UK Limited Company Formations
Professional Packages 

Notes

Please check the name's availability before ordering as this will save time and avoid any complications before the process begins. A company's name cannot be too similar to any company name that already exists. When you click on the UK company search services link please enter the proposed company name in the box provided and do a search. A list in alphabetical order of company names will be produced. The company name nearest your proposed name will appear in the middle of the list. If your proposed name is taken, Companies House will not set up the company and you will need to pick an alternative name. 

If you set up a company that is allowed but a company feels that it is too similar to its company name, they can register an objection for your company name to be changed. This can be done within one year of your incorporation or they may bring a passing-off action in the courts. This may or may not be upheld depending on a number of factors.

If you want a company name, which includes special words, you will need to show justification for using that word. e.g. group, bank, insurance etc. You will be advised if this is necessary and what is required.

Reasons

The difference between other company formation packages on the internet and this one, is that a professional, who has formed countless companies will check the information you supply and then once confirmed that it is correct and there is no mistakes will submit it to companies house on your behalf. This is what we call the Professional Touch.

The UK limited company would be formed in your name from the very beginning. This means that you choose the shareholders (owners), registered office and directors from incorporation and not the formations agent like off the shelf limited companies. When the banks, creditors etc. check the limited company's records they will see that you did not just buy it off the shelf. This simplifies the checking process of UK incorporations, as they may have to check who these people/entities are (See example1 below). When you buy off the self, you will have to go through the process of a company takeover. There is also tax to pay on the transfer of shares.

Example 1
Company Incorporate v Off the shelf

Off the shelf

A  company is checked to see if it is legitimate and if credit should be given. The company was formed one year before it was sold to the new owners and it changed its name when it was bought. ( This is usually the case when you buy off the shelf.) Process and questions:

1. A check will have to be done to see who operated it since incorporation .
2. Did it trade before it was transferred???
3. Why did it change its name? Was it bought off the shelf or did it decided to change its image because of a bad reputation etc.
4. A credit check may be needed on the old directors.
5. A credit check on current directors

Form a limited company 

1. They check the company and they do a credit check on directors. 
   Process is less time consuming. No complications or question marks.

As you can see more checks and questions need to be answered when you select the off the shelf  method rather than using a new company formation agent.

The National Criminal Intelligence service has issued company formation agents money laundering guidance notes, where in certain circumstances we may be obliged to seek evidence of identity from customers. 

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