BusinessLink.gov.uk has introduced a cheaper, easier to use Web Incorporation Service.
The new site allows anyone to set up a private company limited by shares for £18. All that is needed is an email address, a password and the usual information of company name, plus details of directors and shareholders.
After the necessary automated checks the certificate of incorporation is issued within 24 hours. For such a basic sum you obviously only get a basic service which means no registers, no share certificates or company seal but these are not needed for the majority of the directors that will use this service. The articles will be the default 2006 Articles.
Questions asked on Any Answers confirm that company formations continue to be a concern for advisers and their clients. A recent query about currently available agent services highlighted a wide range of suppliers, ranging in const from £16.99 to £119. They include:
- IRIS Company Formations
- A1 Company Services
An article is being prepared for AccountingWEB.co.uk that will detail the different legal methods of incorporation and consider the benefits or otherwise of each. Member feedback on the different commercial services will also be compiled into a companion guide.
Company formations sponsors