I've just set up and this is what I found......
Forget the NASC you can't join for 2 years, also consider you will need an operators licence for your truck, this will require you to have £3200 in you account for the time it takes to process your application ( this can take take 9 weeks).Buy your gear with an intrest free credit card, theres loads about. Its cheaper than a loan and you'll have 16 months to pay it back depending on your circumstances.
Key thing is to keep your overheads low, you can undercut anyone in the game if its just your labour your paying for. Go for solar jobs , they are up for a couple of days and then down again so you get a quick turn around and don't needs loads of gear. Be reliable and do what you say your going to do. Never slag off the oposition as you never know when you might need them, or who your slagging them off to.
Get you and your wife, partner on the books as employees to lower your tax threshold you can both earn approx 9k per year without paying tax now, you can make your money (providing you don't make a loss) in dividends.You will also be able to claim family tax credits if you do this
The biggest problem you will have is cash flow, as soon as a job is up , invoice it ! cashflow is king with a new company, and chase a debt, don't let people think your a soft touch or you will get the p*ss taken out of you by everybody and thats not good in this game.
Follow the rules as far as vat and cis are concerned, you can never beat the system..FACT
Good things are the fact that you can do the job as you like it , and its very rewarding when it goes well,don't get a partner you'll only regret it later when you have to split the money with a bloke , thats reliable, but little else (had that on my last company, and he was a bricklayer...vermin)
Go for it and don't spend the rest of your life wondering !
By the way, that's probably the most sensible thing I've ever posted on this forum
Well done Russ.
Nice, sensible post deployment there mate...