Category Archives: Business Startup

‘Christmas crafters’ set for sales of over £376 million

Over three million people in the UK are planning to make and sell Christmas related gifts this year.  According to a new report published by Direct Line they are collectively set to sell £376 million worth of handmade Christmas related goods. The most popular Christmas items for crafters to make and sell are: Christmas Decorations […]

76% of UK Businesses Don’t Employ Anyone

The latest figures from the Office for National Statistics (ONS) show that the trend towards self-employments, contracting and freelance work is continuing. The latest figures for 2015 show that there are 5.4 million businesses in the UK. 1.3 million of them employ more than one person but the remaining 4.1 million businesses don’t employ anyone […]

What is really driving the growth in new UK companies?

We recently blogged about the reports that appear on an almost weekly basis about the number of new companies being formed in the UK. Most of these reports use the same dodgy stats to announce that there are a record breaking number of new businesses starting in the UK. This is normally trumpeted as a […]

What can I record as Expenses?

Most things that you buy for your business can be classed as expenses. Any Corporation Tax your business pays is calculated after your expenses have been taken into account. So accurately recording expenses means you can end up paying less tax. Startup Costs One of the first things your business can claim back are your company […]

What is a Holding Company?

Earlier this week Google announced that they are re-organising their business by forming a holding company called Alphabet. Holding companies are a pretty common way to organise large businesses but can also be useful for smaller organisations. Google’s main motivation for forming a holding company was to give it’s investors a better idea of what […]

Most reports on the number of UK startups are rubbish

Another week, another report on the record number of UK startups. The latest one comes from the Centre for Entrepreneurs who are behind the Startup Britain campaign. It got quite a lot of attention including coverage in The Telegraph, on various business blogs and on social media. It’s claim that 600,000 new business are set […]

5 Startup Scams to Be Wary Of

Startups are as vulnerable to fraudulent activity as the most established businesses, in fact they’re arguably more so. The process required to get companies registered with Companies House and properly set up to begin trading makes them a prime target for scammers who are using increasingly sophisticated methods of deception. Many scams involve criminals pretending […]