All you need to know about...

Setting up a Limited Company

There are three ways to set up a Company:

  • Directly with Companies House

  • Through a company formation agent

  • Through an accountant

How long does setting up a limited company take and what is the cost?

Via Companies House (Paper)

Standard Incorporation: 8-10 days once documents have been received (£40)

Same-day Incorporation: If documents are received before 3pm the same day, if after 3pm, the day after (£100).

Via a Formation Agent

Because most agents use online filing the incorporation is significantly quicker, the average duration is 3 working hours. Cost depends on what package you opt for with the agent.

Via an Accountant

Time-frame and cost differ significantly depending on the accountant. Generally accountants will charge more for setting up a limited company than the above two options.

What information do I need when setting up a Limited Company?

Company Name

  • A unique company name

Registered Office Address

  • A UK address at which the company will be registered

Director Details

  • Name

  • Date of Birth

  • Nationality

  • Occupation

  • Country of Residence

  • Address

If filing online extra security questions will be asked such as eye colour, town of birth and phone number. This acts like an online signature.

Shareholder Details

  • Name

  • Address

  • Number of Shares to be allocated (this represents ownership)

  • Shareholder can be the director

If filing online extra security questions will be asked such as eye colour, town of birth and phone number. This acts like an online signature.

NB. This information refers specifically to Companies Limited by Shares. The process is slightly different for Companies Limited by Guarantee and Public Limited Companies.

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