We offer a clients a quick and efficient
service. In order to facilitate the completion of the process within 24 hours, we will require certain information from you.
Listed below are the details we will require to form your new company.
Once you have decided the name you would like to use for your company, simply visit our homepage to use our quick search tool to confirm whether the company name is available. We provide this resource free of charge, so you can try as many company name variations as many times as you like until you find one that is suitable, available, and approved by Companies House.
All companies that are limited by shares or by guarantee must feature the word ‘Limited’ in their name (abbreviated to Ltd). In Wales, the equivalent ‘Cyfynfedig’ (abbreviated to Cyf) should be used.
Companies Containing Sensitive Words. Every company name has to be approved by Companies House. If the name contains a sensitive word or phrase supporting documentation will be required to justify its use (further details will be provided during the order process. An additional administrative/processing fee may apply).
Company Name Approval. A company name may not be approved by Companies House if it is too similar to an 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 company address which must be a physical address rather than, for example, a PO Box or similarly non-locatable building. This is the address that government departments and other parties such as banks, shareholders, customers, suppliers, and the general public will send correspondence to, including for example, official correspondence and statutory documents.
A SIC code (Standard Industrial Classification code) is used by Companies House to classify the nature of a company’s business. 121 Company Formation will make a recommendation on the most appropriate SIC code for your business. As part of the application process, we will also provide you a list of SIC codes which you can browse to identify the one that best suits your company.
Each limited company must have a minimum of one shareholder, and is permitted to have as many as it wishes. In the case of many smaller companies, one shareholder often holds 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 to process your company formation application:
Typically the person with significant control of a company is a director or shareholder. The following details will be required for all PSCs:
A limited company must have at least one director who can be either an individual or a corporate entity. In the case of an individual, they must:
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