Blog
Welcome to The Formations Company Blog. Here we’ll share the latest news and helpful tips to make starting your business a little easier. Whether you’re looking for information on how to chase an invoice, tax, marketing your business or just looking for inspiration, there’s something here for everyone.
Business Recovery Loan Scheme
According to numerous sources, the Business Recovery Loan Scheme is off to a slow start. In this article, we’ll discuss what could be causing businesses trouble gaining access to funding from the Business Recovery Loan Scheme and how businesses can improve their...
Business bank account delays – How to avoid them
A business bank account is mandatory when starting a limited company. A limited company is a separate legal entity, which gives the owner limited liability but also means that finances need to be kept separate. The problem business owners are facing now are lengthy...
Colin vs Cuthbert – The food fight that’s making headlines
You may have come across the brilliantly funny social media campaign from Aldi's Twitter account #freecuthbert. Or even seen news articles from some of the UK's top newspapers and tv shows about Colin the Caterpillar cake. We're here to help make sense of it all....
COVID-19 business interruption claims progress
What's the latest on business interruption claims? In January this year, the supreme court ruled that policyholders could have their claims for coronavirus-related business interruption losses paid. This has led to the FCA recently carrying out a test-case...
New Small Business Commissioner appointed to tackle late payments
According to the government’s website, over £23.4 billion is owed to businesses due to late payments in the UK. To help combat this, a new Small Business Commissioner has been appointed to lead the fight against this ever growing problem. Liz Barclay, the new Small...
What the budget 2021 means for limited companies
With the budget 2021 announced on 3rd of March, some significant changes are happening that will affect limited companies in the UK. Here’s our summary of key points that limited companies need to be aware of, including the increase of corporation tax. ...
Co-Working Spaces – The Way Entrepreneurs Work
Goodbye, 9 to 5. Flexible co-working is here to stay The number of co-working spaces worldwide is estimated to reach 25,968 by 2022. With an average increase of 2595 new spaces ever year, it’s clear that the co-working business is booming. Fuelled by the...
1 year since the GDPR, but what’s changed?
The introduction of the General Data Protection Regulations (GDPR) in the UK and EU was hard to ignore. Every business in the EU was forced to reevaluate the ways in which they collect, process and store personal data. But what has changed since it came into effect...
Choosing Business Broadband as an SME
Ditch the WiFi lag and switch to business broadband If your home broadband connection goes down, you’re probably just losing out on a few hours of Netflix watching or Facebook scrolling. If broadband cuts out while you’re running your business, on the other hand,...
Create a Business Plan to Attract Investors
The benefits of creating a clear business plan and sticking to it [br]As mentioned in our previous blog post How To Write a Business Plan, a good business plan will help you meet the financial goals you desire. A clear plan will include comprehensive market...