Credibility is an essential aspect of a business’s success. Getting a company off the ground requires consumer, partner, or investor trust. And the best way to build this is with an office. However, building a reputation as a UK-based company is a costly undertaking. Most companies need help to afford this cost. Moreover, research demonstrates that 20% (one-fifth) of small businesses in the UK fail in their first year.
Living and working in the capital (London) also requires a substantial financial commitment. For example, London is one of the most expensive cities to live and work in since it drains your income significantly to pay for rent and utilities. Fortunately, there’s a solution; a virtual office. With a virtual office in the UK, you can focus on other essential aspects that affect your business.
A prestigious UK address can increase your company’s appeal to investors and customers, provided it has a significant turnover to offset the costs. But a virtual office can be a more cost-effective alternative if the expenses are more likely to prevent growth. So, besides this benefit, in the subsequent sections of this post, you will learn the top benefits of having a virtual office in the UK.
The Top 5 Benefits Of Having A Virtual Office In UK
1. You Can Start a Company in the UK From Anywhere
Registering a private limited company in the UK doesn’t require UK residency. However, navigating the UK government website to register a limited company can take time and effort. Fortunately, you can get the services of cheap virtual office providers in UK to relieve that burden.
Having performed company formation dozens of times, they know how to register you quickly.
Here’s what they will do:
- handle all the necessary registration paperwork on your behalf,
- they’ll fill out the application form and submit it to Companies House and
- send the official files to you electronically.
Moreover, you can use their virtual office address in the UK as your official registered address. Legally, this is an acceptable method of setting up a business. Many businesses choose to use the address of their solicitor or accountant instead.
2. It Makes An Excellent First Impression
Let’s face it; your business will only appear professional if you list an address. Most customers look for a good deal and to make a quick purchase. But before they do, they will research a company before buying its products or services. Their primary concern is whether you have an address and contact information. And so, your business must get a virtual office to make an excellent first impression.
Your company’s virtual office in the UK will especially impress your customers. The big brands and companies will recognize you as a resident of this bustling city. By doing this, you’ll be able to build your business’s reputation as a trustworthy and professional entity. Moreover, your business must give your customers a great first impression if there is a lot of competition. The first thing you need to do is update your business address.
3. Your Home Address Remains Private
If you operate your business from home and online, you may have thought to use your address for correspondence. However, even if you feel your area is respectable and safe, you should avoid this. If you list your home as a business address, it will appear online. It could cause privacy issues and even result in customers showing up outside your home.
According to the UK General Data Protection Regulation (UK GDPR), your home address is personal data identifying a person. Moreover, the Data Protection Act 2018 further protects personal data. As a result, organizations cannot share or process personal data without a legal basis.
So, using a virtual office can provide you with peace of mind. You can rest assured that your home address remains private, thus leaving no risks for you or your family. Again, this does not mean something will happen to your home. A virtual office, however, ensures that there are no risks involved.
4. Creates Larger and Better Talent Pools
An even more significant advantage is the potential to attract talent from a wider pool. With a virtual office, you can find the best candidates regardless of their location, even in larger cities and markets. By working remotely, you can avoid moving and relocation expenses.
As a result, job seekers will be more likely to apply to your company. Today, remote work is a coveted commodity. Wouldn’t it be exciting to be a part of the reshuffle? Paying attention to candidates’ locations and living costs is vital to competitiveness in the modern employee market.
According to estimates by the Office for National Statistics, around 43% of workers in the UK are currently working remotely in 2023. This figure comprises 14% who work remotely and 29% who follow a working model that splits their time between home and the office. According to the study, more people are embracing remote work.
5. Access to Business Support and Resources
Your business can benefit from virtual offices if you provide the required support. You can access a full-service receptionist or administrative team when you have a virtual office. It offers diverse business support services, from email and phone support to parcel delivery and courier services.
You won’t need to bring new employees on board; you can use the virtual office’s onsite support. With your general administrative duties taken care of, you can allocate more time to growing your company.
A virtual office can assist you in expanding your business as it grows. Establishing additional sites and offering support is hassle-free without the concern of physical moves. In addition, you can shift resources to more critical areas, which is a bonus.
Any business that wants to succeed must build credibility. Fortunately, one of the best ways you can achieve this is with a virtual office in UK due to the benefits it can offer you. As mentioned, these perks allow you to save time and money, improve your image, broaden your market reach, enhance flexibility and productivity, and provide access to support and resources. Therefore if you are interested in acquiring office space within the UK, you should contact cheap virtual office providers in the UK.