The business case for taking serviced office space in preference to a conventional property lease (information supplied by the bca).

With a constantly changing global economy most businesses are finding it difficult to make long term strategic plans.

So why would anybody who cannot accurately predict the exact location and the size of the office space suited to meet their changing business needs over the next couple of years, really want to commit to a cumbersome five, ten or even 15 year traditional lease?

The solution, being taken by more and more go-ahead businesses is to take flexible space in business centres.

Business centres have come of age in the U.K. during the past decade and can now offer businesses and individuals a range of location, quality and cost solutions to meet every scenario their business may encounter.

There are a number of benefits in taking space at business centres and these include:

Flexibility
• The ability to adjust the size of the space used and to reconfigure it to suit the exact needs of your business
• The ability to vary the length of time it is needed for without incurring any financial penalties
• The ability to relocate to different offices or even different buildings without any hassle

Benefits
• Speed of entry
• Simple user-friendly contacts
• No legal fees

Technical Capability
• Access to the latest specification IT and telecoms equipment and services, which can be rented by the week with no capital outlay
• Access to state-of-the art office equipment, including photocopying, laminating and binding machines

Quality Buildings
• Prestigious locations include city centres and business parks with many business centres being close to major transportation hubs
• Business centres are fitted out to the highest quality standards which makes a good impression on clients and their visitors
• High-quality office environments help with staff retention and motivation

Fully Serviced
• Reception services included - saving clients the cost of hiring staff
• Menu of secretarial and support services available on a cost-per-use basis

Cost Savings
• Proven cost saving of up to 50%
• One simple monthly bill for ease of accounting - no hidden extras and no nasty surprises
• No long term financial commitments

The cost-savings associated wit h taking space in a business centre have been well proven in such surveys as the 'Chartered Institute of Purchasing' - True cost of the flexible office report and Total Office Cost Survey produced by leading property consultants, Cushman Wakefield Healey & Baker.

However, potential clients can make their own simple cost comparison by taking the fully inclusive price quoted by a serviced office space provider for a given number of people and length of term and then filling in the cost of sourcing the services provided on an individual basis.

Cost Comparison Chart

Item   Serviced office cost:   Conventional acquisition:
         
Rent   £   £
Lease negotiation   Included    
Liability for unexpired term of lease   Included    
Liability for lease termination reinstatement costs   Included    
Service charge   Included    
Uniform business rates & Services   Included    
Administration   Included    
Air conditioning   Included    
Furniture   Included    
Office equipment   Included    
IT and Telecoms   Included    
Electricity   Included    
Heating   Included    
Hot water   Included    
Security   Included    
Cleaning   Included    
Water charges   Included    
Washroom and hygiene   Included    
Window cleaning   Included    
Building insurance   Included    
Building maintenance   Included    
Dilapidation   Included    
Reception personnel   Included    
Reception accommodation   Included    
Gardening and landscaping   Included    
Fire procedures and precautions   Included    
Lift maintenance   Included    
Refuse cleaning   Included    
General signage   Included    
Health & Safety management   Included    
TOTAL   £   £

 

Head Office: Portal Business Centres Ltd.
Dallam Court • Dallam Lane
Warrington • WA2 7LT
Tel: 01925 445656
Fax: 01925 444566
Email: info@portalbusinesscentres.co.uk

 

By selecting this bca member centre you have the assurance of knowing that the provider is a member of the trade association representing the industry. We are confident that you will be warmly welcomed at this bca member location, and the accommodation and services you receive will be a valuable addition to your business.