Best of the Week
Most Popular
1. Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - Nadeem_Walayat
2.Gold Price Forecast 2018 - February Update - Nadeem_Walayat
3.Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? - Nadeem_Walayat
4.Trump Bubble Bursts, Stock Market Panic Dow 1175 Point Crash Analysis - Nadeem_Walayat
5.Gold Corrects, Bitcoin Markets Crash, Whilst Stocks Plunge - Nadeem_Walayat
6.US Treasury Bonds: Fuse to Light the Bonfire - Jim_Willie_CB
7.Dow Falls 666 Points As Cryptocurrencies Crash And Krugman Emerges From His Van - Jeff_Berwick
8.Stock Market Roller Coaster Crash Ride Down to Dow Forecast 23,000 - Nadeem_Walayat
9.Trading the Shadows - Oil, Dollar, Stocks, Gold Trend Analysis - B.R. Hollister
10.Stock Market Analysis: Baying for Blood - Abalgorithm
Last 7 days
How Inflation Reduces The Real Value Of Social Security Net Of Medicare Premiums - 19th Feb 18
Could Stellar Lumens be a Challenger to Bitcoin for International Payments? - 19th Feb 18
US-China Trade War Escalates As Further Measures Are Taken - 19th Feb 18
How To Trade Gold Stocks with Momentum - 19th Feb 18
Is a New Gold Bull Market on the Horizon? - 19th Feb 18
Stock Market Decision Point! - 19th Feb 18
An Inflation Indicator to Watch, Part 1 - 18th Feb 18
Get on Top Of Debt Before It Gets on Top of You - 18th Feb 18
Will the Stock Market Make a Double Bottom? - 18th Feb 18
5 Reasons Why Commodities Are the Investment Place to be in 2018 - 18th Feb 18
1 Week Later, Stock, Bond Market Risk Remains ‘On’ as 2 of 3 Amigos Ride On - 17th Feb 18
Crude Oil Prices: A Case of Dueling Narratives? - 17th Feb 18
Free 1000 Youtube Subscribers Services - YTpals, Subpals, SubmeNow Test - 17th Feb 18
How to Trade as We Near March Stock Market Top - 16th Feb 18
Bitcoin as Poison - 16th Feb 18
GDX Gold ETF Weathers Stock Market Selloff - 16th Feb 18
Casino Statistics and Demographics - 16th Feb 18
IS Today Thee Stock Market Turn Day? - 16th Feb 18
Huge SMIGGLE Shopping HAUL, Pencil Cases, Drinks Bottles, Back Packs, Toys.... - 16th Feb 18
Tesla Cash Keeps Burning at $320 a Share - 15th Feb 18
Big Conflict Ahead in the Financial Markets - 15th Feb 18
Stocks Extend Rally Off Friday's Low, But Short-Term Exhaustion Near - 15th Feb 18
Stock Market Out on a Limb... - 15th Feb 18
Things Only a True Friend Would Say About Gold - 14th Feb 18
Global Debt Crisis II Cometh - 14th Feb 18
Understanding Crude Oil Behavior - 14th Feb 18
Stock Market is Getting Scary... - 14th Feb 18
Stock Market - This Time is Different. Really?! - 13th Feb 18
Gold and Silver Long-term Buy, Short-term Sell Signal - 13th Feb 18
SPX Futures Are Sliding... - 13th Feb 18
Stock Market Topping Process Begins. The Bubble Finds its Pin - 13th Feb 18
Math Behind the Stock Market Crash and What’s Next – PART2 - 13th Feb 18
Gold Stocks Groundhog Week - 13th Feb 18
Platinum Looks Poised for Surprising Gains This Year - 12th Feb 18
Friday's S&P 500 Stock Market Bounce To Continue, But Selling May Resume - 12th Feb 18
The Inflation Trade and Bond Yields Rising Result in Equities Correction - 12th Feb 18
February 2018 Stock Market Crisis – What Next? - 12th Feb 18
How To Profit From The Bitcoin Bloodbath - 12th Feb 18
The Philippine Economic Dream Could Be Within the Reach  - 12th Feb 18
Is the Stock Market Correction Over? - 12th Feb 18
What Does the Stock Market Decline Mean for Gold - 12th Feb 18
Addicted to SMIGGLE Mega Review, Pencil Cases, Stationary, Back Packs, Drinking Bottles, Toys... - 12th Feb 18
Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - 11th Feb 18
The Fed’s Impossible Choice, In Three Charts - 11th Feb 18
US Stock Market, Gold, Silver and the Macro Backdrop - 11th Feb 18
After Two weeks of Stock Market Decline, People Are Ssking, “Are We There Yet?” - 11th Feb 18
How to Grow Tomatoes From Seeds, Homegrown Organic Money Saving Gardening - 11th Feb 18
Youtube KILLS ALL Small Channels with New DeMonetization Rules - 11th Feb 18

Market Oracle FREE Newsletter

Urgent Stock Market Message

Registered Address.co.uk London Business Registered Office Address Mail Forwarding Review

ConsumerWatch / SME Jan 11, 2017 - 06:05 PM GMT

By: N_Walayat

ConsumerWatch

Registered address.co.uk is just one of many similar services that offer UK companies the use of business addresses for business correspondence purposes not just in some of Britain's prime locations such as central London but some even offer addresses across the worlds major cities, thus allowing companies to gain a postal address footprint worldwide.


This is review is of what one can expect as a real customer use of one of the increasingly popular services, registeredress.co.uk that currently focuses on offering 3 London addresses from East London, the City of London and Kensington. Addresses that can be used both for business and official registered office mail with extra bolt on services available such as a £10 charge for the receipt of parcels.

The core service works in terms of offering use of 1 of 3 currently available business addresses through payment of an annual subscription fee plus a further fee for x number of letters to be forwarded onto the businesses forwarding to address. The business letters allowance can be topped up at anytime during the year, and a log in control panel lists letters and any other credit balance.

The core service is usually supplemented by use as also the companies official registered office address i.e. for HMRC and Companies House purposes, as well as further bolt on's available such as for use as directors address, or as a virtual telephony service.

THE COST

The current cost (Jan 2017) for a company signing up with registeredaddrerss.co.uk for a typical service of say use for business and official mail calculates to a fee of £192 for an initial quota of 20 business letters and technically unlimited official mail forwarding though in practice this usually tends to be average under 10 per annum.

The price of £192 is BEFORE any discounts running at the time of signing up as registeredaddress.co.uk do tend to run periodic discount sales during the year, for instance during December the offer was for 15% OFF ALL SERVICES, whilst in January this has jumped to 30% OFF ALL SERVICES!

So today the £192 fee would convert into just £134.40 after the 30% January discount.

RENEWALS

Now, before you all go rushing off to join registered address or similar outfits, there is one major fly in the ointment that I should mention, and that is what happens at the time of renewal. So whilst the basic core business service as listed above would cost a new customer signing up today £192 before discount and £134.40 after the current promotional discount, however for the exact same service for a business renewing for a further 12 months then that fee jumps to £300!

Worse still is that the 30% discount that's supposed to apply to ALL SERVICES apparently does not work for existing customers at renewal, where on entering the code get a message that the "Discount code is invalid". Whilst logging out and doing the same as a new customer results in the discount code being accepted.

£300 amounts to a 40% increase on the existing new customer fee of £192 before discount.

£300 amounts to a 70% increase on the existing new customer fee of £134.40 after the current 30% discounts.

Something those seeking to use a third party address service need to be aware of that after making use of the new business address i.e. on business stationary and signage that at the time of renewal are going to be hit with sizeable unexpected price hike.

I contacted registered address 4 times by email for why they charge existing customers near double that for new customers, and finally got a response 10 days later stating -

- The renewal fees are different from the fees shown on the front page of the website. Those fees are introductory prices for the first year of the service.

However, the ONLY prices listed on the website are those that apparently only apply to new customers. Nowhere is indicated to expect a 40% price hike at time of renewal.

On the plus side contacting registeredaddress.co.uk and questioning their price hike has resulted in a 20% discount code that did work, so the actual renewal cost was reduced to from £300 to £240, but this is AFTER a 20% discount which may not work in subsequent year. So the cost at renewal is £240 against £134.40 for someone signing up today. However the cost at the very least should be the same as that which is quoted on their site as the normal price before any discount running at the time i.e. £192, so the effective price hike at renewal is 25% (after receipt of a 20% discount code).

In conclusion services such as registered address are great for small businesses that want a foot print in a prime location., However understand that use of such addresses can carry unanticipated extra costs at the time of renewal that need to be factored i.e. as this example illustrates to expect to be billed 40% more than the 'normal price' of that which new customers are likely to pay i.e. here the renewal fee was first £300, then after a 20% discount falling to £240 against £134.40 for a new customer signing up to the same service today.

Overall I rate registered address 9/10 in terms a of service reliability and 6/10 in terms of value of money due to the sharp unexpected price hike at time of renewal for which there is NO indication of on their website that customers signing up today are likely to be hit with such a sharp price hike at the time of renewal and there remains the risk that the such price hikes could continue at future renewals, i.e. the ratcheting up of the fee charged each year as the customer becomes ever more committed to the use of the address.

Also whilst this is a review of registered address, do expect similar from all such service providers in this unregulated sector.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 Ebook5The Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules