WestWon is planning on doubling the size of its finance team in 2012 and, as a result of this positive growth, has recently relocated to larger premises in Buckinghamshire as well as launching operations in the North.
There are many costs associated with moving into and running new premises – the rent deposit, legal costs, new stationery, removals and dilapidations to name but a few. Add in the cost of recruiting new team members and additional salary costs and it is easy to see why expanding can be an expensive business.
Certain ‘soft’ expenses cannot be met through asset finance. However leasing office and boardroom furniture and fittings, CAT 5 cabling, telephone systems and IT equipment is a really attractive option for many businesses, including ours! After all, it makes absolute sense to preserve cash and retain bank facilities for working capital requirements.
Being in the asset finance and leasing business we passionately believe in the benefits of this form of lending, and as our recent office move demonstrates, we use it ourselves wherever we can.