Category Archives: Recession

An Interview with Lord Young – Part Two

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An Interview with Lord Young - Part Two

In the first part of our interview Lord Young gave his opinion on what makes a great entrepreneur and his most recent initiative, Start Up Loans – and how it has created opportunities for small businesses which did not exist before. In this week’s post Lord Young gives his views on the possibility of a tech giant emerging from the UK and what he thinks of the EU (amongst various other things). Let’s get started. Continue reading

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A Visit to Number 10 Discussing Small Business Issues

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It’s not every day you get invited to visit Number 10 to talk ‘small business’ with senior advisors to the Prime Minister.

Outside Number 10!

So this week I was delighted to be selected by the team at Enterprise Nation who arranged the opportunity for 20 small business owners to get round a table (and a very prestigious and aged mahogany one at that) to discuss the real world challenges faced, day to day by small businesses.

Emma Jones, MBE and Founder of Enterprise Nation and Co-Founder of Start Up Britain is genuinely passionate about supporting small business and assisting those with the ambition of setting up on their own, to try it and more importantly, to assist with resources, information, education and support to succeed. The Made Simple Group has been working with Enterprise Nation, supporting their Start Up Guide and providing a Start Up Tracker for Start Up Britain – and the team at Made Simple – has a very similar ethos. It’s certainly a partnership of shared values.

So, I went to Downing Street wearing two hats:

1) My Made Simple hat – to share insights and understanding that we have gleaned from our start up and small business customers.

2) As a real world business owner – as well as being part of the Made Simple team, for the past 10 years I have run my own business, Carvill Creative.

Once through security, the 20 or so of us, were shown through to one of the state dining rooms – this was to be our meeting room. We were introduced to our hosts; Daniel Korski, Special Advisor to the Prime Minister on small business and enterprise and Matthew Hancock, Business Minister to the Prime Minister. Continue reading

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SEIS: Good News for Investors & Start Ups

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SEIS InvestmentsFrom small seeds grow great things and that’s certainly the thinking behind The Seed Enterprise Investment Scheme (SEIS). The scheme, brought in place by the Finance Act 2012, shall provide tax breaks for investors in new companies therefore encouraging investment in UK business.

Under SEIS investors can receive 50 per cent tax relief, a huge carrot to dangle in front of prospective backers. Naturally there are restrictions upon which companies qualify for investment. The company:

• Must not employ more that 25 people
• Must not have received more than £150,000 investment under the scheme already
• Must not already have assets worth more than £200,000

Further terms of note:

• The investment maximum is £100,000 per investor
• Investments can be spread over numerous companies
• Company Directors CAN invest in their own company
• Investor stakes can not exceed 30 per cent of the company

Chancellor George Osborne explains that the aim of SEIS is to “stimulate entrepreneurship and kick start the economy”. For more information on SEIS visit the official site.

This post was brought to you by Mathew Aitken at
Companies Made Simple – The Simplest Company Formation Service

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The Knowledgebase: Ever-Expanding Pool of Company Formation Information

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company formationLast Updated: 29/10/2014

If you have any question regarding forming or running a limited company, take a look at the Knowledgebase. We’re confident that you will find the answer.

The Knowledgebase is a hub of limited company information that we’ve collected over the years taken primarily from the different questions we are asked by our customers. It’s constantly evolving as we are posed new questions and as new company rules are introduced.
Take a look at the page now:

The Knowledgebase

This post was brought to you by Mathew Aitken at
Companies Made Simple – The Simplest Company Formation Service

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It’s not all Doom and Gloom in the Recession

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recessionAlthough the global economy is in a bad way, there is too much focus on ‘markets crashing’, ‘economic instability’ and ‘political turmoil’. It is easy to forget amidst all this bad news that there are businesses and individuals who are weathering the economic storm very well and their stories shed a little light on these dark times. Continue reading

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Always Have A Contingency Plan

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bsuienss planIt comes down to that age old saying: ‘if you fail to plan, you plan to fail.’ So are you prepared to face any disruption that could potentially harm your business? If there is one thing that many businesses will have learnt from last month’s riots in London and across the UK, an effective recovery plan must be in place to get business back on its feet quickly.

82% of managers view contingency planning as important but fewer than half of businesses (49%) are prepared for an unexpected threat. On the other hand 84% of businesses that had to fall back on their contingency plans found that business disruption was reduced and they recovered faster.

The research conducted by the Institute of Consulting and Chartered Management Institute (CMI) demonstrates how many UK businesses are leaving themselves vulnerable to unexpected events. Don’t be caught unaware – know who is responsible for particular aspects of the business, have an effective communication plan and make sure that company processes run smoothly in the possibility of an event which can damage your business – operationally and physically.

This post was brought to you by Alicia Sprott at
Companies Made Simple – The Simplest Company Formation Service

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Operation: London Clean-up!

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bethOn Tuesday Made Simple Group team members Beth and Mark volunteered to join the clean-up operation following the aftermath of the London Riots the night before. Below is their account of the day.

On Tuesday, Beth and I joined the hundreds of Londoners taking to the streets in a heroic attempt to clean up the mess caused by rioters and looters the night before. We worked our way from Hackney to Clapham Junction providing as much help to the community as we could along the way.

Starting off in Hackney, we walked through the streets of what could have been a war zone – as you have probably seen by the media coverage – with burnt out cars, shop windows shattered and huddles of locals mourning the devastation brought into their community. Council workers removed the cars and everyone got to work at clearing the street from the ash and debris that was left. Continue reading

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Affiliate Marketing Made Simple!

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affiliate marketing made simpleCompanies Made Simple has launched a site dedicated to affiliate marketing opportunities!

Our Affiliate Marketing Made Simple page outlines the various affiliate opportunities currently available, including:

• White Label Company Formation
• Sole Trader vs. Limited Company “widget”
• Affiliate Links

Over the coming weeks we’ll go into much more detail in regards to these fantastic opportunities, but for the time being, why not become accustomed with the site?

This post was brought to you by Mathew Aitken at Companies Made Simple – The Simplest Company Formation Service

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New Enterprise Allowance could help 40 000 new businesses

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The Government has launched exciting plans to expand the scope of the New Enterprise Allowance (NEA), which it hopes will create 40 000 new businesses by 2013. The NEA will provide up to £2000 to unemployed people who want to start their own business. The scheme will be available to twice as many people as was originally planned. It will give people who have been unemployed financial support for their early months of self-employment, access to a start-up loan, and an expert business mentor to help guide them through the first stages of business.

The scheme will be piloted in Merseyside, with the hope of being offered nationwide by autumn 2011. Recipients will receive their usual benefits for the first three months followed by a reduced amount for the next three months so that they can support themselves while they launch their businesses. There will also be access to start-up loans of £1,000 to help with expenses.

The government has recognised that small and startup businesses are crucial for rebuilding our economy, and this scheme is therefore a great step in the right direction.

This post was brought to you by Claudia Graham at Companies Made Simple

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3 year high for Start-Ups

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Promising figures recently released point to an increase in start-ups in the UK. Companies House have reported that 359, 651 new companies were formed from January to November 2010. This is a 12% increase on 2009.

The British Bankers’ Association have also confirmed around 570,000 companies set up bank accounts last year, the highest figure of the previous three years.


This post was brought to you by Mathew Aitken at Companies Made Simple

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