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A company can have may business activities hence there is no issue with that. You may need to simply update your memo and articles to include such activities.
For tax purposes, you pay tax on net profit or loss of all your businesses under the same company.
Hence if the net is a loss you carryforward the loss.
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So you are saying that I can do this if I wish and lets say 10k travelling expenses are incurred every year, as long as the engineering company can cover this loss I am clear (and also reducing my overall tax bill if the photography does not do well)?
Obviously I would set up a website to market the photos I take.
There are many companies that offer diverse services - good example General Electric which provides financial services and engineering services etc; or Virgin Group etc. All your trading income is combined into one- even though you may maintain separate records to monitor the performance of each division. Travelling costs incurred for business activities are deductible expenses. There is no requirement for the engineering division to make enough profits on its own. As long as all these activities are under the same company. Howev
Ofcourse the main advantage of using one company is to offset the profits against expenses as i have said above. However separating the activities into separate companies, though the may be not much tax advantages your main advantage in doing this is segregation of liabilities and you avoid cross contamination of liabilities ie in the case of too many losses in one business the whole company can be put for liquidation or made bankrupt even though the other business is doing great.
Could you let me know if you have any further questions.