There are difficult times ahead for UK businesses as the number of insolvencies in Britain has risen by 70% in the last year. (source: Mazars).
Rising borrowing costs caused by the Bank of England interest rate hikes, coupled with inflation, has prompted many businesses to relocate or downsize as a survival tactic againsts soaring costs.
Here are 3 benefits of downsizing or relocating to a rural area
1. Cost saving
Needless to say, fewer employees translates to lower labour cost; and renting a smaller space or moving the workplace to the suburb would effectively reduce overheads.
2. Opportunity for business restructuring
By reviewing and revisiting the corporate structure, the company can meet the ever-changing legal, financial and commercial objectives. It’s also beneficial for enterprises looking to reduce their tax liabilities.
3. Eliminate areas that do not generate revenue.
Looking for a stress-free, single point of contact commercial relocation service?
At Edward Baden, we take care of everything, from packaging (Easycrate), collecting and delivering (Edward Baden), to storing (Cube Self Storage).
We provide flexible plastic crate hire for all industries, guaranteeing that your valuables will be protected during the move. You can order online via our website, and if you’re not sure how many crates or what size you’ll need, our friendly staff are more than happy to talk you through it.
Cube Self Storage
Downsizing or relocating may prompt a need for temporary storage space. We offer a complete range of storage solutions that will be tailored to your needs and requirements.
With over 20 years of unrivalled industry knowledge, our team of specialists will handle the move smoothly, easily and keep disruption to the minimum.