Benefits

Serviced office centres often talk about saving our clients time and money, but how does this actually work and what are the benefits for customers?

Reduced costs

If you take a conventional lease in a large office building, you will only be responsible for your own space. This means that your provisions for utilities, maintenance, cleaning, refuse, telecoms, broadband, etc. will be a special purchase on a small scale.

With a serviced or virtual office, you are buying into an existing set up and sharing the costs with a number of other businesses. The space you are paying for is part of a much larger space – for example the Executive Centre has around 20,000 square feet. Therefore, you benefit from the cost savings the landlord has made on the building as a whole.

Reduced staffing levels

With a serviced business office, you are utilising one central resource for reception and telephone answering. Several businesses will be using this resource (not just within the building, but also via the virtual office facilities usually offered), which means this cost is shared.

This means that you need less staff, which saves on labour and rental costs. You use and pay for the services you need only when you need. You also save on capital expenditure because you don’t need expensive equipment like photocopiers, data projectors, etc.

Reduced ingoing and outgoing expenses

A conventional lease involves major capital expenditure in solicitors’ fees, furniture, telecoms and broadband infrastructure and equipment. These assets are then depreciating all the time. At the end of the lease, dilapidations will need to be paid for to make good the space you occupied.

This outlay is not required for serviced offices. The licence is simple and does not require a solicitor and there are no dilapidations – unless you invited the Rolling Stones in for a party on your last night! You have a regular monthly payment that covers all the investment that has been made by someone else.

Time savings

How many people, if honest, realise the amount of time that organising business premises will take up? Dealing with the lease negotiations, organising utilities and all the other office services, then having to deal with health and safety, maintenance and repair, cleaning, etc. takes time.

This time costs money - either because you need more staff or because the business owner is spending too much time in, and not on, the business.

In a serviced office, this facilities management role is taken care of by the business centre team. There is no time wasted once you have made your decision either - the service can be set up immediately.

Enhanced business image and profile

Obviously, we are fully aware that a business run from home is no less professional and competent than one from an office. However, there will be organizations who look negatively on a home-run business, just as there will be individuals who feel more confident with some kind of support around them.

And support is exactly what we offer at the Executive Centre. Whether the space you take is physical or virtual, you benefit from a prestigious BS1 address, a location at the heart of the city and a guaranteed presence on the telephone, regardless of how busy you are.

Our support also includes advice and information, in-house services and facilities, networking and referral opportunities, all of which provides our clients with an enhanced profile that presents a positive, professional image

So, whether large or small, you can benefit from the services that our knowledge and experience have helped to create. This is how we save you the time and money you need to spend on your business.