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Blog

Useful advise, tips and business news.

Blog

Useful advice, tips and business news.

Aug 7, 2014
May 5, 2021

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Personal impressions are everything

Spotting someone who is trustworthy is a very important skill in the business world. Personal impressions are everything in a business and go a long way.

In business you will come across many potential clients, suppliers and partners. It is very important to build a picture of that person before agreeing to work with them. Spotting someone who is trustworthy is a very important skill in the business world. The old adage of not judging a book by its cover can often be a wise and effective saying to call upon. However a new report is explaining that most people actually form a judgement of a person in a very quick time.Many people may think they are non-judgmental, however a report is now suggesting that we actually form a decision if we can trust them within a split second of first laying eyes on themResearch carried out by the New York University has suggested that human brains automatically compute the features of another person`s face upon first viewing. This then relays to us a judgment based on the appearance before we have had time to properly assess the persons face.

Need to improve the face of your business?

Your Virtual Office London has always helped smaller companies improve the face of their business. We provide professional business services to help improve the image you portray on your potential business clients and suppliers. It is a well-known fact people will form a judgment on a person and of a business, having a professional image is key to really succeeding in the market you are competing in.Your Virtual Office London provides prestigious business address and virtual office services to help sharpen up the small fledgling business. In competitive sectors having a professional image is a vital tool to help you build a thriving business. We provide key services to help with the progression of your company`s success. Services such as a London registered office address and business mail forwarding services in a prominent central London location will help to portray a professional image which will help your business increase is success and growth rate.Customers are very savvy when it comes to researching your business and doing their homework. Research has shown that a client would prefer to deal with a larger company as opposed to a home-based one man band, our services are aimed to give your small business then professional face it needs to develop itself.

Aug 6, 2014
May 5, 2021

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BITCOIN role to be explored by the UK Government

A Bitcoin is a new type of money that’s virtual and can be used for buying products and services just like an online version of cash. But so far its limited.

The Chancellor of the Exchequer, George Osborne, is due to unveil a plan which could see the British government exploring the role that digital currencies such as Bitcoin could play in the existing financial system and whether they need to be regulated. The measures included in the plan are intended to make Britain the global centre of financial innovation.The growing popularity of Bitcoin has sounded alarm bells in the regulated financial system and as it is not controlled by a central bank it is therefore much more difficult to regulate.A Bitcoin is a new type of money, it is completely virtual and can be used to buy products and services just like an online version of cash but is currently limited by the small number of shops and retailers that will accept it.

Currently there are 3 main ways to get a Bitcoin:

- You can buy Bitcoins using real money. The current value of one Bitcoin is approximately £500.- You can sell something and receive payment in Bitcoins- Or they can be created using a computer, this is called “mining”Bitcoins have become popular due to the fact that some people like the fact that Bitcoin is not controlled by the government or banks, which in turn means there are no taxes or bank fees to pay, at least for now.People can also spend their Bitcoins anonymously and although the transactions are recorded publicly, unless someone knew your Account number it would be almost impossible to check on your transactions.Every transaction is recorded publicly so it's very difficult to copy Bitcoins or make fake ones or even spend ones you don't own.It is possible to lose your Bitcoin virtual “wallet” or delete your Bitcoins from your phone or PC and lose them forever. This is one of the main drawbacks of the current system and there have also been thefts from websites that let you store your Bitcoins remotely.At the moment the value of Bitcoins goes up and down a lot, so it's impossible to say whether it's safe to turn your 'real' money into Bitcoins.Speaking at London's Canary Wharf , the Chancellor said that it is "only by harnessing innovations in finance, alongside our existing world class knowledge and skills in financial services, that we'll ensure Britain's financial sector continues to meet the diverse needs of businesses and consumers here and around the globe".He also announced the government is to investigate the potential for virtual and digital currencies such as Bitcoin to encourage innovation in the UK's financial sector, while also examining their potential risks.More than 60,000 online retailers now accept virtual currencies worldwide and the growing popularity has seen backers of the currencies push for greater mainstream adoption. However, their use has also been linked to illegal activity online.BBC technology correspondent Rory Cellan-Jones said: "Enthusiasts say it is the future of money, detractors claim that it is extremely volatile and is used mainly by drug dealers and money launderers."Now the government says it will examine whether this and other virtual currencies should be regulated, how they could help stimulate innovation - and their potential risks."

Aug 5, 2014
May 5, 2021

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A professional image is the key for your fledglings business success

Clients are becoming very aware that more and more businesses are operating from home. But building a professional image is important for business success.

In business, professional image is the key to your success. Many more people are now taking the plunge and starting a new business venture within the comforts of their own home. The internet has made starting a company a simple process and operating a business from home even easier.What many of the start-ups in our own experience frequently overlook is the information required during the formation of a new Limited Company. Key details such a registered office address, director`s details and even shareholders details can often be confirmed without properly thinking about the ramifications of the details provided to Companies House.Most new business start-ups have not been through the company formation process before and such terminologies as a registered office address can be overlooked. It is important to understand that any details provided on formation will be permanently on public records.

Security and peace of mind

Using our London mail forwarding service with a registered office address has many benefits for your company. Firstly we have to imagine what would happen if you were to use your own residential address for your business. Many of our business clients always intend to provide the best possible service to their own customers, however as the business grows so will the potential for possibility of a disgruntled customer. We have had many scare stories where customers have turned up at a person`s house to discuss something very trivial, they managed to obtain the residential address via a company search online. You can imagine how awkward this could be if it`s unexpected and you were at home with your family.Our London mail forwarding address and registered office provides you with a safe and secure service that keeps your residential address of public record. This means there is no chance of customers turning up as and when it suits them. It gives you peace of mind and helps you to concentrate on providing the best possible service to your clients.

A professional image is the key for your fledglings` business success

Clients are becoming very aware that more and more businesses are operating from home. Many potential customers will do their homework first, and looking at where your business is operating from is part of their process. If you have a residential street address on your website then most customers will have a look at where you are trading from. Again a customer is more likely to go with an established larger company as this provides security over a small one man band operating from home. Our London mail forwarding address service is designed to give the smaller business an equal footing, it makes your company appear well established.Our London address is located in a prestigious location in central London. Using an established address in the heart of London can help persuade those clients who may have been reluctant to purchase from you due to knowing you were operating out of a residential address.

Why use Your Virtual Office London?

Your Virtual Office London have been providing leading expert advice to small businesses since 1971. Having started out as a company formation agent in City Road where Companies House were once based, our services have since grown to provide a more complete package for our clients.We understand starting a company is an important step, often a milestone in one`s personal life, and that we are here to ensure you do things correctly. Using our experience we can help guide you through the formation process and help provide guidance on the supplementary services that we provide to our clients.Our mail forwarding and registered office can be combined with a director`s service address to provide complete anonymity for peace of mind. Further into your businesses life span you may require professional advice for accounting, we have trained qualified accountants who can help talk plain English to you about the requirement`s HMRC set out for Ltd companies.Whatever your need, get in touch today, we are always happy to help.

Aug 5, 2014
May 5, 2021

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Growth in UK house building at its highest since 2003

The latest Markit UK Construction PMI report has stated that in July 2014 the new UK house building grew at its fastest rate for nearly 11 years. Find out more.

The latest Markit UK Construction PMI report has stated that in July 2014, the new UK house building grew at its fastest rate for nearly 11 years, not since November 2003 has home building seen more activity, driven by the demand for new new projects and the growing demand of the first time buyers.Although the house building market is one part of the PMI index and the overall index was down slightly from 62.4 to 62.6 in June, growth in the market is indicated by anything over 50.Tim Moore, the senior economist at Markit, stated that "July's figures suggest the UK construction sector is enjoying its strongest cyclical upswing since the global financial crisis, while a new record rise in employment highlights that construction firms are increasingly confident about the sustainability of the upturn,"The growth in the construction industry has been positive for the past 15 months and has given rise to a reported fastest rate of labour hiring since April 1997 when the survey first began.It is expected that this period of growth will have the usual knock-on effect in the home and DIY markets but this will not be reflected until later in the year.With the markets anticipating an interest rate rise sooner rather than later Ray Boulger, of the mortgage brokers John Charcol, is expecting and average 2014 house price rise of around 8%. Which is based on the Halifax and Nationwide indexes.This rise reflects a similar increase seen towards the end of 2013, and which caused a surprise due to the slow growth experienced at the start of 2013.This view is rejected by the housing market commentator Henry Pryor who predicts that although house prices will rise, the scale of the rise will be only 5% nationally in 2014, but 8% within the M25 motorway. The London market is expected remain buoyant with demand still outstripping supply.If you enjoyed this blog you can read more on our business and economy blog section.

Aug 5, 2014
May 5, 2021

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Boris suggests the UK could be better off out of the EU

Boris Johnson, mayor of London, has said that Britain could be better of if we are outside the European Union.The mayor made the comments in a recent interview.

Boris Johnson, mayor of London, has said that Britain could be better of if without the EU (European Union). The mayor has made the comments to coincide with a publication of a new report which is expected to say that London`s economy would not really suffer is they did decide to leave the EU.Boris who is scheduled to make a speech regarding the report on Wednesday is expect to discuss an 8 point outline on how the EU should reform. The plan he has come up with is expected to far exceed any demands being put forward by the prime minister David Cameron, who is also trying to reform the EU. David Cameron is holding a meeting with EU leaders at the summit in Brussels, and is expected to discuss his idea of reform. Boris Johnson is pushing a more rigorous reform plan with more pressures which the EU leaders will not be happy about.This is widely thought to be a political point scorer with Boris expected to stand for a MP in 2015 with a bid for the Conservative leadership in tow; if David Cameron fails to win the general election.If you found this news article interesting, you can find more in our business and economy blog.

Aug 5, 2014
May 5, 2021

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Soaring energy fears in Europe

European home owners are now worrying about soaring energy bills a new survey has explained. They’re wondering how to combat the increasing energy costs.

European home owners are now worrying about soaring energy bills a new survey has explained. With lack of security over supplies and increased localised conflict, Europeans are now starting to think about the consequences and what they can do to help combat the increasing costs.Many home owners are now looking to maximise the energy efficiency of their houses, in order to combat the rising cost of energy.Over 77% of European home owners surveyed explained that they are looking to changing their home in order to meet better regulations on energy efficiency. The driving force behind this is the rising cost of energy and uncertainty of stable supply from Russia.Read more business and economy news in our business blog.

Aug 4, 2014
May 5, 2021

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Top employer questions to ask at an interview

Having your questions prepared in advances is a good idea, this helps to add structure to the interview and helps the meeting progress its natural course.

Wondering about top employer questions to ask at an interview? Having your questions prepared in advances is a good idea, this helps to add structure to the interview and helps the meeting progress its natural course.

Some timeless questions that must be asked in an interview:

  • What are you main strengths?
  • What are your main weaknesses
  • What makes you different?
  • What would your past employers suggest are you best qualities?

These questions will help you assess how honest the candidate is and well as if they are confident and bring the correct skills to the role. A good candidate will highlight one weakness but turn this into a positive.

Some good questions to ask the candidate about the company:

  • What makes you want to work for our company?
  • What do you know about our business?
  • What skills do you think will make you suitable for this position?

These questions will help you find out if they candidate has done their research, any well prepared candidate will do their homework on your company, they will find out exactly what you do and how they can fit in using their skill set. You want to find out if they have applied for your position knowing they can bring their experiences and knowledge and apply them to the available position for the greater good of the organisation.

Progressive questions

Again these questions will help to find out vital information about your candidates. Many employers will be looking for a long term fill for their position, assessing your candidates future plans is important for planning. Some questions which can help assess their plans are as follows:What are your main goals in your working life?Where do you plan to be in five years?These questions will help to see how important the position is to them. If they are keen and see their future with you, the replies will be about progressing in your company. Of course some positions are short term or a stop gap, and thus the answers will be different. These questions can help the employer understand the candidate and plan appropriately.

What drives the candidate?

Finding out what motivates the candidate is important, this will give you a great insight into the mind of the potential new staff member. Understanding what drives them can help you integrate them into the surrounding team and lead to better performance and higher output.

Simple questions to ask:

  • What part of work do you enjoy most?
  • What motivates you?
  • What tasks give you great satisfaction?
  • What tasks do you dislike the most?

Conclusion

When interviewing staff always make sure to ask the same questions to all the candidates, this may sound simple but having an organised structure to the interview is not always easy, especially when you are in full flow conversation with the candidates. Make sure to make notes of all answers, as this will prove invaluable when it comes to reviewing the candidates after the interviews have finished. If you find it difficult to choose between candidates we would strongly recommend inviting them back for second or even third interviews if the caliber of candidates is that high.If you found this blog insightful you can read more tips and tricks in our business blog.

Aug 4, 2014
May 5, 2021

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My trading address options

If you`re starting a business, you may want to use and display a prestigious London trading address as either your primary or secondary address for trading.

If you`re starting a business, whether you`re a sole trader, Limited Company, Limited Liability Partnership or even a Public Limited Company you may want to use and display a prestigious London business address as either your primary or secondary address. Your Virtual Office London provides you with a prominent address in a prestigious central London location. Our business address and mail forwarding service is designed to give your business instant credibility for a very minimal initial outlay.

Why wouldn't I just use my residential address?

There are a number of good reasons why you may not want to use your own residential address as your trading address. If you display a residential address to your clients as your main business address it instantly tells your client that you are more than likely to be working from home, this can give the client an unprofessional image as they will think you are a very small company that may not be well established. If you upset any customers they may be inclined to visit your work address and if you are using your residential address as the trading address then this can lead to awkward and embarrassing visits when you are least expecting them.

What benefits do I get from using your mail address service for my trading address?

Our service comes with many features which can really help boost your businesses overall client acquisition and retention rate. Many people overlook the importance of image, however image is everything in business and in order for your business to progress you must impress your clients.

Mail Forwarding & London Business Address Features:

  • Central London EC1 location
  • Private & Secure
  • Signed For parcels accepted
  • Customer service at door for visting clients
  • Collect or have mail forwarded to any location worldwide
  • Unlimited mail volumes

How easy is it to setup?

We have made the process very simple, all you need to do is purchase online and complete a very simple online form. Once the order is received our end, we try and get your accountant live and activated within 2 hours on a working day. We do need two forms of Identification, one photo graphic and one proof of address dated within the last 3 months. Once this is received we are able handing the mail you receive out to you.

Why Your Virtual Office London

We are the leaders in Company Formation and Virtual Office Services. We have been providing supplementary business services such as registered office address, mail forwarding, directors service and accounting for over 20 years. When you decide to choose us are your professional service provider you are taking on a team that has experience and a great working knowledge. If you would like to find out more information on any of our services please don`t hesitate to get in touch, we are always happy to help.

Aug 4, 2014
May 5, 2021

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What shareholder details are on public view?

When you register a company with Companies House, the details of your registered office address, directors address and shareholder information is required.

When you register a company with Companies House, a lot of information is stored on record. Details of your registered office address, directors address and shareholder information is required. As Companies House is a public registrar the information is made available for the public, this is to ensure transparency of trading and that the company owners are accountable for the actions.

What details are made public?

When you first form the company you will be required to provide all the correct details; shareholders full names are on record along with the shareholders addresses. Once the company has been formed and new shareholders join only their full name is required. This means no address is needed, you are not legally required to inform Companies House of your address or change of address. When you first form the company you will need to provide the value of the share, the type of share (class), and the number of shares that have been issued.

Your Virtual Office London

If you are thinking of starting a Limited Company or Limited Liability Partnership please do get in contact with us. We have been forming companies since 1971 and have vast experience in the types of companies and what would be best suited for you. We provide supplementary services for your company formations, such as registered office address service in London, director`s service address, London mail forwarding service, and business accounting. Whatever you require we can help provide expert professional guidance without any obligations.

Aug 4, 2014
May 5, 2021

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Alternatives to Use Home Address as Registered Office Address

If you have formed a company you will be aware that you are legally required to provide a registered office address for your company. Find out how and why.

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Alternatives to using your home address as a registered office address

If you have formed a company you will be aware that you are legally required to provide a registered office address for your company. This is a public available record, which means anyone can search for your registered office address online. This of course can have implications if you use your own residential address.

Why do I have to give a registered office address?

A registered office is for mail correspondence from HMRC and Companies house, you will receive several letters on a yearly basis from companies house and HMRC, including tax notices, company documents and other statuary mail. Its also a legal requirement for any legal action against your company, the address will be used for any legal letters that could be aimed your company if there have been some disputes.

What address can I use?

You can use any UK address, many people who start a company for the first time will use their residential address however you can use a registered office service which we provide. The address service gives you the best london office address option for forming your company. Our address gives your business credibility as it`s a real London address in location where many businesses operate. Many of our Limited Company and Limited Liability Partnerships choose the registered office address before they form the company as any registered office changes will be listed on public record.

Our service also stops junk and unsolicited mail, it helps to prevent unwanted callers aswell, if you have angry customers they may want to visit your registered office and if you use your residential address it could be very awkward and unprofessional.

We also include free mail forwarding worldwide to any location of your choice, this means any HMRC and Companies House statuary mail will be forwarded on to your location.

Your Virtual Office London

Your Virtual Office London are one of the most experienced company formations and business address service providers in the UK. We have been forming companies since 1971 and fully understand the needs of your fledgling business.

Our London registered office and mail forwarding service is located in a prominent and prestigious commercial area in central London. Our registered office is only £45.00 per annum and we can also provide a real business trading address to complement your registered office address, this costs £92.50 per annum.

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