It is not a legal requirement to have a business bank account for your registered UK company. However, operating your company without a business bank account is likely to pose several major challenges!

WOur partnerships with some of the UK’s major financial institutions provide you with access to a range of financial products and services to help you get your business off to a great start. That includes a fast-track business bank account service with every company formation.

Based on the details our system holds for your company type, you will find below a range of business banking providers that have expressed an interest in working with you.

What reports and filing requirements do private limited companies have?
LLimited companies have more filing and accounting responsibilities than sole trader businesses. These include:

•   Annual Confirmation Statement
•   Company Tax Returns
•   Annual 'statutory' year end accounts
•   Vat returns, if VAT registered.

With our hassle-free, no fuss application process, it takes just 15 minutes to complete and submit your limited company registration application. We'll then take over the process starting with our free professional review of your application before forwarding it to Companies House. Companies House usually takes between 3 to 24 working hours to complete the process and register your limited company or LLP.

The moment Companies House incorporates your company, we will let you know! We will inform you via the email address you provided on your application. The confirmation email will contain your Companies House Authentication Code and all your official company documents including:

•   Your memorandum
•   Articles of association
•   Share certificate(s)
•   And most importantly, your certificate of incorporation.

1. Individuals looking to set up a for-profit company: A Limited by share company is the most popular choice for this purpose. Limited by share companies are owned by shareholder(s)/subscriber(s) and are run by director(s)
2. Non-profit organizations: a Limited by guarantee company is most suitable for charitable organizations
3. Professionals who require limited liability status: Professionals who operate as a partnership and who require limited liability for its members (i.e. the LLP is a separate legal entity and, while the LLP itself will be liable for the full extent of its assets, the liability of the members will be limited)