London, England – Paragon Relocation is moving its International Headquarters from Dublin, Ireland to Southwest London, in the suburb of Wimbledon, as of April 1, 2016. Abigail Flanagan, senior director global operations and business alliances and other staff members will be based at this new office location. Paragon will occupy the Murray Suite of the Old Town Hall Building, an iconic white-fronted Victorian building in what is now a much sought-after location for businesses.
The relocation of Paragon’s International Headquarters is a strategic move for the company to position itself for future growth. Talent management is not only what Paragon Relocation assists its clients with, it’s also an important part of Paragon’s plan to compete in the global relocation management industry. With plans to fill several positions in the near future, it is vital to be in the right location. London grants the company access to a very deep and sophisticated labor force. In addition, the Old Town Hall building offers easy access to Heathrow Airport and excellent commuting options from nearby areas. The Tube, trains and the Tram, plus the M25 and A3 commuter routes, all intersect in Wimbledon.
Paragon isn’t the only company to see advantages in opening an office in London. In fact, 40% of the globe’s biggest companies with a European presence and over half of the companies in the Financial Times Stock Exchange (FTSE) 100 index have chosen London for their headquarters location. London’s labor force is the first reason many want to locate there; a second is the government’s lowering of the corporate income tax rate. In 2008, Britain lowered its tax rate by two percentage points to twenty-eight, then to twenty percent in 2015 and there are also plans to lower it further. London is succeeding in attracting major corporations, a trend that is likely to continue.
Paragon’s new Wimbledon location also brings the company closer to its target clients. According to Abigail Flanagan, “Paragon’s new London office puts us close to the kinds of companies we work with today and gives us a true sales and marketing advantage.” Locating near your clients is considered a best practice. Whether thinking about retail, manufacturing or the relocation industry, the benefits of proximity are obvious. Nothing can replace face-to-face interaction when it comes to building relationships, despite advances in technology. This is especially true in business-to-business relationships.