Category Archives: Business Finances

Bootstrapping Preferred Funding Model for Startups


In The Company Warehouse’s new report on Startup Funding we found that bootstrapping was the preferred funding model among the early stage startups. We spoke to a range of early stage startups who had all registered a company or sale trader business within the last 18 months. 56% of these startups were using their own […]

What is the Average Startup Budget?


The Company Warehouse’s research on Startup Funding found that the average budget for new UK startup businesses is £5,000. Our research focussed on early stage startups who had completed a limited company formation or sole trader business registration within the last 18 month. We found that the majority of entrepreneurs we spoke to had relatively […]

How to Prepare for “Making Tax Digital”


What is “Making Tax Digital”? In March 2015, the government announced its plans to replace annual tax returns with digital tax accounts, in order to “modernise the tax system”. The initiative aims to eliminate the need for tax returns and simplify the tax system. Instead of filling out an annual tax return, small business owners, […]

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 […]

Finding Funding for Innovative Startup Businesses


A common issue for many first time entrepreneurs is knowing what sources of funding are available and how to go about getting them. For businesses with high startup costs, or where product development is needed, lack of appropriate funding often means businesses don’t get started at all. Once possible funding sources have been identified it […]