Energy costs for small company

I run a small company from home  and I am worried about the high energy bills in the next year or two. The current £6 per week is rubbish and doesn’t even make a dent on the actual bill. I loath the thought of putting together a complicated formula based on working hours and the number of rooms for a more accurate sum.

I would like to hear from anyone who is running their own company ( not sole trader or partnership) at home  and what you are planning to do re energy costs in the near future.

Comments

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What sort of company? If you are running it from home, you would be better off on your domestic tariff. VAT at 5%, not 20%.
    Do you already have separate metering for the business?
    No free lunch, and no free laptop ;)
  • Office based business from home so no separate meter.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    So why don't you just agree with your accountant on allocating a percentage proportion of your domestic utility bills (energy, water, telcoms etc) to your business? There must be millions of small businesses who do it this way. I appreciate that the reporting system is more onerous for a ltd company than a sole trader, but once you've got a percentage agreed it's simple enough, then you just log the monthly amount and calculate the allocation. 
    What do you mean by 'the current £6' a week? that suggests that this is what you are already doing and you just need to increase the rate to a realistic one.
    No free lunch, and no free laptop ;)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.1K Banking & Borrowing
  • 252.8K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243.1K Work, Benefits & Business
  • 597.5K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.