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 firstname.lastname@example.org to discuss the possibilities. You may be surprised to here how many benefits to leasing there are for your business.