How To Register A Private Limited Company in the UK (2019)

Date: Mon Feb 25 Author: Chelliah Nakeeran

If you intend to start a private limited company in the UK, you have to register your business with Companies House.

Before you decide to set up a business in the UK, you need to decide whether you will register as a private limited company (LTD), a public limited company (PLC) or a limited liability partnership (LLP).

The type of company you register is an important decision to make in terms of tax obligations and how the company is administered should you go into liquidation.

You will also need to think of a company name that is not already taken. Check on the Companies House website for availability together with the restrictions imposed by UK law about the naming of a business.

The name of your company should not contain any sensitive words or sound too much like an existing company. If you plan to build a website, the name of your company may also be influenced by available domain names.

Registered Office

Private limited companies in the UK are expected to be held accountable. Subsequently, the address you register with Companies House must have a physical presence.

Also, when you register as a private limited company in the UK, your business address, and the director’s service address will be in the public domain and available to anybody. Subsequently, it’s best practice to avoid registering your home address. The security issue alone could be a concern, but it also leaves you open to an increased number of cold calling and potential cyber attacks.

Check out this business forum to see real-life issues involving business owners that have registered their home address with Companies House. It’s not a comfortable read.

Directors Service Address

The directors of private limited companies are also obligated to register a service address. The service address must also be a physical location where directors can receive personal mail together with authorised notices from HMRC.

A service address does not have to be located in the UK. It can be anywhere across the globe. However, most people will use the registered address of the company to boost the credibility of directors.

The service address you choose is also published in the public domain and readily available on the Companies House website. Therefore, it is better to avoid using a home address.

Register A Limited Company Through A Registrar

Although you can register with Companies House online, the most cost effective and easiest way to register a private limited company in the UK is to use a third party registrar.

Using a company formation service agent gives you several distinct advantages;

  • They are less expensive
  • You can use their address as your registered address
  • Saves you the hassle of filling out registration forms

Companies House charge a £12 fee to register a private limited company with them online. If you do this by post, the cost is £40. Processing time is 8-10 days. For same day registration, the fee is £100.

On the other hand, you can register your private limited company with LowCost LetterBox for as little as £2.99. We can even register on the same day and send you the official documents by email within three to six hours.

Using our company formation services gives you the confidence that your application will be registered swiftly and correctly. Furthermore, we have physical addresses in central London and the surrounding areas which also project a positive image for your business.

To avoid making the private address of directors available to the public, using the services of a company formation agent provides you with security. Plus you get a prestigious London address that can really give your business a boost.

Related articles:

PO BOX IN LONDON: HOW DOES IT MAKE A GOOD BUSINESS IMPRESSION

HOW A VIRTUAL OFFICE CAN HELP YOU (RUN YOUR BUSINESS FROM HOME)

9 TIPS FOR COMPANY FORMATION IN 2017 (FOR THE UK BUSINESS)

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BREXIT: How To Keep Start-up Business Costs Down After Brexit

Date: Thu Jan 31 Author: Chelliah Nakeeran

Brexit has potentially scuppered the plans of start-ups and small businesses. Other than the damaging financial setbacks, there is heightened uncertainty over admin time spent on paperwork, cash flow and delivery services.

Teresa May’s exit strategy has been met with derision and concern by small business owners. Start-ups also face an even steeper incline following the government’s failure to negotiate a deal that allows Britain’s businesses to trade in the EU single market.

Once Britain leaves the EU on 29th March 2019, businesses in both the UK and in Europe will be hit with VAT costs upfront on all imported and exported goods.

The additional expenses piled on business owners could create problems with cash flow and profits will take longer to recoup. As a result, small businesses trading between the UK and the EU need to find alternative solutions to save cash.

Reduce Overheads

Female office worker or business woman cuts a piece of paper with the word overhead on it as an overhead reduction business concept.

The biggest cost-saving initiative for start-ups is to buy a business mailing address and use virtual office facilities as and when needed. Virtual offices remove a huge financial burden typically associated with running a business from a physical location.

The rental costs are a fraction of the price you would pay to lease an office. You will also make huge savings on utility bills, insurance and IT infrastructure.

Not only that but when you rent virtual office space, you can even take advantage of admin services that are typically associated with a business.

For example, some companies provide telephone support and mailing services where your customers can reach you.

Gain Credibility

Close up Businessman Arranging Small Wooden Pieces with Integrity Letters on Black Background.

Our virtual offices even have meeting rooms in a first-rate modern building where you can meet with your clients in person. You can hire meeting rooms or hot desks by the hour and have access to Wi-Fi, a reception and refreshments.

As a result, you can reveal that you are a legitimate business without paying hefty overheads. Furthermore, you can invest the savings in other areas and grow your business quicker.

Work From Anywhere

urban man working on laptop while sitting on land in forest

A business mailing address in London can improve your professional image and create a good impression with customers. Small businesses that can still survive in London in a post-Brexit world have to be successful!

For all intents and purposes, when you have a business mailing address, your business appears to be running from the physical location stated on your website, stationery and business cards.

In terms of communication channels, it is.

However, a business mailing address gives you the freedom to work from anywhere. This can be from your home address in London, or anywhere else in the UK.

As a matter of fact, it can be anywhere else in the world. With a business mailing address from LowCost Letterbox, you have access to an entire fulfilment centre.

We accept post and parcels from all the major delivery services and can forward on your mail or scan it and send to a mobile device or email. If you do live in London, you can collect the post yourself from one of our five fulfilment centres.

Just because the majority of Britain voted to leave Europe, it doesn’t mean that small businesses in the UK have to stop trading in the EU market. You just need to find solutions that enable you to turn a profit.

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