law recruitment case study

Case Study – Law Recruitment

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Case Study – Law Recruitment

Location

London

Requirement

One of our current customers, a law recruitment company were looking to move into a larger office due to rapid growth in the business. With the office move, they would be doubling their current space. They wished to use external funding as opposed to using their existing bank facilities.

Solution

As this customer was previously known to us, we referred them to one of our office re-fit suppliers who we felt would best suit their needs. We also knew that as they are based in London the supplier would be close too.

Result

Fit Out Finance recommended an appropriate supplier and ensured there was funding in place to match the term of their office lease, leaving existing bank lines in place for their working capital requirements.

Value: £90,000.00+VAT

Contact Us

If you would like more information on our case study in law recruitment then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also reach either one of our team members via their emails. You can reach Tracey by emailing her on tracey.johnson@fitout.finance, or email Freya on freya.holliman@fitout.finance.

office quiet space

Increase employee productivity with office quiet spaces

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Office quiet spaces are a great way to improve overall employee experience and satisfaction. They offer a range of benefits that you can read all about below.

Propel productivity

First and foremost, they provide an area of ultimate productivity away from the hustle and bustle of an office. Some offices are overloaded with noise, such as people having phone conversations, the radio, and general office chat. Quiet spaces are the perfect solution to getting work done without external distractions.

Catering to the office introverts

There is bound to be a whole variety of character types in all offices. And the introverts of the office will most likely thank you for the implementation of quiet zones. It will allow them space to decompress and get away from any environmental stresses.

But then again, the benefits of quiet spaces aren’t just limited to introverts, everyone needs quiet sometimes.

Privacy

Quiet zones are fantastic multi-functional assets to have to an office. Therefore, they are also perfect for taking private phone calls, or holding private discussions.

Types of quiet spaces

So, now you can see the benefits of office quiet zones, you might be seeking inspiration on what type. There are a few different ways by which you can inject more peace into your premises:

Peaceful pods

The most popular and innovative type of focus spaces would be the quiet pod. Quiet pods are space efficient, and they can also add to the aesthetic of a modern office.

As you might be able to guess from the name, these pods are soundproof. This meaning that they can provide a focused environment even amidst a busy office.

Outdoor pods

If your office has outdoor space that can be utilised outdoor pods might be the best option for you- especially if you are lacking internal office space. These pods have the same concept as the above, and depending on where you are situated, they could offer an ambient nature-surrounding workspace for your employees.

outdoor office pods

Focus booths

Focus booths are a great way to adapt your space quickly whilst on a budget. Many of these booths are made mobile, therefore perfect for offices experimenting with the concept of quiet spaces as they allow quick flexibility on their placement.

However, focus booths tend to be less acoustically effective than their office pod counterpart, but once set in a quiet and suitable part of the office, focus booths can offer a comfortable place to concentrate.

focus booth

Contact Us

If you are interested in investing in quiet spaces for your office, give us a call on 01494 611 456. Or drop an email to hello@fitout.finance and a member of our friendly team will get back to you. Additionally, should you need a recommendation on equipment, we work alongside a range of suppliers that we can put you in touch with!

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legal consultants case study

Case Study – Legal Consultants

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Case Study – Legal Consultants

Location

London

Challenge

A Solicitors firm based in London made the decision to expand and move to a new office. Therefore with all of the moving expenses occurred, they needed a cash boost. They needed this to invest in new office equipment and office furniture.

Solution

After being referred to Fit Out Finance through one of our authorised office furniture partners, we were able to comfortably lease the £5,000.00 they needed for new office furniture – this included desks, office chairs & cabinets.

Result

Access to appropriate leasing facilities allowed this solicitors firm, to manage the short term capital impact of the office furniture & equipment, and to therefore deliver the desired end result without impacting upon the capital requirements of its other business activities.

Value: £4,000.00+VAT

Contact Us

If you would like more information on our case study of a legal consultants then head over to our contact page on our website to speak to a member of our team. Additionally, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also reach either of our team members by emailing them directly. Therefore you can reach Tracey by emailing her on tracey.johnson@fitout.finance or Freya on freya.holliman@fitout.finance.

What makes a workplace modern

What makes a workplace modern?

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Throughout the past few years, the view on what makes a workplace modern has drastically changed. Before the pandemic there was really no such thing as hybrid working.

However, most companies now provide options for both working in an office and from home. The shift that the pandemic has made has been significant. Businesses and staff are more flexible and the attraction for joining a company that offers hybrid working is on the rise. There is also a big push for recruitment. Companies are looking to not just attract but retain current employees with several incentives. One of these, especially for the younger generation is the drive for sustainability. This is why a lot of companies now and in the future are going to be very environmentally focused. For a company to be successful they will need a good mix from all aspects. But more about that below.

What do you offer your employees?

As mentioned above, one of the main things companies are now offering employees is hybrid working. This is where employees have the opportunity to work from an office or from home. Despite this being better for the employee to have more say in how they work, it isn’t always the case. You must want to give employees a reason to come into the office. They should want to come into work and collaborate with their colleagues. However, respecting their decision at the end of the day is the best thing to do. For more information on hybrid working please see our blog here.

Here at Fit Out Finance we have many benefits to working with us. We offer up to 27 days of holiday, great OTE and bonus schemes available, excellent training and career progression! These are just a handful of benefits to working at Fit Out Finance!

Importance of space

There are areas in an office that you can modernise to make a workplace better for your staff. This includes things like lighting, colours, branding and furniture. The importance of your branding in the office is essential. Having a modern look will also attract new talent as there is such a big push at the moment for recruitment. There is also a big focus on social spaces. This will definitely modernise your workplace and allow your staff to have separate spaces to work. Read more on our blog about the importance of them here.

You can also introduce elements of sustainability into your office. As mentioned in the introduction, new people, especially the younger generation, are now looking for companies taking their CSR seriously. You can do this by introducing more plants and greenery in your office, as well as highlighting your green agenda through the use of space and branding. This could also be achieved through the use of LED lighting and having recycling bins on every floor. Here at Fit Out Finance we have planted over 10,000 trees in our virtual woodland, which you can read more about here.

Use of finance

Although we may be slightly biased on this last point, finance really will make your workplace modern! There are many benefits to using leasing to cover your furniture and fit out costs. This includes things such as significant tax benefits and flexible rental terms. You can also preserve existing lines of credit and budget easier with fixed monthly payments.

Contact Us

If you would like more information on what makes a workplace modern, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also see more over on our LinkedIn page.

net zero winners

Net Zero Business of the Year Winners!

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On Wednesday the 28th September the WestWon group were lucky enough to attend the Buckinghamshire Business Awards held at the glittering Waterside Theatre in Aylesbury. It was a fantastic night out with the team where we dined and met a whole bunch of amazing local businesses.

And just to top the night off we were delighted to be awarded Net Zero Business of the Year! This meant so much to us as team that have been working vehemently towards our green goals the past year. We are also proud to say that we are very much on target to our 5-year goal! And that is to have 100,000 trees planted in the WestWon Woodland, and as a result remove 7,500 tonnes of carbon from the Earth’s atmosphere.

However, not only were we awarded the Net Zero Business of the Year Award, but we were fed a delicious 3-course meal, participated in a game of heads or tails and even caricatured! Not to mention for our win we were gifted a bottle of champagne for the whole team!

Why we think we were awarded Net Zero Business of the Year Award

For the past decade we have tried our best to act sustainably as possible. We started off by becoming a paperless company. We did this by operating off a cloud-based system instead. Not only does this help save trees, but we also found that it has saved us money and office space!

To add, we also invested in LED lighting once we moved to our High Wycombe offices back in 2016. As well as the thickest carpet and ceiling tiles to reduce our energy consumption as much as possible. Additionally, we made this office a gas free one, meaning that it is powered solely by electric.

Moreover, we are proud contributors to the circular economy, you can read more about this in our blog here.

However, more recently we have been pushing our green agenda more than ever. As of the start of this year we launched the WestWon Woodland, and late 2021 we became a climate positive company. This year we also introduced the use of electric vehicles, with two directors of the business now having a Tesla and a Polestar.

What is the WestWon Woodland?

The WestWon Woodland is whereby we have tree plant for EVERY MONTH of any finance agreement made through us. For example, for a 5-year agreement, that’s 60 trees planted in the WestWon Woodland!

Then as a thank you, once your agreement is activated, we will send you a certificate outlining how many trees you have planted. As well as how much carbon you have reduced through financing through WestWon!

What does it mean to be a climate positive company?

Being a climate positive company means offsetting all employee carbon emissions. We do this through a company called Ecologi. They offset our employee carbon emissions through conducting various climate positive projects around the world. This can be anything from the protection of the Peruvian rainforests to the generation of solar energy in Egypt.

Contact Us

Should you have any questions on our green agenda, please don’t hesitate to get in touch. Give us a call on 01494 506 385, or send an email to hello@fitout.finance and a friendly member of our team will get back to you.

 

Furniture leasing and finance

Furniture leasing and finance

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Here at Fit Out Finance, we have the experience and extensive knowledge to be able to help you with furniture leasing and finance. We can equip your premises with the best furniture and fit out without having to use up your cash reserves or take out a bank loan.

Supplier relationships

Throughout the years, we here at Fit Out Finance have worked with a number of suppliers. In turn, we have built extremely strong and developed relationships with them. Fit Out Finance can recommend you to the most suitable furniture supplier for your project. We have a range of suppliers from modern contemporary furnishing to very traditional and vintage. This means that anything you are looking for, we are confident we will be able to help.

Why consider furniture leasing and finance?

The main reason to consider furniture leasing is to preserve cash flow. Keeping cash in your business to spend on other opportunities like recruitment or expansion enables your business to cover a wider scope. With furniture leasing and finance there is total flexibility. You get to decide the rental term, payment frequency and deposit. Also, the leasing process is very simple, quick and efficient without your credit lines being affected.

What can you lease furniture for?

You can lease furniture for almost anything. This includes:

  • Commercial offices
  • Leisure centres
  • Hotels
  • Restaurants
  • Schools/Nurseries
  • Nursing homes
  • Function rooms

As well as much more!

Events and exhibitions

As you may be aware there are many exhibitions and events to attend, which the Fit Out Finance team are always visiting. We therefore like to keep up to date with the latest furnishing and fit out trends. As you may have seen recently we attended the event Clerkenwell. This was an amazing opportunity for both Freya and Tracey to speak to new and existing clients. It was also a great place to spend a few days talking all things fit out finance, and being able to get together with everyone since the pandemic. Further information on Fit Out Finance at Clerkenwell can be see on our LinkedIn page, see here.

Contact Us

If you would like more information on furniture leasing and finance, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

forensics company case study

Case Study – Forensics Company

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Case Study – Forensics Company

Location

Warwickshire

Requirement

The customer was purchasing off multiple suppliers. Over £140,000 of the costs were for assets with little or no resale value. These assets included joinery works, window blinds, acoustic quilts, floor coverings, doors, stud partitioning and suspended ceilings. As well as electrical works, CAT 5 cabling, security grills, removal of toilets and building of a kitchen.

Solution

Fit Out Finance used three separate funders who were able to fund different parts of the overall refurbishment. In doing this, we were able to ensure the client had a finance facility in place for all their needs, as well as ensuring all suppliers were paid as and when they completed their installations.

Result

The full cost of the renovation was financed, the client benefiting from an overall cheaper blended cost of funds. The client, based in Warwickshire, is now building up a payment record with three separate finance companies, making it easier to lease at a later date.

Value £243,000.00+VAT

Contact Us

If you would like more information on our case study of a forensics company then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

Are open plan offices defeating productivity

Are open plan offices defeating productivity?

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No clear solution to this question

Here at Fit Out Finance we know that every office fit out is different and tailored to you and your business. In this blog, we ask the question of whether open plan offices are defeating productivity. We know that for many of our clients, open plan offices are a way of modernising their workplaces. It creates a new sense of life into their working environment. See here for how else you can modernise your workplace. Open plan offices can create a feeling of togetherness and can in some cases boost creativity and conversations. It allows people to not have physical walls or borders between them. It also means all parts of an office can work together easier. However, despite these advantages there are arguments against introducing more open plan workplaces. If you would like to find out more, then please read on.

What does an open plan office do to your business?

According to a study by World Economic Forum “office noise created by open plan offices increased the negative mood of employees by 25%”. This is a huge proportion of people who say they are negatively affected as a direct result of working in an open plan office. This study was also carried out in only 8 minutes, meaning that in real life, the results could have been a lot worse. This shows that although there is still a need for large open plan areas, there needs to be a bit of both. As increase in technology may have also played a part in if open plan offices are defeating productivity. This is because there are less face to face interactions and more typing and emailing from across a room. This kills creativity which leads to decreased productivity.

As mentioned above the need for both collaborative and independent working areas may be the best solution. It may be more costly to add these 2 things to your office fit out. However, if it’s going to give your office more differentiation, it will be worth it. If you would like information on what other finance options are out there for you, then please contact us using the details below. At a time when there is a drive for recruitment too, having something that sets you apart is essential. This could be it!

Therefore there is no clear solution to this issue. However, as mentioned at the beginning of this blog, open plan offices have both their advantages and disadvantages. Get in touch with us below about how we can help finance your next fitout project. Whether that be a collaborative or independent space!

Contact Us

If you would like more information on whether open plan offices are defeating productivity, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also see more over on our LinkedIn page.

Automotive Manufacturer case study

Case Study – Automotive Manufacturer

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Case Study – Automotive Manufacturer

Location

Wiltshire

Requirement

A major UK office relocation for a worldwide company, based in Wiltshire. Their objective of moving a few hundred employees was to reduce their office rent over the longer term. However, this client has significant cash balances and therefore would only look to lease if the costs were below their internal rate of return.

Solution

The client’s supplier worked extensively with them in the design and planning stage of the office move. Fit Out Finance was introduced to this client via our mutual relationship with the supplier. We negotiated a very competitive lease facility that therefore made our offer financially viable.

Result

The supplier was paid in full within 24 hours of delivery, which is additionally excellent for their cash flow. The customer has a finance facility over five years, benefiting from all their rental repayments being allowable against tax and in effect, paying for the furniture as they use it.

Value £1,100,000.00+VAT

Contact Us

If you would like more information on our case study of an automotive manufacturer then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

How can workplaces enable growth

How can workplaces enable growth?

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Ways to enable your business’ growth

  • Future proof your business – investing in things like technology is crucial for your business to grow. If you go back in time, technology has soared in recent decades, and it will only get bigger. We have introduced our new partner portal called advance. This an incredible new piece of software that allows all our partners and customers to be kept in the loop about their quotes and agreements. We also have our very own CRM system called DORIS which has allowed us to be a paperless office. This links to another growing investment, sustainability. If you would like more information on our green agenda, click here.
  • Work on your vision and company culture – learning to work on your company values will enable you to have a better vision for the future. Having a good company culture will make more people want to work for you and more people use you for business! These are essential parts of business growth. We also have 5* customer service, again essential for the growth of your business, and testimony to a good company culture.
  • Move with the times – Sustainability and flexibility are important parts of growth and relate strongly to the first point. Also working with staff and the way they work after the pandemic can be tricky to navigate. To find out more about this, read one of our latest blogs about hybrid working.
  • Plan for change – one of the ways you can make sure your business grows is by adapting and changing according to not only the industry, but your competitors too. For example, the introduction of Fit Out Finance was to plan for the expansion of WestWon Limited into the furniture and fit out industry. This could also lead your business to enter a stage of ‘hypergrowth’.

What is hypergrowth?

According to the source linked, Hypergrowth is “a phase of rapid expansion where companies experience a CAGR of 40% or higher.” Hypergrowth has three main components: product innovation, execution, and strategic focus. Due to the hard to attain criteria, hypergrowth only applies to a small number of companies.

How Fit Out Finance can help you

Here at Fit Out Finance we can provide you with leasing options that will enable growth. Leasing enables you to have flexible rental terms, over 1-5 years. This will enable growth because you have a longer period over which to repay the lease repayments. This means you will have extra cash in the business to be able to use elsewhere, possibly for larger projects. You will also preserve existing lines of credit. This again means that your business can grow without using up your bank facility. Other benefits of leasing include significant tax benefits, as well as making it easier to budget. These things are all essential if looking to grow and expand.

Contact Us

If you would like more information on how workplaces can enable growth, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance.

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