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Lease or Buy Your New Office Furniture and Fit Out?

November 28, 2014/0 Comments/in Furniture, General, Office Equipment Leasing/by Jess Wells-Flint

Leasing office furniture and equipment is a great option for many companies depending on their office equipment and furniture needs, financial situation and line of business.

Often companies do not have or do not wish to tie up capital available to buy office furniture and equipment outright; or to finance a fit out or relocation. Understandably companies are generally also not keen to tie up crucial bank credit lines for this type of project. Leasing allows them to spread the cost over two, three, four or five years, acquiring the solution that meets their long-term needs rather than that which their current budget and cash flow dictates. It also allows businesses to carry out refurbishments straight away. Lease payments are fixed for the term of the lease – normally 2-5 years – making it easy to budget for a monthly, quarterly or even annual payment and budget accordingly.

However, leasing office equipment and furniture ties businesses into an on-going agreement so it is therefore very important to think carefully about what the office furniture and equipment needs and also about the way the business is likely to develop in the future. Key factors to consider are how often a company relocates, how important is it to keep up with technology changes and is it important to use capital budget for R&D marketing or staff rather than office refits and refurbishments? In these cases, leasing may well be the ideal way to keep the workplace current and to ensure that upgrades can be organised with minimum hassle in the future.

Nowadays, the right workspace – including acoustics, lighting, flooring, decoration and furnishings – play an important role in attracting and retaining the right kind of staff. After all, creating an ergonomic space with appropriate tools for a person to do their job well benefits employers through increased productivity and reduced absenteeism. But innovative, creative spaces normally require new equipment and furniture. With leasing companies can create the exactly right image and environment, deciding exactly what furniture and equipment they want (including a custom build) and have it financed under a lease agreement.

When deciding whether to lease or buy, companies should review their cash reserves, cash flow and credit lines, and ensure they understand the terms and conditions of the lease, for example, what happens at the end of the lease; are upgrades included; required insurance on the equipment as well as early cancellation fees. Understanding exactly what the business needs are and what the purpose of the office equipment, furniture or refit is will help companies to make the right decision.

Download the Office Furniture and Fit Out Brochure for more information about leasing your dream office.

See here for a free Office Move Project Planning Tool

Leasing VOIP Telephony Equipment As Part Of Your Office Fit Out

March 5, 2014/1 Comment/in Blog, General, Office Equipment Leasing, WestWon Resellers & Partners/by Jess Wells-Flint

When WestWon moved to its new offices at the Old Rectory in Beaconsfield, Bucks, we undertook a major office fit out – everything from desks, chairs, partitions to boardroom furniture and flooring to laptops and AV equipment. Being a character building, the Old Rectory is full of charm … and also quirks, as we discovered when it came to fitting it out.

Naturally, as a leasing company, leasing the fit out was the obvious solution for us. And as part of our office refit we took the decision to install a new Voice Over IP (VOIP) telephone system – telephony equipment that uses the internet as opposed to a “normal” land line.

Leasing technology as well as furniture

Initially we were slightly dubious about the technology. Will it work? Will the service be secure and reliable? Will the sound quality be OK? Such doubts were unfounded.

Thus far, leasing our telephony has proved a sound business decision. The running costs are not just significantly lower, but the system also offers a number of key benefits. One example is how well it integrates with our CRM system – simply ‘right click’ on any telephone number in the system and press dial and, within seconds, we’re having a conversation. It is also very easy to set up the system for use from home as long as you have a laptop and an Internet connection.

Integrated telephony leasing

Of course, WestWon has also helped many other companies, large and small, to secure lease finance for their office fit out including telephony systems. In our experience, many sales organisations also choose to install a PBX system on the wall to monitor activity – quite an expensive item and ideal for leasing. And in general, at around £100 per CISCO handset together with the set up costs, telephony leasing certainly has its attractions for both established and new start up businesses.

For more information about leasing VOIP telephony or any other IT equipment, or indeed any aspect of a planned office move, refurbishment or fit out, please contact WestWon on Tel:01494 611 456.

Finance Your Office Fit Out Or Refit Without Compromising Your Cash Flow

February 25, 2014/0 Comments/in Blog, General, IT Equipment Leasing For Business, Office Equipment Leasing, WestWon Resellers & Partners/by Jess Wells-Flint

Whether you are looking to refurbish or refit your existing work space or are fitting out brand new offices, leasing can help you create your dream work environment. From planning and design to interior finishes and furniture, a lease agreement can provide a flexible and tax efficient way to finance your plans.

Download our Dream Office Fit Out brochure now

Office Refits and Fit Outs Boost Staff Productivity

Refurbishing your office environment can significantly improve efficiency, enhance your corporate image, improve staff morale and increase your ability to attract new clients. However, paying upfront to fit out your new business premises can be a significant drain on the working capital for most businesses. This is where a leasing and asset finance broker can assist

Businesses are increasingly using leasing to finance entire office refurbishment projects including lighting, flooring, furnishings, computer equipment and even moving services. Leasing provides added convenience and flexibility, with everything covered under one agreement. This means you only need to pay one monthly or quarterly payment for multiple suppliers.

Furniture and Fit Out Leasing Protects Cash Flow

You can choose exactly what you need without compromising your cash flow or existing lines of credit. Asset-based finance allows you to spread the cost of the project over a number of years, benefit from the investment straight away and easily upgrade technology or interiors at a later date. Lease payments can even be tailored to match seasonal cash flow and be set against profits to potentially reduce your tax bills.

A wide range of office furniture and equipment, from PCs and printers to workstations and seating, can be leased to help you create the inspiring work space your business requires. Services like removals or interior design consultants can also be incorporated. In fact, almost every element of an office refurbishment project can be considered for leasing.

What Can Be Leased For An Office Fit Out?

Some of the types of equipment and services that can be leased are:

IT equipment (e.g. computers, tablets, printers)
IT Software
Flooring
Office furniture
Lighting
Photocopiers
Removals services
IT relocation specialists
Interior design services
Specialist seating
Stationery
Signage
Repairs and maintenance
Office partitions
Air conditioning
CCTV and security systems

For more information about leasing for an office fit out or furniture, download the Dream Office brochure or call our office fit out team on Tel: 01494 611 456

New Year, New Office Furniture And Fit Out?

January 6, 2014/0 Comments/in General, Office Equipment Leasing/by Jess Wells-Flint

Whether refurbishing your existing office premises or launching a new start-up, companies today are rightly turning to lease finance to fund their new and improved working environments. And furniture is a key element in any office fit out project plan.

Furniture can be stylish to reflect your brand image and it certainly must be practical and withstand wear and tear. Whatever you brand and range you choose, leasing office furniture and office equipment as part of your office fit out project makes perfect sense as it allows you to spread the cost over the useful life of these items.

When it comes to selecting office furniture as part of your office fit out, there are few limits on what can be included in a lease agreement: Typical items of furniture that companies lease include:

Office desks
Office chairs
Office pedestals
Office boardroom tables
Office boardroom chairs
Meeting room tables and chairs
Office reception desks
Office receptions tables, chairs and sofas
Office AV systems
Appliances for office canteens and kitchens
Office canteen tables and desks
Office staff room furniture
Office gym equipment

Furniture leasing is flexible and cost-efficient

The workplace environment has a major impact on employee productivity and morale as well as company image. Leasing allows our customers to acquire the type of furniture they need, when they need it, without upfront capital outlay. Companies simply choose the items they require now and pay for it through regular tax deductible payments over the useful lifecycle of the investment – normally 2 to 5 years.

Staged lease payments for office furniture

You can arrange for the lease payments for your furniture to start as and when it is delivered, regardless of when you receive funding for other parts of your office fit out project.

For more information about including office furniture and office furniture packages within an office fit out lease agreement, please contact WestWon on Tel: 01494 611 456 or email [email protected]

UK Office Furniture Leasing Is Growing Fast in 2013

November 25, 2013/0 Comments/in General/by Jess Wells-Flint

October 2008 is a date that many companies in the office furniture leasing sector remember well. It was the time when a lot of UK business owners suddenly found themselves facing the stark realities of what they were being told was going to be a nasty and prolonged recession. The term “credit crunch” was being widely used in the press and, being an office furniture leasing company, we knew only too well how serious the implications might be.

As a leasing company, WestWon has historically dealt with a wide range of suppliers of capital equipment spanning computers, hardware and software through to waste and scientific equipment. We have always been specialists in office furniture leasing and office fit out leasing, which includes the ‘soft’ costs that a company incurs when refurbishing or moving premises, such as decoration, lighting and flooring.

Office furniture leasing and the credit crunch

Thus, in 2008, when the credit crunch hit, office equipment leasing was an important part of our business and although we saw an immediate and significant downturn in business across the board, the sector that was hardest hit was the office furniture leasing side. It seemed that overnight companies simply put their plans to move offices on hold.

As a result, over the past five years, many office furniture companies have closed their doors. However, those, including WestWon, that were able to weather the storm are starting to see strong signs of recovery.

Office furniture rental and leasing remains a strategic part of our business and in 2013, WestWon has witnessed first-hand the way in which companies are investing again in new office space. Many of these companies are choosing to fund their investment in office furniture and fit outs by taking out a lease agreement with WestWon.

Whether you are an organisation that supplies office furniture or a business that is planning an office move or refurbish its premises and would like to find an attractive lease finance option, please call WestWon on Tel: 01494 611 456 or email [email protected] to discuss the possibilities. You may be surprised to here how many benefits to leasing there are for your business.