finance all these aspects of an interior project. This includes; office furniture, fit out and renovation costs, audio visual and other infrastructure and dilapidation expenses. It also includes HVAC, mechanical and electrical engineering as well as office partitioning (floors and ceilings).

Contact Us

If you are interested in leasing office furniture or equipment and would like to have a chat with a member of the team, contact us on 01494 611 456 or email [email protected]. You can also see more over on our LinkedIn page.

https://westwon.co.uk/wp-content/uploads/2016/03/WestWon-Office-Furniture-Leasing-Relocation.jpg 1122 1680 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2021-11-15 09:00:052022-06-20 13:48:02Why lease for your office furniture and fit-out business?

A £500,000 office furniture and fit out project

August 9, 2021/0 Comments/in Furniture, Loans, Office Furniture & Fit Out Leasing/by Jess Wells-Flint

A £500,000 office furniture and fit out project for £1.00 per square foot

We have recently quoted leasing figures on a £1/2 million office furniture and fit out project. The client is looking to sign a lease on a 10,000 square foot building.

We were asked for an indicative leasing quote based on a five-year term, the rental – as a rough guide – comes to £10,000.00+VAT per month.

Together with the office fit out supplier, we have built a sales strategy around £1.00 per square foot per month.

Breaking the capital cost down to the lowest common denominator

This strategy is nothing new, Olivetti (a famous IT manufacturer from many years ago) did exactly the same. They would take the rental cost of their computers and then illustrate this cost as a daily amount, a policy expressed in their saying; “it’s less than the cost of a cup of coffee every day.”

By dividing the £1/2 million cost by the square feet, and then again amortising this on a lease over five years, we have been able to break the capital cost down to the lowest common denominator.

A 20 x 25-foot meeting room becomes £500.00 per month.  Assuming there are fifty meetings in this room every month, and the cost per meeting is £10.00. Likewise, if an employee has equivalent to 100 square feet of space, then you can attribute a £100.00 cost to them every month.

Allocating office furniture and fit out costs to departments

Many years ago, we were looking to arrange a lease for a very well-known airline. They needed to allocate costs per department / division. One of their key criteria was the ease of changing departments costs. For example, the finance department contracts in space and the marketing department expands. When you have a cost per square foot per month, it is much easier to allocate these payments.

You do not have to lease office furniture and fit out to allocate payments and budget effectively

It is true, you do not have to lease to allocate departmental costs. You could just take the capital cost and divide it by the number of square feet. However there is also the cost of finance. Over five years, your internal cost of finance may go up or down.

There also might be a sperate cost for maintenance of these assets, warranty and the most popular cost now, disposal. All these costs can be included into a lease. This gives a true cost of ownership per month or per square foot.

Why do large cash rich companies lease?

If you ask most companies why they lease, they will say for cash flow reasons. It can be that the company does not have the cash currently, that they wish to preserve their cash or do not wish to use an overdraft or loan facility.

For the larger companies who do have cash reserves, budgeting and allocation of the true costs, this does play a major part in decision making when it comes to leasing.

Companies large and small lease office furniture and fit out

Our office furniture and fit out customers are both large and small companies leasing for a whole variety of reasons. Please call our sales team on 01494 611 456 if we can help with your office move, or for any further information email us on [email protected] .

https://westwon.co.uk/wp-content/uploads/2021/06/WestWon-Hybrid-working-IT-leasing-scaled.jpg 1000 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2021-08-09 09:00:522022-04-08 09:21:03A £500,000 office furniture and fit out project

Make the most of Furniture and Fit Out Finance

August 2, 2021/0 Comments/in Blog, Furniture, Office Furniture & Fit Out Leasing/by Jess Wells-Flint

Heading back to work in a new office? Make the most of Furniture and Fit Out Finance through WestWon.

As a result of the pandemic many businesses have had to adapt and work remotely. However, now things are looking more hopeful for all of us. Offices are slowly beginning to refill and resuming with “business as usual”. For companies who are returning to existing premises, the offices might look a bit tired, needing a renovation to dust the Covid cobwebs away and start afresh. Your company may be moving to new premises, for example, where tenancies have ended during lockdowns. Moving to a new premises, you may need to make superficial changes to make it more ‘your business’ and in line with your company culture.’ This is where you can make the most of furniture and fit out finance at WestWon.

On the other hand other companies have been forced to downsize due to the recession caused by multiple lockdowns and unemployment. Relocating is on the mind for many. However, this involves expenses such as fit out costs, preliminaries, surveys, design costs, electrical and decorating fees. All these costs during unsure times can cause businesses unwanted stresses and headaches. No matter your situation, WestWon are here to help support your business with finance products for these expenditures.

How does it work?

It’s very simple. Once you speak to a supplier and have received their quote, contact WestWon. We will then provide you with a free no obligation fit out leasing quote. After being contacted, WestWon will look to obtain a credit acceptance within 72 hours. This leads to a signed rental agreement by you. On return, your equipment is ordered and delivered and your rental starts only when a delivery confirmation is received.

How can WestWon help?

There are many benefits of office furniture and fit out finance and here at WestWon we offer all of them along with 5* customer service.

  • Keep funds in the business that are able to be used elsewhere within the company eg by recruitment (cash flow)
  • Alternative funding lines – there is no need to use up an existing bank facility, save it for a rainy day
  • The latest equipment – it is important for your business to have the latest technology on hand. Therefore when you replace equipment at the end of a lease term, it implements a recycling strategy
  • When dealing with rental agreements VAT is paid on the rentals, not in full and upfront.
  • Pay for equipment as you use it which is the same when paying employees. You do it all at once and upfront for office furniture as it is used
  • Tax planning – when using a lease rental agreement, 100% of that rental is then deductible against your company’s corporation tax

Contact Us

If you are interested in leasing office equipment and would like to have a chat with a member of the team, contact us on 01494 611 456 or email [email protected]

 

https://westwon.co.uk/wp-content/uploads/2016/03/WestWon-Office-Furniture-Leasing.jpg 1122 1680 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2021-08-02 10:00:362022-04-08 10:41:01Make the most of Furniture and Fit Out Finance

London Design Festival

September 30, 2019/0 Comments/in Events, Furniture/by Jess Wells-Flint

London Design Festival 2019 14th – 22nd September 2019 This year the London Design Festival ran across 14th – 22nd September. WestWon attended 100% Design and two showrooms in, the hub of furniture, Clerkenwell.

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https://westwon.co.uk/wp-content/uploads/2019/09/1500-x-330-1.png 330 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-09-30 13:15:362019-09-30 13:15:36London Design Festival

100% Design 2019

September 17, 2019/0 Comments/in Blog, Furniture/by Jess Wells-Flint

WestWon Is Attending 100% Design 100% Design is fast approaching with less than a day to go. Are you a furniture supplier attending/exhibiting the design? Are you on a project looking for new furniture and interior design ideas?

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https://westwon.co.uk/wp-content/uploads/2019/04/crowd-of-people-walking-street-picture-id1125707893.jpg 334 1024 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-09-17 09:20:052019-09-17 09:37:39100% Design 2019

Clerkenwell Design Week 2019

June 3, 2019/0 Comments/in Blog, Furniture/by Jess Wells-Flint

Clerkenwell Design Week 2019 What a fantastic couple of days the WestWon team had at Clerkenwell Design week 2019! It was great to meet so many different partners and make relationships with new ones. As a leasing company attending Clerkenwell Design week we saw a greater interest in finance and leasing. A lot more customers […]

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https://westwon.co.uk/wp-content/uploads/2019/05/cdw.png 200 200 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-06-03 11:08:052019-06-03 11:08:05Clerkenwell Design Week 2019

Clerkenwell Design Week

May 2, 2019/0 Comments/in Blog, Furniture/by Jess Wells-Flint

Clerkenwell Design Week Clerkenwell Design Week is fast approaching with less than a month to go. Are you a furniture supplier attending/exhibiting the design week? Are you on a project looking for new furniture and interior design ideas? When: 21st – 23rd May 2019

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https://westwon.co.uk/wp-content/uploads/2019/04/crowd-of-people-walking-street-picture-id1125707893.jpg 334 1024 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-05-02 09:48:182019-05-02 09:48:18Clerkenwell Design Week

Future Build Exhibition

March 19, 2019/0 Comments/in Furniture/by Jess Wells-Flint

Future Build Exhibition The WestWon furniture division partnered with Block London at the Future Build Exhibition. It was a great opportunity to inform tonnes of industries about the world of leasing furniture and the beneficial factors behind it.

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https://westwon.co.uk/wp-content/uploads/2019/03/E3AA42F1-A7FF-4626-A90B-237593799451.jpeg 1200 1600 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-03-19 11:39:312019-03-19 14:23:08Future Build Exhibition

Advantages of Leasing Office Equipment

January 28, 2019/0 Comments/in Furniture, Office Equipment Leasing, Office Furniture & Fit Out Leasing/by Jess Wells-Flint

Advantages of Leasing Office Equipment Whether you are a brand-new business and cash is low or an established business looking to not tie up all your cash in office equipment, you are in the correct place. When it comes to leasing, some may question it and not really understand the advantages of leasing office equipment. […]

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https://westwon.co.uk/wp-content/uploads/2019/01/empty-office-roomwindowopen-door-and-modern-furniture-vector-id983355172.jpg 430 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2019-01-28 17:07:032019-01-28 17:07:03Advantages of Leasing Office Equipment

Hotel Equipment Leasing

December 11, 2018/0 Comments/in Blog, Catering Equipment Leasing For Business, Furniture/by Jess Wells-Flint

Hotel Equipment Leasing The hotel industry is a type of business that requires constant maintenance throughout the whole premises. With the competition being so high in the hotel sector, it can be difficult to stay up to date with the latest trends. The current major trends that hotels are investing their time and money into […]

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https://westwon.co.uk/wp-content/uploads/2018/10/3d-rendering-modern-luxury-bedroom-suite-in-resort-with-bathroom-picture-id934123520.jpg 430 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2018-12-11 16:05:222018-12-12 10:09:08Hotel Equipment Leasing
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