If you are buying goods specifically to resell then as far as HMRC are concerned you are a business and are legally required to register as such, either as a sole trader or a ltd co.
HMRC do not particularly bother what name your business trades under but they do care that all earned income is declared and any tax due is paid.
As for advice on how to operate, I and most others would suggest you take professional advice i.e. an accountant or tax advisor.
There are no issues with e/b p/p or HMRC providing you conduct your business affairs properly.
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