Advantages and Disadvantages of a Franchise

Rather than carrying out a company formation to start a new limited company, people often buy into an established franchise to get started in business. But what are the advantages and disadvantages of a franchise? Advantages of a Franchise As a business structure, a franchise can certainly be an appealing option. With a number of …

Micro-Businesses Show Biggest Productivity Growth

The latest productivity figures from the Office for National Statistics (ONS) show that the greatest increases in productivity since 2008 have been among micro-businesses. The ONS define micro-businesses as ones with between 1 and 9 employees. These businesses account for 19.83% of all UK business but if you also include businesses with no employees that …

Company Formation Trend Predictions 2016

The number of new companies being formed in the UK has been steadily rising for the last few years. This is often seen as an indicator of entrepreneurial spirit (which it is) but it is also a result of more complex factors to do with tax, investments and employments rights. The government have announced a …

UK losing billions in VAT from online sales

It has been claimed that up to £2bn of VAT is being lost on sales though online marketplaces like Ebay and Amazon each year. HMRC have been targeting online sellers for a couple of years as they believe a lot of small UK businesses are trading online without being properly registered and without paying the …

‘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 …

What is a micro business?

As we reported last week 76% of businesses in the UK are owned and operated by a single person. This kind of very small business has been one of the main growth areas of UK businesses in the last 10 years as increasing numbers of people have become self employed. Often referred to as a …

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 …

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 …