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Regus office space proves to be a winner

Regus, the office space company started by Mark Dixon, has had its fair share of troubles over the last few years and was at one time apparently on the brink of collapse. However, many people will be surprised to learn that the company has seen a 25% increase in profits as more and more businesses look to rent out workspace on a short-term basis rather than acquire their own properties and the various costs associated. Indeed a number of companies have apparently moved into rented workspace while either selling or renting out their own premises.

The Regus business model has attracted some criticism in the past, where the company buys long-term leases on properties and lets them out on short term agreements, but apparently this is all the rage at the moment and the company is increasing profitability in these most difficult of times. The company reported profits of £149.2 million for the year ended December 2008 which was a 25% increase on the previous year. The group also has in excess of £200 million in the bank and appears stronger than ever before.

Mark Dixon is suggesting we are seeing a longer term change in business ethics with regards to properly and office space although this will become clearer as and when the UK economy recovers.

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