The UK’s leading serviced office operator Regus Plc has announced its annual results for the year ended 31 December 2008 which saw an overall increase in year revenue from £0.86 billion in 2007 up to £1.07 billion. Regus’ Profits before taxation increased from £119.4 million in the previous year to £149.2 million for 2008. Impressive results for Britain’s largest provider of flexible office space solutions, however the company has predicted that the recession will see a rise in home workers with employers this year expected to encourage more staff to work from home in a bid to reduce office space and associated overheads.
Speaking to the Financial Times, CEO Mark Dixon reportedly admitted that the recession would be putting pressure on Regus as the growing trend for home workers continues to rise, reportedly commenting: “We expect to see that number (of home workers) significantly increase in 2009 as more and more companies look to more innovative and creative ways to cut costs…new customers coming in are a lot more price sensitive.”
However Mr Dixon remained confident that the company’s major strengths (office space and licence flexibility) would see them through the tough times; supplying flexible lease terms to companies looking to downsize for the downturn, adding: “We are still in very, very good shape but it is much more challenging.”
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