Why use a Longford Business Centre in Swansea? Here is an annual cost comparison for a conventional lease and fully serviced Longford Business Centre Office space for four people in Swansea.   Cost Component Conventional Lease at £8.50/sq foot Business Centre Rent £6,375 £13,250 Service Charge £2,625 0 Business Rates £2,250 0 Utilities £1,650 0 Insurance £562 0 Cleaning £750 0 Telephone Line Rental £576 £0 Fax Line Rental £144 £180 Telephone System £1,000 0 Telephone Usage £3,000 £3,000 Furniture/Fit Out £3,000 0 Photocopier hire £500 0 Photocopier use £266 £766 Meeting Room 0 £720 Dilapidation's £750 0 Receptionist inc NIC, hols, sick £10,800 0 Daily Refreshments £240 £240 Health & Safety £360 0 Internal Repairs & Maintenance £1,500 0 Professional Fees £154 0 TOTAL ANNUAL COSTS £36,502 £18,156 ANNUAL SAVING £18,346 = 50% Saving

 

The above comparison assumes that you would require:

750 square feet to accommodate 4 persons with reception / meeting area, toilets and kitchens in a conventional lease; and

a fully serviced Longford office space to accommodate 4 persons on the basis that the reception area, toilets, kitchen facilities, 4 direct lines and 3 hours free use of meeting room each month are included in the facility fee and in addition a meeting room is used on an hourly basis for an extra 3 hours each month at an average cost of £20 per hour

In the conventional lease prices furniture & fit out, telephone system, dilapidations and professional fees are assumed to be written off over a five-year period so only one-fifth of the cost is included in the annual cost

A zero indicates that the cost of the service is included elsewhere in the table

10 other advantages of business centre space over a conventional lease:

1. Essential saving of management time in setting up, running and maintaining the office
2. Ability to set up an operation and commence trading instantly.
3. Ability to increase or decrease space at short notice without moving
4. Ability to vacate office at short notice without facing expensive dilapidation bills
5. No requirement for large rental deposits and giving personal guarantees of a long lease commitment
6. A fully integrated digital telephone system with personal voicemail facilities, including multiple ISDN 30 lines.
7. The benefit of Category 5e cabling to each office allowing for a Local Area Network (LAN)
8. Access to secretarial and administrative services on a pay-as-you-use basis
9. Access to meeting, training and conference facilities on a pay-as-you-use basis
10. Overall better business cash flow. Facility Fees are also treated as tax-deductible revenue