Form a Company in the UK
To form a UK company, you will have to provide the relevant information to Companies House.
1. A Company Name
You must include the words Ltd, Limited, limited liability partnership, LLP, plc or public limited company at the end of your company name. There are a few exceptions:
1. Sensitive names
2. Already registered names
You can check a name on a search tool that will show you if your company’s name is already registered.
2. Company Address
You will have a lot of options:
- Your home address
- An office address
- Place of Business
- A virtual office address
After choosing an address, you must register this with Companies House.
Please watch the video given below to get more details:
- One Director
Every UK-registered company must have at least one company director. You can appoint several people as directors of a company.
The company director is legally responsible for the running of the company. He ensures all accounts and reports are carefully prepared and submitted annually.
4. Company Shares - Statement of Capital
Company shares determine who owns the company and who is eligible for dividends and long-term share value growth. The shareholders have the right to vote and agree on any company information changes.
A director and a shareholder can be the same person if the company is "limited by shares". If there is only one shareholder, this person will own 100% of the share.
To limit the shareholder's liability, the share value can be as low as £1. If there are numerous shareholders, you must understand how much of the company each owns as well as the value of their shares.
Also read: Why is the status of my UK company formation ‘Incomplete’?
5. SIC Code
The Standard Industrial Classification (SIC) code describes the primary operations of your new company. In order to avoid rejection by Companies House, you must submit this code when filing to Companies House.
6. Memorandum and Articles of Association
Once your new company has been registered with Companies House, you cannot change these documents; they must be accurate and fully agreed upon. Model Articles are standard articles that you can use or write your own.
Also read: Top 10 Advantages of UK Company Formation
7. People with Significant Control (PSC)
You must give information, including the name and address of any individual in your company who has significant control over your limited company. This may apply to those who own more than 25% of the shares and voting rights on the operations of your companies.