Lease or Finance Options for your Office Fit Out or Refurbishment project in Glasgow or Edinburgh
Is the Cost of Office Fit Out or Refurbishment too High to Pay Upfront in Full?
Undertaking a complete refurbishment or fit out of your office can be quite costly. However, it is also necessary. The right office furniture, style, design and “feel” of the office space altogether can transform your business for the better.
In other words, postponing or cancelling the refurbishment completely is not the best option for your business.
But what are you to do when budgets are tight and your company has cash flow issues?
At Amos Beech we love offering complete solutions to our clients. This is why we we work with registered lease providers who will be able to offer advice and flexible financing solutions. For an entire office fit-out, the cost can be spread over a 2 - 6 years term:
If you want an estimated guess on your project value, check our cost calculator.
Meet the Perfect Financial Solution for Your Office Fit Out or Refurbishment
When budgets are tight, but the project has to be completed, you typically have three options:
Bootstrap and pay everything upfront
Get a loan from a bank
Lease the project
Paying cash upfront is ideal if the payment won’t leave your company vulnerable. Plus, keep in mind that the total cost of the refurbishment or office fit out might exceed, the annual investment allowance (AIA) that went up from £200,000 to £1,000.000 in January 2019 and extended on April 1st 2023. Thus, you may not be able to offset the entire expense.
A bank loan can typically be paid between one and 10 years. You can deduct each payment against AIA, but the interest rates (that are subject to fluctuations) can make it hard for you to plan your finances for the long term. Plus, you run several other risks if the loan is tied to some of your crucial assets. Furthermore, a bank loan may not cover all the expenses related to your project.
A lease, on the other hand, can cover everything, from design and build to office furniture. You can also write the payments off as expenditure. And, since the payments are fixed, they are also easy to budget for. Your cash flow is protected since you don’t need a large deposit. You would lease purchase and only pay a token to transfer ownership at end of the payment plan.
The current lease conditions are quite flexible and friendly for Scottish businesses.
Why?
Because leasing is not yet as popular here as it is in the USA or other European states. However, as its popularity begins to grow, the advantages are likely to diminish.
How Leasing Unties Your Capital
Your capital is the backbone of your company. When you can’t make the investments you need, your growth is stalled. This is why it’s always a good idea to have a healthy cash flow and a healthy investment capital instead of tying it up in various assets and/or overdrafts.
Leasing your office fit out or refurbishment project can help you:
Stay liquid: no large initial payment means that your cash flow is not significantly affected and remains free to be invested in the next great opportunity that knocks at your door.
Budget accurately: unlike in bank loans, in lease financing your payments are fixed because they are not subject to interest rates. So you know exactly what you will be paying today and two years from now.
Keep your bank credit lines free: your bank overdrafts are unaffected, so you can always use them for investment opportunities.
Buy cheaper: leasing can actually be cheaper than paying for the refurbishment of your office upfront. Even if the project exceeds the annual investment allowance of £1,000,000, you can still deduct all your leasing payments.
Tax efficient: for private sector organisations leasing provides a highly attractive fully tax deductable solution. In addition to that the VAT is spread as it is paid on each repayment.
Stay flexible: the typical lease is between three and five years, but you can always opt for a personalised length of contract that fits your monthly budget and your needs.
Start your project quickly: bank loans and credit lines can take months to be approved. A lease financing can take as little as a few hours.
Who is it for?
Public sector: by spreading the costs, the projects can be delivered as and when they are needed most.
Charities: have a duty to trustees to make budgets work as hard as possible and get the VAT to spread, as most charities can’t claim the VAT back.
Professions: like doctors, lawyers, accountants, dentists and vets, but also partnerships are all subject to higher rates of tax and the tax benefits need to be explored.
Large Corporates: having lots of available capital doesn’t mean that you shouldn’t explore tax benefits. The available cash can then be used where it most benefits the business.
SMEs: with the saved capital, new people can be recruited to grow the business.
Don’t Postpone Your Office Fit Out and Furniture. Be Smart about it Instead!
At Amos Beech, we know a lot about how office interiors can shape and transform your corporate culture. From better acoustics to switching to activity-based working, we’ve seen seemingly minor improvements bring great results.
This is why we have partnered with the top lease financing company in the country to offer you the flexibility you need to reap the benefits of office refurbishment and fit out NOW, not in a couple of months or years.
A great working from home solution!
An ergonomic sit-stand desk hidden in a small cupboard in the colour of your interior! That’s HomeFit©.
Working from home is probably here to stay. When the vaccine is fully rolled out and things can return to normal, many businesses and organisations will have come to the conclusion that working from home has it’s advantages. Just think about the saving on expensive office space, commuting time, environmental impact, etc.
Working from home and ergonomics
However, it is possible that the home office environment may have a negative impact on the home office worker from an ergonomic point of view.
“Working at a desk is the new smoking” we wrote earlier and that was about professionally furnished offices!
At home as well as in the office, it is important to work in alternating sitting and standing postures. Most kitchen tables don’t allow this to happen.
If you have the luxury of a separate study or spacious home office, you would probably choose an adjustable desk and a decent office chair. However, not everyone has the space for such a home office.
That is why Amos Beech in Scotland, introduces the HomeFit© working from home solution!
With a width of only 105 cm and a depth of 30 cm, HomeFit© is no bigger than a shoe cupboard or a large suitcase. The unique design and many colour options will guarantee that HomeFit© blends seamlessly into any living room.
HomeFit© is the professional workstation for the home; fully electrically adjustable in height from 68-118 cm, so that you can work at the correct height both sitting down and standing up. Thanks to its compact size, there is always a place in the living room where HomeFit© is at its best.
“Scroll down for price and order form button”
Click on the image above to play the video
The transformation from an easily overlooked piece of home furniture, into a fully functional office workstation, can be done quickly and easily by opening the doors and raising the worktop. The worktop also contains the controls for height the adjustment. The handy storage tray in the cupboard provides space for work related items such as laptop, mouse or work folder.
Specifications
electric sit-stand desk, adjustable in height between 68 and 118 cm
black powder coated metal frame with aluminium door handles
safe-stop height adjustment; height adjustment stops automatically if counter pressure is detected
door lock in open position; the right door locks automatically when opened up to prevent the desk from tipping over. The lock can be released with a simple foot control.)
doors fitted with castors for easy opening and stability when opened
convenient metal storage tray for laptop and other office accessories
HomeFit® is delivered fully assembled in a cardboard box
W x D x H: 1050 x 298 x 680
sit-stand heigth: 680 - 1180
Complies to:
NEN-NPR 1813: guideline for office furniture and their application
NEN-EN 527-1: European standard for work tables and desks
ISO standards: 9001 quality, ISO 14001 environment and ISO 26000
CSR guidelines
ILO - labour and social standards
Colours and lead-times
Approx 15 working days for the following standard colours:
Natural Oak 57
white E0-00
Black 720
4-6 weeks for other colours
available from November 2020
for other finishes, click here (pdf file).
For more information contact the office:
280 trees planted in the Scottish Highlands thanks to Plexus!
As part of Amos Beech’s Corporate Social Responsibility we plant 13 trees per 1000 Sq.Ft. of fit out and refurbished office space. In the case of Plexus’ new 21,528 Sq.Ft. offices that equates to 280 trees!
When Product Realisation Company Plexus, were looking to renovate their Livingston site they turned to Amos Beech as their partner for the design and construction work of this industrial office fit out.
280 trees planted in the Scottish Highlands thanks to Plexus!
Just like Amos Beech, Plexus have adopted a global environmental management system that helps to guide and monitor their progress. They combine the international environmental management standard ISO 14001 with their corporate policies and initiatives. On the social impact page on the Plexus website we learn this:
Caring for employees. Supporting communities. Doing business responsibly.
Responsible employer.
Plexus is committed to being a responsible business and employer. That means operating with the highest ethical standards in all corners of the globe.
Community stewardship.
Plexus believes in strengthening the communities in which we live and work. Because that’s how everyone shares in a better tomorrow.
Responsible global citizenship.
Plexus is dedicated to protecting the health, safety and rights of all people. And we take responsibility for leaving the world a little better than we found it.
It was therefore no surprise that they were really pleased when we handed over the tree planting certificate:
Douglas McGregor, Director – Project Management
It is quite impressive if you walk through the ample space @ Plexus and then realise how big a forest of 280 trees actually is! And with these trees come the other plants and wildlife, as well as C02 reduction.
The Plexus trees pushed our grove up to 754 !
And you know what:
You can plant trees yourself!
We encourage you to plant trees yourself. You can add trees to our grove via the button below or you can start your own grove. Why not consider giving somebody a dedicated tree? Planting a tree is a special gift for any occasion. It's the perfect way to celebrate an event or remember a loved one.
Amos Beech – improving every environment we touch