xl
LG
MD
SM
XS
OX HC Magazine
Follow us | OXHC Magazine On Pintrest Follow OXHC Magazine On Facebook Tweet OXHC Magazine On Twitter OXHC On Instagram OXHC Club
Business
 125a Broadway, Didcot, OX11 8AL

Is it time to move offices?

Moving to new offices can energise a business, but it must be planned carefully. Parker Parr offers advice which can help ensure a smooth transition
Tim Parr

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:

 9 Vineyard Chambers, Abingdon, OX14 3PX

Size

Is the current floorspace likely to constrain the business in the short to medium term?

Use

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.

Affordability

It should guard against over-stretching financially and carefully budget for costs over the whole lease period.

Location

Is there a valid business case for moving to a different location – perhaps to move into a new customer pool or nearer competitors.

Staff

Providing a more pleasant or accessible working environment will help staff retention and future recruitment.

Timing

Office moves are distracting. Moves should be planned around the quietest times in the business cycle.

Break option

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 tparr@parkerparr.com

 

 

Related Articles: How to Get More from Your Commercial Property