finance

Space-pod work with one of the UK’s leading finance companies in the furniture and fit-out market. We specialise in arranging leasing for customers buying office furniture and refurbishing their working environments.

Our finance packages can include ALL aspects of an office refurbishment, allowing one easy monthly payment for the entire project. We have significant experience in providing leasing solutions in this manner, and as such have a detailed understanding of the marketplace.

Typically our specialist leasing packages include the following:

Desking, storage, air conditioning, audiovisual, partitioning, cabling, carpets and electrics (including lighting)

Most businesses understand the benefits of refurbishing or refitting their working environments – the positive influence on staff morale, productivity and loyalty are well documented. However, the cost of a professional design and build project can often result in it being postponed or significantly downgraded.

Leasing offers a cost effective way of spreading the cost over any period up to five years, which means the project can go ahead immediately but without the upfront capital expenditure.

Taking advantage of leasing will offer you the following benefits:

IT CAN BE CHEAPER THAN PAYING CASH!

If you pay for the furniture and refurbishment of your building from your cashflow, only a limited percentage is allowable for tax purposes. Because of the ‘intangible’ elements, the Revenue** only allows 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!

OVERCOME BUDGET LIMITATIONS

Make the most of your budget by spreading the cost over 2, 3, 4 or 5 years and acquire the solution that meets your needs, rather than that which your budget dictates. You can pay monthly, quarterly or annually, from your Revenue Budget, to suit you.

EASE CASHFLOW AND BUDGET TO INCLUDE EVERYTHING

Lease payments are fixed for the period allowing you to budget for one easy monthly or quarterly payment for your total office solution.

PRESERVE BORROWING POWER

Other lines of credit from your bank remain intact for alternate credit needs. In addition to which, leasing is far more cost effective than bank borrowing as loan payments do not attract 100% allowances.

COMPLETE FLEXIBILITY

You can add to your existing lease at any point during the term. You can either extend the term and keep the payments the same, or simply increase the payments and keep the end date the same.

At the end of the lease period you have two choices
Continue to rent the installation at small monthly charge
Negotiate ownership of the installation via a third party for a nominal charge.

**See notes on Capital Allowances

A typical example for a project of £50,000 value would be as follows:

Term	Payable	Monthly Rental	Weekly equivalent *
2 Years	Monthly	£2,296.50 plus VAT	£574.13 plus VAT
3 Years	Monthly	£1,623.00 plus VAT	£405.75 plus VAT
4 Years	Monthly	£1,289.50 plus VAT	£322.38 plus VAT
5 Years	Monthly	£1,091.00 plus VAT	£272.75 plus VAT
* Weekly equivalent shown only as an example; leasing facility only available on monthly terms

Subject to status. The terms set out above are given solely upon the understanding that they do not constitute any part of an offer or a contract, but are merely an invitation to treat. Monthly rentals provided based on an assumption of three rental payments up front. Subject to a one-off administration charge.