Company description
Birmingham is one of the leading European business destinations and ranks highly in many business polls. Britain’s second-largest city, plus the surrounding region is home to 70,500 companies, of which 1,500 are from overseas. Business is most definitely booming in Birmingham, a city whose population now exceeds 1.1m residents.
If you have a business in Birmingham, you need an office. Why? Not necessarily because you need the space to work in, but because you need a professional business address, or rather your clients and potential clients would feel more confident if they saw you had an official business address.
There are, of course, costs associated with having an office in Birmingham. With rents up to £30.00 per square foot, that means for a single office and an area for a receptionist, you can be paying between £10,000 and £15,000 per annum on space alone. Add rates, insurance, office equipment and a salary for your receptionist, and you are looking at up to £30,000 per annum.
Whether you are a start-up business or an established one, running an office can be a massive drain on financial resources and for many setting out in business, this can quickly eat into your allocated set-up costs. But this needn’t be the case.
