Spaciotempo invests in temporary building stock

Spaciotempo UK has quadrupled its intended investment in new temporary building hire stock last year – from £500,000 to £2m – and plans to make the same investment again in anticipation of further demand, notably from the automotive sector, as well as from the manufacturing and retail industries.

The company enjoyed a record 2012, thanks to the high number of enquiries from firms who wanted to expand their premises but did not want to take on the financial burden of a new permanent building at a time of continuing economic uncertainty.

Spaciotempo, whose customers include Nissan UK, Jaguar Land Rover and Sports Direct, saw last year’s turnover hit a record £6.7m, up 24 per cent from £5.4m in 2011.

The majority of its orders came from existing customers and Scott Jameson, Spaciotempo’s director of sales, said that 75 per cent of the income came from the hire side of the business.

Usually a 50/50 split

He said: "In other years, there has been a 50/50 split between companies who hire from us and those who buy from us, but the demand swung noticeably in favour of hiring last year.

"It’s not hard to see why. Many companies found themselves running out of room as new orders came through the door, but didn’t want the expense of going off-site or weren’t quite ready or willing to invest in building new facilities.

"By hiring a temporary building, they gained enough breathing space to allow them to expand their operations at a time when business confidence was still brittle.”

Mr Jameson also said that the company also owed its success to the quality of its products – which conform to the relevant British Standard for wind and snow-loading – its product warranty and the fact that each installation is carried out by its own trained staff.