Why a simple monthly rolling licence may be the solution for your business

With the price of rent increasing by 8.9% in April 2024 alongside new increased national insurance contributions, many businesses are entering a period where finances are tight. A recent study has shown that 35% of businesses are struggling to afford rent. This makes it a difficult period to start your business. That’s why we offer flexible monthly rolling contracts, allowing you to focus on growing your business without the added pressure of long-term commitments.

What is a monthly rolling licence?

A monthly rolling licence is a flexible agreement that allows businesses to rent commercial space on a month-to-month basis. Unlike traditional long-term leases, which often tie businesses to a fixed commitment spanning several years, a monthly rolling licence provides more freedom. You only pay for the space as long as you need it, offering a dynamic and responsive solution to meet your business’s ever-changing requirements.

This type of agreement is particularly beneficial for SMEs and start-ups, where agility and financial caution are key to survival and growth. By opting for a rolling licence, you have the freedom to upscale, downscale, or even relocate without the financial penalties or logistical burdens that often accompany fixed-term leases.

Why SMEs need flexibility in challenging times

For many SMEs, particularly those just starting out, financial forecasting can be unpredictable. Committing to a long-term lease can feel daunting, especially in an economic climate marked by uncertainty. Increased overheads, fluctuating revenue, and the need to quickly adapt to market changes make flexibility a critical component of success.

A monthly rolling licence enables businesses to:

1. Avoid overcommitting: You can start small, trial the viability of your venture, and expand when the time is right. This eliminates the fear of being locked into a contract for space that may outgrow your needs or become a financial strain.
2. Preserve cash flow: With no large upfront costs or extended financial obligations, you can allocate more resources to core business activities such as marketing, staffing, or product development.
3. Adapt to change: Whether you experience a sudden surge in demand or need to scale back operations temporarily, a rolling licence allows you to adjust your workspace requirements without delay.
4. Reduce risk: The ability to step away with minimal notice provides peace of mind for business owners, making it easier to pivot if your business model or market circumstances evolve.

How Capital Space’s monthly rolling licences work

We’ve designed our monthly rolling licences to simplify the process of securing and managing business premises. Our spaces are tailored to the needs of SMEs, offering everything from fully serviced offices to adaptable workshop areas.

• All-Inclusive pricing: With a single monthly payment, and only a month’s notice, you’ll have access to utilities, maintenance, and essential inclusive benefits such as  Wi-Fi and complimentary parking, in addition to bolt-on, paid-for services such as printing, business support and a professional, reliable reception team who can handle your post and calls. All of this allows you to budget accurately without worrying about hidden costs.
• Customisable spaces: Whether you need a dedicated office, meeting rooms, virtual offices or VoIP services, our spaces can be configured to support your business activities.
• On-Site support: Our centres are staffed with dedicated teams to ensure that your day-to-day operations run smoothly, assisting with everything from meeting rooms bookings and catering to greeting your guests providing confidential shredding services.
• Convenient locations: Positioned strategically across the Southeast, our business centres offer easy access to transport links, ensuring your team and clients can connect effortlessly.

Why choose Capital Space for your business?

Starting or growing a business in today’s economic environment can be challenging, but with the right support and flexibility, success is achievable. This is why we are proud to offer a solution to help remove barriers to starting a successful business.

Our monthly rolling licences allow you to focus on building your business. By eliminating long-term commitments, we give you the freedom to test ideas, take calculated risks, and adapt to market demands without the fear of being tied down.

If you’re an SME looking for a flexible serviced workspace, get in touch.