Which Company Formation is right for me?

Custom Made or Ready Made? There are 2 types of company formation; Custom Made and Ready Made. Custom Made quite simply refers to the fact that you will be choosing your own name for your new company, which will be built from scratch. Ready Made companies have already been formed by us for the convenience of our customers who are not concerned about the name of their new company.

Aged Companies Our aged companies are essentially just "Ready Made" companies, which have been registered and aged for your convenience. These companies are generally older than 1 year, have never traded and annual documents have been filed at Companies House. The price will vary according to the age of the company.

Charities and Guarantees Generally, if you require a Charity or Guarantee structure for your company, you will already know this. Essentially these are non-profit making entities, which in the case of Charities are created to promote the interests and awareness of a particular cause. Guarantee companies are often formed by residents associations or sporting clubs to hold funds on behalf of a group.

Limited Liability Partnership A Limited Liability Partnership (LLP) combines features of limited company formation and partnerships. LLP is similar to a limited company registration in that it is a separate legal entity and the members take advantage of limited liability. The main difference is that where Limited Companies are required to abide by the terms and conditions set out in their Memorandum & Articles, a Limited Liability Partnership can be run in the same manner as a partnership. It is, however, advisable to enter into a legal agreement between the members to set guide lines as to how a situation should be dealt with in the future. We provide the recommended LLP agreements within your company package at no additional charge. LLP’s are treated as a partnership for the purpose of taxation.

PLC A public limited company is a company which is registered as such and complies with the following: It must state that it is a public limited company both in its memorandum and in its name. The memorandum must contain a clause stating that it is a public limited company and the name must end with 'Public Limited Company' or 'PLC'. It must have an authorised share capital of at least £50,000. Before it can start business, it must have allotted shares to the value of at least £50,000. A quarter of them, £12,500, must be paid up. Each allotted share must be paid up to at least one quarter of its nominal value together with the whole of any premium.