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E-Quick Package |
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 £ 32.00 | No Annual Charges | | |
 This is our most popular package with UK residents, and includes:
 The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The following documents, which need to be printed and signed, will be emailed to you upon formation of your company: A certificate of incorporation (requires PDF file reader);
The memorandum & articles of association (requires MS-Word file reader);
The first meeting of the board of directors (requires MS-Word file reader);
Share certificates and a company register.
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Economy Package |
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| £ 82.00 | Annual Maintenance Fee £50.00 | | |
This is our most popular package with EU residents, and includes: The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
 The provision of a registered office address for 12 months is also included in the price of this package (our registered office address service is charged annually);
The following documents, which need to be printed and signed, will be emailed to you upon formation of your company: A certificate of incorporation (requires PDF file reader);
The memorandum & articles of association (requires MS-Word file reader);
The first meeting of the board of directors (requires MS-Word file reader);
Share certificates and a company register.
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Premier Package |
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| £ 131.95 | Annual Maintenance Fee £99.95 | | |
This is another one very popular package for small and medium size businesses, such as those being run by a sole director from home, and for companies owned by overseas residents who still need a local registered office address but would rather not open local offices; This package is often chosen by such customers, who are looking to minimise a sole director personal liability (and who are not quite familiar with the new UK corporate legislation), because this package includes a provision of a nominee secretary for 12 months. This package is also includes: The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is also included in the price of this package (our nominee secretary service is charged annually); The following hard bound copy of corporate documents, will be posted to you upon formation of your company: A laminated copy of the certificate of incorporation of your company;
A hard bound copy of the memorandum and articles of association;
A hard bound copy of the minutes of the first meeting of directors;
Share certificates, and your company register.
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Deluxe Package |
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| £ 256.95 | Annual Maintenance Fee £379.95 | | |
The Deluxe business start-up package is our most popular package with international customers, and includes: Incorporation of your company from scratch using one of our registered office addresses, and our nominee director, we will appoint your own candidates to the role of shareholder and secretary (if needed);
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually); The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: A laminated copy of the certificate of incorporation of your company;
A hard bound copy of the memorandum and articles of association;
A hard bound copy of the minutes of the first meeting of directors;
Share certificates, and your company register;
The general power of attorney signed by a nominee director;
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of nominee service and indemnification of nominee.
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| Business Start-Up: Legal Requirements | | |
A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.
You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.
A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.
You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
The directors and secretary of your company can also be shareholders.
The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
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.
Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.
Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.
So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.
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(click here for other packages)
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| 1. Company subscribers may be residents outside the UK.
2. You must appoint a minimum of 1 Director.
3. Directors can be corporate bodies or private individuals.
4. A Director can be of any nationality.
5. All companies must appoint a company Secretary.
6. A Secretary can be of any nationality.
7. If there is only ONE Director he or she CANNOT also be the Secretary.
8. There is no maximum and no minimum share capital.
9. There is no minimum share capital, no paid-in capital requirement.
10. The company is required to have a registered office in the United Kingdom.
 +44 (0) 207.748.3039
+44 (0) 800.081.1510
(0) 870.080.2320
 info@uk-ltd-formation.co.uk |
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- DEAR VISITORS, Company formations should be quick and painless - whether you are an accountant for whom company formation is a frequent activity or an individual ordering your first company formation. We were the first formation agent in the world to offer a complete online company incorporation service and we continue to refine our ordering system, which has been widely praised for ease of use. If you want to become familiar with the description and the contents of UK limited company formation packages, offered by Coddan and to find above, what kind of service is included in this or that British companies registration package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of companies and electronic filing of Companies House forms. We are not able to guarantee that any such filing will be acceptable to Companies House, nor are there any contractual obligation upon us to do so. If Companies House rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Companies House does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.uk-ltd-formation.co.uk) are in Great British pounds.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
 UK Private Limited Company Formation Benefits. Introduction
Before your business can begin operating as a limited company, it has to be registered with the Registrar of Companies (Companies House). Incorporation is the process by which a new or existing business is converted into a corporate body. This doesn't have to be a complex and costly process, but you'll need to be clear about a few things before you start.
You can handle the registration process yourself, but it is a good idea to seek professional advice before you do so to ensure that incorporation is right for you. A company formation agent, solicitor or accountant can carry out the process for you, for a fee, as well as offer advice.
- Benefits of Starting Your Own Company
Anyone who operates a business, alone or with others, may incorporate. Under the right circumstances, the owner of any size business can benefit! The decision to start your own company will vary, depending on the needs of the business and yourself. Consider the following benefits of incorporation:
Reduces Personal Liability. Incorporating helps separate your personal identity from that of your business. Sole proprietors and partners are subject to unlimited personal liability for business debt or law suits against their company. Creditors of the sole proprietorship or partnership can bring suit against the owners of the business and can move to seize the owners' homes, cars, savings or other personal assets. Once incorporated, the shareholders of a company have only the money they put into the company to lose, and usually no more. The bad debts will often be the responsibility of the corporation. In the case of bank financing, more and more banks require business owners to sign a personal guarantee; making your personal assets collectible on a defaulted loan. Consider your options before signing.
Adds Credibility. A company structure communicates permanence, credibility and stature. Even if you are the only stockholder or employee, your incorporated business may be perceived as a much larger and more credible company. Seeing "LTD" at the end of your business name can send a powerful message to your customers, suppliers, and other business associates about your commitment to the ongoing success of your venture.
Easier Access to Capital Funding. Capital can be more easily raised with a corporation through the sale of stock. With sole proprietorships and partnerships, investors are much harder to attract because of the personal liability. Investors are more likely to purchase shares in a company where there usually is a separation between personal and business assets. Also, some banks prefer to lend money to limited companies.
An Enduring Structure. A limited company is the most enduring legal business structure. Companies may continue on regardless of what happens to its individual directors, officers, managers or shareholders. If a sole proprietor or partner dies, the business may automatically end or it may become involved in various legal entanglements. Companies can have unlimited life, extending beyond the illness or death of the owners.
Easier Transfer of Ownership. Ownership of a company may be transferred, without substantially disrupting operations or the need for complex legal documentation, through the sale of stock.
- Limited Liability - What Does It Really Mean?
First and foremost, the principal benefit of trading via a limited company has always been the limited liability bestowed upon the company's officers and shareholders. As a sole trader or other non-limited business, personal assets can be at risk in the event of a failure of the business, but this is not the case for a limited company. As long as the business is operated legally and within the terms of the Companies Act, directors' or shareholders' personal assets are not at risk in the event of a winding up or receivership. And as often happens on occasion, such events are not always under our own control. Operating as a limited company often gives suppliers and customers a sense of confidence in a business. Quite often, larger organisations in particular will prefer not to deal with non-limited businesses.
Many of the costs associated with managing and operating a limited company are no longer much greater than with a non-limited business. Accountants and other professional advisers often have conflicting views on when they consider the benefits of being limited to outweigh the advantages of being self-employed. In general terms, at least from the perspective of taxation and accountancy, changes to legislation over the last few years have meant much lower costs associated with limited companies. Recent changes to corporation tax have further enhanced the attractiveness of operating as a limited company, and proposed changes to the Companies Act due to be introduced possibly in 2003 will simplify much legislation relating to limited companies.
There is no obligation for a limited company to commence trading within any set time period after its incorporation. This means that the formation of a limited company is one simple and low cost method to protect a business name. Whilst this does not in itself give any rights to use of the business name, many clients form companies in anticipation of future development of new businesses or in order to protect the limited company name of an existing non-limited business for the future. No two limited companies can exist with exactly the same name.
If a limited company becomes insolvent and is wound up only the assets of the company are used to try to clear its debts. The officers of the company have no personal liabilities, and are not made bankrupt, and are free to form another company. However, the shareholders are liable only to the extent of any unpaid shares held.
By contrast, if you trade as a partnership or as an individual, the creditors can claim on all your property to satisfy the debts, and if this is insufficient you may be declared bankrupt. An undercharged bankrupt is forbidden to start another business or to become a director of a company.
- Maximising the Benefits of a Limited Company - Tax Benefits
One of the main focuses for small businesses will be the maximising benefits to minimise the Deemed Schedule E payment.
This can be done by: ensuring that your company makes pension contributions. Ensuring that you claim the maximum possible expenses allowable under legislation. Ensuring that capital equipment used in your business is purchased by you and that capital allowances claimed. Ensuring that benefits in kind (insurances, health care etc.) are paid out of the company, but only if your Salary and Deemed Payment are likely to be below £26,000.00 per year.
Other considerations are: keep cash in the business as a loan to the business, so that the company receives interest gross and pays only 10% tax on the first £10,000 taxable profits. If you keep spare cash in an account in your name you may well pay 40% tax on the interest. Ensuring that other income streams are generated by the company and that expenses are allocated to that income, (i.e. partners salary allocated to the interest income) that way no tax is paid on some income. Make investments through the company. But make sure you use up your own £7,500 capital gains tax free allowance as well as that of your spouse, first before making investments from the company. There are a number of other tax advantages for a limited company. Firstly, there is no National Insurance to pay. A limited company only pays Corporation Tax at 10% on its profits up to the level of £10,000 and 20% between £50,000 - £300,000, after deducting all expenses including directors remuneration. Often it is possible to reduce the corporation tax, with careful planning, by making dividend payments to its shareholders, and by the use of a Company Pension Scheme.
- United Kingdom Limited Company Advantages & Disadvantages
You may wish to change your unincorporated business into a company or add another company to your group. Alternatively, you may consider that now is the time to move from private company (LTD) to public company (PLC) status. In addition, it is necessary from time to time to carry out administrative changes in respect of a company' such as altering its' name, registered office or accounting reference date.
A limited company is a legal entity separate from its individual members. A company must be registered at Companies House and has to file annual returns and other returns notifying any changes in its registered particulars. A company must also file accounts annually.
Your first decision is whether to form a company or to trade as an individual or a partnership. The critical factors are usually: Corporation tax payable on company profits may or may not be more favourable than the income tax payable by you on earnings as an individual. This will depend on circumstances. It helps to trade without unlimited personal liability to creditors. Liability is limited to your capital-contribution in a company. Wrongful trading or fraudulent trading can render directors personally liable for their company's debts and directors may in practice have to give personal guarantees.
Company status may be desirable in giving your business a level of credibility that trading under your own name(s) or other trading style may not provide. Registration requirements mean that details of your company will be accessible to the public. The administrative burden of operating a company is heavier. Companies can be used to own business with a degree of continuity and allow a number of different persons to participate in a simpler format than a partnership. Companies provide a convenient method to give an objective value to a business and to create an entity that can be sold as an asset.
United Kingdom limited company advantages: limited personal liability. The members of the company are only liable for the company's debts up to the value of their shareholding or guarantee. Improved National Insurance benefits. Easy to transfer interest in business through ownership of shares. Strong structure and procedure for resolving disputes between members of the company.
United Kingdom limited company disadvantages: strict legal controls under the Companies Acts requiring filing of annual accounts (which must be audited in most cases) and other documents. Public disclosure of information regarding the company through Companies House registration. Directors of the company have to comply with legal standards of care in conducting business. Directors can have personal liability in certain circumstances (e.g. if a company is wound up). Because of its limited liability, directors or members of the company may have to give personal guarantees to banks and landlords. Higher National Insurance costs.
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Helpful Resources