What Do I Need to Start a Skip Hire Business in Leicestershire?

Skip Hire Leicestershire is a skip hire company operating in Leicestershire, East Midlands, England. If you are interested in starting a skip hire business in Leicestershire, this landing page will provide you with relevant information on how to get started.

Why Start a Skip Hire Business in Leicestershire?

Skip hire is a profitable business in the UK as local authorities require residents and businesses to dispose of their waste responsibly. Furthermore, the UK government has placed emphasis on reducing environmental pollution by encouraging recycling and reducing landfill. This presents a lucrative opportunity for skip hire businesses to make a positive impact on the environment while generating revenue.

Leicestershire is a large county with a population of approximately one million, comprising of both urban and rural areas. This provides a ready market for a skip hire business as people generate waste daily, which they need to dispose of properly. This demand also makes it easier for skip hire businesses to find customers in Leicestershire.

Business Plan

Like any other business, a skip hire business requires a business plan to articulate its objectives, strategies, and operations. A business plan is important because it provides clarity and direction for the business, and helps secure funding or investment. A good business plan should include the following elements:

Executive Summary

This is a brief summary of the entire business plan. It should highlight the key aspects of the business, such as the target market, products and services offered, and the competitive landscape.

Company Description

This section should provide comprehensive information about the skip hire business, including its name, location, legal structure, history, mission statement, and ownership structure.

Services Offered

This should outline the different skip hire services that your business will offer. For instance, the business could offer various container sizes or transportation options.

Market Analysis

This section should include a detailed analysis of the target market, including its size, demographics, needs, and competition. This analysis should help the business understand the local market and determine how to best meet the customer's needs.

Marketing Strategies

This section should provide detailed information on how the business intends to reach its target market, such as advertising, promotions, and partnerships. It should also include details about pricing, social media, and other marketing channels.

Financial Projections

This section should include the business's financial projections, including revenue, expenses, and profits. It should also include details about funding or investment, capital expenses, and cash flow.

Skip Hire

As the name suggests, skip hire involves renting out skips or containers for customers to dispose of waste. Skips come in many different sizes to cater for various projects or volumes of waste. For instance, commercial skips are usually larger than domestic skips because commercial projects generate more waste. Depending on the nature of the business, they could offer different skip sizes to suit their customers' needs.

How to Start a Skip Hire Business

Starting a skip hire business requires adequate planning, preparation, and investment. The following are the main steps involved in starting a skip hire business in Leicestershire:

Research the Market

Research is critical when starting any business. It helps to determine the viability of the idea and the potential competition. Before starting a skip hire business, research the local market to identify the demand, competitors, and potential customers.

Register Your Business

Register your skip hire business with Companies House, which registers limited companies in the UK. You will also need to register for tax with HM Revenue and Customs (HMRC). Your legal structure will determine how you register your business, and you could seek professional legal advice in this regard.

Acquire the Necessary Licenses and Permits

Skip hire is a regulated industry that requires specific licenses and permits to operate. The Environment Agency in the UK regulates the environmental aspects of skip hire businesses. You will need a waste carrier's license and a waste management permit to operate a skip hire business in Leicestershire.

Purchase/Lease/ Hire Skips

Skip hire businesses require skips to provide their services. You could buy, lease or hire skips from suppliers to start your business. It's important to factor in the size of the intended business when deciding on which skip option to go for. You will need to account for logistics as well, as the skips will need to be transported to the customers.

Hire Staff

Skip hire businesses require staff to handle the transportation, delivery, and collection of skips. You could employ drivers, administrative staff, and field staff depending on the size of the business.

Decide on Pricing Strategies

Pricing is one of the critical factors to consider when starting a skip hire business. You should research the market prices, consider your competition, and determine the costs of running the business to come up with appropriate prices.

Marketing Your Business

Marketing is crucial for getting customers for a business. As a new business, a strong online presence combined with advertising campaigns could do wonders for your new venture.

Services Offered

Skip hire services should take into account the needs of the customers while taking environmental factors into consideration. Some of the skip hire services that could be offered are:

Mini Skips

Mini skips are suitable for domestic customers who need to dispose of household waste. They can also be used for small renovation projects.

Midi Skips

Midi skips are slightly larger than mini skips and are suitable for small to medium construction projects.

Builders Skips

Builders skips are used by customers who generate large quantities of construction waste, such as roofing tiles, bricks, and rubble.

Large Skips

Large skips are used by larger commercial customers or customers with massive amounts of waste. They come in a variety of sizes.

Wait and Load

Wait and load services are ideal for customers with limited space because skips are not delivered; instead, a truck collects the waste immediately.

Conclusion

Starting a skip hire business in Leicestershire requires proper planning, preparation, and investment. The business plan should account for the cost of acquiring and maintaining the skips, registering licenses and permits, hiring staff and securing a market share. Remember that skip hire businesses have the opportunity to make an impact on the environment while making money. At Skip Hire Leicestershire we are here to help you start your skip hire business, contact us today on 0116 442 2155 or visit our website to see what we could offer.