• The Supplier Central is now part of Business Data Group

    I’m pleased to let you know that this website has now become part of the BDG family and will be brought together with our existing UK business community under the banner of UK Business Forums. You can read the full release here

    Whilst my colleagues and I are working through the technicalities of bringing the two communities together we have suspended new registrations to this site and I’d encourage you to register on UK Business Forums

    I look forward to getting to know you and your business,

    Richard ‘Ozzy’ Osborne
    Founder of UK Business Forums

Recent content by fd.ltd.uk

  1. fd.ltd.uk

    Starting up an Import-export business in UK

    So you want to be a middleman or agent ? This is an entirely different matter . What you need to do is research the market and choose sellers that you think have a good product that will sell in a market or a manner in which it is difficult for them to reach. For example , you may wish to offer...
  2. fd.ltd.uk

    Starting up an Import-export business in UK

    Food is a good business as everybody has to eat. the question for you is how to distribute in the UK. For that you will need to find a cost effective and trustworthy distributor. This could well be a far better option than starting in the UK form nothign as you will have a lot of costs. Whatever...
  3. fd.ltd.uk

    Supplier asking for registration number. Should I send my UTR or PAYE number?

    With your VAT number then can supply you without adding on VAT , if within EU Don't forget to add on the letters "GB" in front of the number
  4. fd.ltd.uk

    Newbie starting out in business

    Welcome to the cut and thrust of business . Given the manner the question is set out in I suggest you try notional spending on items and see whether you could have sold them. In other words , don't jump in until you've had a trial run without actual spending. Compare to what the item has...
  5. fd.ltd.uk

    Costs of small unit insurance

    Correct, stock is your responsibility . It's a matter of shopping around and of course depends on the nature of the stock as well as how secure the unit is. Make sure you do not underinsure. I actually use a broker because it is useful when dealing claims history , stock changes etc , but I am...
  6. fd.ltd.uk

    Struggling to find a gap in the market

    That's a good bottom line return , but for small items is not so out of the ordinary . Remember that as you grow you;ll have VAT to knock out of the selling price BEFORE deducting fees . I see no need to enter a price war especially if the other guy is established. They will defend their pitch...
  7. fd.ltd.uk

    What stock did you start with?

    Start with something you know a bit about or can easily learn about . It can take time to find the right stock and you may have to fiddle or tweak. We started out with a certain line and then the market moved dramatically and we had to cut and run. However , there were 50 pallets or so from a...
  8. fd.ltd.uk

    Registered as sole trader but with 2 businesses

    If you use cash in the bank as a crude but quick snapshot of how you are doing then you'll want 2 accounts. Normally a business account has the name of the business or "trading as" on it , so people could be confused if they receive payment from a business name they have not dealt with
  9. fd.ltd.uk

    Is there any legal guidelines I need to follow to sell from home?

    You mention community . If you are renting or subject to "community" rules you may be barred from trading from your home. I am not aware of rules about "smoking accessories" but it would make for bad publicity to flog these to 8 year olds !
  10. fd.ltd.uk

    Costs of small unit insurance

    If you are renting landlords normally charge you insurance on top of the rent
  11. fd.ltd.uk

    Most efficient way to track profit/loss

    A perfectly good way to do it. I do that as well !
  12. fd.ltd.uk

    Most efficient way to track profit/loss

    Although you ask about tracking a loss it is important to read what I am saying in this area generally . There are 2 ways to approach this aspect generally Firstly , is as you note , to track each item ad if there is no margin or a loss then ditch it . However, you may prefer to look at the...
  13. fd.ltd.uk

    Trying to find a detailed VAT guide

    Just remember that just because they tell you something it doesn't mean it is correct . The rules change all the time ....
  14. fd.ltd.uk

    How to turn an idea worth a lot of money into reality?

    Just make sure you don't throw all your assets into a black hole - make sure you knwo what it will cost to get to market , double it and then seriosuly ask yourself if it is achievable. If you haven't got the expertise yourself , odds are somebody will shaft you along the way
  15. fd.ltd.uk

    Ideas on company names, slogans & marketing strategies

    Given that the company sales diverse items I woudl stick with a non-descript name for now but have a line under the name summarising what you do. The slogans you have given are not helpful in getting out what you sell