I currently own a business that is now fully up and running, the company has employees, VAT registered, all insurances etc and is basically now looking after itself. I am looking at diversification into a new revenue stream which is completely different to my existing company and was wondering on your thoughts on how to set this up (I'm going to talk to my CA but it is a holiday weekend). The new venture will not meet the VAT threshold but will benefit from reclaiming VAT. As previously stated, the new venture is completely different and the existing business has a task specific name and will confuse people if used for the new venture. One other point is that I will be the financial backer of the new venture and someone else will be the technical backer. I will not split any onwership of the existing company. Now the easiest solution is to create a new company but is there another way? Could I create a sub division?