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Smart Space Options

BUY OR RENT
Temporary Buildings

Temporary Buildings

These relocatable buildings have a PVC fabric roof and are best suited for short-term use or for applications when no heating, cooling or a fire rating is required.

BUY OR RENT
Semi-Permanent Interim Buildings

Semi-Permanent Interim Buildings

These relocatable buildings have a steel roof providing increased insulation and are best suited for applications such as manufacturing, production and showrooms.

PURCHASE ONLY
Permanent Steel Buildings

Permanent Steel Buildings

These are fixed buildings providing a fast-cost-effective alternative to traditional brick and mortar, capable of meeting any building regulations, for any application.

Purchase & Hiring Pros & Cons

Hire

Fixed cost Fixed cost

You know the exact monthly overhead in advance.

Not a capital expenditure Not a capital expenditure

Sometimes obtaining authorisation for an acquisition can be a prolonged process with no guarantee of approval. Hiring bypasses that requirement in the majority of cases, with only local management approval needed for the operating expense.

Gets expensive long-term Gets expensive long-term

For a longer usage period, hiring does work out more expensive than outright purchase and this is an unavoidable fact of hiring in general. It is designed to be a short term solution. However, this can be balanced somewhat by also representing a fixed monthly overhead that makes it predictable and, of course, it can be terminated at any time with just 7 days’ notice.

Flexibility of term Flexibility of term

We don’t tie you into a pre-determined or minimum-term contract. You are totally free to extend the use on a month to month basis for as long as you want. All we ask is 7 days’ notice when you want us to take it away.

No maintenance No maintenance

When you hire a building, we are responsible for maintaining the building, not you. You only have to provide adequate buildings insurance which is usually a mere formality when added to your existing policy.

Purchase

Asset on balance sheet Asset on balance sheet

The building is yours, whether it has been financed through a mortgage or some similar arrangement, or paid for outright. It is a capital expenditure and goes on the books as such.

Depreciation potential Depreciation potential

As with any asset, you can claim depreciation each year as advised by your accountant, which adds to the bottom line P&L numbers.

Can be re-used Can be re-used

After its initial purpose has run its course, the building can be quickly taken down and moved to another location if required, or put into storage (which need not be indoors). You can do it yourself or ask us for a quote to do the entire task for you. These costs are now usually OpEx rather than CapEx, which generally require a lower level of authorisation, permitting greater local flexibility and autonomy in larger companies.

Can be liquidated Can be liquidated

We supply the buildings with a guaranteed buy-back option subject to reasonable wear and tear. That means you can exchange the asset for a capital injection at any time that suits you or if your medium term plans change.

Not a short term option Not a short term option

Probably the only significant downside of outright purchase is if your plans change early in the planned period of usage. Even with our buy-back option, there would be an unavoidable cost.

Purchase Decision Case Study


You may find this interesting – a company who found that purchase rather than hire was the most cost effective solution for their particular circumstances.