Beat the credit crunch

Although these are difficult times, businesses must strive to continue their chosen paths in a difficult market place.

Reviewing non essential costs and restructuring their businesses to create cost savings is the first thing that most organisations will undertake.

It is said that the best time to buy is when the marketplace is difficult, as the opportunity to select and purchase goods and services at preferable terms provide additional benefits.

The Quay Office Group works in partnership with Plus Finance – the UK’s market leader, in offering finance packages to businesses buying furniture or refurbishing their working environments, either new or upgrading of existing.

We want to offer our clients a cost effective alternative to using cash resources for a project.

Many businesses are finding leasing offers a number of significant benefits including:

• Easier budgeting to suit your cash flow.
  Payments are fixed for the period which can be anything from 2 to 5 years.

• Flexibility to add to the lease as necessary and include everything.
  If your requirements change during the period of the lease you can add furniture or any other office equipment to the agreement at any time.

• Preserves existing borrowing power.
  Other lines of credit from your bank or other finance houses remain intact for other credit needs.

• Payments come from a revenue budget as opposed to a capital budget.
  Don’t be restricted by capital budgets.

• Finance the total project and make use of the huge tax advantages.

If you pay for the furniture and refurbishment of your building from your cash flow, only a limited percentage is allowable for tax purposes.

Because of the ‘intangible’ elements, the Revenue may only allow you to claim capital allowances against approximately 65% of the project. However, if you lease the works, the repayments are 100% allowable unlike any other form of finance such as a bank loan.

This 100% allowance on payments makes leasing the most tax efficient method of refurbishing a building and can WORK OUT CHEAPER THAN PAYING CASH!

If you would like to discuss this option further and receive some indicative examples of cash verses monthly leasing costs please contact our sales office on 0208 858 4748 or click on our email address sales@quayofficegroup.com where our sales team will be glad to help.