ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Business Profit for the first 3 years

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

Locked
ceobot
Junior Member
Posts: 81
Joined: Wed Jul 20, 2011 5:42 pm

Business Profit for the first 3 years

Post by ceobot » Fri Nov 08, 2013 10:56 am

In the Financial section of my business plan the net profit of my business for the first 3 years as follows:

1st year - £10,000
2nd year - £20,000
3rd year - £30,000

I didn't find any requirement regarding the net profit, however just want to ask your opinion, would this profit will be enough to prove my business is worth to stay here in UK?

tanvir1985th
Member of Standing
Posts: 279
Joined: Sun May 05, 2013 12:12 pm
Location: United Kingdom

Re: Business Profit for the first 3 years

Post by tanvir1985th » Fri Nov 08, 2013 1:33 pm

ceobot wrote:In the Financial section of my business plan the net profit of my business for the first 3 years as follows:

1st year - £10,000
2nd year - £20,000
3rd year - £30,000

I didn't find any requirement regarding the net profit, however just want to ask your opinion, would this profit will be enough to prove my business is worth to stay here in UK?
this is not required neither necessary nor will have any effect in decision making. but yea you can provide this

User avatar
annoyedatukba
Member of Standing
Posts: 321
Joined: Wed May 01, 2013 11:26 am

Re: Business Profit for the first 3 years

Post by annoyedatukba » Fri Nov 08, 2013 2:20 pm

ceobot wrote:In the Financial section of my business plan the net profit of my business for the first 3 years as follows:

1st year - £10,000
2nd year - £20,000
3rd year - £30,000

I didn't find any requirement regarding the net profit, however just want to ask your opinion, would this profit will be enough to prove my business is worth to stay here in UK?
As far as I know that there is no rule regarding the amount of profit or loss that you make. It has absolutely no bearing on the decision. All they care about is that you are trading at the time of your extension.

Locked