Is it time to move offices?
Moves should be planned around the quietest times in the business cycle
Oxfordshire is home to some 35,000 businesses. This year, about 5,000 new companies are expected to launch in Oxfordshire, with most of these being created within the city of Oxford and in the county’s magnet for science and technology, South and Vale
Tim Parr, Director of Parker Parr, comments: “For a young company, serviced offices offer a good flexible option in the short term. But as businesses become established and they get some decent accounts behind them, it is often desirable to move to leased space. An office move will send out a positive message about the growth of the company. It can be an opportunity to promote the company’s ethos to customers and staff and to improve efficiency”.
The conditions that influence a decision to either move offices or stay put are common to both young and mature businesses. Here a few points to consider:
Is the current floorspace likely to constrain the business in the short to medium term?
Does the company need back-office or customer-facing premises? Budget space may be appropriate for an accounts team but could hold back an advertising company.
It should guard against over-stretching financially and carefully budget for costs over the whole lease period.
Is there a valid business case for moving to a different location – perhaps to move into a new customer pool or nearer competitors.
Providing a more pleasant or accessible working environment will help staff retention and future recruitment.
Office moves are distracting. Moves should be planned around the quietest times in the business cycle.
Any break notice dates in the current lease should be diarised. These are usually time critical, so allow plenty of time before the notice needs to be served to consider if the plan is to stay or to move.
Parker Parr can assist businesses find suitable premises at whatever stage in their development. They are currently marketing a range of offices suitable from four to forty people.
For further information or to arrange a free initial chat, please contact Tim Parr on 01235 862826 or firstname.lastname@example.org
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