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When Is It Time To Relocate Your Business?

When Is It Time To Relocate Your Business?
Friday, November 23, 2018

Your business’s physical location determines which employees can work for you, which suppliers you are working with, and how much you are paying in business rates. How do you know where the best place is for your business to be located?

In this article, the Panthera team explain why you might consider moving to a new location and some things that you should be aware of before you make your move.

Why might you want to relocate?

You have too many staff members for your current space

When your business experiences growth, taking on more staff members is often a given. However, you can only fit so many people into one building.

If you run the kind of business which doesn’t benefit from having multiple branches, then relocating your entire business to a larger premises might be the best option for you.

You have too few staff members

On the flip side, if you’ve gone through a period of staff leaving your business (perhaps due to poor sales), then downsizing your office will save you money in bills and business rates.

Your staff members live too far away

It might make sense for your headquarters to move closer to where your employees live – especially if the vast majority of them live in a single location in close proximity to one another.

This means that you will have better attendance when weather conditions are poor and they will spend less time commuting (very good for morale).

Your suppliers are too far away

If you work in an industry that depends on the flow of materials into your business, then moving closer to your suppliers will cut the costs of transportation and reduce the waiting time for materials to be delivered. Naturally, this isn’t applicable to all businesses, but for those where this is a possibility, you can make significant savings.

You want to work in a nicer office

Sometimes, you just want to work in a more pleasant environment. If your company has seen success in recent months, it might be worth moving into a more luxurious office to reflect that.

Things to consider before moving

How much the move will cost

Moving office means that you will need to pack up all of your equipment, hire people to move it for you, purchase your new premises, and more. The really big bills may come from putting down a deposit with your landlord and your solicitor’s legal bills (always engage a solicitor before signing a lease). There are far costs involved in moving your business than you may have initially realised.

Which staff members will be affected

If you are moving because of how far away you are from the majority of your staff members, make sure that your whole workforce is taken into consideration before you make the move. This will mean that you aren’t isolating (both literally and metaphorically) some of your employees.

We can help

If you are considering moving business premises and you want help budgeting, get in touch with one of our professional accountants. Please call 01235 768 561 or email enquiries@pantheraaccounting.com.

What our clients say

For us, there is nothing better than a happy customer. Here are just a few that let us know how much we mean to them.

Pete Dungey

Simple, efficient and most importantly, hassle-free.

We found Panthera via our search for a Xero expert. We knew the software we wanted to use, and needed a forward-thinking accountancy partner who could get us up and running, and teach us the ropes moving forward. Tory and her team have always been on hand to answer our questions, and help us to grow as a business, particularly during periods of big change, such as becoming VAT registered. They are always on hand to alleviate any concerns and help to keep our records in order, which makes our year-end accounts an absolute breeze! Being based in Bristol, our relationship is entirely email based, alongside one consolidation meeting at year end - this keeps things simple, efficient and most importantly, hassle-free.

Pete Dungey Kaleido Grafik Limited
Anita van Eijndhoven

Talk Our Language

The support and service we receive from Panthera Accounting is very good. Everything from regular meetings, a prompt e mail response and the transition of our Xero software (which we find very pro active indeed) has and is all remarkably efficient. We find Panthera talk our language and make any process as painless and easy as possible.

Anita van Eijndhoven Quidne-IT
Ash & Tim Lane

Panthera brush aside the stereotype of the typical accountant

We got in touch with Panthera Accounting by way of a recommendation; we haven't looked anywhere else since. They are an extremely professional yet relaxed group of people. We were slightly daunted by the idea of accountants but Panthera brushed aside y the stereotypes. They are very understanding when answering any questions we may have. They are completely efficient, offer sound business advice, and are fantastically priced. We will continue to recommend them.

Ash & Tim Lane Starveacre Fencing
Jayne Johnson

An Asset to my Business!

The whole team at Panthera are great! Working with them has been a huge support to my growing business. They help me to understand the numbers I need to know. They give me technology solutions like Xero so that I can process things quickly and have access to my own figures. They are quick to reply, highly knowledgeable, nothing is too much trouble and as well as making sure that everything is compliant and on time, they are enthusiastic, professional and fun to work with.

Jayne Johnson Better People
John Baker

Absolute joy - they provide a first class service on every level

Working with Tory and the team at Panthera is an absolute joy - they provide a first class service on every level; from simple Xero issues through to more complicated tax enquiries, they’re always on-hand to help me get it right. I’m certainly not their biggest customer, but I’m always made to feel like their most important one.

John Baker BKR Solutions
John Castle

Professional and Friendly

I would like to say that Panthera Accounting have helped me with my business accounts for more than 4 years now. They have consistently offered an excellent competitively priced service that works both professionally and in such a friendly way that I would highly recommend them to everyone considering using their services.

John Castle Ilexanna Limited & Birch Castle Homes Limited
Jonathan Morrison

They are always there to answer queries and sort out issues

I had been with Mr Dunn for 20 years when upon his death Panthera took over the business. They now play a bigger part in the running of my business, they do all the stuff that has to be done but I don't like doing ie book keeping, VAT, wages, and returns. They are always there to answer queries and sort out issues and make sure all Tax deadlines are met. Their costs are fair, service is great and I have and would highly recommend them.

Jonathan Morrison Wallingford Builders
Pippa Scott

Professional, friendly and personal service.

Panthera Accounting have gone above and beyond the call of duty to guide and support our Company. They offer a professional, friendly and personal service that can take the stressful and sometimes frightening feelings out of running a business. They have guided us through the working of Xero and have offered “teaching sessions” on the day to day running of the accountancy package. Our only regret is that we didn’t join their team earlier.

Pippa Scott Scott's Commercial Services Limited
Sara Southey

Panthera puts the personal back in to accountancy!

Tory and her team have provided a friendly, approachable and helpful service from the start. They have delivered a quality service, above and beyond anything I could have expected. Panthera, with the help of the Xero package, have taken the stress, strain and confusion out of managing my company and personal accounts. I look forward to working with them for many years to come.

Sara Southey Bluestones Garden Design
Tracey Miller

Panthera are fantastic.

Panthera are fantastic. Always professional, going the extra mile for their clients and delivering superb service. I recommend them all the time to my clients.

Tracey Miller Bigger, Brighter, Bolder BBB

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Lets Get Started

Not Currently A Client?

Moving to Panthera is as easy as 1,2,3...

  1. We jump on a quick call to create the perfect service package for your business
  2. You e- sign your terms of engagement
  3. We get your authority to talk to HMRC on your behalf

And that’s it! From contacting your previous accountant, to updating Companies House with your new registered office address, let us handle all of the admin so that you can get on with running your business, safe in the knowledge that everything is going smoothly in the background.

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