Better business survival rates with Bucks-Biz

A recent report has revealed that new businesses in London are more likely to fail than anywhere else in England. 

According to the London Assembly, businesses in the capital have a lower one-year and three-year survival rate than any other English region. 

The report highlights government figures that show nearly four in ten businesses will fail in their first three years. 

By comparison, businesses starting life in premises managed by Bucks-Biz Business Centres have enjoyed much healthier survival rates. 

Joe Muscat, managing director of Bucks-Biz says around 90 per cent of firms trading from its business centres in Milton Keynes survive those difficult early years. 

Conveniently located within an hour of London the MK:ONE and MK:TWO Business Centres in Milton Keynes have been home to a wide range of start-up firms operating in a number of business sectors. 

Joe says that competitive flexible contracts, adaptable business units and first-class facilities have all helped to ensure new enterprises get off to the best possible start. 

“If you are starting a new business or taking a step up from working at home, the last thing you want is to be tied into a long-term contract,” Joe explains. 

“We firmly believe that it is in our interest that our clients succeed and so we do everything possible to help them.” 

This help includes easy-in, easy-out rolling monthly contracts that also enable clients to move into larger Bucks-Biz units at short notice, should they need to expand quickly. At the same time they are able to downsize should they face difficult trading conditions. 

Cash flow is vital for any business and Bucks-Biz has developed all-inclusive contracts (excluding electricity) that are free of hidden extras that can deliver unwelcome surprises for fledgling firms. 

“You will often see business premises advertised at ridiculously low rents but this is usually an introductory offer and excludes many other expenses and businesses can find themselves in for a nasty shock six months down the line,” continued Joe. 

“At Bucks-Biz, the rent agreed is the rent you pay, which makes it easier for small firms to manage their cash flow.” 

Furthermore Bucks-Biz can tailor units to the individual needs of its clients whilst providing a range of support services such as reception facilities, boardroom hire and ‘virtual’ office space. 

“We really do our best to help clients to ensure survival rates are well above the national average and particularly those in London, he added.