Fit-out finance allows York accountancy practice to redesign head office

Deal type: Fit-out finance 


Facility: Asset finance 


Facility value: £455,313

The situation

An accountancy practice in York were reconfiguring their head office to create more meeting rooms.

Their fit-out provider introduced us, as the practice wanted to explore financing the project.

They also wanted to upgrade their new meeting spaces with extensive audio-visual technology.

The solution

The client initially asked us to source a commercial loan instead of a financial lease.

After reviewing both options, we recommended asset finance, as it would allow them to fund both the tangible and intangible elements of their project.

Asset finance would cover the new furniture and AV technology they wanted to implement, as well as the design, labour, and installation costs.

The result

We arranged an unsecured loan, as fit-out finance relies on financial performance rather than security over assets.

Choosing fit-out finance over a commercial loan meant the client preserved working capital by spreading the cost of depreciating assets over time.

The accountancy practice also benefited from potential tax advantages by treating lease payments as a deductible expense.

Your finance deal is a conversation away

If you’re upgrading your current commercial property or fitting out a new space, we can turn your vision into reality while keeping your cash flow buoyant.

Explore the different fit-out finance options or get in touch to see what the right finance solution is for your business.