Companies House Or Formation Agents?

January 13th, 2010 by chris

Companies House

companyhouse
Trust
Ease
Overall

The official UK government registrant of UK limited companies
Companies House is the official Government register of UK companies. The site allows you to get information about your existing companies, and research the Government’s database of company records.

More importantly, it means you can setup new limited companies direct with the UK government’s “e-filing” system.

But Companies House isn’t the only place where you can setup a UK limited company.

You can also incorporate through various third party sites – company formation agents – who will process your application for you – and provide support and advice.

Also, some formation agents allow you to incorporate online and have your new company setup, ready to trade in as littlle as 3 business hours

Some even fast-track business bank accounts – so you can get a company with a business bank account.  This means you can start trading very quickly

This all means that buying limited companies through formation agents is the preferred choice of many small business owners.

For these reasons, you should shop around before making your decision as to how to incorporate your new company.

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Cheap Company Formations

January 5th, 2010 by chris

I first set up a company a few years back. I had just got a quote from my accountant – £200 for a brand new company.

So I was shocked when I looked online and found hundreds of companies out there, offering to setup my company for as little as £20. I did some research and these companies are all legit.

In fact, they’re called “formation agents” and they basically register your new company for chump change.

The way they do it is by liasing with Companies House (the UK government service), and processing your application via their “e-filing service”.

They can setup your company quickly – often within a few days.

Some even offer fast-track services and can do it in as little as a few business working hours (but ask your agent if they do this).

So, your company can be registered right away. Just choose a name, search “buy limited company” or “company formation” or somesuch – and pick one.

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Posted in company formation, limited companies | 1 Comment »