HMRC, Companies House, and the Office for National Statistics (ONS) carry important information about the businesses in the UK. It’s a legal requirement to have a SIC code if you are running a company.
Through our arrangement with Barclays bank business account offer a simple company formation and fast track business bank account service. This means that as well as completing the formation of your new company, we will also help you to apply for a business bank account.
You may already have a name in mind for your new companies house name availability, but the first thing you should do is to check whether your chosen name is actually available, and is not currently being used by someone else. This will save you a lot of time later on down the line when you are ready to incorporate your company only to find that you cannot use your chosen trading name.
Your Standard Industrial Classification (SIC) nature of business sic code is an important part of classifying who you are and what you do as a company. When you open your company you will have a SIC code that you will submit along with your annual returns.
The process of appointing a new director involves ensuring that the person is a suitable candidate and they meet all the necessary requirements for the position. Once you are certain you have the right person, you can begin the process of appointing a new director companies house form ap01.
A public limited company, or 'PLC' for short, is a company that is legally allowed to offer its shares for sale to the public. They don't have to offer shares to the public if they choose not to, but the option is there if and when needed.
lloyds online business banking offers new and existing businesses an account that can match your ambition. With a broad range of time-saving tools and tips, the Lloyds Bank Business Current Account can help you focus on what matters; starting or growing a successful business.
You need to make sure that you don’t use any offensive words or include sensitive words that are disallowed by Companies House. Here is a current list of companies house name availability
specified in regulations that require the prior approval of the Secretary of State to use in a company or business name.
File a Confirmation Statement is a document that has replaced what was known as your Annual Return. It is simply a statement that tells Companies House about your company status.
Webcheck beta services that businesses and the general public can utilize to access information about limited companies registered in the UK. The majority of the documents is obtainable as images, and can be downloaded for free within minutes; however, some reports and documents do attract a small administrative charge.
Disadvantages of private limited company:
Must incorporate the company with Companies House.
Generally, there are more costs to set up.
One cannot be a director of a company if he is disqualified director or un-discharged bankrupt.
There are certain restrictions with regard to the company name.
The information relating to the owner of the company and the company are displayed on public record.
Beta Webcheck is a service that businesses and the general public can utilize to access information about limited companies registered in the UK. The majority of the documents is obtainable as images, and can be downloaded for free within minutes; however, some reports and documents do attract a small administrative charge.
You can change accounting reference date subsequent to company formation – if you plan to prolong or reduce your twelve-month financial year. Nevertheless, you can only do this before the deadline for providing the annual accounts for the present or previous financial year. You can’t alter your ARD if your annual accounts are late.
Company names are often changed if a company has been bought by new owners or it has merged with another business. If there is a group of companies with different brand identities, a board may decide to rebrand under one name to reduce marketing costs and increase visibility. For help and advice on change limited company name, please call us on +44 (0) 207 689 7888 or email us at info@yourcompanyformations.co.uk.
A Barclays current account provides your company with everything you need to manage your finances. When it comes to company formation business banking, their service is tailored to your business needs; it’s simple and intuitive.
As a company owner or director, you are responsible for maintaining certain statutory registers. One of the most important registers to keep up to date is the register of members. If your company issues shares, the register of members is also known as the register of directors.
When you lose or gain a shareholder, the company director should notify Companies House director resignation. You will need to supply them with the name and date of membership of new shareholders as well as the name and date of the departure of a shareholder.
