BUSINESS SERVICES
Spot On offers the following business services to our clients:
Click on one to learn more
SUPPORT SERVICES
FCA REGISTRATION
We offer support services to businesses who are required to register with Financial Conduct Authority (FCA):
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Draw up a regulatory business plan
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Financial Projections
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Assist in initial assessment of level of permission required (limited or full)
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Prepare other supporting documents
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Assist in completion of FCA registration application
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Support in periodic regulatory reporting
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RESEARCH AND DEVELOPMENT(R&D)TAX CREDIT
UK limited companies are eligible to get an R&D tax credit for qualifying expenses. Spot On provides support services to clients for the following:
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Initial claim assessment
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Collection of information and analysis
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Draw up claim application
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Client approval and submission to HMRC
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Communications with HMRC
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Claim approval and payment
APPLY FOR GOVERNMENT SCHEMES
We provide support to businesses for various government schemes offered to UK businesses:
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BCRS Business Loans
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Enterprise Loans
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Business Grants
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Small Business Rates Discounts
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Innovation Loans
BUSINESS START UP
Spot On offers the cost beneficial services to new startup businesses:
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Structure planning
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Registration & de-registration of companies (limited/unlimited/ guarantee etc) and partnerships
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Merger and acquisitions
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Trademark registration in UK & EU
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Company secretarial
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Dormant company services
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Restoration of the companies
SUPPORT SERVICES - IMMIGRATION
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Prepare financial documents for Home Office applications
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Certification of financial records
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Financial viability checks
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Set up HR and payroll systems as per Home Office requirements
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Conduct internal compliance check
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Salary compliance verification
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Preventing compliance breaches
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Appeals & compliance issue resolution
FINANCE
Support businesses for applications:
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Start up loans
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Commercial loan
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Secured loan
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Unsecured loan
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Mortgages
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Bridge loan​​
BANKRUPTCY & LIQUIDATION
You can apply for bankruptcy if you can’t pay back your debts. As well as applying for bankruptcy yourself, someone else you owe money to e.g. creditor, can apply to make you bankrupt, even if you don’t want them to. For a creditor to make you bankrupt, you must owe at least £5,000.
Pros
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You can make a fresh start, after a year of bankruptcy order
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Creditors will not be able to take legal action following a bankruptcy order
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The money you owe can usually be written off
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You can keep certain things, like household goods and a reasonable amount to live on
Cons
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You need to pay fee for bankruptcy application
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Your credit rating will be affected for six years making it difficult for you to take credit.
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If you own home, car and luxury items, it might have to be sold
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If you are able to get your pension savings, these might be taken
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If you own a business it might be closed down and the assets sold off
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Going bankrupt can affect your immigration status
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If your income is high enough, you’ll make payments to creditors for 3 years
Spot On offers various business services related to bankruptcy:
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Bankruptcy application support
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BRO hearing support
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Dealing with official receivers on your behalf
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Liquidation is a method to close the UK limited company. At the start of the process, the company is prevented from trading. The assets of a company are turned into cash and paid first to creditors and then to the company owners. The company becomes insolvent if cash is not enough to pay the creditors. If creditors are paid in full thenthe company remains solvent.
Spot On offers end to end assistance to clients in the liquidation procedure