Are you are looking for starting your own business, you can take the decision or discuss with your partner about starting a business from the starch or buy an off the shelf company in the UK.
There are various Advantage and disadvantage to both. In our opinion selecting the option to buy off shelf company is well worth pursuing. It is essential to check all the fact before taking your decision. As per the latest study in the UK that four in ten businesses die within five years. It is more important to set yourself up for success at the very start.
Benefits of Buying an Off The Shelf Company
1. An Off The Shelf Company makes it easier to obtain Bank Loans and Credit Cards
Buying Vintage Off the shelf companies give the impression of longevity in the market. For example, if the company was registered a 4 to 5 or more years ago. The Vintage Off the shelf already has that history of establishment with companies house before you bought it. An aged company in the UK will always be a better impression and standing than a fresh startup registered as a business. The bank shows more trustworthy investment option than newly register business.
2. Big Organisation may only want to trade with older companies
Company trading for more than 10 years will have more experience and trustworthy than a 6-month-old company. Therefore buying Vintage Off the shelf companies gains more credibility than a startup company.
3. Off the Shelf Companies build confidence in clients
For the exact reason as longevity and market experience, off the shelf companies may benefit from more clients because companies appear to be a good experience and trustworthy than they already are. Attracting more clients means more business and profit, but not only that; clients are more reliable on older businesses that are likely to be well-established themselves.
4. You won’t be limited by Off the Shelf Company Names
You can change the name of the Off the shelf companies you buy within a couple of hours. Still a myth you will hear that you cannot change the name of the Off shelf companies company with the companies house in the UK.
