Category Archives: Company Formation

Clamp Down on Public Sector use of Personal Companies


George Osborne announced a new clamp down on the use of “personal service” limited companies in today’s budget. “Personal service” companies are where a person who is working as a freelancer, consultant or agency employee forms their own limited company and uses it to bill their employer. The employees can work the funds coming through […]

2016 Company Formation Trend Predictions – Part 2


In the first part of our 2016 company formation predictions we discussed how tax changes may lead to a decrease in the number of contract and agency workers forming limited companies. Another tax change is responsible for our second prediction for company formations in 2016. A series of changes announced over the last year mean […]

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 […]

New Changes to UK Limited Companies Procedures


The next phase of The Small Business, Enterprise and Employment Act comes into force on 10th October 2015. The act is intended to reduce the red tape around running a business in the UK while also increasing transparency. There are three main changes coming into force in October, none of them are hugely dramatic. Rather they […]

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 […]

Summer Budget Targets Contractors and Agency Workers


One of the biggest drivers of new limited company formations in the past couple of years has been contractors and agency workers. The use of limited companies by highly paid and skilled consultants and IT contractors has been well established for a number of years. In part these kind of high earning contractors have worked […]