FINANCING YOUR PROJECT
Finance leasing or hire purchase is a popular solution for customers looking to implement new facilities into their business with minimum disruption to their cash flow.
A popular choice for businesses that are looking to improve or expand their facilities through the installation of a mezzanine floor is to take advantage of a finance option. Using leasing or hire purchase for your new facilities is a great way to invest without draining your cash flow.
Having the option to finance your project allows you to think about your project very differently. For example, for the cost of a member of staff (or less) per month, you can transform your premises with a mezzanine floor solution. Not only that, but the new mezzanine floor space, whether it’s for office, storage or production use, gives you the opportunity to increase your business’ revenue, which will more than cover your monthly payment anyway.
Any mezzanine floor fit out project only returns value over time whilst inevitably depreciating throughout, so it’s really worthwhile considering spreading your costs, matching them to your return on investment and using your budget more effectively.
WHY FINANCE YOUR MEZZANINE FLOOR PROJECT?
TAX
BENEFITS
When choosing to lease, instead of using cash upfront, you benefit from 100% tax relief on both the capital and the interest. Although capital allowances can be claimed when using cash, our lease option provides a 100% tax deductible solution that covers your full project costs including labour.
RETAIN CAPITAL
Scaling back your plans, delivering a piecemeal solution when budgets become available, or even cancelling your project altogether are all realistic propositions when relying on a capital budget. However, when leasing, the shackles are off and you can deploy your valuable cash elsewhere. Why tie up your capital in a depreciating asset?
LINE UP COSTS WITH RETURN
When using cash to pay for your mezzanine floor solution, ultimately you pay upfront with a return on investment over time. Why not simply choose the leasing option and spread your costs in line with your return?
A BUDGET THAT WORKS FOR YOU
By looking at a monthly cost rather than a large upfront project cost, you can get everything you need included in your mezzanine floor fit out project without compromising on anything.
FIXED
COSTS
Your payments will be fixed throughout the duration of your agreement, irrespective of any fluctuations in interest rates. You’re guaranteed no nasty surprises and a total peace of mind.
SPREAD THE COST OF VAT
Unlike using capital where all the VAT is paid in full and upfront, our leasing option provides you with the opportunity to spread the VAT payments across each monthly payment.
TOTAL PROJECT FUNDING
Each and every cost of your project is included. Along with all the physical aspects of your project such as the mezzanine floor, electrics and partitioning, the labour and any fees involved are also included within the funding.
STAGED PAYMENTS
Your finance option can also involve staged payments, allowing you to be in complete control. So if you’d like to release payments when certain aspects of your mezzanine floor project are completed, you can.
MEZZANINE FLOOR FINANCE OPTIONS
HIRE PURCHASE
The hire purchase option may not offer any of the tax advantages of a finance lease (In fact the tax treatment is very similar to using capital) but it does provide automatic ownership at the end of your payments subject to paying an option to purchase (OPT) fee.
Our finance provider will work with you to ensure that you make the most of your capital allowances whilst utilising your available Annual Investment Allowance. When coupled with a finance lease, you will receive a highly tax efficient solution.
FINANCE LEASE
This is without doubt, the number 1 choice for most businesses looking to implement a mezzanine floor fit out project. It typically offers you a 100% tax deductible solution so you can see why it’s so popular.
At the end of the agreement you have three options, you can retain the new facilities indefinitely thereafter for a one off fee, return the assets to the funder or continue renting if you prefer. The majority of our clients that choose a finance option, choose this option.
OUR FINANCE PARTNER
We have teamed up with a finance partner to allow us to offer you the option to pay for your mezzanine floor project in monthly instalments. For over twenty years our chosen partner Bluestone Leasing has led the way in this sector, winning over 25 awards in the last four years alone. They are the UK’s largest specialist in financing fit out projects, so you know you’ll be in the right hands.
THE BEST TERMS
Bluestone Leasing provide access to the largest range of specialist funders in the UK to ensure your business receives the best commercial terms. Over two thirds of their panel aren’t accessible directly by UK businesses like yours.
ACCEPTANCE RATES
They achieve over 90% acceptance rate time and time again. They work with businesses of all shapes and sizes so the chances are that you’ll be accepted for finance.
QUICK DECISIONS
It’s common to hear businesses complain about how long high street banks tend to take over credit decisions. Bluestone Leasing are different. They work to the same timeframes you do, so you can expect an answer within 48 hours for smaller projects and no more than seven working days for larger projects.
A CONSULTATIVE APPROACH
They are genuinely interested in you, your business’ needs and the way it works. They have a proud past of building trusted relationships with our clients and they have often become their go to advisor when it comes to asset finance.
FIT OUT FINANCE SPECIALISTS
For over 20 years they have specialised in asset finance and the interiors sector in particular. So not only will you be working with finance experts but also a team that fully understands what it takes to deliver a project like yours.
ACCREDITED
Bluestone Leasing are one of the first finance companies to receive the full Financial Conduct Authority (FCA) accreditation in the UK. Their processes and procedures are fully audited to the most rigorous standards.
AWARD WINNING
With over 25 industry awards in just four years, you can rest assured your project is in the right hands. A quality product, a quality team and a quality delivery of your finance solution.
WHAT YOUR PROJECT MAY COST
PROJECT COST:
£300k - £200k
It’s hard for us to be able to give you a budget cost for any mezzanine floor project as they are all so unique from one another. However we have put together price brackets for some of our previous projects, allowing you to see what kind of works were involved.
Of course there are a number of variables even within the breakdowns below, for example the size of the mezzanine floors, the size and number of rooms involved, the specification of materials used and much more. However hopefully this gives you an idea of how much your project may cost before you get in touch.
The projects within this price bracket all involved a mix of the following;
- Large size mezzanine floor
- Open plan offices, meeting rooms & breakout areas
- WC Areas & kitchens
- Gym & photo studio
- Reception areas & tea points
- Glass and solid partitioning
- Windows
- Air conditioning
- Plumbing, electrics, power & data
- Warehouse lighting & floor paint
- Mezzanine fire rating
- Staircases, suspended ceilings & lighting
- Carpet & vinyl flooring
PROJECT COST:
£200k - £100k
The projects within this price bracket all involved a mix of the following;
- Medium sized mezzanine floor
- Open plan offices, meeting rooms & breakout areas
- Production Areas
- WC Areas & kitchens
- Reception areas & Tea Points
- Glass and solid partitioning
- Windows
- Air conditioning
- Plumbing, electrics, power & data
- Warehouse lighting & floor paint
- Mezzanine fire rating
- Staircases, handrails, suspended ceilings & lighting
- Carpet & vinyl flooring
PROJECT COST:
£100k - £0k
The projects within this price bracket all involved a mix of the following;
- Small mezzanine floor
- Open plan offices & meeting rooms
- Production Areas
- WC Areas & kitchens
- Glass and solid partitioning
- Windows
- Air conditioning
- Plumbing, electrics, power & data
- Warehouse lighting & floor paint
- Mezzanine fire rating
- Staircases, handrails, suspended ceilings & lighting
- Pallet gate
- Carpet & vinyl flooring
EXAMPLE FINANCE FIGURES
- 10k project £207 per month over five years
- 25k project £495 per month over five years
- 50k project £970 per month over five years
- 75k project £1,455 per month over five years
- 100k project £1,940 per month over five years
- 150k project £2,910 per month over five years
- 200k project £3,880 per month over five years
*Figures are based upon a finance lease agreement
*All figures indicative and subject to approval
*Prices subject to VAT
Finance leasing introduces a whole new way of thinking to your project. Perhaps you really want to unlock your businesses potential but are sceptical about a large upfront cost. By financing your project you can give your business the opportunity to grow without crippling cash flow. If you want to find out more, please get in touch. We are here to help.
WHERE WE WORK
We would love to be able to help create workspaces for businesses throughout the whole of the UK but unfortunately we can’t. The extra cost to you and the fact that we wouldn’t be able to manage your project to our high standards means that we must set a limit for how far we can work. The area we cover is highlighted to the right. As you can see, we essentially work as far North as Newcastle and as far South as Birmingham. So if your business is situated in an area we cover, get in touch today to discuss your plans for your new workspace.
MEZZANINE FLOOR QUOTE
Now that you can see how much your monthly repayments may be, why not get a quote from us and find out exactly how much your project will be? Simply fill in the details below and we will be in touch to organise a free site survey to accurately measure your space.
