Business or company credit

pelirocco

they are companies who will only trade with a limited company

Mistral001

The website the OP got the "credit score" from did not give him an actual credit score for himself as a sole trader or a Ltd Company.

As far as I can see it is just a projected score based on the half dozen questions or so he answered anonymously on the website. It looks a bit like a student project in fact.

torrence

pelirocco wrote: »

they are companies who will only trade with a limited company

If this is so then it may be worth considering forming a limited company.

I think there may be tax advantages to being limited. But limited companies have to prepare more documents so it is extra admin.

Mistral001

torrence wrote: »

If this is so then it may be worth considering forming a limited company.

I think there may be tax advantages to being limited. But limited companies have to prepare more documents so it is extra admin.

There are pros and cons for both sole trader and Ltd Company.

There are many threads on this forum on this topic e.g:

https://forums.moneysavingexpert.com/discussion/6059074/ltd-company-v-sole-trader