[John Mart]

GoCardless transfers money daily into a separate account of ours that's used for nothing else.

Then, once a week, we check Aworka for the amounts collected per franchisee and that amount is transferred to the franchisees.

It's because the money passes through one of our accounts that it's vital to clarify on every invoice that we are acting as agents in collecting the cash. If that's not crystal clear, you could end up in a world of VAT pain.

Vin

What are you plans on VAT? I'm assuming that if the royalties from all your franchisees plus your own work exceed the VAT limit you have to register? Will you just stay under?