Im considering opening my opening my own music shop, as its been an passion of mine for as long as I can remember, problem is where to start, does anyone know of any wholesalers/suplliers to purchase stock from? (preferably UK) do I require any permits or licenses? Any help anyone could offer would be great!!

Whether you require permits or licenses is up to local laws, so check a local chamber of commerce or equivalent. As for wholesalers, you can do a Google search or contact some of the major record labels directly.