Yes. In the United Kingdom, there is a standard VAT rate of 20% on cleaning products. In 2020, owing to the ravaging effects of the COVID-19 pandemic, the Government established a 0% VAT rate for 211 goods, including medical equipment, soap, antibacterial gel, laundry detergent, some cleaners, and special masks, gloves for surgery, nebulizers, vital…
Car leasing has become more popular than ever in the UK because drivers are beginning to see the benefits of low monthly payments and the opportunity to change models every few years. Truth be told, the entire vehicle rental and leasing industry is experiencing significant growth and contributes around £49 billion to the UK economy…
According to reliable reports, the UK travel industry has been growing especially since everyone needs to travel every now and then. Traveling is sometimes seen as a lifestyle. This makes the travel business a beneficial opportunity for future travel agency franchise owners. Many travel franchises often require lower start-up value and let you operate your…
People are becoming more environmentally conscious today, and this is one of the reasons why new business opportunities are cropping up in the world of recycling. Without doubts, recycling in the UK has become a massive market, offering huge returns. In 2020, the estimated revenue of the industry was £21.2 billion. It also boasts of…
Franchising has become one of the most popular ways to launch a business in the United Kingdom. 80 percent of new franchise businesses succeed in the United Kingdom. Evidence of the high success rate of franchising is provided by the annual British Franchise Association/NatWest franchise surveys. The United Kingdom franchise industry is thriving at the…
The term “halal” refers to actions and behaviors allowed by Islamic law, as explicitly noted in the Qur’an. When “halal” is mentioned in the same sentence as meat, it is focused on the method of slaughter. Reports have it that halal and kosher meat are in high demand in the US and especially Europe, with…
A coffee shop, coffee café, or coffee bar is a small, informal restaurant where coffee and light refreshments such as snacks, sandwiches, muffins, fruit, or pastries are served to customers. It is also a place where coffee lovers meet to network and socialize. Please note that coffee shops are part of the specialty eatery industry,…
A law firm is a business entity that is formed by one or more lawyers to practice law. The main service rendered by a law firm is to advise clients (individuals, government, or organizations) about their legal rights and responsibilities. So also, law firms represent clients in civil or criminal cases, business transactions, and other…
A children’s home is a large house where children and young people live together as a group, with professional staff to look after them. Children’s homes aim to meet the needs of children who can’t live with their own families. When a child cannot live with their family or stay with foster caregivers, they may…
A money transfer business or agency is a business that acts as a third-party agent that facilitates money transfers and payments among parties in different locations. Please note that the currencies that are available for a money transfer business are dependent on the country they are domiciled. But on average, you are expected to have…
A call center is a centralized office facility that is used to receive or transmit a large volume of requests by telephone; it could be an inbound call center, outbound call center, or both. An inbound call center handles incoming calls from clients while an outbound call center is all about making calls to clients…
A lip gloss company is involved in the production, distribution, and sale of different types of lip gloss. Lip gloss can either come as a colorless or slightly colored cosmetic that is applied on the lips to prevent dryness. Please note that a lip gloss production business also engages in the preparing, blending, compounding, and…
London is without a doubt one of the leading global business hubs. Of the $3.98 trillion daily global turnovers, as measured in 2009, trading in London accounted for around $1.85 trillion, or 46.7 percent of the total. In 2009, the city of London accounted for 2.4 percent of UK GDP. The pound sterling, the currency…
A petrol station is a place where petrol and other similar products such as lubricants, kerosene, diesel, cooking gas et al are sold to customers. Normally, petrol stations offer one of three types of service to their customers: full service, minimum service or self-service. Available statistics show that at the end of 2020, the number…
Supported living or supportive living refers to a range of services and community living arrangements (CLAs) designed to support disabled citizens to attain or retain their independence. It is a form of healthcare that promotes service users residing within the community. It consists of both regulated and unregulated activities. The UK Home care and Supported…
Truly, starting a supported living business in the UK can be quite challenging, however it can also be a very profitable way to earn a living. In this line of business, you will be tasked with helping people who struggle to help themselves, ensuring that they enjoy fulfilling lives. According to reports, there are a…
A fish and chip shop in the UK is usually a small limited-service shop that prepares and sells fish and chips, coffee, and other breakfast items. A fish and chip shop in the UK can be as small as a single location or as big as a national chain. A fish and chip shop is…
An import-export business is a business that engages in the importation of goods from other countries and the exportation of goods from your home country to other countries. Please note that the main difference between import and export is that import refers to bringing in goods from other countries while export refers to selling goods…
Political factors are those critical decisions and laws governments make that can impact a business by making the market environment more or less convenient for that business. Without doubts, governments tend to have so much power over businesses, and most often, there is really nothing these businesses can do to limit that power, and with…
Buying a business in the UK is, without doubt, a quick and convenient way to start a business instead of starting from scratch. However, you will have to invest time and resources into finding a business that perfectly suits your business goals. There are numerous things to take into consideration when seeking to buy an…
The advent of technology has brought with it a vast range of new concepts and innovations that has genuinely changed the way we carry out business. From online technology that has given room to long-distance communication and alignment, to advanced hardware that consolidates business practices and workflow, the 21st-century has introduced powerful tools and mind-blowing…
Coworking spaces are becoming very affordable options for the self-employed, especially those who can’t deal with the isolation, lack of productivity, or distractions of working from home. Note that these affordable offices offer entrepreneurs a flexible and vibrant working space. Also note that these spaces offer individuals the platform to interact with like-minded people, providing…
Indeed, one of the biggest issues for every entrepreneur or small business is adequate funding to guarantee business success. Truth be told, grants are one of the most enticing sources of funding for businesses because they are not expected to pay it back, and they don’t have to give up any equity to an investor….
Birmingham is a city located in the West Midlands of England. It is the second-largest city, second-largest metropolitan area, and third-largest urban area in the United Kingdom, with roughly 1.2 million inhabitants within the city area. It has 2.8 million inhabitants within the urban area, and 4.3 million inhabitants within the metropolitan area. The city…
For as long as possible, the city of Birmingham has been associated with big businesses in Britain. Being the core of the industrial revolution and the birthplace of well-known establishments like Lloyd’s Bank and Cadbury’s, it is a city with a history in almost all notable sectors of business in the country. In recent times,…
Do you want to open a corporate housing company? If YES, here is a 20-step guide on how to start a corporate housing business in UK. Please note that if you intend to start this type of business, it is advisable to first look at the existing laws and zonal regulations in the United Kingdom…
No, in general you will only need a licence if your beard oils are sold as medicines or suggest they are by making medicinal claims on labels, promotional material or websites, in which case you will need either a Product Authorisation under the UK Medicines Act or a Traditional Herbal Registration under the Traditional Herbal…
Yes, grants are available at the national, state, and local council level for sole traders in United Kingdom as long as they meet the government’s growth criteria. State-level grants are more or less available for traders that meet the State’s development agenda. This could be regional development, focus on a particular industry, job creation, or…
According to reports, the United Kingdom hair care market is expected to grow at a CAGR of 3.1% within 2020 – 2025. This market is primarily driven by increased consumer concerns about scalp health, mainly problems related to hair thinning, hair loss, dandruff, and sensitive scalp. In addition, the introduction of new hair care products…
The overall photographic industry in the UK generates close to £1.7 billion per year. With Over 8,000 distinct businesses operating within the UK photographic industry, reports have it that these businesses have grown at a rate of 2% per annum over the past four years (2014-2018). This number is well above the average growth of…
Carpet cleaning, according to reports, holds a substantial share of the UK’s £6bn property cleaning sector. Contract cleaning in particular is a massive market, including commercial deals to regularly clean carpets in office blocks, hotels and housing developments. Indeed, this is an industry that lends itself particularly well to small, localised business start-ups. A good…
A microbrewery is a small brewery that specializes in a very small number of beers and craft ales. Unlike large breweries which are channeled towards mass production, a microbrewery focuses on the overall craft of its product. Beers from one of these smaller brewers are usually developed to have a distinct flavor even in their…
According to reliable reports, the global sale of private label in beauty and personal care has grown massively, rising by 1.4% in 2017, to reach USD12.8 billion. The Middle East and Africa (MEA) region remains the fastest (8.5%), followed by Eastern Europe and Latin America. Although growth traditionally emanates from staple categories such as baby…
As the world becomes more aware of the after-effects of chemical ingredients and the harmful processes many food companies use, organic has become more popular. When a product bears or comes with the “Organic” symbol, it emits both comfort and peace of mind to the consumer. Have it in mind that when a coffee is…
Do you want to start a rental business in UK and you need ideas on popular items people rent? If YES, here are 10 most rented items in the UK. The rental industry has continued to boom, with new businesses being added each day. Indeed there are many benefits to owning this type of business….
The UK remains one of the largest economies on earth. It is the sixth richest country in terms of GDP with one of the highest wealth per capita of all the economic superpowers. With a very stable economic system, well-oiled legal structure, and a vast consumer market, every entrepreneur dreams of starting up a UK…
First and foremost, Nando’s does not offer franchises in the UK and they don’t have any plans to franchise in the United Kingdom in the future. Internationally, franchises are only available in South Africa, New Zealand, and Australia. Note that the UK arm of Nando’s is run by a private equity company, owned by a…
The gold and silver market have taken off in a huge way within the past few years, with a faster-paced society and a more interconnected world economy. For instance, a strike in China can influence the dollar, and political instability in Europe affects the course of the economy. An investment in gold maintains an intrinsic…
The United Kingdom is one of the most welcoming and accommodating countries in the world with immigrants coming from all across the world to reside and start their businesses there. Statistics show that the UK’s migrant population is concentrated in London. Around 35 percent of people living in the UK who were born abroad live…
UK clothing manufacturers demand a much higher cost than overseas clothing manufacturers, and all for good reasons. You need to consider the final cost because although making your clothes overseas is cheaper, you need to add the shipping cost and compare. You also have to consider delivery time, especially due to the massive labour, and…
For one, the average manufacturing cost for a £25 T-shirt in the Far East is around £4.24, based on figures from Fashion Revolution, which may be a little on the high side. There is this belief that manufacturing clothing in the UK is much more costly than manufacturing overseas, however, most experts in the industry…
No, you don’t necessarily need a license to sell clothes online in the United Kingdom. The clothing business is not a strictly regulated space in the United Kingdom and you won’t be expected to acquire a specific license to sell it (unless you are trading at a market, in which case you will need a market…
Are you interested in starting a fashion-related business or are you interested in the apparel manufacturing industry? If YES, then you should consider starting a clothing line in your city in UK. If you intend starting this type of business, it is advisable to first look at the existing laws and zonal regulations in the…
Acquiring and running a franchise business in the UK is quite easy, profitable and indeed more popular today than ever. Even though almost every business that focuses on retail customers can and has been franchised, children-centric businesses are indeed among the biggest beneficiaries of the franchising business model. Always note that no business can ever…
Starting a new business can be risky, however statistics have shown that following a proven franchise model significantly improves your chances of success. It is a fact that starting a business through investing in a franchise can give you a framework that will give you the needed support especially as it relates to startup financing…
The general cosmetic industry in the UK is a bigger deal than you might actually know. With annual revenue of over £4 billion, it maintains its potency as one of the most important arms of personal care businesses. Being entirely consumer facing, there are obvious struggles associated with the industry. Despite these, the industry has…
A lot of people enjoy a game of sport, whether it’s with the intention of maintaining fitness, relieving stress or just having a bit of fun. Golf is one unique game that can deliver on all three. Asides the fact that it involves a lot of walking, there is time to chat with friends and…
Frozen yoghurt is made from a combination of fresh milk and yoghurt, giving this delicious treat its unparalleled tang. There is indeed no limit to the flavour combinations, coupled with a choice of fresh and dry toppings. A lot of frozen yoghurt franchises operate a popular self-serve approach, allowing customers to experiment with flavour combinations….
Smoothies are a blend of raw fruit, vegetables and sometimes dairy products. Smoothies are typically made using a blender. According to reports, smoothie drinkers are more likely to be students, women, anyone under 35 and those who are single. In the UK, smoothies are commonly purchased in smoothie and juice bars, which is great news…
It is certain that Britons are in love with shopping – especially since each spend at least £1000 a year on new clothes, while the fashion industry is worth at least £66 billion a year. Fashion-related businesses also employ over half a million people in the UK, and even downturns in economic prosperity have little…