picture_man36:
Find the work first. You need a customer(s) who pay you quickly (30 days from date of invoice max). Dependant on what your doing you could use £ 1300-1400 per week in fuel. You’ll need to be VAT reg’d from the off. Set your company up.You’ll need to apply for the O licence, will need a CPC holder for your transport manager and sufficient funds to convince the LA that you can operate the vehicle… check their website but its around £7.5k. I note you’re looking at buying. We went the other way and leased to start with. No sleepless nights. One fixed price per month and no maintenance/breakdown hassle. We needed to put down 3 months up front but when we got the 2nd & 3rd it was a lot easier as we were already established. Insurance was £ 3500 per year. Includes PLI, ELI, Goods In Transit (My customer wanted up to EURO 500’000) and motor vehicle.If you are commited you will make it work. Yes, you can earn more money working for someone else, BUT you are building a business for yourself. I’ve read all the neg feedback on here… If you need any info, pm me
Cheers.
Who are you insured with?
Sent from my iPhone using Tapatalk