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Financing Your Project

By November 4, 2020 No Comments

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.

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.

WHAT YOUR PROJECT MAY COST

Move Dance Office Mezzanine
Move Dance New Breakout Area
Open Plan Office For Move Dance
CDL Office Mezzanine
CDL Office Reception
Island at Move Dance
Meeting Room at Move Dance
Light Box In Ceiling

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
KW Digital Breakout Area
CDL Production Mezzanine
Office Mezzanine Kirkwood Wilson
Blackburn Storage & Office Mezzanine Floor
Office Partitioning Lily Comms
KW Digital Office Mezzanine Floor
Lily Comms Boardroom
KW Digital Reception Area

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
New Office at Fareshare Yorkshire
Industrial Interiors At AJS Labels
Audio Technica Breakout
Storage Mezzanine Floor For Talkline
Audio Technica Breakout Area
Meeting Room at Fareshare
Storage & Production Mezzanine Floor AJS
Glass Partitioning For Fareshare Yorkshire

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.

GET A QUOTE
Nexus Where We Work

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.

CONTACT US

CALL

0113 831 3303

Freephone

EMAIL
VISIT

12 Leeds Road, Ossett WF5 9QA

QUICK QUOTE

CLIENT TESTIMONIALS

“Would I recommend Nexus to somebody else? Yes, absolutely, 100%. I can't praise them enough.”

Michelle MansonDirector, Clip 'n' Climb

“I can't really fault the process from start to finish. I was very impressed with the delivery of the project.”

John CormackDirector, Move Dance

“We just found the whole process amazingly simple and straightforward.”

Iain ClasperManaging Director, Northern Flags

“To be honest with you, it has been a very painless exercise working with Nexus.”

Jean-Pierre NaylorDirector, CDL

“We had great levels of communication with them and the finish has been to a very high standard.”

Ben BlackburnManaging Director, Blackburn Distributions

“The quality of the work at the end of the day is second to none. I really can’t say how happy I am with how the project has turned out.”

David WilsonDirector, KW Digital

“Their professionalism and expert knowledge really shone through, throughout the entire project.”

Job BrownHead of Operations & IT, Green & Brown

“They understood our brief and they understood the look that we were going for. It sounds daft, but it was almost a disappointment when they left.”

Chris MorriseyManaging Director, Lily Comms
SEE WHAT OUR CLIENTS SAY
DOES YOUR WAREHOUSE NEED A MEZZANINE?
Zak Lewis

Author Zak Lewis

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