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Useful advice, tips and business news.

July 31, 2014
May 5, 2021

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Argentina defaults for the second time

It is now the second time Argentina has defaulted on its debt, this will be the second time in 13 years. Find out what’s the reason for the second time default.

It is now the second time Argentine has defaulted on its debt, this will be the second time in 13 years. It was hoped that discussions being held in New Your with a group of bond holders would be successful however it has ended in failure.The bond holders we requesting a full pay-out of the $1.3 billion on the bonds they hold. Argentina stated they ant afford to purchase the bonds back and suggested the bond holders were using the debt crisis to cash in and make a profit out of them.The last time Argentina defaulted was in 2001, a US judge has given a deadline of 04.00 GMT for a deal to be agreed. The Argentine Minister has said that the Bond Holders rejected their latest offer.The latest default is not expected to have the same effect on the economy as it did in 2001. In the 2001 default many people were protesting and dozens were killed, authorities froze many savers accounts in order to stop a run on the banks.If you found this economy blog interesting you can read more insightful articles in our economy and business blog sections

July 30, 2014
May 7, 2024

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How to recover your company authentication code?

When you first register a Limited company with Companies House, Companies house will send you a company authentication code to your registered office address.

When you first register a Limited company with Companies House, Companies house will send you an authentication code to your registered office address. Normally this can be from 4 days to 4 weeks from our personal experience, if you are using our registered office address this will be sent out same day 1st class.

What to do when you have lost your companies authentication code

If you are unable to locate the letter that contains the authentication code you will be able to log on via the Companies House website. If we have formed the company for you, we will be happy to do this on your behalf, otherwise if you have formed this yourself you just log onto the WebFiling factily provided by Companies House. If its your first time of using the online WebFiling facility you will need to register your details. Using this method is quick and efficient and can save you valuable time.

Can I change my authentication code?

Yes you can change your authentication code by writing to Companies House and request that you would like to change this. You will need to write the request on official headed paper and it will need to include the following details:

  • The name of the company
  • The registered office address
  • The company number
  • The current authentication code
  • The new authentication code you would like to use
  • The full name of the director and shareholder

Why do I need the company authentication code?

The code is very important, it is used for on-line filing via the Companies House website. The authentication code will allow you to file annual returns online, file annual accounts, change and update the companies details such as directors, shareholders and secretary`s. You will need to keep the code safe as anyone who has access to this code will be able to logon and edit the information easily.

Additional insight: Companies House Company Authentication Code for Webfiling

Your Virtual Office London are the original company formation agents

We have been helping business owners form companies for over over 40 years. Our team is one of the most experienced in the country, from historic company searches to simple partnership formation we are able to help your business. Whatever your question please don't hesitate to get in touch with the team, we look forward to hearing from you.

July 30, 2014
May 5, 2021

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Does my company require a registered office address?

When the company is being registered with Companies House, Companies House requires a registered office address for this type of company. Find its benefits.

The simple answer to that is yes, an LLP (Limited Liability Partnership) must provide a registered office address when forming the company.When the company is being registered with Companies House, Companies House requires a registered office address for this type of company. The address will be used for all official stator mail from HMRC and Companies House.It`s a legal requirement however the address can be changed at any time, however if you are looking to keep your residential address private, we would recommend from outset using our registered office address in London from outset. When you change an address at company`s house, and you are allowed to change the address at any time, all changes are kept on public record. This means anyone can see past addresses which could be your residential address.You are allowed to use any UK address as the main registered office address, residential, commercial or other. We always recommend our service address as its very affordable and it keeps your details private.

Benefits of using our registered office address

  • Stops unwanted junk mail
  • Stops unwanted or disgruntled visitors
  • Prestigious London address
  • Impresses clients with a professional commercial address
  • All mail is forwarded free of charge

Why our registered office service?

Our London office address service adds instant prestige to your company, creating a professional corporate image that impresses your clients. Using your residential address will not have the same effect on clients, some clients are hard to please and our service is aimed at impressing everyone no matter how difficult they may be to please.

Your Virtual Office London registered office service

Your Virtual Office London provide company formations which include formations of Limited Liability Partnerships and Limited Companies, a registered office address in Central London. Our location is very eminent and well recognized globally for being the hub of commerce and finance in London. With our registered office address all HMRC and Companies House statutory mail is forwarded to your location free of charge by 1st class mail same day, and this does include forwarding to international address for our overseas clients.If you found this blog helpful you can read more articles on our address services here.

July 30, 2014
May 5, 2021

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The UK has to be prepared to pay the economic price for Russia's sanctions

The United Kingdom should be prepared to pay economic price for Russia`s sanctions and feel the after effects of large financial sanctions. Find out more here.

The United Kingdom should be prepared to pay the economic price for Russia`s sanctions, Philip Hammond has warned.He has suggested all of Europe will feel the after effects of large financial sanctions on Russia. Philip Hammond suggests that the UK will feel from the sanctions will be no worse than other EU member states and that it is essential for the sanctions in order to curb Russian aggression.Full details regarding the EU sanctions on Russia will be announced on Wednesday. It is thought the latest sanctions will target Russian oligarchs with a new round of asset freezes and even possible travel bans.The EU is thought to face increased oil and gas prices due to suspected sanctions on the oil sector. Further sanctions are also going to be aimed at defence equipment and sensitive technologies.

Are the sanctions working?

The idea of sanctions is to apply pressure on the Russian banks and top businesses owners. These people will feel the pressure of sanctions with many billions of dollars being lost. The central bank in Russia is having to spend many billions of dollars in order to prop up the rouble.The sanctions are designed to make Russia understand that they cant carry on supporting the Rebels. The sanctions will hurt the UK and Europe but they will hurt Russia far more.The big economies of the EU will share the pain from the sanctions but it will be worth it, taking a stand to the Russian aggression in Ukraine will benefit the civilised world and we must be prepared to pay the price for doing so.If you found this economy blog interesting you can find more great articles in our business and economy blog.

July 30, 2014
May 5, 2021

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5 tips for conducting a good interview

Are you planning to conduct a good interview? In this article, we share with you 5 important tips to conduct a good interview without any stress or confusion.

Here are the top 5 tips for conducting a good interview:

1. Plan the interview

Having a plan is vital, create a structure to the interview, having an opening, middle and end is important for yourself and the candidate. This will help the conversation flow and for the candidate to best respond to questions in a natural fashion. If there is more than one person conducting the interview make sure you both understand the structure and who is asking what questions.

2. Know your candidate

Make sure you prepare and read the candidates CV and cover letter. Get to know their name and location along with key information such as past roles, skills and any other points that may stick out from the CV. Knowing the candidate may then give rise to other questions which you can prepare before the interview takes place.

3. Appearances are important

Make sure you look your best when you conduct your interviews, no late nights before the day and having your best outfit ready will give your candidate a very good impression of your company. Remember the candidate may have other options and you are not just choosing the candidate, they are choosing you, which many people overlook until the job offer is overlooked. Marinating eye contact, smiling at appropriate places during the interview, being polite and most importantly listening to what they have to say. It sounds so simple, but one or more of these are often overlooked by interviewees.

4. Take notes

This is one of the most overlooked parts, taking a notepad in the interview can really help you remember key parts of the conversation when reviewing the day`s candidates. If you have lots of candidates make sure your notes are clear and well structured. Taking notes on the conversation and answers the candidates give to your structured questions are vital.

5. Be quick offering the role

Many employers again overlook this, however good candidates do not stay on the market long. A candidate may often have a block of interviews lined up and the very best may get multiple offers. If you find the candidate that is the right one for the position it is best to offer them the role with a few days as every day that passes increases the chance that they will not accept the offer due to external factors.If you found this blog helpful, you can find more helpful hints and tips in our advice section of our blog. Please favourite our business blog.This was brought to by Your Virtual Office London, leaders in company formation, virtual office services and professional services.

July 30, 2014
May 5, 2021

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UK House prices are slowing

Many forecasters are suggesting that the UK house prices will start to slow over the summer period, house prices typically rise in Spring and then slow over.

It has been reported that 7 out of 10 regions across the UK have recorded house price falls in June reported by the Land Registry.In comparison house prices are still 6.4% higher when compared to the same period in June 2013. The average price of a home is currently at £172,011.The Land Registry report does show that the largest rise was in the West Midlands in June, up 1.9% and the largest fall was in Yorkshire which feel by 1.3%.Of course the largest rise was in London, the year on year figure was up a staggering 16.4%, the slowest yearly rise was in the North East area of England, with a slow 0.8% increase.Many forecasters are suggesting that the UK house prices will start to slow over the summer period, house prices typically rise in Spring and then slow over the summer holiday period.One commentator suggested that the talk of an interest rate rise was starting to affect house buyers confidence, but people are still keen to buy property.If you found this economy blog interesting you can find more informative blog posts in our economy blog section here.

July 29, 2014
May 5, 2021

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Top 5 tips for your job interview

If you have been selected for a job interview, you will need to prepare. Here, we share the fiver important tips to help you prepare for a job interview.

If you have been selected for a job interview you will need to prepare. Failing to prepare is preparing to fail. Our hints are for your benefit and come out of experience. You want to give a good impression and our hints will really help you impress.

Research your employer

Find out who your employer is, what they do, and key facts such as locations, services provided, prices they charge, and even who the competition are. Prepare to be asked questions about the company, look up fact`s such as last year`s profits and any news in social media or the company blog. Researching the industry they are in and any developments can really impress your clients and make you look professional.

Prepare and practice

There is no right or wrong format for the interview, however there are some questions that should always be prepared for. Questions such as what you are weaknesses will always crop up, being prepared for this question will put you in good stead, addressing weaknesses in the interview will give your prospective employer trust in your honesty. You should also practice explaining why you are the best person for the job, go into past experience in work and personal life.

Dress Smart

No matter what people say appearances are important, your prospective employer will judge you and how you look, the smarter you look the better. Simple things such as well fitted clothes and clean shoes sounds obvious but many people can overlook this.

Ask Questions

Be proactive, ask the prospective employer questions, this will show your interest in the company and the position that you are applying for. We recommend preparing at least 4 questions, questions about the company`s future, culture and what goals they are expecting from you and the company as a whole.

Stay Calm

Staying calm is very important, being in control of yourself and your answers will really boost your chances of becoming the person they choose for the position. Prepare for the interview, write down your questions and answers, get your outfit out ready the night before. Smiling is important, a firm handshake can also work well, stay calm, the interviewers are also just normal people like yourself.If you found this blog helpful, you can read more on our business and economy blog here. Your Virtual Office London providing professional business services for small companies.

July 29, 2014
May 5, 2021

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Personal bankruptcy in steepest increase for five years.

The personal bankruptcy has hit an all-time high in 2009 with over 35,000 and are on gradual decline since 2009. This is stark contrast to business insolvency.

It is reported that personal bankruptcy has increased massively over the last five years.The latest figures from the government show that 27,029 people have become insolvent between April and June. This is a large increase, 5.1% when compared to the same period in 2013.Insolvency figures in Scotland has actually fallen to it lowest figure since 2005.The figure is said to be increased due to the large number of IVA`s (individual voluntary arrangements). IVA`s were created in 1987 to help people avoid being declared bankrupt. The number of people taking out IVA`s rose to 14,571 in the last quarter.The actual number of people declaring themselves bankrupt (insolvent) has increased for the first time since 2010, 0.2% of the adult population has declared themselves bankrupt.The number of bankruptcies hit an all-time high in 2009 with over 35,000 and has been on a gradual decline since 2009.This is stark contrast to business insolvency which has been on a continual downwards path. Companies going into administration have fallen by over 35%, which is the lowest figure for over 9 years.If you would like professional advice on Company Formation, administration or any of the supplementary services Your Virtual Office London provides, please do get in contact.We provide registered office address services in London for Limited companies which can help make your business appear more professional, helping you to increase your profits.If you found this blog interesting you can read more on our business blog here.

July 29, 2014
May 5, 2021

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How our call answering service can benefit your business

Our professional call answering service can be used by many different types of customer. Small businesses can really benefit from our telephone answering service.

Our professional call answering service can be used by many different types of customer. Small businesses can really benefit from our telephone answering service. We provide a London telephone which is answered by your own PA, giving the impression to your clients that you have your own professional staff taking your calls.It is very important in business that you portray an efficient image, customers are very wary of small outfits especially when large amounts of money are in involved. Customers will tend to shy away of one man bands, our telephone answering service can really help boost your businesses image and give the right impression to your prospective clients.

How do you handle the calls?

Our telephone answering service is simple and effective. We provide you with a London telephone number which is solely yours. You then inform us how you would like the staff to answer your calls, a greeting such as “Hello, you are through to ABCD Limited, how can I help”. You can then decide if you would like us to take a message or you, or transfer the call live to your phone. If you prefer us to take a message, we can then reply with a message such as “The director is busy at present, would you like me to take a message?”.

Call Transfer Features

Once your client has been greeted on the phone by our trained professional PA`s, we can then transfer the call live to your phone, either mobile or landline. This gives the impression that you are in the same office and that the call is being transferred to your desk, again this gives the impression of professionalism and efficiency. There is an extra charge for call forwarding, as this is classed as an outbound phone call which is charged at the current rates.

What happens to out of hours calls

For clients who call your number when the office is closed, the call will be diverted to your personalised voicemail. You can customise your greeting, or for an extra fee we are able to get a professional presenter to pre-record you a voicemail message. The voicemail box is pin protected for added security.

Some Features of the call answering service

Unlimited Volume of CallsPrivate & ConfidentialNative English SpeakersPrivate Pin Protected MessagesReal London based team – no outsourcingYou can read more on our Call answering service with London number here. If you found this blog helpful you can read more on our business blog.Your Virtual Office London is a leading force in company formation and virtual office services. If you have any questions please do get in contact with us, our trained team are on hand ready to take your call.

July 29, 2014
May 5, 2021

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UK Retail Sales are still growing

UK Retail Sales have increased by 0.1% in June, meaning they are 3.6% higher compared to one year ago. The sales also increased by 1.6% in the second quarter.

The amount of products sold in the UK`s shops is continuing to increase according to the Office for National Statistics (ONS). UK Retail Sales have increased by 0.1% in June, meaning they are 3.6% higher when compared to one year ago.The sales increased by 1.6% in the second quarter, this was by far the largest increase for at least 10 years.UK retail sales have been increasing steadily since the end of the recession in 2009. The sales figures have been very strong in 2013 and are continuing to get better.This is attributed to the economic growth in the UK, unemployment lowering and an increase in the population and the amount of people actually working.If you found this economy post interesting you can read more economic and business news in our business blog.Your Virtual Office London, leaders in professional business services.

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