Hi,
After years of running my small business (into the ground
), I have recently decided to repent and become an IT contractor. I have set up my Ltd co. However, I have poor personal credit from my previous life (50K owed on credit cards + defaults), and it appears that the high street banks wont let me set up a Business bank account 
.
I have 2 personal bank accounts, one of which has not been used for almost 2 years and could potentially be used for 'the business', but would the Agents pay into that?
Also, I have also seen various services on the net claiming to 'introduce' you to a UK business bank account for between a £40 - £370 fee. But I don't know if I can trust these services, as they all look dodgy.
My only other option is to go Umbrella, but I don't really want to do that, and certainly would not want to do it long term.
Any advice, gratefully received.
Sam
After years of running my small business (into the ground
), I have recently decided to repent and become an IT contractor. I have set up my Ltd co. However, I have poor personal credit from my previous life (50K owed on credit cards + defaults), and it appears that the high street banks wont let me set up a Business bank account .I have 2 personal bank accounts, one of which has not been used for almost 2 years and could potentially be used for 'the business', but would the Agents pay into that?
Also, I have also seen various services on the net claiming to 'introduce' you to a UK business bank account for between a £40 - £370 fee. But I don't know if I can trust these services, as they all look dodgy.
My only other option is to go Umbrella, but I don't really want to do that, and certainly would not want to do it long term.
Any advice, gratefully received.
Sam
