Category Archives: Blog

Brexit was a bit of a shock for many, but London, a staunchly “remain” city, was affected more than most.

You see, London has a lot of international companies residing in it. Moreover, it is a hub for many businesses who see it as a gateway into the rest of Europe.

So, the stories of how London will see an exodus of large businesses are now making the rounds. They’ve now gone from “this might happen” to “this is now happening,” as companies decide that rather than wait for the outcome of any talks, they need to plan ahead.

JPMorgan had threatened before last year’s vote that if we were to leave Europe, it would move some of its financial staff.

This makes sense.

It deals with many aspects of currency and finance, and it needs simple and efficient access to Europe, the single market, and the euro. There is some debate as to whether Britain will still have access to these when the two year negotiating period is up, and so, like many banks, it sees potential disruption.

Disruption costs money and therefore trying to mitigate for it is a big issue.

Well, it was recently reported that it’s no longer a threat, they do indeed intend to move some of their staff as reported by Bloomberg.

They have already decided that they will move some of its operations to Dublin and Luxembourg, meaning 500-1000 staff will have to be relocated.

But JPMorgan is not alone.

Another 20 banks are also looking to move their operations, or at least open up offices on the European mainland, including Goldman Sachs, Citigroup and Credit Suisse.

Altogether, it’s estimated that just in this industry alone, at least 9,000 jobs could be moved out.

That’s a lot of empty office space.

Could this be the end of London?

Of course, London has seen incredible growth over the past few decades.

It’s predicted that its growth will continue, and it will outstrip New York over the next few years, and so regardless of your views on Brexit, there is still some cause for optimism.

The city is seen by many as the financial capital of the world, but maybe that will change.

Maybe a new growth boom will come as more technology-based companies take up residence here and use London’s geographical links and its savvy population as a reason to invest?

One such company that doesn’t seem to think Brexit is an issue is the technology company Slack, which has recently opened a new office in the city.

“Brexit or no Brexit, London is still London, and the U.K. is still the U.K.,” Slack’s Chief Executive Officer Stewart Butterfield said in an interview on Bloomberg Television.

Although with only five employees in London at the moment, they intend to grow to 20 by the end of the year. Of course, that’s nothing compared to the 9,000 figure who could be leaving, but Slack started with only 30 employees in 2014, and it now has over 800. If they can maintain growth, they show the way for others.

And they’re not the only ones.

Last November, Facebook hired 500 city staff and names London as its International hub, and Google plans to expand by another 3,000 staff very soon.

What does Brexit mean, then?

At the moment, it’s fair to say that regardless of your political leaning, nobody really knows what’s going to happen to London when we finally leave the EU.

Although some have been saying it’s the end of the city as we know it, others have pointed to the increased and continuing investment by large firms.

It seems it’s too early to write the city off quite yet, and one thing’s for sure, although it really doesn’t help us in the office services industry, tourism is getting a welcome boost due to the suppressed pound!

 

How to Keep Office Carpet Tiles in High-Traffic Areas Clean When you’ve finally taken the plunge, and invested in brand new office carpet, the whole place will look amazing. For the first few weeks at least. It’ll also smell great, and with a bit of luck, you’ll have a whole bunch of very happy people…Continue Reading

Office carpet tiles are not the most exciting subject, we get that, but there are reasons why people have them, and there are reasons people don’t, so it’s with that in mind we decided to put together a list and attempt to answer as many questions as possible. Doing it in one article means you…Continue Reading

Can an office carpet really improve your company’s productivity? Take a walk around the offices of London, and you’ll notice that many prestigious companies have equally prestigious looking carpets. However there are still those that resist carpet tiles, instead thinking that a hard floor is more hygenic and easier to clean. However, I want to…Continue Reading

Carpet tile cleaning – keep your carpets and employees safe It was 1988, and I was working in the offices of a large multinational in Birmingham. It was hot, and there was a smell of oil, dirt, and food. It was hard to work out exactly where the smell was coming from, but it seemed…Continue Reading

What disruption can I expect when I have my carpet tiles fitted? Do your carpet tiles take a beating from heavy traffic? Large offices are usually very busy places, with employees and visitors coming and going all day, bringing the outside in on the bottom of their shoes and generally not taking much notice of…Continue Reading

As one of the premier carpet fitters in London, we go out of our way to ensure customers are happy with their installation. This goes all the way from the initial contact with us through to the final fit of your carpet tiles. Of course, we’re not like every other carpet tile company – we…Continue Reading