We charge a once-off non-refundable fee of £18 plus VAT to incorporate a new Limited Company.
This fee is payable as soon as you submit the company name for registration.
A new Limited Company usually takes between 5 and 24 working hours to incorporate,
but we cannot guarantee these time frames. All company formations are done through the
Companies House Electronic Incorporation Service. In other words as soon as you submit
payment for the incorporation the incorporation request is instantly logged with Companies House.
After this we have no control over the incorporation process, but in the vast majority of cases your
company will be incorporated within 24 working hours.
Once your company is incorporated you have to apply for a company bank account.
Your limited company will not be able to trade before the company bank account is opened.
We will assist you in opening a HSBC business bank account.
For all other bank or building society’s we’ll supply you with the required
company information to set up the bank account but it will be up to you to liaise
with the bank until the account is opened. Please note we have no control over the
business bank account opening process (HSBC included). We only supply the
required company information. No refunds will be provided in the unlikely event that the
bank denies your business bank account application.
Time frames for opening business bank accounts vary from bank to bank and application
to application. We have no control over this process. We will not refund any fees
because of any delay in the bank account opening process. Our responsibility for managing your
limited company starts when the company gets incorporated. With this in mind we start charging
our monthly accounting fee as soon as the company is incorporated.
You do not have to register for VAT. You only have to register for VAT once your company turnover
exceeds £70000 within a 12 month period. Below £70 000 it’s voluntary. We charge a once off
VAT or Flat Rate VAT registration fee of £100 plus VAT. VAT registrations can take between 4 and 8 weeks.
You can not register for VAT before you’ve received payment for your first invoice.
As soon as your company is registered for VAT you will automatically be upgraded to the Gold Service.