How to Go About Registering a Domiciliary Care Service in the UK?

Domiciliary services, or in simpler words, social care services adhere to strict guidelines as per the Health and Social Care Act in 2008 and its further upgrades in 2012. Although the idea of going forward with a social care service is commendable, it is a tough proposition without a doubt.Putting the best foot forward can ease the overall process once it starts functioning. As a matter of fact, that is just where the guidelines and strictures come in. Registering a domiciliary care service in the UK is a long-tailed procedure. However, here’s your thorough guide to it.CQC Registration:Every single social care service in the UK requires registration under the Care Quality Commission or CQC. Considering that this is a £7.8 billion per annum industry, adherence is sacrosanct. 84% of the sum total functionaries in this field are private or voluntary organizations.How to Apply for a CQC Registration?

Apply and attain a Disclosure Barring Service check.

Career history or individual previous employment references.

Register as an organization, a partnership undertaking or an individual.

Comply with the Registered-Manager pre-requisites.

Provide a ‘Statement of Purpose,’ why choosing to partake in this business sector.

Await registration confirmation and functional green light.

Staff Qualification and Training Recognition:


Every single caretaker personnel in this sector needs to comply with CQC’s Common Inductions Standards policy. Without this compliance and certification, the individual is not legally fit to function as a staff in UK’s adult social care sector. Any person aiming to function as a caretaker needs to complete these standards.Satisfying Management Personnel Pre-Requisites:There are multiple other roles which the overall organization needs to maintain for the registration. It’s obvious that a social care outfit will not have just a caretaker staff managing the whole setup.Two must-have management staff requirements plus their eligibility criteria are: -

RM –

As per guidelines, a care service requires a registered-manager as part of their staff. An RM for this service sector needs to have requisite qualifications.A prospective RM must have a QCF (Quality Compliance Functionary) Diploma Level 5 via either Management of Adult Services or Management of Adult Residential Services.For an individual without this diploma, he/she has to complete it within 2 years of the commencement of duty.

RI –

Although referring conclusively to an RM functionary, RI is the individual responsible for running a care setup. Functions rarely involve directly providing the service in concern. Instead, it concerns managing the end-to-end functionality of the setup.Financial or Funding Guarantees:Financing or funding a social care setup increasingly depends on tenders. A setup in this industry sector which is not functioning to its optimal performance can end up as a loss-making venture.Attracting or inviting tenders requires filling up the Pre Qualification Questionnaire (PQQ). Along with this, there are certain other pointers of mandatory providence: -

CQC registration proof.

Financial viability evidence.

Mentioning prosecutions, insolvencies, etc. if any.

Incorporation certificate.

Why Referring to Quality Compliance Systems will prove beneficial?


Quality Compliance Systems provide a holistic one-in-all solution to these services.You can obviously see that there are numerous pointers you need to cover for getting your social care start-up running. A QCS can provide you with every single pointer of these pre-requisites in a single format sequentially to ensure that your initial stages of implementation go through without a single hiccup.An in-depth procedural knowledge about CQC guidelines, step-by-step methodology and legal aid compile just an overview of what you will get from a professional QCS service provider.Referring to the best QCS means that you’re solving every single one of these requirements in one go. Furthermore, they will help you in integrating quality assessment audits for optimal functionality of your setup.Take help from a leading QC provider and get your social care start-up set and running smoothly.

Alternative Financing Vs. Venture Capital: Which Option Is Best for Boosting Working Capital?

There are several potential financing options available to cash-strapped businesses that need a healthy dose of working capital. A bank loan or line of credit is often the first option that owners think of – and for businesses that qualify, this may be the best option.

In today’s uncertain business, economic and regulatory environment, qualifying for a bank loan can be difficult – especially for start-up companies and those that have experienced any type of financial difficulty. Sometimes, owners of businesses that don’t qualify for a bank loan decide that seeking venture capital or bringing on equity investors are other viable options.

But are they really? While there are some potential benefits to bringing venture capital and so-called “angel” investors into your business, there are drawbacks as well. Unfortunately, owners sometimes don’t think about these drawbacks until the ink has dried on a contract with a venture capitalist or angel investor – and it’s too late to back out of the deal.

Different Types of Financing

One problem with bringing in equity investors to help provide a working capital boost is that working capital and equity are really two different types of financing.

Working capital – or the money that is used to pay business expenses incurred during the time lag until cash from sales (or accounts receivable) is collected – is short-term in nature, so it should be financed via a short-term financing tool. Equity, however, should generally be used to finance rapid growth, business expansion, acquisitions or the purchase of long-term assets, which are defined as assets that are repaid over more than one 12-month business cycle.

But the biggest drawback to bringing equity investors into your business is a potential loss of control. When you sell equity (or shares) in your business to venture capitalists or angels, you are giving up a percentage of ownership in your business, and you may be doing so at an inopportune time. With this dilution of ownership most often comes a loss of control over some or all of the most important business decisions that must be made.

Sometimes, owners are enticed to sell equity by the fact that there is little (if any) out-of-pocket expense. Unlike debt financing, you don’t usually pay interest with equity financing. The equity investor gains its return via the ownership stake gained in your business. But the long-term “cost” of selling equity is always much higher than the short-term cost of debt, in terms of both actual cash cost as well as soft costs like the loss of control and stewardship of your company and the potential future value of the ownership shares that are sold.

Alternative Financing Solutions

But what if your business needs working capital and you don’t qualify for a bank loan or line of credit? Alternative financing solutions are often appropriate for injecting working capital into businesses in this situation. Three of the most common types of alternative financing used by such businesses are:

1. Full-Service Factoring - Businesses sell outstanding accounts receivable on an ongoing basis to a commercial finance (or factoring) company at a discount. The factoring company then manages the receivable until it is paid. Factoring is a well-established and accepted method of temporary alternative finance that is especially well-suited for rapidly growing companies and those with customer concentrations.

2. Accounts Receivable (A/R) Financing - A/R financing is an ideal solution for companies that are not yet bankable but have a stable financial condition and a more diverse customer base. Here, the business provides details on all accounts receivable and pledges those assets as collateral. The proceeds of those receivables are sent to a lockbox while the finance company calculates a borrowing base to determine the amount the company can borrow. When the borrower needs money, it makes an advance request and the finance company advances money using a percentage of the accounts receivable.

3. Asset-Based Lending (ABL) - This is a credit facility secured by all of a company’s assets, which may include A/R, equipment and inventory. Unlike with factoring, the business continues to manage and collect its own receivables and submits collateral reports on an ongoing basis to the finance company, which will review and periodically audit the reports.

In addition to providing working capital and enabling owners to maintain business control, alternative financing may provide other benefits as well:

  • It’s easy to determine the exact cost of financing and obtain an increase.
  • Professional collateral management can be included depending on the facility type and the lender.
  • Real-time, online interactive reporting is often available.
  • It may provide the business with access to more capital.
  • It’s flexible – financing ebbs and flows with the business’ needs.

It’s important to note that there are some circumstances in which equity is a viable and attractive financing solution. This is especially true in cases of business expansion and acquisition and new product launches – these are capital needs that are not generally well suited to debt financing. However, equity is not usually the appropriate financing solution to solve a working capital problem or help plug a cash-flow gap.

A Precious Commodity

Remember that business equity is a precious commodity that should only be considered under the right circumstances and at the right time. When equity financing is sought, ideally this should be done at a time when the company has good growth prospects and a significant cash need for this growth. Ideally, majority ownership (and thus, absolute control) should remain with the company founder(s).

Alternative financing solutions like factoring, A/R financing and ABL can provide the working capital boost many cash-strapped businesses that don’t qualify for bank financing need – without diluting ownership and possibly giving up business control at an inopportune time for the owner. If and when these companies become bankable later, it’s often an easy transition to a traditional bank line of credit. Your banker may be able to refer you to a commercial finance company that can offer the right type of alternative financing solution for your particular situation.

Taking the time to understand all the different financing options available to your business, and the pros and cons of each, is the best way to make sure you choose the best option for your business. The use of alternative financing can help your company grow without diluting your ownership. After all, it’s your business – shouldn’t you keep as much of it as possible?