Although the company formation service that 121 Company Formation offers is quick and efficient, we will require certain information from you to ensure the process takes no longer than 24 hours once we have reviewed the documentation and submitted it to Companies House for approval and registration.
Listed below are the details we require to form your new company.
Once you have decided upon the name you would like to use for your company, simply visit our
, enter the company name into the name check portal and we will confirm whether it is available to use or not. As this facility is free, you can try as many variations of a name or a completely new name as many times as you like until you decide on the one you would like to use.
All companies that are limited by shares or by guarantee must feature the word ‘Limited’ in their name (abbreviated to Ltd) and in Wales the equivalent ‘Cyfynfedig’ (abbreviated to Cyf) should be used.
Every company name has to be approved by Companies House and if the name contains a sensitive name or phrase then supporting documentation to justify its use will be required, details of which we will supply when you place an order for our company formation service. There may be an additional administration fee for the extra work involved in this process.
Likewise, a company name may not be approved if it is too similar to any existing one, implies a connection to the UK government or contains certain non-standard characters such as symbols and abbreviations.
In the UK, every company is by law required to have a registered office address which must be a physical address rather than, for example, a PO Box or similarly non-locatable building. This is the address to which statutory documents and official correspondence will be sent by government departments as well as where other parties such as banks, shareholders, customers, suppliers and the general public will send correspondence to.
An SIC (Standard Industrial Classification) is used by Companies House to classify the nature of a company’s business. Although 121 Company Formation will suggest the most appropriate code, you may like to browse the various categories to find the code that best suits your company.
Each limited company must have at least one shareholder but it is permitted to have as many as it wishes although, in the case of many smaller companies, one shareholder will hold 100% of the issued share capital which can be as little as one share in this instance.
For a wider distribution of the share capital, and therefore the ownership of a company, more shares can be issued and allocated to as many different shareholders as required. In these circumstances, the issue of 100 shares for distribution would generally suffice unless a large financial investment is made into the company which would require the issue of more share capital.
Once you have decided how many shares will be issued and who the shareholder/s of your company will be, we will require the following information:
More often than not the person with significant control of a company is a director or shareholder for whom the following details will be required:
A limited company must have at least one director who can be either an individual or a corporate entity and, in the case of an individual, they must:
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