EigenFunctions

Regus, the rental firm of commercial entities, has reported an increase of 25% in its profits over last year since companies have started to prefer renting business workplaces rather than purchasing new ones.

Pre-tax profits of the company have reached a new total of £150m, up from the £120m of last year and the company’s revenues have also risen to just less than £1.10bn, a whopping 25% increase over last year.

The company has also said that, due to times of economic downturn, companies often prefer to rent their premises rather than getting involved in purchasing new ones since it is preferable for their positive cash flow rather that the increasing costs involved in purchasing property. Indeed, many companies have even sold their old premises to rent new workspaces instead. If your company is considering an office relocation, a website dedicated to the service of office planning can be invaluable.

The chief executive of the company has described 2008 as a highly successful year and the fifth consecutive year of great success. Although criticized in the past for its business model of renting property on long term contracts and then subletting them on temporary bases, this has proven to be extremely popular in recent times of recession.

Asian growth has also been impressive, with 112 new business premises opened the year before and the number of workstations now totalling around 150,000. Revenues in Asia have risen by over fifty-five percent and new centres have been opened in Taiwan and Pakistan.

Growth in the UK revenues has increased by almost seven percent.

This entry was posted on Tuesday, March 31st, 2009 at 9:45 am and is filed under Better Business, Design + Layout, Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.