Same day new company formation in the UK

New Company Group offer cost effective professional solutions for new company formers. With over 30 years experience within the industry we are equipped to offer the best service around.

We ensure our clients are provided with the full trading provision unlike many other formation services tied to specific arrangements with banks and financial institutions offering low cost e-packages (see our buyer beware). Our price includes Companies House registration fee plus the provision of Original Certificate of Incorporation which you will require. If you were to purchase this post formation at Companies House it would cost you an additional £15.00.

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Compare our Formation Packages

Ltd Company Formation Complete Trading Package
Paid duties & fees
Certification of Incorporation
3 sets of bound copies of Memorandum and Articles of Association
Share Certificates
First minutes
Online appointments of all Directors & Subscribers
Online appointment of Registered Office
Lloyds or Barclays Business Account
Filing of SIC Coding
Filing of PSC
Order Complete Trading Package (£55.00)

Dormant Company Registration
Paid duties & fees
Certification of Incorporation
Memorandum and articles of association
Filing of Director/s and Subscriber/s
Incorporation documents sent by email in PDF format.
Hard copies of documents can be purchased post incorporation.
Order Dormant Company Package (£23.50)

To comply with anti money laundering (aml) regulations and know your client (kyc) requirements we are legally obligated to check ID and proof of address documents for professional intermediaries and company officers. We will process UK residents through our ID verification process, and all non UK residents will be required to provide proof of photo ID and proof of address documents of support.

Frequently asked questions when setting up a new company

Why should I form a new limited company?

There are several reasons why you might consider forming a new limited company. Here are a few:

Limited liability protection: One of the main advantages of forming a limited company is that it provides limited liability protection to its shareholders. This means that the personal assets of the shareholders are protected in the event of any financial difficulty or legal action against the company.

Tax benefits: Depending on your circumstances, you may be able to benefit from tax advantages by operating your business through a limited company. For example, you may be able to pay less tax on your profits, and you may be able to claim tax-deductible expenses.

Professional image: Forming a limited company can give your business a more professional image. It can also make it easier to raise capital and attract investors.

Separation of personal and business assets: By forming a limited company, you can keep your personal assets separate from your business assets. This can make it easier to manage your finances and protect your personal assets.

Growth potential: If you have plans to grow your business, forming a limited company can be a good way to facilitate this. It can make it easier to raise capital and attract new customers, and it can also provide more opportunities for expansion.

You should consult with a professional company formation advisor to determine whether it is the best option for your specific circumstances. Speak to a company agent here

What does a company limited by shares mean?

A company limited by shares is a type of company structure in which the liability of the shareholders is limited to the amount of their investment in the company. This means that if the company faces financial difficulties or legal action, the shareholders will not be held personally responsible for any debts or obligations beyond their initial investment.

In a company limited by shares, the capital of the company is divided into shares which are owned by the shareholders. The shareholders are entitled to receive a share of the profits of the company in proportion to the number of shares they own. They may also have the right to vote on important decisions affecting the company.

The shares in a company limited by shares can be freely bought and sold by the shareholders, subject to any restrictions set out in the company’s articles of association. The shareholders can also transfer their shares to other people or entities.

Examples of companies limited by shares include publicly traded companies on stock exchanges, as well as smaller private companies that are owned by a group of shareholders.

Do I need a business bank account?

Yes, a limited company is legally required to have a separate business bank account. This is because a limited company is a separate legal entity from its shareholders, and therefore it must have its own bank account to conduct its financial transactions.

Having a separate business bank account for your limited company helps to ensure that your personal and business finances are kept separate. This can make it easier to manage your finances, keep accurate records, and comply with accounting and tax requirements.

In addition, having a separate business bank account can help you to present a more professional image to your customers, suppliers, and other stakeholders. It can also help you to manage your cash flow more effectively and make it easier to access funding and credit facilities if needed.

Therefore, if you are operating a limited company, it is important to open a separate business bank account as soon as possible. New Company Group can assist with this, for more information on business banking click here

How many shares do I need to issue when setting up a new company?

When setting up a new company, there is no fixed number of shares that you are required to issue. The number of shares you issue will depend on a number of factors, including the size and nature of your business, the number of shareholders you have, and your capital requirements.

In general, it is common for a new company to issue a small number of shares initially, such as 100 or 1,000. This can be adjusted as needed later on, depending on the growth and development of the business.

It is also important to consider the value of each share when setting up a new company. The value of each share can be set at any amount, but it is common for companies to set a nominal value, such as £1.00 per share. This can help to simplify the process of issuing and transferring shares, and can also help to protect the company from potential legal claims related to the issuance of shares at an unfairly low value.

When determining the number and value of shares to issue, New Company Group can advise and ensure that you comply with all relevant laws and regulations, whilst confirming that the structure of your share capital is appropriate for your business needs.

What are the annual filings for a limited company?

A limited company is required to file annual filings and reports and these generally consist of:

Annual accounts: A limited company is typically required to prepare and file annual accounts. These accounts must provide a detailed record of the company’s financial activities during the previous financial year, including its income, expenses, assets, and liabilities.

Annual return: A limited company is required to file an annual return that provides basic information about the company, including the names of its directors and shareholders, the address of its registered office, and details of any changes to its share capital.

Corporation tax return: A limited company is also typically required to file a corporation tax return each year, reporting the company’s profits or losses and any tax owed.

VAT returns: If the company is registered for Value Added Tax (VAT), it must file regular VAT returns reporting the amount of VAT charged and paid during the relevant period. New Company Group can assist with VAT registration, find out more here

Employer tax filings: If the company has employees, it must file regular payroll tax filings and provide year-end tax statements to its employees.

It’s important to note that the specific filings required for a limited company may vary depending on the jurisdiction and the size and nature of the company’s activities. New Company Group can assist with some areas such as the submission of Confirmation Statements, completed accurately and on time.

What information do I need to set up a company?

The specific information that you will need to set up a company will depend on the legal requirements of the country and jurisdiction where you are establishing the company. However, in general, here are some of the most common pieces of information that you will need to provide:

Company name: You will need to choose a name for your company that is not already in use by another company in your jurisdiction. You can check your proposed company name here. The name should also comply with any rules or guidelines related to naming companies in your jurisdiction.

Business address: You will need to provide a physical address for your company, which can be a registered office or a physical place of business. New Company Group can assist with this providing both a registered address and service address service.

Directors: You will need to provide the names and addresses of the directors of the company. You may also be required to provide additional information about the directors, such as their nationality, date of birth, and contact details.

Shareholders: You will need to provide the names and addresses of the shareholders of the company along with their shareholdings and the amount paid for their shares.

Articles of Association: You may need to provide a copy of your company’s Articles of Association, which is a legal document that sets out the rules and regulations governing the company.

Company structure: You will need to specify the type of company structure you are creating, such as a limited liability company or a partnership.

Business activity: You will need to provide information about the nature of your business and the activities that your company will undertake.

Identification: You will need to provide identification documents for all directors and shareholders of the company, such as a passport or driver’s license.

It is important to note that the specific information required to set up a company may vary depending on the jurisdiction and the type of company structure you are creating. It’s therefore important to consult with a professional company formation agent to ensure that all necessary information is provided and all legal requirements are met.