Business Plans for
Innovator and Start-up Visas

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The UK Home Office introduced the new Innovator and Start-up visas after the closure of the Tier 1 (Entrepreneur) in March 2019. As an applicant, you now have to receive confirmation from an ‘endorsing body’ that your business will be ‘innovative, viable and scaleable’. Generally, this assessment is based on your presentation of the business idea, a detailed business plan and a pitch deck, so it is important to be prepared and ensure that the information is presented professionally and that all the figures are correct!

Your business plan can make or break your Innovator or Start-up visa application, so it is important that it is detailed, professional and that you are very familiar with it.

We can assess and advise on a plan you already have, or start working with you on it from scratch. This will include local market research and financial forecasting which not only increases your chances of a successful application, but also your chances of running a successful and profitable ongoing business in the future.

What is included in the business plan?

In general, your business plan should include an Executive Summary, with a succinct overview of the business, the industry and some information about what makes you qualified to start the business. Other important aspects include Sales and Marketing Methods, Market Research and Competitor Research. And most importantly of all, your financial forecasts for the first 3-5 years, in particular Revenue Forecast, P&L Forecast, Cash Flow Forecast and Balance Sheet Forecast.

We follow a format that includes a detailed written section and a comprehensive financial summary, emphasising the innovative aspects of your business idea as well as the viability and scalability throughout the plan. Your plan will include as standard:-

  • Executive Summary
  • Motivation
  • Sales & marketing methods
  • Staff profile/HR strategy
  • Investment strategy
  • Products & services
  • SWOT analysis
  • Market analysis
  • Competitor analysis
  • Innovation, viability & scalability
  • Cash flow forecast
  • Revenue forecast
  • Annual P&L forecast
  • Balance sheet forecast
  • Forecasted stock levels (if applicable)
  • Forecasted advertising/marketing expenditure
  • Forecasted fixed asset schedule
  • Forecasted staff costs
  • Appendices

We also work with you to tailor an individual approach. We realise that everyone’s business is personal and we aim to understand and include every facet of your business idea in order to create a unique result.

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How long does it take to complete?

In our experience, a business plan will generally take around 4 weeks to complete. We try to make the process as collaborative as possible and involve you in the process as much as possible to ensure that you are familiar with the plan. We are also available subsequently if you have follow up questions or need support submitting your application to the right endorsing body.

We also offer expedited services of 1 & 2 weeks if your application is time-sensitive.

What else do you need?

Endorsing Body Support

We have contacts and experience working with endorsing bodies. We can introduce you and make recommendations depending on the nature of your business to increase your chance of a successful application.

Visa Application

We have a large network of UK immigration lawyers and can make recommendations and connect you with a reliable lawyer based on your budget and language requirements, at no extra cost.

Business set-up and compliance

Once you’ve successfully got the visa, we can help you incorporate the company and assist with any ongoing compliance questions relating to tax and accounting.

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Schoolgate Accounting Services Ltd
Based on 21 reviews
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Juan Pablo Cortes
Juan Pablo Cortes
15:35 29 May 18
Schoolgate has provided a very professional service from the outset of my relationship with them. I was approached... directly by them as a new company incorporated in Companies House. Even though I quoted with 2 more service providers Schoolgate beat them in term of cost and service. They have always offered a personalised service and are available for any requirements. They currently deal with my company and personal tax issues and I have not had any issues or complaints. I've been working with them for almost 2 years and I look forward to continuing working with more
Meruert Rakhimova
Meruert Rakhimova
09:07 09 Apr 18
The firm has adopted an extreme customer oriented culture. As a client of Schoolgate Accounting Services, you are... likely to receive bespoke comprehensive accounting and para-financial services as "business as usual", whereas many accountants I have hired before charged for every single mental effort. With this firm I have a peace of mind that my company's affaires are professionally handled so my business is prudent before the U.K. regulator. The team at Schoolgate Accounting goes extra mile to ensure I have full answers to my questions and genuinely embraces vision of my company, which differentiates them from mainstream accountancy firms who tend to treat you as just another 'source of business'.read more
Filomena Thong
Filomena Thong
20:00 05 Apr 18
Luda and her team have been very helpful, supportive and professional since day 1. Luda is very personable and always... makes the time to respond to emails/calls even outside of hours. No task is too small or too big and you know they have your interests at hand. Bonus that they are local! Highly more
Alena Kaplan
Alena Kaplan
16:22 04 Apr 18
We switched to Schoolgate accounting services one year ago after a terrible experience with one accounting firm. I... couldn't be happier. For about the same cost, I get competent, responsive, timely tax and accounting services for our two small limited companies. And I absolutely love our accountant, Luda - she is very efficient, diligent and sharp. Almost all of the work is done by Internet/email/phone, so the distance is no more
Oxy S
Oxy S
23:12 03 Apr 18
I have been using Schoolgate Accounting services for about two years now and I am extremely pleased. They are very... professional, prompt and very knowledgeable. Their billing system is transparent and tailor made for each business or an individual. The owner of Schoolgate Accounting Luda Beanland is a very charming and very experienced chartered accountant and tax advisor. It is always a pleasure to come to their offices. I can only highly recommend this more
Pearl Cheng
Pearl Cheng
09:36 03 Apr 18
I used Schoolgate Accounting Services for my T1 Visa Application. They have provided me strong, efficient, professional... and responsive support. Without them I could not pass the application successfully and get my visa. All the staffs at Schoolgate are professional, patient and helpful. They think for you more than you do for yourself. I am so happy with Schoolgate's work that I have shifted all my business to them event after the application, Because I know they are trustworthy and more
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