nicholas_b 46 Posted December 20, 2020 Share Posted December 20, 2020 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 Link to post
EvolutionBlogger 72 Posted December 21, 2020 Share Posted December 21, 2020 I wouldn't do that. Mortgage lenders wouldn't like it. They wouldn't be happy to lend to the company nicholas_b 1 _______________________________________________________________________________________________________________________________ Vin Gupta Property Investor and Developer UK Property Blog: https://evolutionblogger.com/article/uk-property-articles Travel Blog: https://soulfultravelguy.com/ Link to post
DerekT 205 Posted December 21, 2020 Share Posted December 21, 2020 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. nicholas_b 1 Personal Blog: https://abcdad.co.uk Property Spreadsheet and Deal Analyser: https://abcdad.co.uk/property-spreadsheet Looking to read some Property books? https://abcdad.co.uk/books/property-books Follow on Instagram: @abc.dad Link to post
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