Temporary Buildings
That’s a question you probably don’t want to answer right now as you probably don’t know which? But that’s absolutely fine with us because uniquely we offer you the option to buy during your rental period. So you can begin by renting and if you then decide you do indeed want to purchase the building at any point in the future, you will know the purchase cost right at the beginning because we quote depreciated future purchase prices right at the beginning So you’re under no pressure at all to make a big capital decision before you have your building installed.
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Fixed costYou know the exact monthly overhead in advance.
Not a capital expenditureSometimes 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-termFor 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 termWe 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 maintenanceWhen 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.
Asset on balance sheetThe 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 potentialAs 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-usedAfter 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 liquidatedWe 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 optionProbably 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.
You may find this interesting – a company who found that purchase rather than hire was the most cost effective solution for their particular circumstances.
