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Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Companies House Fee Increases 2026 | Start Up A-Z 3 min read Company Formations Table of Contents Categories Companies House fee increases from the 1st of February 2026. What did Companies House say? What are Start Up A-Z doing? New Company Formation Fees Beat the fee increases and Form a Ltd Company for FREE Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. This means the fee to incorporate a company will rise to £100. Considering fees were £12 just 18 months ago, it’s another tough blow to start-ups and small business owners. Whilst Companies House have justified increases to filing fees in the past, the recent justification for doubling company formation fees is no different from last year. Clearly, the costs of rolling out changes due to the Economic Crime and Corporate Transparency Act have added to the workload of the government registrar. However, doubling fees will leave many in the startup ecosystem wondering if further increases are on the horizon. The Companies House Press Release states: "The work we’re doing at Companies House, funded by our fees, is creating a transparent marketplace that boosts economic confidence and disrupts economic crime by taking robust action to prevent criminals from abusing the UK’s corporate structures, giving legitimate companies the assurance they need to do business in the UK." At Start Up A-Z, we want to focus on the impacts of these changes on new and prospective small business owners. In a world of rising costs, the UK has always had a reliably cost-effective system when it comes to starting and administering a business. We worry that this is changing and further changes, especially in the upcoming budget, will further dissuade people from starting companies. There is only certainty in what we know right now. That Start Up A-Z is the only place in the UK to form an LTD company for free. This means, at the moment, we absorb Companies House charges, so that you are able to form a company and start your new business for the least amount of money possible. It’s our vision that business ideas can be tested and proven cost-effectively. We worry that Companies House no longer share that vision. Company incorporation and registration fees Transaction Channel New fee Incorporation Digital £100 Incorporation (same day) Software £156 Incorporation Software £100 Incorporation Paper £124 Registration under s1040 (Part 33 Chapter 1) CA06  Paper £124 Re-registration of a company under Part 7 CA06    Paper £124 Re-registration of a company under section 651 CA06    Paper £124 Re-registration of a company under section 665 CA06    Paper £124 Confirmation statement Digital £50 Confirmation statement Software £50 Confirmation statement Paper £110 Change of name (same day) Digital £85 Registration of a charge   Digital £14 Voluntary strike off Paper £18 Voluntary strike off Digital £13 Reduction of share capital of a company under s644 CA06 (same day)    Digital (upload service) £89 Reduction of share capital of a company under s644 CA06   Paper £20 Reduction of share capital of a company under s644 CA06    Digital (upload service) £20 Reduction of share capital of a company under s649 CA06 (same day)    Digital (upload service) £89 Reduction of share capital of a company under s649 CA06   Paper £20 Reduction of share capital of a company under s649 CA06 Digital (upload service) £20 Administrative restoration Paper £341 Application to make an address unavailable for public inspection  Paper £34 To see the full table of fees, see here: Changes to Companies House fees - Changes to UK company law Beat the fee increases here: Form a Ltd Company for FREE Recommended Readings

Apply to form a company for FREE in 2 minutes here at Start Up A-Z! Start up your business with us using our company formations and registration service. Free Company Formation Save £100 on company formation by applying for Anna Money through us and get fully refunded upon approval. Check business name availability now to start. Check Availability Limited Limited Highly recommended by our partners Where are you on your startup journey? Follow the SUAZ method for the best chance of success More on the Startup A-Z method Let us know how we can help Your success is our success ⦿ Your success will encourage other new business owners to work with Start Up A-Z. ⦿ It makes us feel good and makes our job worthwhile. ⦿ We can scale with your company and offer solutions to meet your needs as your business grows. Hi, nice to meet you! We’re not just another company formation agent. We’re your Start Up A-Z We’re here from A-Z, from the moment you submit your company registration, to landing your first sale. With Start Up A-Z, you’ll have the tools and knowledge to succeed, and the support you need to thrive. 
We do more than just form your company. You’ll gain a support system to grow your business for the long haul. After all, the SUAZ team has been in your shoes. We know the ways to succeed and the things to avoid, and would love to be a part of your success story. Think of us as a free business partner who’ll have your back every step of the way. Find out more Why choose us as your company formations agent? You’ll gain more than just company formation. Some of the benefits you’ll receive include... Get an exclusive access to Business Centre Empower your startup journey with Small Business Software Once you’ve completed the company formation process with us, you’ll get exclusive access to a Business Centre account. Business Centre brings everything you need to run your business into one easy-to-use application with essential tools designed for new business owners. Here you can manage your availed services, tap into business resources, get marketing support and discover accounting and insurance partners. You’ll have everything you need to unlock your business’s full potential. Create a free account now Take a look at our services. We're here to help you with your new business We have articles for you to browse Do you need more information in forming a company? By Start Up A-Z Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. 3 min read By Start Up A-Z Start Up A-Z Christmas Policy 2025 1 min read Button By Start Up A-Z Companies House Fee Increases 2026 | Start Up A-Z 3 min read Button By Start Up A-Z The companies owning the most companies 10 min read Button Explore Our Knowledge Base Got Questions About Forming A Company? Words from our clients / 4.8 / 344 Reviews Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Companies House have been increasing their prices in recent years with a jump from £12 in 2024 to £100 in 2026. This could be a hurdle for many people starting a business and we want to make it more accessible. We partner with top business providers to provide additional services for new business owners like you, earning us commissions that let us subsidise your company formation at no cost to you. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. See all FAQs Ask us a question! Contact Us help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting!

This is the knowledge base of Start Up A-Z wherein you can browse through our articles created to educate you into forming your company. Our Knowledge Base: How can we help you today? Popular Search: Virtual Office, Company Formation, Finance Featured Article Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Read More Building Foundations for Success: Your Path to Company Formation Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Company Formations, Virtual Office Start Up A-Z Christmas Policy 2025 Business Trends What it takes to be a FTSE CEO Beginner's Guide The UK’s most entrepreneurial universities Company Formations Companies House Fee Increases 2026 | Start Up A-Z Start-Up Finance 5 Grants to Apply for When Starting a Business Beginner's Guide The UK’s self employed survival rates for 2025 Business Trends The companies owning the most companies Company Formations, Business Trends Companies House register drops for the first time since 2012 Company Formations How much professional indemnity insurance do I need? Load More Categories Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Companies House have been increasing their prices in recent years with a jump from £12 in 2024 to £100 in 2026. This could be a hurdle for many people starting a business and we want to make it more accessible. We partner with top business providers to provide additional services for new business owners like you, earning us commissions that let us subsidise your company formation at no cost to you. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Faqs Can't find an answer? Contact Us! help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting! Contact Us

Access expert insights and guidance in Suez UK's Knowledge Base. Our articles cover a wide range of topics to help you enhance your business strategies. List of Our Knowledge Base Articles Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office 10 Legal Considerations When Starting a Business Understand the key legal aspects of starting a business, from business structure and registration to licences and employment laws. 5 Grants to Apply for When Starting a Business Starting a business involves paying set-up costs. Check out our top grants for starting a business and learn how to apply. A Guide to Finding a Dog-walking Business Name Discover the perfect dog walking business name with our suggestions and guide to creating a name. Stand out in the industry and attract clients effortlessly. A Guide to Starting a Cleaning Business in 2024 Starting a cleaning business is a great idea if it's in demand in your area. This guide will take you through the steps required and what you need. Read more. A Guide to Starting a Dog Walking Business in 2024 Want to succeed in the household pet industry? If you're wondering how to start a dog walking business, we've created a complete guide to get you started. A Guide to Starting a Gardening Business in 2024 Want to succeed in the gardening & landscaping industry? If you're wondering how to start a gardening business, we've created a guide to get you started. A Guide to Writing Contracts as a Freelancer Learn how to write effective freelance contracts with our comprehensive guide. Protect your work, negotiate terms, and ensure timely payments. Advantages & Disadvantages of Starting a Business Looking to break free from the 9-5? Becoming an entrepreneur can be life-changing, with the potential to secure financial independence and achieve your dream. Are dog walkers in demand? Find out where the most in-demand locations are to become a dog walker across the UK’s biggest cities and towns. Can You Start a UK Business While on Benefits? If you're choosing to start a business whilst on universal credit or some other benefit, it is important you understand the cost implications. Read more here. Changes to Companies House Fees Discover the impact of Companies House fee changes on agents & SUAZ's commitment to free company formation. Stay informed & empower your business with SUAZ. Companies House register drops for the first time since 2012 The Companies House register has shrunk for the first time since quarterly reporting began in 2012. Read what it means for future entrepreneurs. Do You Need a Business Bank Account to Operate? Are you debating whether a business bank account is necessary? Start Up A-Z highlights the advantages and reasons why your venture can benefit from having one. How Difficult is it to Start a Business? The process of starting a business itself is not difficult, but running a business itself involves lots of hard work, but is it worth it? Read more. How Much Does a Virtual Office Cost? Curious about the cost of a virtual office? In our latest guide, we break down the pricing factors and provide insights into virtual office costs. Read more. How do you open a retail business? Learn how to open a retail business in this step-by-step guide from the experts at Start Up A-Z. Covering everything from market research to business planning. How much professional indemnity insurance do I need? Determine the right amount of professional indemnity insurance for your needs with our practical guide. Read more to protect your business effectively. How to Quote & Charge for Freelance Work Learn to quote and charge effectively for freelance work with expert strategies. Elevate your pricing game and boost your freelance success with Start Up A-Z. How to Set Up a Freelancer Business in 2024 Discover how to kickstart your freelance career with our comprehensive guide. From setup to success, we've got you covered! How to Start a Bakery Business in the UK Learn the key steps to successfully start your bakery business. Get practical tips and insights to turn your passion into profit. Read the guide now! 12 Reasons to Start a Business Today Thousands of people set up businesses every year, each for different reasons. But what is a good reason to start a business? Explore more here. 5 Things to Consider When Starting a Business There are a large number of considerations when starting a business, from finances to time investment and unforeseen circumstances. Read more A Guide to Starting a Buy to Let Property Business Want to set up a buy to let business? Read how this can work, from researching the market, establishing budget, to setting up your own company. Learn today. A Guide to Starting a Construction Company in 2024 Want to succeed in the construction industry? If you're wondering how to start a building and construction business, we've created a guide to get you started. A Guide to Starting a Food Business in 2024 Want to succeed in the food industry? If you're wondering how to start a food business, we've created a complete guide to get you started. Read more. A Guide to Startup Loans & Business Financing While the saying ‘it takes money to make money’ may sound like a cliché, there’s no denying that starting your own business can be expensive. Advantages & Disadvantages of Limited Liability Do you think of starting your own business? Before you dive in, it's crucial to understand the legal terms and jargon associated with forming a limited company. Are Virtual Offices Legal? Confused about the legality of virtual offices? Explore SUAZ's guide to learn about the legal aspects and regulations surrounding them. Read more. Can I Register My Business at My Home Address? Using your home address as your business address has its benefits, but there are some considerations. So what's the best option? Read more. Can a Student Start a Business Whilst at University? Many students use their time at university to experiment and start a business as a way to gain income and experience (visa dependent of course) . Learn more. Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Do I need an accountant as a limited company? While there’s no legal requirement to use an accountant for a limited company, find out how a qualified accountant can reduce tax fines and risk of liability. Frequently asked questions on freelancing Read the answers to frequently asked questions freelancers have as you start up your own business. Get insights and advice to help you navigate freelancing. How Long Does It Take to Set Up a Limited Company? Starting a business is exciting, and the process doesn't have to be complicated. In this guide, you can get your company up and running quickly. How Much Does it Cost to Start a Business in the UK? Depending on the business, average start-up costs are about £5k - but can be cheaper when you know how. Find out how much it costs to start a UK business here. How much does it cost to set up a limited company? It can cost from £50 to set up a limited company, but at Start Up A-Z we cover this expense, meaning you can register a business for free with us. Learn more. How to Find Freelance Work & Respond to Enquiries Learn how to find freelance work and respond to inquiries with our comprehensive guide. Use our step by step advice to help set yourself up for success. How to Register & Form a Limited Company: A Complete Guide Thinking of registering a company in the UK? This guide will show you how easy it can be to form a limited company. How to Set Up a Virtual Office Ready to set up your own virtual office? Follow our step-by-step guide to creating a virtual office and enjoy the flexibility it offers. Read more. How to Start a Business with No Money If you're looking to start a business but have no money, keep reading here to find out how you might go about it.

Starting a cleaning business is a great idea if it's in demand in your area. This guide will take you through the steps required and what you need. Read more. A Guide to Starting a Cleaning Business in 2024 12 min read Beginner's Guide Table of Contents Categories Is a cleaning business really for you? What skills and qualifications do you need to start this business? What costs are associated with starting a cleaning business? Set a realistic budget for cleaning products Practical steps to start your cleaning business Research your area and find your market niche Having a business and marketing plan in place Check legal rules and regulations ISO certifications Chemical safety - COSHH regulations Forming your cleaning company Get the relevant licences and insurance Invest in the right equipment Decide how much you’ll charge Organising your clients How to get your first client Get a cleaning contract set up Bring your business idea to life Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Do you know your bleach from your detergent? Are you known for getting stains out of anything? If you’re a cleaning connoisseur, starting a cleaning business could be the fresh start you’re looking for. The cleaning industry in the UK is experiencing significant growth - as of 2024, the sector is valued at nearly £59.8 billion , making it one of the ten largest industries in the country. What’s more, the number of cleaning businesses is also increasing with 75,565 companies operating in 2023, up from 73,655 in 2022 . This growth is driven by a demand for hygiene and cleaning services following the pandemic and the sector’s vital role in public health and safety. With this growing demand, there’s never been a better time to start your business. Perhaps you have a background as a residential cleaner, or you prefer larger projects as a commercial cleaner or industrial cleaner. Wherever your passion and expertise lie, starting a cleaning business could be the exciting, fresh start you’ve been waiting for. We’ve covered the ins and outs of how to start a cleaning business in our guide, including the average self-employed cleaner hourly rate in the UK. With this insight, you’ll know all the steps you need to take to get started, so you can embrace your new chapter. Is a cleaning business really for you? You’ll first need to decide whether starting a cleaning business is the right choice for you. While you may enjoy cleaning (nothing beats the feeling of a sparkling home, right?), there's a difference between cleaning your own home and cleaning for a living. Starting a cleaning business can open the door to financial freedom, flexible hours and an immense sense of pride. But there are some potential downsides to consider, such as cleaning products being potentially hazardous to your health, safety considerations like slipping and tripping, and working long hours. You may also spend a lot of time working alone which, depending on your preferences, may or may not suit you. Laura Dent, Director at SoFreshandSoClean says, ‘ Although business is stressful, especially in current climates, if you don’t love cleaning and the satisfaction it brings to not only you but your clients also, the teething issues may get the best of you. ‘ The first six months are always the hardest. Have a clear goal of where you want to take the business so you have obtainable goals to keep you focused. Being authentic in what you do will attract like-minded team members and clients. Be sure of yourself before expecting others to invest in you .’ There may be both pros and cons you need to consider, but nothing beats the feeling of starting your own business. So, what are you waiting for? What skills and qualifications do you need to start this business? While there aren’t any specific requirements or qualifications you need to start a cleaning business, you may want to brush up on your knowledge to show off your expertise. Gaining a qualification or certification, for example, won’t just look impressive to future clients, but can ensure you’re safe while working. Cleaning is a hands-on job, so learning about correct posture while cleaning can be helpful to avoid potential injuries, as well as how to lift heavy objects or boxes safely. It’s likely you’ll also be handling different types of cleaning products, some of which can be hazardous - so make sure you know how to protect your skin and hair from chemicals, and which chemicals you should avoid mixing, for example. If you’re planning on cleaning industrial spaces or offering specialist cleaning services such as fire damage cleaning or hazardous waste cleaning, you may need professional qualifications to enter this profession. Thankfully, there’s an array of training courses online to get your knowledge up to scratch. You’ll also get a certificate once you’re finished to impress your customers! What costs are associated with starting a cleaning business? How much it will cost to start your cleaning business will ultimately depend on the size of your business and the sector you’ll operate in. If you’re looking to start a domestic cleaning business, this shouldn’t require significant cash to get started, especially if you’re planning to use your clients’ cleaning materials. If you’re looking to operate in the commercial space, this may cost you more to get things up and running. You’ll likely need to invest in industrial equipment such as professional vacuum cleaners, trolleys and other materials, as well as a large van to move things around. Here are some costs to consider for starting your company: Equipment: You’ll need to decide whether you’d prefer to supply your own cleaning equipment, or use that of your customers. You may have products you prefer to use, which you know do the job well, but with this comes the cost of replenishing them when they run out. You could choose to play it by ear - some clients may prefer for you to use their own cleaning equipment, some may expect you to bring your own, and others may not have a preference. Insurance: While mopping, dusting and chemicals, accidents can happen. With the right business insurance, you’ll have peace of mind that should disaster strike, you’ll have the support to put wrong to right. Your policy should cover for claims made against you, such as accidental injury or damage, as well as employer’s liability insurance if you’re planning on hiring others to work with you. Set a realistic budget for cleaning products Be sure to do your research when it comes to the cleaning products you’ll use. What you use at home may not suit your client’s preferences. When it comes to your home, you may opt for whatever products are the best value, for example. But when it comes to your business, it’s important that you choose products that perform well, are high quality and aren’t going to irritate those with allergies, children or pets. With this in mind, be sure to shop around, ask for recommendations and don’t be afraid to ask new clients their preferences. Practical steps to start your cleaning business According to the British Cleaning Council, there are 1.47 million workers in the cleaning sector , which is around 5% of the UK’s workforce, so you’re definitely choosing a popular industry to be a part of! Ready to get started? Here’s a step-by-step guide on how to start a cleaning business in the UK. Research your area and find your market niche If you’re looking to make your mark in the cleaning industry, finding your niche is a great place to start. Is there something you can offer that competitors don’t? Is there a need for a particular service in your area that you could offer? Perhaps you’ll offer specialised cleaning like end of tenancy cleans, or emergency cleans when disasters strike such as a fire or a flood. Becoming an expert in a particular area can help you to stand out from the crowd. Faye McCann, Director of Biohazard Training , explains ‘ It's ⁠very important to have a niche. Mine was being an expert in Biohazard cleaning, and this got me known very quickly! ’ We’ve put together a list of some of the most common types of cleaning niches, to help you decide on your area of expertise and where to make your mark. Residential cleaning: Where you clean private homes - this includes tasks such as dusting, vacuuming, mopping and the general upkeep of living areas. Commercial cleaning: Cleaning for businesses and office spaces. Often involves tasks at a larger scale, such as cleaning floors, windows and communal areas. Industrial cleaning: You’ll clean industrial spaces such as factories and warehouses and are likely to need specialised cleaning equipment for this environment. Carpet and upholstery cleaning: Involves deep cleaning of carpets, rugs and upholstery, including stain removal, in both homes and commercial environments. Window cleaning: Focuses on cleaning both interior and exterior windows for homes, offices and commercial buildings. End of tenancy cleaning: More thorough, deep cleaning of rental properties before new tenants move in, to ensure the property is clean and presentable. Biohazard cleaning: The safe removal and disposal of hazardous materials, such as bodily fluids, chemicals and other hazards. Car valeting: Cleaning the interior and exterior of vehicles, including washing, waxing and vacuuming. Having a business and marketing plan in place While you could dive head-first into entrepreneurship, we wouldn’t recommend it. Instead, putting together a business plan can serve as a guidebook for your business - detailing your aims, plans for the future and your company’s objectives. You’ll have it to hand whenever you need it, to remind you of your goals and offer some determination when times get tough. Looking for how to write a business plan? Take a look at our business plan guide . If you’re looking to apply for a business loan, the bank will ask to see your business plan to understand what you’re looking to use the money for. Our guide to business loans covers this in more detail. As for getting your business’ name out there, having a marketing plan is a must. How will people know your business exists if you don’t promote it? From flyers to social media content, you can promote your expertise and encourage friends and family to spread the word too. Check legal rules and regulations If you’ve asked yourself ‘what licence do I need to start a cleaning business?’, we’ve got you covered. Here are some legal rules and regulations you’ll need to consider before you unwrap your Marigolds… ISO certifications While not essential, gaining an ISO certification can demonstrate your commitment to quality, which could help you gain and retain customers. By being ISO certified, you’re letting customers know you’re committed to performing quality work, and training any employees you have to the highest standards. Some ISO cleaning accreditations include: ISO 14401 Environmental Management: Shows your cleaning business is committed to protecting the environment. By meeting this standard, your business aims to reduce waste, use cleaning products correctly and comply with environmental regulations. ISO 45001 Occupational Health and Safety: Demonstrates your business has a strict health and safety management system in place to protect employees and clients. You’ll always consider the health and safety of staff on-site and undertake risk management. ISO 9001 Quality Management Systems: Businesses with this certification know the value of having a hardworking team who always does their best. You’ll aim to continually improve your services and ensure your clients’ needs are met. Your team will be reliable, you’ll be committed to excellent work and receive minimal complaints from customers. Chemical safety - COSHH regulations As a professional cleaner, you’ll likely work with hazardous chemicals at some point. Even if you prefer to use more natural cleaning products, you may have a job where only the toughest cleaner will do! The Control of Substances Hazardous to Health Regulations (COSHH) is the law requiring employers to control the risks from harmful substances. This means it’s your responsibility to handle, store and use chemicals safely so they don’t harm you, your employees or your clients. Using cleaning products safely isn’t just a legal requirement, it can also protect the health of you and your workers. Cleaning chemicals can run the risk of health problems such as asthma, skin irritation or even poisoning when used incorrectly. To adhere to regulations, you’ll need to carry out a risk assessment. This involves you assessing the places you’ll work, the cleaning products you'll use and identifying any risks that may occur. From there, you can determine the ways you’ll aim to keep you and your staff safe. Forming your cleaning company Think you’ve got what it takes to lead a thriving cleaning company? First, you’ll need to officially form your company, so your business is ready to roll. We’re not going to downplay things - starting a business can take a significant amount of time and money. It’s easy to let things get on top of you, which can leave you feeling overwhelmed. That’s where we come in. Instead of forming your business directly through Companies House, you can choose to form your business through SUAZ completely free of charge. We’ll cover the £50 incorporation fee on your behalf (no catch, promise), as we love nothing more than helping businesses like yours come to life. Being a part of your journey is what we love most. To make your business the best it can be, we offer several company formation packages , from free company formation to our Company Pro package which ticks all the boxes. With our help, you’ll have the reassurance that everything is taken care of. Get the relevant licences and insurance As mentioned, while you’re not legally required to hold a license to become a professional cleaner, you may choose to expand your knowledge through a training course, such as the British Cleaning Certificate Course. Certified by CPD, you’ll learn all about the cleaning industry, how to use certain equipment and various health and safety measures. While you never expect to use it, insurance is designed to protect you when you least expect it. While some types of business insurance are optional, as a small business you’re legally required to take out employers’ liability insurance (EL). This covers your business should one of your employees claim they’ve suffered illness or injury from working for you. Without EL, you could be fined £2,500 for every day you’re unprotected - so it’s really not worth risking. Invest in the right equipment The equipment you’ll need for your cleaning business will ultimately depend on your preferences and business model. How much you’ll need to invest in your equipment can vary depending on numerous factors, including: The type of equipment: Naturally, different types of equipment have different price ranges. For example, a basic vacuum cleaner might only set you back around £50, whereas a professional industrial vacuum cleaner could cost you several hundred pounds. Higher-end equipment is likely to last longer, perform better and need less maintenance - saving you money long term. Brand: Some brands are naturally more expensive than others, so it’s worth doing your research and reading reviews to make sure you get the best product for your needs and your budget. Features: Look for equipment that ticks all the boxes for you to deliver the best possible service. Also consider factors such as portability, especially if you need to transport your equipment between jobs or cover large areas when cleaning. Quality: While investing in quality equipment may feel like a large investment up front, you’re likely to gain a better return on investment. High-quality materials such as stainless steel or heavy-duty plastics can withstand regular use without wearing out too quickly. Quality equipment is also likely to deliver better results, such as deeper cleaning power. For example, professional vacuum cleaners may have stronger suction than cheaper alternatives. Remember, the equipment you require to get your cleaning business off the ground is likely to vary depending on the cleaning niche you choose. For industrial cleaning, you’re likely to need a high-power, industrial vacuum cleaner, whereas a standard vacuum will do just fine for residential cleaning. For biohazard cleaning, health and safety is more important than ever - you’ll need to invest in sterile overalls and PPE to protect you. Whereas, for residential cleaning your clothing is less of a concern - as long as you’re comfortable and have your gloves at the ready. Here’s a list of equipment you may need: Vacuum cleaner with various attachments for different types of flooring Mop and bucket Dusters Sponges and microfibre cloths Dustpan, brush and broom Protective clothing such as masks and rubber gloves Cleaning brushes Disinfectant wipes Bin liners Various cleaners such as surface cleaner, toilet cleaner and glass cleaner Decide how much you’ll charge How much you’ll charge for your services will depend on several factors, from your level of experience and location, to the type of cleaning service you provide. You don’t want to overcharge and steer customers away, but try not to undersell yourself either! Laura explains ‘ We see a lot of new cleaning companies slash their prices to undercut others and gain business without truly understanding the costs involved long term. I would advise offering discounts for new business rather than lowering your prices as it won’t take you long to realise, you’re a busy fool and don’t have a sustainable company. ’ The cost of a cleaner varies significantly across the UK, from £12 an hour up to £23 an hour . Finding a niche can help you to grow your business and the more experience you gain, the higher price you can set. More often than not, the size and nature of the cleaning job can significantly affect the price you charge. For example, biohazard cleaners charge an average hourly rate of £20, with end-of-tenancy cleaners making an average of £22.50 an hour to spruce up rental properties. For residential cleaners who take on general house cleaning, you can expect to take home an average of £12.83 per hour. Be sure to do your research, find out the going rates in your area and ways you stand out against the competition. Organising your clients Once your business has taken off, keeping on top of your diary can feel like hard work. The more popular your business becomes, the harder it can be to organise your workload. How you organise your workday will depend on what you prefer, you could choose a scheduling system such as Google Workspace where clients can make a booking with you, or stick to manually organising your calendar. Make sure you keep a log of how long a job has taken so you bill clients correctly. How to get your first client Once you’ve set up your business, how do you go about getting customers on board? Here are some ways you could market your business and attract clients: Contact your network - perhaps a friend of a friend needs a cleaner Build an online presence - create an Instagram account for your business, promote your services on Facebook and look into SEO (search engine optimisation) to get spotted on search engines Attend industry events to grow your network Post a flyer through locals’ doors to advertise your services Faye McCann says, ‘ I secured my first few clients by promoting on Facebook and good word of mouth .’ Get a cleaning contract set up A cleaning contract outlines what you and your clients expect from each other. It’s there to clarify what services you’ll provide, when you’ll provide them and when a client needs to pay you. Having a cleaning contract can also help to resolve any disputes should they arise. Laura Dent explains her biggest pain point is late payments, which can be minimised with a contract in place. ‘ As we are a service-based business not product selling, we rely on payment after the service has been received. Clients paying late puts huge pressure on outgoings and it’s nearly closed us in the last 18 months. To overcome this, we welcomed a consultant to come into the business and streamline all our processes. ’ Some things you should look to include in your cleaning contract are: Your contact information Contact or billing number for you to keep track of clients Your list of services, their prices and how regularly you’ll perform them The types of equipment or products you use Your payment details Equipment expectations such as whether you’ll supply your own equipment or use your client’s Dispute resolution - how both parties will resolve any issues Date of termination - how long the document will be valid, whether the agreement can be extended and how much notice the client should give if they wish to terminate the contract Signatures - make sure both you and your client sign the contract Bring your business idea to life All great businesses start with an idea. We believe you have what it takes to make your dream a reality. After all, starting your own business can transform your life, offering you long-term financial stability and happiness too. Our professional company formation service can support you every step of the way, to give your cleaning business the best chance of success. What are you waiting for? Form your company today with SUAZ. Recommended Readings

Want to set up a buy to let business? Read how this can work, from researching the market, establishing budget, to setting up your own company. Learn today. A Guide to Starting a Buy to Let Property Business 12 min read Beginner's Guide Table of Contents Categories Are you ready to start a buy to let business? The buy to let property landscape in 2024 How much money do you need to start a property business? Steps to starting a property business Begin with market research and analysis Business planning Legal considerations and company formation Creating a financing strategy Understanding buy-to-let strategies Traditional buy-to-let HMOs Holiday lets BRRR How SUAZ can help you Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Caught the entrepreneurial bug? If starting a property or buy to let business is calling your name, there’s no better time to bring your business idea to life. Real estate is a thriving industry in the UK, generating a turnover of over £65 billion in 2022 , so you’ve certainly picked a popular sector to be a part of. Starting your own business can be life-changing - there’s no feeling quite like being your own boss! But you may experience trials and tribulations along the way as you navigate entrepreneurship. With the right preparation, you’ll know exactly how to handle these challenges and learn from them along the way. Our guide will cover exactly how to start a buy-to-let business in the UK, including the current property landscape in the UK and how to approach your buy to let business plan. We’ll also explain just how easy it is to form your company through SUAZ, to take some weight off your shoulders as you begin your new venture. Are you ready to start a buy to let business? Starting a property business is a major life decision, so it’s important you assess your readiness before diving straight in. Starting your own company requires a lot of commitment and dedication, which you’ll need to make sure you have the time for. You’ll need to wrap your head around the business jargon and regulations that may apply to your buy to let business, and make sure you’re both emotionally and financially prepared for your new venture. To confirm whether you’re ready to start your business, you’ll need to make sure you have the passion and commitment, the funds to get things going and a comprehensive buy to let business plan that outlines your business goals, financial projections and objectives. As long as you’re prepared and have the drive to succeed, there’s no reason why you aren’t ready to start a buy to let limited company. We believe you have what it takes. The buy to let property landscape in 2024 The UK’s property market has seen significant change in recent years, particularly due to economic factors such as the cost of living crisis, which has impacted mortgage rates and house prices. If you’re looking to start a buy to let business, you’ll be pleased to know that the housing market is certainly picking up following a period of decline. With house prices falling at their fastest rate in 13 years in November 2023, and a recent dip in mortgage rates, it’s predicted that the market could recover considerably this year. Overall buyer demand is up by 6% , after many movers held off from buying while they waited for the market to improve. Mortgage rates are slowly dropping, with five-year fixed rates for those remortgaging coming in below 4% as lenders compete against each other. For those purchasing a new home, the cheapest fixed rate available as of January 2024 is a five-year fixed rate of 3.92% . According to data from Moneyfacts, pricing is now at a seven-month low which is good news for buyers who have been holding off moving or buying their first home. Luke Meadows, Executive Mortgage Consultant at Mortgage Link Limited says; “In a bid to tackle inflation, we saw the Bank of England increase their base rate 14 times in 2 years. In recent months we have started to see more stability in rates as inflation improves but mortgages are still significantly more expensive than they were just a couple of years ago. During Covid, I secured a 5 year fixed for clients sub 1%. These deals are now typically 4%+ and rose to 6% at times last year. “The general consensus is that we are now through the worst and things will remain a lot more stable until rates are expected to slowly start reducing from the end of 2024. I have already seen a positive increase in the number of enquiries I am getting from homeowners looking to sell and upsize and this is expected to continue. I sometimes think the uncertainty is worse than the higher rates at times and now people feel this is maybe as expensive as it may get, they have the confidence to revisit those plans to move.” Other considerations as a potential property business owner are trends in the property market, such as a focus on energy efficiency and sustainability. Buyers seem to be more focused on the energy efficiency of a property over the charm of period properties, with 67% of landlords noticing less interest in period properties compared to a decade ago. This is likely due to the rising costs of running older properties, and the cost of energy bills which have prompted buyers to look for more cost-effective, energy-efficient homes. It may be worth keeping these considerations in mind when starting your property business, so you know you’re appealing to the needs of your potential customers or buyers. How much money do you need to start a property business? How much money you’ll need to kickstart your property business will depend on your unique, financial circumstances. It’ll also depend on the type of property you’re looking to buy, and if you need to cover other costs such as stamp duty. If you’re looking to buy a property to rent out, known as buy-to-let, you’ll need to consider the upfront costs of this business venture, and any ongoing costs you’ll need to cover once you’ve purchased your property. Buy-to-let mortgages work similarly to other types of mortgages, but the fees and interest rates tend to be higher. It’s likely you’ll need a deposit of at least 25% of the property’s value. You’ll then need to keep up with your mortgage repayments, but hopefully the rental income from your property will cover this. Other costs to keep in mind include: Stamp Duty Land Tax (SDLT): How much stamp duty you’ll need to pay will depend on the property’s price. For properties £40,000 and below, you won’t pay any stamp duty. Those priced up to £250,000 have a 3% buy-to-let stamp duty rate, properties priced between £250,001-£925,000 have a rate of 8% and if you’re buying a property priced between £925,0001-£1.5m, you’ll pay 13%. Looking to purchase a property of £1.5m and above? You’ll pay 15% buy-to-let stamp duty. If you’re a first-time buyer, you won’t need to pay stamp duty for properties up to £425,000. This limit will remain in place until March 2025, when it’s due to change to £300,000. Legal fees: You’ll need to pay your solicitor to take care of the legal side of purchasing a property. How much these fees cost varies, so be sure to check this beforehand. Ongoing costs: These are costs you’ll need to cover regularly once you’ve purchased a property, including mortgage repayments, service charges and management fees if you’d rather someone else, such as a letting agent, take care of managing your property. Letting agents will charge you the cost of advertising the property, conducting viewings and handling admin, for example. How much you can expect to pay will depend on the services you require. For a let-only service, where the letting agent will simply find tenants for your property, you’re looking at them receiving 50-80% of the first month’s rent on average . Whereas, if you need full property management, the letting agent is likely to charge 12-15% of your tenant’s monthly rent. It’s recommended that you have a starting budget of £50,000 to get your property business off the ground, but this of course depends on your unique, financial circumstances. Steps to starting a property business Ready to embark on your exciting new chapter? Starting a property business could be the life-changing experience you’ve been looking for. Here are the steps you’ll need to take to get started. Read our study on the most profitable locations for a buy-to-let property business . Begin with market research and analysis Getting to know the market you’re looking to operate in is a key first step when starting a property business. Market research gives you insight into current trends and demands in the property market, so you know how to appeal to your customers. You’ll understand the demographics and preferences of your potential buyers or tenants, and how to differentiate yourself and your property from other property businesses. Business planning Creating a comprehensive business plan is a vital part of starting your business. Your business plan is a written document outlining your business’ plans and how you’ll achieve them. It will cover your business’ strategy, financial projections, goals and what success will look like for your business. For your buy-to-let business plan , you’ll need to cover the money you have to invest, the skills and knowledge you can apply to your business and the time you’ll have to invest each week or month for your business. If you’re looking to apply for a business loan, your bank will ask to see your business plan to know what you’re planning to use the borrowed funds for. Take a look at our guide to writing a business plan for more details. Legal considerations and company formation Make sure you understand the legal considerations of starting a property business. The first step is to form your company, which you can either do yourself through Companies House which costs £50, or you can let a company formation agent take care of things for you. Here at SUAZ, we can form your company with Companies House on your behalf, completely free of charge (yes, really!). What’s more, should you need any support or advice, we’re always at hand to answer any questions. Make sure you read up on and understand building regulations and which apply to your business. Building regulations are legal requirements that ensure the health and safety of those who live, work or use buildings. As a property owner, landlord or property management company, you’re legally required to ensure your property is safe for occupants and visitors. The government’s website explains the regulations around renting out your property . Creating a financing strategy How you choose to finance your business is up to you and what you can afford. You may have the money available outright to cover your startup costs, or you may need to rely on one of the following financing options to get your business up and running: Business loans: You can apply for a business loan through a bank and will need to repay the amount through regular repayments. How much you can borrow will usually depend on your credit history. Once you’re approved, you’ll receive the money and you’ll start making repayments, including interest, over a set term such as three years, for example. Partnerships: A business partnership means forming a business with another person. Rather than taking on your business’ responsibilities alone, they’ll be shared. Both of you will contribute financially to getting the business running, and you’ll both be liable for the business’ debts. Crowdfunding: This is where a ‘crowd’ funds a project, such as your property business. To raise the money you need, you’ll need to encourage investors to contribute to your business. There are different types of crowdfunding for you to consider including donation-based funding where your contributors will give money without receiving anything in return. With equity funding, investors will receive shares of your business in exchange for their contribution. Take a look at our guide to startup loans and business financing for more details. Understanding buy-to-let strategies If you’re looking to start a buy-to-let business, you’ll need to get your head around and decide on the different buy-to-let strategies. The buy-to-let strategy you choose will depend on your financial circumstances, business goals and the time you have to dedicate to your new venture. Here are the different types of buy-to-let for you to consider: Traditional buy-to-let As you may assume, a traditional buy-to-let involves you buying a property to rent out to tenants. The rent you charge should cover the mortgage payments and any other expenses, so you come out with a profit each month. HMOs Houses in multiple occupation, known as HMOs, are properties shared by multiple tenants from different families. Your property would be considered an HMO if at least three tenants live there forming more than one household, and if the toilet, bathroom and kitchen facilities are shared with other tenants. Holiday lets Holiday lets are focused on short-term renting throughout the year. If you’re looking to start a holiday rental company, it’s important to choose the right location and property which attracts holidaymakers to ensure you’re making a consistent profit. There are various regulations you must adhere to should you run a holiday let business. Your property must be available for commercial holiday letting for at least 210 days per year, and must be actively promoted and let commercially with the intention of making a profit. The government’s furnished holiday lettings guidance explains this in greater detail. BRRR Buy, refurbish, refinance, rent (BRRR) involves you buying a low-value property that needs work, refurbishing it to increase its value and then refinancing it. Once the property has increased value, you can use the money you put in to invest in another property. This is a popular buy-to-let strategy as it requires low initial capital to get started and allows you to grow your property portfolio fairly quickly. How SUAZ can help you Starting a property business can be life changing. Say goodbye to your regular 9-5 and embrace the world of entrepreneurship today with SUAZ. Our expert company formation service can take care of the hard work for you, so you can focus on the important stuff like your exciting next chapter. Form your company with SUAZ today. Recommended Readings

Read our annual small business report to find out the latest small business trends, including which industries and locations are thriving this year. The UK small business report - the small business ecosystem and trends 13 min read Written by Lucy Hancock Business Trends Table of Contents Categories What is the definition of a small business? How many small businesses are in the UK? How has the business landscape changed over time? Small business survival rates in 2023 Fastest growing industries for UK small businesses The UK locations where the most small businesses were started Conclusion Methodology Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The business world is constantly evolving. A major change, particularly in the last 20 years, has been digital transformation - the integration of digital technologies in a business to improve productivity, efficiency and overall growth. Digital transformation is no longer just an option or a luxury for businesses, but a necessity to remain relevant to their customers and stay competitive in their industry. Other key shifts for businesses include globalisation which has led to an increase in world trade, deindustrialisation and austerity - the government’s efforts to save money. With all these changes considered, the UK’s business landscape could be compared to an ecosystem. With ecosystems consisting of organisms that are connected and feed off each other, so too does the business landscape. Many businesses and industries rely on and support one another, so when one succeeds, so do others. But the same can also be applied when there are struggles or challenges. If you’re looking to start your own business , you’re in for a real adventure. As a new business owner, or someone who is looking to step into entrepreneurship in the near future, it’s important you’re clued up on the latest insights and developments in the business world - as what’s going on in the wider industry could benefit or impact your new venture. This knowledge can give you the confidence boost you need to make informed decisions as a business newbie. We’ve put together this small business report as a point of reference, covering small business numbers, survival rates across the UK and trending industries. With this insight, you should feel better equipped to embrace entrepreneurship and prepared to make the right decisions on next steps for your small business. What is the definition of a small business? As for a small business definition, typically speaking a small business is a corporation, sole proprietorship or partnership with a small number of employees and often a lower average annual revenue than larger businesses. According to the government, an SME is an organisation that has fewer than 250 employees and a turnover of less than €50 million , or a balance sheet total of less than €43 million. How many small businesses are in the UK? The UK certainly isn’t short of small businesses, in fact, SMEs account for 99.9% of the UK’s business population, with approximately 5.54 million registered SMEs on Companies House in 2023. It might be surprising to some that most businesses in the UK are very small, with 74% of registered SMEs running with no employees. We’ve delved further into the latest data from Companies House, looking back over the last 10 years to evaluate how the business landscape has changed over time. How has the business landscape changed over time? We looked at both VAT registered and unregistered businesses to give a clearer picture of the landscape - before we dive into the data, we’ll explain the difference. You’ll need to register for VAT if your total VAT taxable turnover for the last 12 months was over £85,000, or if you expect your turnover to go over that amount in the next 30 days. If this applies to you, you can register for VAT online . Of the 5,555,100 businesses on Companies House in 2023, there are 2,914,100 businesses (with 0 employees) not VAT registered, and 1,196,000 businesses (with 0 employees) VAT registered - seeing fewer small businesses with a VAT taxable turnover than not. Since 2013, the UK has seen year-on-year increases in the number of businesses registered, almost every year, highlighting a growing business landscape. Only three of the past 10 years saw percentage decreases in the number of businesses vs the previous year - 2018, 2021 and 2022. The dip experienced in 2018 appears relatively small at -0.5%, but equates to the UK being home to 27,000 fewer businesses. This is very likely due to the impact of the stock market index suffering its worst year in a decade , with a number of economic worries concerning investors, which hit companies with 1+ employees more than those with no employees. The number of UK businesses in 2020 saw a year-on-year increase of 1.9% from 2019, with non-VAT registered companies with no employees seeing the biggest growth (2.6%), likely influenced by the Covid-19 pandemic which saw a spike in startups. One reason for this rise in entrepreneurship was due to an increasing demand for medical supplies during the pandemic, with June 2020 seeing a 400% month-on-month increase in the number of new startups offering ‘disinfecting services.’ 2021 saw the biggest decline year-on-year, with 6.5% fewer businesses operating compared to 2020. The largest decrease was seen in the number of businesses with no employees, which weren’t VAT-registered - the businesses with smallest turnovers. It’s well known that a number of industries struggled to make it through the pandemic , with the restrictions enforced by the government, changes to travel and shopping habits having significant impact on businesses. 2022 saw a fall in the number of businesses by 1.5% compared to the previous year. This slight decrease may be influenced by the rising cost of living in the UK, with factors such as the Covid grant schemes coming to an end , and increased energy bills and rising inflation affecting budding entrepreneurs. For instance, 41% of trading businesses reported a rise in the price of goods or services bought in December 2022, compared to November. But before you let any doubts slip in, it’s important to note that there has been a notable increase in the number of businesses in the past year, with a year-on-year change of 0.8% between 2022 and 2023, or 46,200 more registered businesses (looking at business numbers as they stand in October 2023) - a rise for the first time since 2020. This rise has been led by the number of businesses with no employees that are not VAT-registered, which increased by 2.9% in the past year. With this in mind, you could be choosing a good time to make your business dreams come to life. It’s worth noting, there’s always going to be a risk; keep an eye on what’s going on in the current economy, including any projected impact from the government’s budgets to help you decide when the time is right for you, to maximise chances of small business survival. Small business survival rates in 2023 According to research by Fundsquire, around 20% of businesses fail within their first year, and 38% of startups fail due to running out of funds. But rather than letting these statistics put you off chasing your dream, why not use them to motivate you? We know you have what it takes to succeed. In fact, of the 531,312 businesses set up in 2013, 30% are still thriving in 2023 - a whole decade later! And while it’s said that just over a third of UK startups make it beyond five years , when looking at businesses formed in 2018, an impressive 47% of those companies still exist today. It appears that survival rates are on the rise in the early stages of business life too, with 88% of businesses set up in 2022 still operating in October 2023 - up from an estimated 80%. This could be due to the ever-evolving digital world providing resources and opportunities, to reduce risk, as well as the industries entrepreneurs have been choosing to opt for. Fastest growing industries for UK small businesses Knowing which industries have the highest business growth rate could steer you in the right direction, especially if your business idea isn’t yet set in stone. We’ve explored the fastest growing industries in the UK to offer some inspiration for which industries to research further to help solidify your decision. Whether that’s capitalising on a growing industry itself, or through seeing similar patterns in another industry and predicting its advancement to come. When looking at which industries are growing longer term, over the past five years, the manufacture of other non-metallic mineral products came out on top, with an impressive 172% increase in the number of businesses in the UK. This covers a broad range of manufacturing from construction and architecture supplies, to ceramic and clay goods or even packaging supplies. Other contenders for the fastest growing industry include wholesale trade (excluding motor vehicles and motorcycles) with a 70% increase over five years. As the retail trade industry sees growth, wholesalers and manufacturers will also benefit, to supply these businesses with stock. The manufacturing of chemicals and chemical products industry is also a top industry for growth, experiencing a 60% increase in the number of businesses over the past five years. This is quite a broad category too which includes everything from cleaning products, to essential oils, paints and dyes, fertilisers and industrial gases. Whilst some of these divisions are quite broad, it appears retail and manufacturing industries are seeing positive signs in the number of entrepreneurs starting new ventures - which could be a hint that these are ones to explore. If you’re interested in exploring these categories further, you can find all of the government SIC codes here and explore which businesses come under each category using the database search on Companies House . It’s important to remember that growth and demand can change year-on-year, depending on a range of factors. Take for instance ‘Residential Care Activities’, this industry saw a 54% rise in the number of businesses registered over the last five years, however, in the last year there has been a 14% decline. The need for residential care is still evident , but the economy, lack of government funding and cost of living might be having an impact on survival rates over the past year, showing how multiple factors can come into play. Looking specifically at the last year, the travel agency, tour operator and other reservation service and related activities industry has seen the biggest growth in terms of the number of businesses registered, at 12%. Despite the disruptions to travel experienced over the past few years, the industry is growing again, and with over half of people in Britain planning to spend more on travel in 2024 , this might continue to be an area in which we see more new businesses over the coming years. Sewerage was the industry seeing the second highest growth in business numbers over the past year with 11% growth, followed by companies in manufacturing of coke and refined petroleum products at 8%. Advertising and market research also made the top 10, with a 5% increase in the number of businesses registered in the past year, aligned to the steady growth being seen in advertising this year, and predicted for next year too . The UK locations where the most small businesses were started Wondering where in the UK is seeing the largest growth in small businesses? We’ve analysed Companies House data on a regional level to see which areas have seen the most small businesses (with a company size of 0-49 employees) formed over the last decade. Before jumping into the findings, it is important to note that as we live in a digital age, depending on the industry they operate in, some businesses could be serving customers further afield, not just in their local area. Outside of London, the East Midlands has seen the largest growth in the number of small businesses. In 2013, the East Midlands saw 313,100 small businesses registered, and 378,800 in 2023 - a 21% increase over this 10 year period. This impressive growth may have been influenced by the UK government’s Levelling Up initiative, which has invested over £1.2 billion in projects for locals and businesses across the East Midlands. Other top-performing regions for the number of small businesses include the North East and West Midlands, which have both seen an increase of 16% over the past 10 years. To delve further into the UK hotspots for new businesses, we’ve explored which local authorities have seen the highest business survival rates over the past 10 years. This data should shine a light on which locations may offer you a stronger chance of success for your new venture. Edinburgh takes the top spot with a 51% survival rate for businesses started in 2013, and a 59% survival rate for those started five years ago, in 2018. This higher than average survival rate could be due to a number of factors, such as the graduate pool from the city’s four universities, including one of the world’s top universities, the University of Edinburgh, as well as the city’s innovation and local support for businesses. Herefordshire came out second with a 49% 10 year survival rate. The local council in this part of the UK holds quarterly business briefings and six-monthly face-to-face business meetings to support local businesses which could be paying off. Winchester rounds out the top three with a 46% 10 year survival rate for businesses registered in that local authority area. Just like in Herefordshire, Winchester council has an offering to support small businesses too, with training, networking, mentoring and one-to-one business advice. It’s worth looking into what your local council has on offer for businesses, and considering how this could support the success of your venture, in whichever industry you choose to pursue. Fastest growing industries for UK small businesses by region The most common industries that have encountered the most growth across regions over the last three years are retail trade and real estate. In 2023, retail trade has been the most popular industry for newly registered companies across the majority of the regions. However in the East Midlands, East of England, North East and South East, real estate took the top spot as the most common industry - unsurprisingly, given the vital role that real estate plays in the UK’s economy. In 2022 alone, the real estate industry generated a turnover of over £65 billion . However, when looking at the most distinctly popular industries - the industries seeing regional growth at a rate above the national average - there largely appears to be a shift depending on location. In 2022, crop and animal production took the top spot for the most distinctly popular industry, in both the South West and East Midlands. In the East of England, the farming industry produced a total income of £1.1 million - an impressive 82% increase since 2018. Considering over four in 10 Britons said they’re more likely to buy British produce as a result of Brexit , there may be an increased demand for local farming across Britain. As an upcoming business owner, keeping an eye on the news and economic change can help you prepare your business should it be impacted by world events and changes to consumer preferences. In both the West Midlands and North West, postal and courier activities were the most distinctly popular industry for new businesses in the past year. The rise in demand for couriers has significantly increased following the Covid-19 pandemic, with many shoppers turning to online shopping for the first time. And despite the current cost of living crisis, 63% of businesses surveyed by YouGov reported the demand for delivery services increased in October, November and December 2022. This increased demand allows businesses to fulfil the needs of their customers, who are likely seeking the convenience, faster delivery and advanced tracking of their orders that online delivery services deliver. Keeping an eye on consumer trends will help you adapt your business, target your customers’ needs and join an industry which is set to grow. Conclusion Starting a business takes hard work and commitment, but the rewards are second to none. If you’re looking to make your mark on the business world, we hope our small business report has shed some light on the latest trends and insights across the UK. Here are some key takeaways to bear in mind, as a budding entrepreneur: Keep an eye on consumer trends and political change, so you can tailor your business offering accordingly to meet the needs of your customers. Look out for local government support to give your business a boost, such as Levelling Up, in which the UK government is investing £13 billion in local businesses across the country. If you haven’t yet decided on the industry you’re going to operate in, it may be worth exploring industries that are in high demand, particularly those in your region or city. Ready to step into those new boss shoes? We believe you’ve got what it takes. If you’re ready to form your business, check if your business name is available and we’ll help you get started. If you’re setting up a limited company or limited liability partnership (LLP), we’ll also register your company with Companies House, completely free of charge (it usually costs £50), so you have less to worry about. Methodology The data was gathered from Business Population Estimates statistical series and Companies House . Business survival rates were estimated based on the number of companies registered in a given year that remain active and/or open (as per Companies House search filters), compared to the total number of companies incorporated in that year. Company counts by industry correspond to the number of companies registered under a given Standard Industrial Classification (SIC) code, aggregated to the level of Division. Most common industry among newly registered companies represents the industry division with the highest number of companies registered in a given year and location. Most distinctly popular industry among newly registered companies was calculated using location quotient – a measure of how much more popular a given industry is in a given region, rather than nationally. Industries that had the highest share of businesses in a given region compared to the national average were deemed the most distinctly popular. For example, 2% of all businesses registered in Wales in 2023 were in the Accommodation industry - 2.8 times higher than 0.7% of businesses that were registered in that industry in the UK that year. Accommodation's location quotient was, therefore, 2.8 and as that figure is the highest of all industries in Wales, it was deemed the most distinctly popular industry in Wales in 2023. Data was collected in October 2023. Author bio Lucy Hancock is an experienced finance writer, having previously worked for Staysure Travel Insurance before working at MoneySuperMarket where she specialised in all areas of personal finance, from credit cards and loans to pensions and retirement planning. Having worked in digital marketing for several years, she’s passionate about the value small business marketing can bring to those looking to grow their businesses. She has written extensively across all areas of business and personal finance, to help business owners like you make informed financial decisions. Recommended Readings

Partnering with industry leaders like Zempler Bank, Crunch, and Simply Business, SUAZ provides comprehensive support for your startup journey. Get started now! Our Trusted Partners We’re a startup agency, and we work with industry experts to give you the best support to help you succeed. Find Out More Find Out More Find Out More Find Out More Find Out More Find Out More Find Out More Our mission is to give you the best chance of success. After all, we’ve been in your shoes. We don’t just form your company; we offer you ongoing support, guidance, feedback, business planning structures and techniques that will allow your company to grow in the long term. In turn, as our clients’ businesses grow, they trust us to connect them with vetted and approved suppliers on our B2B marketplace platform, Business Support Club . We directly measure our success by using the only metric that matters: your success. Some businesses will fail, that’s the nature of taking a risk. But by following the SUAZ method , you’ll be better placed than anyone who forms a company today not using us.

Find out what PO Box alternatives are available in the UK. Start Up A-Z is here to guide you on the best and cost-effective address solution for your business. PO box alternatives for UK small businesses 12 min read Virtual Office Table of Contents Categories The benefits of using a PO box Secure and private option Mail handling More flexibility in case you move The cons of using a PO box The cost Reduced access Service limitations Restrictive PO box sizes The benefits of using a PO box alternative A virtual office address is cheaper Provides a professional business address Efficient and convenient mail handling Additional services like meeting room access Flexible contracts Try an alternative to a UK PO box Mail handling Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office There are a lot of big decisions you’ll need to make when starting a business. The more obvious considerations include your business name , your business structure and how you’ll fund your business plans. But another key decision to make is how you’ll protect your privacy when starting a business. To avoid registering a business at their home address, many entrepreneurs opt for using a PO box to receive business correspondence. But there are several PO box alternatives in the UK that are worth thinking about, especially if you’re looking for a cost-effective solution to manage your business mail. Looking for an alternative to a PO box in the UK? A virtual office address may suit you. Below, we’ll weigh up the pros and cons of using a PO box, and why a virtual office address may be the best option for your new venture. The benefits of using a PO box The PO box (Post Office Box) is a key part of the UK’s postal system, allowing you to maintain your privacy by having your mail sent to a secure, lockable box usually found in a post office. Below are some of the key benefits of using a PO box as a small business. Secure and private option If you register your business to your home address, your customers or clients will know where you live. A PO box allows you to have a separate postal address so you can keep your personal and business life separate and retain your privacy. Mail handling Should you go on holiday or be away on business, you’ll have the peace of mind that your business mail will be sorted and secure while you’re away. Unlike using your residential address for your business, with a PO box you avoid issues such as lost or misdelivered mail, as you won’t need to be there to receive it. More flexibility in case you move Should you expand or relocate your business and move to a different city or even country, you can keep the same mailing address to avoid confusing your customers. The cons of using a PO box While there are numerous perks to using a PO box for your business correspondence, there are several cons to consider which could be alleviated by using an alternative option such as a virtual office address. Here are some potential disadvantages to keep in mind: The cost Chances are you’ll want to save as much money as possible as a new business. After all, you’ll have plenty to pay for to get things up and running. While convenient, PO boxes aren’t cheap, costing just under £300 a year for the most basic, manual collection option. For PO Box Deliver, where Royal Mail can deliver your PO box mail to your home address, you’ll be paying over £400 a year . Opting for a virtual office address could be more affordable , costing as little as £99.99 per year . You can even test the waters before committing to a virtual office with our one-month free trial period. Reduced access PO boxes are locked 24/7 but this doesn't mean they’re always accessible. Not all post offices are open 24/7, which means you’ll need to collect your business mail within their opening hours. Mail will also need to be collected by the business owner too, meaning you can’t trust an employee to collect it on your behalf, which may be limiting, especially if you work remotely or travel regularly for work. Service limitations PO boxes often lack the additional services that you may require as a business owner. You’ll miss out on features like digital mail forwarding, post mail forwarding, a pick-up service and integration with digital platforms that you’d receive with a virtual office address . Restrictive PO box sizes You can get PO boxes in various sizes, but the bigger your PO box, the more you’ll need to pay for it. You may find PO boxes restrictive if you regularly receive larger packages, as the largest PO box is only likely to fit a handful of parcels at a time. The benefits of using a PO box alternative Not sure whether a PO box meets all your business needs? You’ll be pleased to know that there are PO box alternatives in the UK that offer you the same range of benefits as a PO box for a fraction of the cost. If you’re in need of a business address but want to save the cost of renting a physical office space , a virtual office address may be the ideal solution for you. You’ll get your business’ name on the map without needing to use your home address, so you can retain your privacy while still establishing your professional image. Here are some of the key benefits of opting for a PO box alternative like a virtual office. A virtual office address is cheaper A virtual office is a more cost-effective option for numerous reasons. Rather than paying to rent a physical office space to benefit from a business address, you can use a virtual office address and work from anywhere you choose. You won’t need to pay for office rent, maintenance or furnishing costs either. Should you need to get together with your team or clients, our Premium package offers 30-minute use of our meeting room each month for you to collaborate in person. Then there’s the cost of a virtual office itself, which is significantly cheaper than paying for a PO box. Our Basic package is just £9.99 a month and you can even try before you buy with our one-month free trial period. While you can pay monthly for a PO box, there is a minimum term of 3 months you’ll need to commit to. If you’d prefer to pay annually, our Basic package is just £99.99 a year and our Professional package is £189.99 a year - significantly less than the annual cost of a PO box being just under £300 a year , and over £400 for PO Box Deliver . Provides a professional business address Your virtual office address isn’t just for receiving business mail. You’ll gain a professional business address that can represent your business across your various marketing platforms, website, company letterhead and email footer. Having a professional business address can also boost your image. Rather than using your home address , you’ll have a business address that can make your new company appear well-established and successful. By opting for our Premium package, you’ll also be able to use your virtual office address as your official trading address for all your business transactions. Talk about convenience. Efficient and convenient mail handling With a virtual office address, you’ll gain more than just an address to send mail to. You’ll also benefit from mail handling services to keep your mail organised and accessible wherever you are. Once your mail reaches us here at SUAZ, we’ll scan it and send the copies directly to your inbox so you can keep up to date with your business correspondence wherever you are. Additional services like meeting room access Alternatives to PO boxes such as virtual offices supply other benefits for your business too, such as meeting room access. Being able to use a meeting room could benefit your business, especially if you otherwise operate from home. You’ll have an office space you can use to brainstorm business ideas, collaborate with employees and meet with clients, without needing to pay any rental costs. You’ll benefit from the convenience of having an office space rather than needing to find and pay for a co-working space, and you’ll appear professional to your clients. For just £39.99 a month, you’ll get to use our meeting room for 30 minutes each month as part of our Premium package. Flexible contracts As we mentioned earlier, while you can pay monthly for a PO box, there is a three-month minimum term meaning you’ll need to commit to three months’ of payments to decide if it’s the right option for you. Whereas, with a virtual office, you’ll access a flexible, cost-effective solution. You even get a one-month free trial period to see whether virtual office suits you before committing to it financially. This flexibility reduces financial risk for your new business, as you won’t have the burden of a lengthy contractual agreement. Here at SUAZ, we offer a range of virtual office packages to suit different types of businesses. As your business grows, you can always change your package depending on whether you need more or fewer features so you’re only paying for services you actually use and benefit from. What’s more, you can choose between paying monthly or annually depending on your unique, financial circumstances. This level of flexibility can significantly benefit startups looking to manage their budgets while looking to develop their professional image. Try an alternative to a UK PO box If you’ve been asking ‘Do I need a PO box?’, chances are you’re looking for a solution for your business’ mail. If you’re looking for a convenient and flexible way to manage your business’ mail, a virtual office address may suit you best. Not only will you benefit from mail scanning and forwarding services, but you’ll also have a business address you can use to get your name on the map. It sounds like a no-brainer to us. Looking for an alternative to a PO box in the UK? SUAZ’s virtual office solution can tick all the boxes, helping you manage your mail and boosting your professional image too. Take a look at our virtual office packages to get started. Recommended Readings

Are you debating whether a business bank account is necessary? Start Up A-Z highlights the advantages and reasons why your venture can benefit from having one. Do You Need a Business Bank Account to Operate? 7 min read Start-Up Finance Table of Contents Categories Do You Need a Business Bank Account to Operate? What is a business bank account? Who needs a business bank account? You need a business bank account You don’t need a business bank account What are the benefits of a business account? Disadvantages of a business bank account Using a personal bank account for business Choosing the right business bank account Take control of your business’ finances with Cashplus Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Currently in the process of setting up your own business? Congrats! This is an exciting new chapter in your life, bursting with opportunities, excitement and probably a few nerves too. During your research, it’s likely you’ve asked yourself, ‘Do I need a business bank account?’ We’ve put together this handy guide that will answer just that. Let us guide you as we explain whether a business account is essential, its benefits and how to go about choosing the right one for your business. What is a business bank account? A business bank account is a bank account designed for businesses; from sole traders to limited companies . It works in a similar way to your personal bank account, by allowing you to send and receive money, but also grants you access to other features exclusive to business owners. You’ll be able to carry out transactions in foreign currencies and process salary payments, making your life as a business owner that bit easier. Planning to take out a business loan later on? Opening a business bank account can also help you boost your business’ credit rating, improving your chances of acceptance and a competitive interest rate when it comes to borrowing. Who needs a business bank account? So the question is, do you need a business account? Whether you legally require a business bank account or not will depend on whether your business is legally separate from you. Looking for more detail on business bank accounts? Read our article - Do you need a business bank account? - for more insight. You need a business bank account If you’ve set up, or are looking to form a limited company in the UK, you’ll need a business bank account. This is because a limited company is treated as a separate legal entity to you and other business owners, so you shouldn’t use your personal bank account for its finances. As a limited company, your business is considered an ‘individual’, so it’s important to keep your finances separate from your business’ finances. Want to read more about this? Read our guide on limited liability here . You don’t need a business bank account If you’re a sole trader, freelancer or contractor, you don’t need a business bank account. This is because you’re considered self-employed, so your business isn’t legally separate from you. But, if you’re looking to keep your business’ income separate from your personal finances, having a business bank account may make sense from a business perspective. What are the benefits of a business account? If you’re weighing up whether to open a business bank account, these advantages may win you over: Organisation: Having a business bank account can make you feel more organised and in control of your business’ finances. When it comes to filing your tax return each year, your business transactions will all be in one place, rather than being mixed up with your personal spending. Having a business account makes it easy to keep track of your business’ cash flow and expenses so you can complete your tax return with ease. Professional image: Giving your customers or suppliers your business bank account details can help boost your business’ professional image, helping you to look established and trustworthy. Exclusive features: From processing salary payments to carrying out transactions in foreign currencies, a business bank account can offer you a range of features to support your business. Disadvantages of a business bank account While setting up a business bank account can keep your business’ finances in order, there are some downsides to consider too. Here are some potential disadvantages to having a separate account for your business: Admin: With double the bank accounts, you’ll have twice the amount of admin to take care of. That means more cards, statements and paperwork to deal with. It may be worth keeping on top of admin regularly, rather than only when your tax return is due, to save you time later. If you’re a basic-rate taxpayer, it can be a good idea to put around 30% of your profit aside for tax and national insurance, and around 40% if you fall into the higher-rate band. Fees: A personal account is completely free, whereas business accounts usually charge a monthly fee of around £5. It’s likely you’ll also be charged for withdrawing money and cash deposits. Using a personal bank account for business So, do you have to have a business bank account? That ultimately depends on the type of business you have. If you’re a sole trader, you can continue to use your personal bank account for your business, but you may prefer to have a business bank account to keep your finances separate. Whereas, if you have a limited company, you aren’t able to use your personal bank account for your business. By forming your company with Companies House, your business is treated as a separate legal entity to you, so you must keep your personal and business’ finances separate. As mentioned previously, keeping your personal and professional transactions separate can often be beneficial anyway, making it easier for you to track your spending and keep on top of your finances. Choosing the right business bank account Choosing the right business bank account is an important step in your journey as an entrepreneur. After all, it’s where your hard work will accumulate, so you’ll want to make the right choice. Some factors to consider when choosing a business bank account include: Fees: As mentioned, business accounts charge a fee, usually per month. While some banks advertise free introductory offers, make sure to research how much you’ll be paying long-term. Factor in how much your account will cost you and how you plan to use the account to figure out if the fee makes sense for your business. Protection: Make sure to check that the money you deposit into your business account is protected under the Financial Services Compensation Scheme (FSCS). This means should the bank your account is with go bust, your money will be protected up to £85,000 per person, per financial institution. Features: Your business bank account will come with various additional features, so make sure to keep an eye out for those that would benefit you most. Key features may include a mobile app to keep track of your money, being able to attach receipts to transactions and being able to categorise your spending. Take control of your business’ finances with Cashplus Starting your own business is an adventure like no other, but not without its challenges. Keeping track of your budget and business spending can feel complicated. But with the right business bank account, you can gain clarity and control of your business’ money matters. We’ve partnered with Cashplus Bank so you can tick another thing off your to-do list and know your business’ finances are all taken care of. Their business account is fully FSCS protected and FCA regulated - what’s more, you could apply and get a decision in minutes, with absolutely no monthly fee. When you form your company with SUAZ, we’ll submit your application to Cashplus Bank on your behalf as soon as your company is ready to go, with no additional paperwork. Talk about organised, right? Set up your small business bank account today. Recommended Readings

Read the essential points and strategy to include when writing a buy to let property business plan. Learn how to structure this crucial document. How to write a buy to let business plan 12 min read Beginner's Guide Table of Contents Categories What is a property business plan? Creating a property business plan Section one - assess your current position Section two - set goals for a buy to let business Section three - set your buy to let strategy Top tips for writing a buy to let business plan Build out the cash flow Consider how you’ll be taxed Speak to experienced property investors Start your business journey with SUAZ Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Caught the entrepreneurial bug? Congrats! Starting your own business really is an adventure, where no two days are the same. If you’ve got an eye for detail, and a passion for property, you may be looking to start a buy to let business. Whether you’re a seasoned investor or new to the real estate industry, a comprehensive business plan is vital. For you to take the property industry by storm, you’ll need to write a buy to let business plan that outlines your goals. In fact, many banks will ask to see your business plan as a condition of giving you a business loan . We’ve put together this complete guide on how to write a business plan for a rental property, so you know how to approach each section. With your property business plan in hand, you’ll be ready to take the next steps toward building a successful and profitable property portfolio. What is a property business plan? In simple terms, a property business plan is a written document outlining what you hope to achieve as a business owner and how you plan to get there. You can think of your business plan as your business road map, detailing your company’s strategy and goals, and the steps you’ll take to achieve them. If you’re looking to apply for a business loan, it’s likely that your bank will ask to see your business plan before agreeing to lend you the money. This is because they’ll want to see how you plan to pay off the money you owe. Some of the key elements that should be covered in your buy to let business plan include: Where you’re at: Explain your current financial situation and any costs you anticipate Goals for your business: What does success look like for your business? Make sure you relate this back to financial projections Your strategy: How are you planning to run and grow your business? Explain your business structure and how you’ll operate day-to-day Creating a property business plan There’s no right or wrong way to create a business plan. As long as you cover the key elements and express your passion, you’ll be well on your way to success. The key to a successful property business plan is thorough research, so you have a list of what to include. Below, we’ll explore the key considerations you should include, step by step. Section one - assess your current position The first step in putting together your buy to let business plan is to evaluate your current position, so you know what you need to succeed. Try to assess the following areas: Your current financial circumstances: Assess your personal finances, including any debts and liabilities, as well as savings and other income sources. Do you have any financial commitments that could impact your ability to invest in property right now? Evaluate any potential risks, such as cash flow changes or unexpected expenses, and how they may affect your personal finances and stability. Your motivation for starting a business: Clearly define your motivation for starting a buy to let business, whether that be financial independence or simply a passion for property. What are your short- and long-term goals? Your available finances: Do you have the funds available right now to start your business? It’s important to have complete visibility of your savings, investments and any other finances you can allocate towards starting your enterprise. Calculate your initial costs to get things going and whether your current finances are enough, or if you’ll need additional funding. Additional funding: If you need additional funding from investors or a business loan, you’ll need to work out where this money will come from. Explore options like bank loans, private investors and crowdfunding, and make sure you understand their repayment schedules. Your skills: Assess your skills and knowledge around property management - if you’re missing any key skills such as real estate law and tenant management, you could look to take a course or contact someone experienced in the industry for advice. How you’ll manage your properties: You’ll need to make decisions about how you’ll manage your properties. Will you manage them yourself, or have help from others? Section two - set goals for a buy to let business Setting realistic and measurable goals is crucial for your business’ success. These goals are what you’ll work towards, allowing you to stay focused with measurable benchmarks to help you track your progress. First, you’ll need to make sure your goals are realistic and achievable with the resources you have. For example, you could have a financial goal to own a certain amount of properties. If so, you could mention this in your business plan and the steps you’ll take to achieve this, as well as how much money will be required to fulfil this goal. Initially, you’ll want to aim for a manageable amount of properties that you can not only keep on top of, but afford. Consider how you’ll manage your portfolio as it grows - the more properties you acquire, the more work it will take to maintain them. You may need to hire a property management company to handle day-to-day maintenance and operations. Take a look at our how to start a property business guide for more details. Other business goals you may look to aim for include: Pension pot: You may use your property portfolio as a way of building a retirement fund. Set goals that align with your retirement planning, such as owning a portfolio of debt-free properties by retirement age. Financial independence: If you’re looking to achieve financial freedom, explain what that means to you. Perhaps you’ll want to cover all your outgoings with your buy to let income, or perhaps retire early. Section three - set your buy to let strategy Writing out your buy to let strategy in your business plan is a crucial step in your business journey, serving as the blueprint for how you’ll achieve your goals. Of course, the strategy you take will vary depending on the type of property you invest in. What works for a residential property is likely to differ from a commercial property, for example. Some decisions you may need to make when writing the strategy section include: What is my price range for buying properties? What improvements or renovations will I make to increase value? How will I afford these improvements, and what is the expected ROI? Will I prioritise expanding my portfolio or upgrading properties? How will I manage properties? How will I market properties to appeal to tenants? Top tips for writing a buy to let business plan As we’ve mentioned, your business plan is your roadmap for success, detailing exactly how you’ll achieve your business goals. There are further considerations to include when writing your property business plan, to ensure your company is in the best position for success, including: Build out the cash flow Building out a cash flow document, such as a spreadsheet, can help you assess how to get the best rental yield - the return on your investment relative to the price you paid for the property and ongoing expenses. You’ll also gain an overview of your expenses so you can make informed financial decisions. Doing so can help you review your expenses (such as gas certificates, legal costs and letting agency fees), to align with your business goals. Another key consideration is mortgage costs and interest rate changes. Monitoring your cash flow can help you to manage any changes to these costs. You can input your monthly mortgage payments, including interest, to understand how much of your rental income will contribute towards these payments. Remember, if you have a fixed rate mortgage, the interest rate will remain the same each month up to a set period of time - five years for example. After this period the rate may change which could increase your monthly repayments. Inputting different rate scenarios into your cash flow document can help you prepare for these potential changes. Consider how you’ll be taxed Once you’ve built your cash flow, you’ll need to consider how you’ll be taxed as a business and how this will affect you. When deciding on a business structure, you may sway towards forming a limited company rather than operating as a sole trader due to the potential tax benefits. For example, as a limited company you’ll pay corporation tax rather than the income tax you’d pay as a sole trader, which is significantly less. Take a look at our limited company vs sole trader guide for more information. Speak to experienced property investors Reaching out to experienced property investors can offer first-hand knowledge and top tips for starting a buy to let business, as well as the latest industry changes. Reach out to like-minded professionals on platforms like LinkedIn, attend industry events and conferences or even contact local competitors to build valuable connections. You could ask questions about how they structured their own business plans, and what they’ve done to ensure their business remains profitable and sustainable long term. Start your business journey with SUAZ Writing your business plan for a buy to let property is a vital stage in your entrepreneurial journey. From setting your business goals to solidifying your buy to let strategy, you’ll soon have a business plan that you can turn to as you embark on your exciting next chapter. Looking to start a property business? SUAZ can take care of the complicated stuff for you. With our help, you can form your limited company completely free of charge, with support there whenever you need it. So, what are you waiting for? Form your buy to let business today with SUAZ. Recommended Readings

Want to succeed in the food industry? If you're wondering how to start a food business, we've created a complete guide to get you started. Read more. A Guide to Starting a Food Business in 2024 10 min read Company Formations Table of Contents Categories Are you ready to start a food business? Can you start a food business from home? How much money do you need to start a food business? How to find your niche How to write a business plan How to build your brand Understanding food laws How to grow your food business How to hire the right staff Understanding costs Understanding postage and packing How to move your business to a business premises Get your food business cookin’ today Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Do you pride yourself on being a proper foodie? If you have what it takes to cook up a storm, starting a food business in the UK could be life-changing. Nothing beats becoming an entrepreneur, and deciding on an industry is often one of the first hurdles. So if you’re set on starting a food business, you’re already well on your way. We’re not going to downplay it - starting a business can feel like a minefield . From opening a business bank account, to getting to grips with all the jargon, there’s a lot to familiarise yourself with. That’s why we’ve put together this guide. We’ll cover exactly how to start a food business, so you can embrace your new adventure with open arms. Are you ready to start a food business? As you may expect, starting a food business in the UK takes a lot of commitment and is quite the lifestyle change from the standard 9-5. Becoming an entrepreneur requires patience and determination - after all, your business may not make the profit you want overnight. You may need to work long hours to get your business off the ground and will need to prepare yourself for less free time. There’s also the legal side to consider - you’ll have to study the regulations that surround the food industry and ensure you adhere to them. If you’re ready to embrace the unknown and have the determination to succeed, there’s nothing to stop you from achieving your business goals. There’s no better feeling than starting a business - in fact, 82% of small business owners said being their own boss is the top perk. Starting a food business can open the door to flexible working hours, financial freedom and the immense pride you’ll feel in calling yourself a business owner. If you feel ready to start a food business, what’s stopping you? There’s no limit to what you can achieve. And for the support to get your company up and running, the experts here at SUAZ would love to guide you through the process. Can you start a food business from home? While starting a food business from home is certainly possible, there are factors you’ll need to consider when deciding if it’s the right choice for you. Even if you don’t consider yourself a food business, but provide people with food on a regular, organised basis, you are seen as a food business under food law. This means you will need to ensure you’re following the laws outlined by the Food Standards Agency. Here are some factors to keep in mind if you plan to start a food business from home: Check you have permission: Planning to run your food business from home or on domestic premises? You’ll need to make sure you have permission from your mortgage provider or landlord. If you’re looking to make major alterations to your home to get your business set up, you may need permission from the local planning office. It may be worth checking with the local council whether you need a licence to run your business. Take a look at the government’s rules around running a business from home for more information. Suitable premises: While you may love nothing more than cooking for your family in your home, you’ll need to make sure it’s suitable to run your business from. Your home must be kept clean and in good condition. Make sure you have enough wash basins for everyone working to wash their hands regularly, and that surfaces are regularly disinfected. Food safety: Want to make sure you’re adhering to best hygiene practices? You could look to take a food safety training course. There are several food safety courses online for you to explore, including free allergy training where you can learn how to manage allergens in your kitchen. How much money do you need to start a food business? Before you commit to starting your own food business, you’ll need to make sure you have the funds available to bring it to fruition. While starting a business is a significant investment, with the average budget for new UK startups being £5,000 , the possibility of financial gains is second to none. A great place to start to help you estimate the costs of your new venture is by writing a business plan . Your business plan is a written document that details how your company will operate, its objectives and how you plan to achieve them. In simple terms, your business plan is what success looks like for your company. A key section in your business plan is around your finances - after all, without a profit, your business is likely to struggle. It may be worth making predictions around how much profit you expect to make, and any potential losses you envision. From there, you can calculate your equity by subtracting any money you owe from what you own. If you’re looking to apply for a bank loan to give your business a boost, banks will often ask to see the finances section of your business plan to understand your financial situation and ensure you have the means to pay back what you owe. It’s often a good idea to overestimate the amount you’ll need. Expenses can always rise, particularly with inflation, so it may be worth overestimating the cost of something to avoid any panic further down the line. How to find your niche Finding your niche when starting your business can help you stand out from your competitors and attract loyal customers. When it comes to finding your niche, asking yourself what your skills and interests are is a good place to start. Perhaps you pride yourself on your hearty home-cooked meals, or maybe you’re a star baker whose cakes are always well-received. Choosing a cuisine or style that you love to cook will make your work even more enjoyable, and give you the drive to succeed should you face any roadblocks further down the line. Another great way to identify your niche is by looking for gaps in the market. Are there any cuisines or dietary options that are missing in your area? Perhaps you’ll offer a unique dish no one else has thought of, or commit to sustainable business practices. Whatever your niche, setting yourself apart from your competitors is sure to make your business thrive. Remember that finding your unique selling point (USP) won’t necessarily happen overnight - don’t be afraid to experiment and adapt your niche to connect with your customers. How to write a business plan As mentioned earlier, your business plan is a written document detailing all the plans and aspirations you have for your new food business. While writing a business plan may sound tedious, it’s an important step in your entrepreneurial journey and can help to set your company up for success. Our guide to writing a business plan covers the process in greater detail, but here are some considerations to get you started: Use data as evidence to back up your points. The more research you have to support your ideas, the more readers will be able to trust what you’re saying. Keep things simple. You don’t need to sound like the next Charles Dickens! Your business plan should offer a clear overview of your business’ goals, so the clearer you explain things, the easier stakeholders will find it to understand your ideas. Show your passion. Your business plan is your chance to showcase your drive and determination, so don’t be afraid to express how excited you are for your new adventure. Don’t rush. Take the time to know your competitors, your audience and your industry. The more time you spend writing, the more you’ll know your business inside out, so you’re prepared for all eventualities. How to build your brand Your brand is more than your company’s name or logo. It includes your stylistic choices, such as the colours used on your website, as well as anything that impacts your company’s image and reputation. The first step in building your brand is getting to know your target audience and what the market is looking like. Is there a recurring theme amongst your competitors? Perhaps all the food businesses you’re looking to compete with use similar colours or tone of voice across their social media or website. Try to position yourself in your customers’ shoes and what you’d resonate most with. Once you know what your customers are likely to expect or want from your brand, you can establish a brand personality. If your business were a person, what would they be like? How would you describe them? Alternatively, you may prefer to assign an animal or an object to represent your brand and the vibe you’re looking to give off. This can help you to identify the qualities you’re looking for your brand to represent. After all, your brand is more than the food you sell or the logo on your packaging. It’s the personality attached that makes your business feel human. Understanding food laws As a food business in the UK, it’s vital that you get to grips with the various food standards and regulations you must adhere to. Here are just some of the key regulations that underpin the food industry: Food Standards Act 1999: This act established the Food Standards Agency. Introduced in 1999, its purpose is to protect public health where food is concerned, by outlining various food safety standards . This gives the Food Standards Agency the authority to step in on behalf of the consumer at any stage of the food production process or supply chain. Food Safety Act 1990: This details all food legislation across England, Scotland and Wales . Its purpose is to ensure businesses don’t include anything in food, remove anything from food, or treat the food in any way that would damage the health of those eating it. Other areas covered include ensuring food labels aren’t misleading, and that food businesses sell food at the quality consumers expect. General Food Law: As a food business, you’ll need to learn the legislation around food imports and exports, safety, traceability, labelling, product withdrawals and product recalls. This is to protect human health and applies to all stages of food production, including the processing and distribution of food. How to grow your food business There’s no one-size-fits-all approach to growing your business. But with a strong business idea and the determination to succeed, there’s no limit to the growth you can achieve. Each business is different and what works for one may not meet the needs of another. While it’s easy to focus on increasing sales and the financial success of your new venture, the longevity and profitability of your business are just as important. Some ways you can look to grow your business include: Working with a business mentor who can support you and offer advice as you get your business off the ground. Look for funding opportunities such as new investors. Make use of customer testing (or tasting!) so you know what foods they love and which you should improve. Focus on customer retention to build customer loyalty. Make sure to prioritise strong customer service, engaging with your customers on social media, or even creating a customer loyalty programme to reward your customers for their purchases. How to hire the right staff When you’ve put so much work into your business, you’ll want to hire only the best team to bring it to life. But how do you hire the right staff for your business? First things first, make sure you have a clear job description that outlines exactly what you’re looking for. What skills will the person need? How much are you looking to pay? During the interview process, be sure to make detailed notes of the candidates’ strengths, weaknesses and their expectations of the role. Make sure to assess how well the candidate will fit in with the business culture you’re looking to create. This involves asking questions that go beyond their background or skills, and instead give a taste of their personality and values. That way, you’ll be able to assess who they are as a person and whether they’ll represent the ethos of your new business. Understanding costs To help you get an idea of what you’ll need to put money towards to get your food business off the ground, here’s a list of potential costs: Essentials: These are those purchases that your business won’t be able to proceed without. From hiring employees to investing in new cookery equipment, you’ll need to factor these costs in for your business to grow. One-off costs: The one-off payments you’ll need to make, such as Companies House’s filing fee which costs £50 to form your new business, or the cost of a top-level domain for your website. If you let us take care of the formation process for you, we’ll cover the cost of the Companies House filing fee for you - one less thing to think about. Ongoing costs: These costs are what you’ll pay for on a regular basis, such as your utilities, rent and business insurance. If you’ve taken out a business loan, you’ll need to keep on top of your repayments too. You may not want to register your business at your home address , but you still may want to avoid the cost of renting a physical space, our virtual office solution may suit you. You’ll have a business address right in the heart of Manchester to help you to establish your professional image, while keeping your home address private. Understanding postage and packing Looking to sell your food products for delivery? To keep your food in good condition and ensure it’s safe to eat, there are various postage and packaging rules you must follow. If you’re delivering food, it must be delivered in a way that keeps the food safe to eat. Looking to deliver food with your domestic vehicle? You’ll need to meet certain hygiene requirements outlined by the Food Standards Authority . It’s important you choose appropriate food-grade packaging for deliveries, so if food needs refrigerating, make sure to keep the food cool during transportation by using a cool bag, for example. If you’re sending food by post, you’ll need to package it securely so the food remains intact and safe for consumption. How to move your business to a business premises Once your business starts to thrive, you may find you out-grow your home workspace and need to invest in a business space. Before you rush into making big decisions, make sure a physical office space is the right choice for you. Remember you don’t need a business premises to appear professional or make your mark in the industry. If you’re looking to keep your home address private but want a business address to boost your professional image, a virtual office may suit you. You’ll get your business’ name on the map, and avoid those hefty office rental costs. If you do decide to make the move to a business premises, make sure to set a budget before you get your heart set on a space that’s out of your price range. After all, if you’re looking to move to grow your profits, it wouldn’t make sense for your outgoings to shoot up as a result. As a food business, make sure you choose a space that meets your needs such as enough cooking space for you and your team, and modern facilities that are easy to keep clean. Get your food business cookin’ today If you’re dreaming of becoming a business owner, what is there to stop you? Nothing beats the feeling of being your own boss… apart from sharing your passion and talent for quality food, of course. We have heaps of guide to help you out, including our complete guide to starting a business. Looking for support with your new chapter? Our expert company formation service can do the hard work for you, so you can focus on the important stuff like your exciting new start. Form your company with SUAZ today. Recommended Readings