1st Formations

2 weeks ago | 1stformations.co.uk | Kate Moss-Robins

TikTok is known for captivating users with short-form videos, keeping them scrolling endlessly through tailored content that matches their likes and interests. The TikTok algorithm quickly learns which type of content users enjoy at any given moment, delivering exactly what they want to see instantly. But it’s so much more than speedy videos. Audiences can engage in live streams with their favourite brands and creators and even do their online shopping directly through the app.

2 months ago | 1stformations.co.uk | Kate Moss-Robins

Funding is crucial to starting a business. Throughout the pre- and post-startup phases, access to funding remains one of the main concerns for many small business owners, particularly female entrepreneurs. It’s shocking but perhaps unsurprising that the chart below from the Female Founders Forum report shows that female-founded companies receive a significantly smaller share of investment than male teams. This disparity hasn’t changed over the last 10 years.

Nov 22, 2024 | 1stformations.co.uk | Kate Moss-Robins

Online return policies are crucial for e-commerce businesses to get right. Shoppers want flexibility, convenience, and peace of mind that they can get their money back if anything goes wrong. Failure to meet these demands can prove costly for SMEs. Not only do they risk deterring new customers (many of whom base their purchase decisions on the returns policy), but they’re also in danger of creating a poor experience and losing existing clientele.

Oct 22, 2024 | 1stformations.co.uk | Kate Moss-Robins

Directors must fulfil certain legal obligations after forming a limited company. Whether they are based in the UK or operate the company from abroad, directors have a statutory duty to file and maintain certain company records, submit registrations and returns to Companies House and HMRC, and ensure that the company’s details are appropriately displayed on all official business stationery and correspondence, amongst other things.

Oct 19, 2024 | 1stformations.co.uk | Kate Moss-Robins

Companies House, the UK’s registrar of companies, recently announced that it will impose stricter non-compliance penalties for directors who fail to meet their legal responsibilities. This change is a result of the registrar’s enhanced powers under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which started being rolled out earlier this year. This article explains everything UK-registered companies need to know about the new rules.