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SIC codes


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Hi,

Thanks to some conversations on here I now understand SIC codes.

My question is, I understand you can have up to 4 SIC codes? Can I use a SIC code for BTLs and another one for a training company? I basically want to start investing using a LTD, but I'm also wanting to start a training company (non property related) and want to submit one set of books, rather than multiple.

Thank you

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I wouldn't do that. Mortgage lenders wouldn't like it. They wouldn't be happy to lend to the company

_______________________________________________________________________________________________________________________________
Vin Gupta
Property Investor and Developer
UK Property Blog: https://evolutionblogger.com/article/uk-property-articles
Travel Blog: https://soulfultravelguy.com/

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As EvolutionBlogger has stated, lenders don't really like mixing the businesses in the event your training company runs into trouble, they don't want any links to it. 

Best to set up 2 separate companies with the relevant SIC codes to give you access to more lenders. Will mean extra accounting costs however. 

Personal Blog: https://abcdad.co.uk
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