Beginner’s Guide on Starting an HGV Agency in the United Kingdom
Finding luck in a business capital country like the United Kingdom is not easy. There is a lot of competition. There are barriers to entry, especially if you are a newcomer. Thus, you need to bring a lot of creativity and innovation. Even more when starting an HGV Agency.
An HGV agency helps other businesses have a trouble-free life. It provides drivers that can deliver in distant locations in less time. Establishing an HGV agency might be difficult, for it has lots of things to finish before operations. However, given the circumstances, starting an HGV agency in the United Kingdom is a great idea.
What is an HGV Agency?
An HGV agency provides skilled and qualified HGV drivers to meet the qualification of a business venture. HGV agency also ensures the security of the consignment while its drivers move the goods. Starting an HGV agency gives a high probability of success because of its emergence in the modern era. With the right person operating, this kind of business is bound to succeed.
Even an accessible business wants to expand its business territory. However, not everyone has the resources to move goods fast and without any trouble. This is the reason businesses hire delivery services. Hiring an agency wherein skillful and efficient drivers will remove any problem that may arise during the delivery time. Deliveries also become more frequent and the client company’s business increases.
Deliveries have been increasing on local, national, and international stages. Starting an HGV agency will open a lot of opportunities for both the business owner and their clients. It is also one of the fast-growing businesses because of its ability to satisfy the needs of consumers in the most efficient time.
Business Requirements for Starting an HGV Agency in the United Kingdom
Starting an HGV Agency in the United Kingdom has a lot of requirements to fulfill, and documents to fill. Even before contacting a corporate service provider, you have quite a lot of preparations. Here are some necessary things to do before starting a business like an HGV agency.
Business Plan
Creating a business plan helps you to visualize and bring your target business to life. It also contains information like capital investment, sales forecast, marketing strategies, etc.
Business Permits and Taxes Registered Licenses
Business permits and tax-registered licenses make your business legal. Both give protection to the business interest, your consumers, other businesses, ventures, and the government.
HGV Agency Related Certificates and Licenses
Putting up an HGV agency requires a lot of documents even before getting a business permit. HGV agency-related certificates and licenses may include driver’s licenses, vehicle licenses, business-to-operate certificates, etc. Having this kind of license will avoid most of the problems that may arise when the operation starts.
Insurances
Accidents might happen during operations. Having insurance will protect you as well as the players involved during uncertain happenings.
Business Location
Even an HGV agency needs a wide-range location. The location is the place of administration and transactions and a place to keep vehicles when not in use.
Materials, Vehicles, and Capital Investment
A business requires enough resources. Investing in the materials and vehicles will be costly but beneficial. Having enough capital investment also ensures the foundation of the business as it runs in the business world.
Employee Contracts and Other Business-related Contracts
An HGV agency needs a lot of workers. It may also need to partner in other business ventures. Preparing a contract will avoid hassle for both ends. It will also protect all the players involved in the contract.
After securing all the listed requirements, you may now register your business. Finishing the business registration process with the help of company incorporation services is deemed necessary.
Business Registration Process for Starting an HGV Agency in the United Kingdom
Before the business starts to operate, the business venture must undergo registration. As a newcomer in the business world, it will be difficult to process your business registration alone. You will need help from expert business services, like 3E Accounting United Kingdom. It is to avoid problems while your business registration starts to run. With that, 3E Accounting United Kingdom provides simple steps as a guide to company registration in the United Kingdom.
Decide on Necessary Things and Create a Business Plan
Even before the business venture starts to operate, there are crucial things to decide for the business venture. This includes capital investment, investors marketing strategies, etc. The business plan will be the keeper of the information decided, and it will serve as the manual on how the business will operate.
Prepare Necessary Documents
Before going to any government agency, you must ensure that all your documents are complete. After that, you need to file all the business documents with the government. It will be the last step. This part also determines if your business will have a pass signal coming from government bodies.
Considering the steps listed above, it will take more or less a day before your business becomes a legal entity. After completing the process, you are now ready to take another step toward your goal.
Licenses and Permits to Start an HGV Agency in the Uk
You need to get the necessary permits to start an HCV agency
HGV Licence enables individuals to operate trucks or lorries that are more than 3.5 tonnes. HGV licenses fall under the following driving license categories: C, C+E, C1, and C1+E. They are valid for 5 years and are issued by DVSA (Driver and Vehicle Standards Agency).
To acquire the HGV Licence, you need to complete special training and pass a theory test. HGV Licence holders typically work for logistics companies as professional drivers.
The C+E category lorry is an articulated vehicle that bends in the middle and can weigh up to 44 tonnes. A C Category lorry is any rigid vehicle over 7.5 tonnes and up to 32 tonnes. You must have completed your LGV C category license before you are allowed to drive an LGV C+E lorry.
A Class 1 C+E lorry is an articulated vehicle that bends in the middle and can weigh up to 44 tonnes. A Class 2 lorry is any rigid vehicle over 7.5 and up to 32 tonnes. You must have completed your LGV Class 2 license before you are allowed to drive a Class 1 vehicle.
A C1 lorry license is a license that will allow you to drive a vehicle over 3.5t and up to 7.5 tonnes. You must apply to the DVLA for the provisional entitlement to drive a C1 lorry and meet higher medical standards to get your C1 lorry license.
To be eligible for an HGV Licence, you need to be above the age of 18, hold a full Driver CPC, and pass the theory and practical tests. CPC stands for Certificate of Professional Competence. It is required if you operate a commercial vehicle above 3.5 tonnes. That means, as part of acquiring your HGV Licence, you will need to obtain the CPC Qualification.
Types of Operator License
Restricted License
Restricted licenses are for those who carry their own goods or materials in connection with their trade or business. This license covers all transport operations in the United Kingdom.
Standard (National) License
Standard (national) licenses are for those who carry their own goods or materials for their trade or business and/or carry goods for hire or reward. This license covers all transport operations in the United Kingdom.
Someone in, or employed by, the company must hold a Transport Manager Certificate of Professional Competence (CPC) qualification
Standard (international) license
Standard (International) licenses are the same as Standard (National) Licences except they cover. transport operations throughout Europe.
Conclusion
Starting a business in a business capital country like the United Kingdom imposes a high probability of success and failure. It is a matter of how creative and innovative you are in your business. It also matters on your marketing strategy and connection established with other people or other business ventures. As a new player in the business world, starting an HGV Agency will be a better shot to make a name across the country.
There are a lot more strategies for making your business grow legally over your competitors. However, it is your decision on what will be possible for your business. For more tips, you may contact 3E Accounting United Kingdom.