Advantages of establishing a private company in the UK: we can establish a UK private limited company on your behalf within a matter of hours and for as little as £24.99. This basic limited company start up service is available to local residents with their own premises in the country. It offers a straightforward, quick way to form your private company and get down to business. Coddan can offer this unrivalled speed of private companies creation due to the close relationship with Companies House that they have built up over two decades spent helping people establish their businesses.
A key advantage of establishing a limited company is the fact that you will no longer be personally liable for any debts incurred during the course of trading. If you intend to deal with large organisations, they may require you to establish a UK company before they will sign contracts. On the downside, moving from being self-employed to owning an enterprise with a limited liability will mean that the authorities will require you to submit more detailed yearly returns.
We can help you meet the annual reporting requirements of running a limited company with our optional accounting and bookkeeping services. For a reasonable annual fee these will ensure that you meet all of your legal incorporation requirements. We can also act as your VAT registered agent, collecting invoices and even preparing and submitting returns on your behalf. As part of the basic UK company formation package, Coddan offers a referral to either Barclays, Lloyds, RBS or NatWest as part of the process of opening a business account with a limited company registration. You will still be subject to the bank's own identity and credit checks after being referred.
There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits. Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national. To register a company in the UK you must have a valid registered office address in the United Kingdom. Call us to discuss your incorporation needs and see how we can help.