2014-01-29 09:15:02 - Office Equipment Leasing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
A wide range of companies rent or lease office equipment to preserve their cash flow and benefit from tax breaks. Leasing equipment is common for start-ups because it significantly reduces the initial capital outlay involved in getting a business going. Competition mainly comes from external factors, such as the low price of computers and laptops, used or second-hand stores that stock similar equipment, and online companies and auction websites that offer equipment at competitive prices.
The industry was severely affected by the global financial crisis and the resulting UK recession, with industry revenue falling over three consecutive years through 2009-10. The largest decline was in 2009-10, when revenue plummeted by 35.7%. The recession resulted in fewer business start-ups and lower capital
expenditure by companies meant firms retained their equipment for longer.
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