Investing Company funds

[dandanthewatchman]

I have a limited company that has some spare cash in it. It is earmarked for property investments, but finding value at the moment is tricky.

I was thinking of investing some of the cash - something really quite simple and similar to the Vanguard ISA’s I have

Does anyone know of a similar platform or provider where they will open an account for a company as opposed to an individual

I’m not looking for advice as to what are good investments and risk etc., just someone’s experience of a suitable platform


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[David_D]

If it’s a trading company, might be worth checking with your accountant to ensure that the plan doesn’t cause any tax issues - probably most likely down the line rather than immediately.

EDIT: Various other issues worth considering if you haven’t already:
https://www.alchemyaccountancy.com/n...-stock-market/

[JoeyTudor]

Learn about Bitcoin

[Dave O'Sullivan]

You should be able to open a GIA using company money. Obviously no tax relief on any gains but at least the money is at work.

[dandanthewatchman]

You should be able to open a GIA using company money. Obviously no tax relief on any gains but at least the money is at work.

Thanks and a General Investment Account is what I am looking for. Just looking for a platform that will provide that


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[dandanthewatchman]

If it’s a trading company, might be worth checking with your accountant to ensure that the plan doesn’t cause any tax issues - probably most likely down the line rather than immediately.

EDIT: Various other issues worth considering if you haven’t already:
https://www.alchemyaccountancy.com/n...-stock-market/

Thanks for that useful link. I am aware of the tax consequences but this is an investment company not a trading company so some of the issues highlighted in that link are ok for me


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[ianlib]

HL (Hargreaves Lansdown) can provide share and fund accounts to limited companies. I believe you have to call them (0117-900-9000), rather than apply online.

But as others have said, you may want to talk to your accountant first.

[dandanthewatchman]

HL (Hargreaves Lansdown) can provide share and fund accounts to limited companies. I believe you have to call them (0117-900-9000), rather than apply online.

But as others have said, you may want to talk to your accountant first.

Thanks for that. Might explain why couldn’t find on line

Accountant’s advice already sought.


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[watchlovr]

I was told by my accountant to leave the money in the company account and not mess with it.
My understanding of it was that if for example this was tax/vat waiting to get paid out, any potential profit on investing it would also be due to the taxman/vat.
This was quite a while ago, maybe things have changed.

[number2]

Do you know Ted Crilly?

[ViperStripes]

WiseAlpha offer company accounts.