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GENERAL INFORMATION

WHAT IS A COMPANY?

A company is recognised in law as a legal entity, separate from the person or persons who formed the company and/or the directors and shareholders i.e. it has a separate legal existence.

WHAT TYPES OF COMPANIES CAN BE FORMED THROUGH FORMATIONS HOUSE?

Formations House can help you in forming a Private Company Limited by Shares. In this business structure, a Member's liability is limited to their capital contribution in the company.

FEATURES OF A PRIVATE LIMITED COMPANY (limited by shares)

A private UK limited company (limited by shares) is considered as one of the most easily managed and cost effective business structures. Some of its outstanding features are:

  • No minimum or maximum share capital requirements.No specific qualification requirement for company director, secretary or shareholder.
  • No nationality or residence restrictions for company director, secretary or shareholder.
  • A private limited company can just have one director who may also be the only share holder.
  • A private limited company's resources can be used to assist in the purchase of shares of the company when someone wishes to leave the company.
  • A private company is prohibited to issue its shares to the public.
  • Private companies up to a certain size can be permitted to file abbreviated accounts with the register of companies.
  • Only a private limited company can dispense with obligations to hold an annual generalmeeting
  • Only a private limited company can dispense with the formalities of holding general meetings by having a special resolution in writing
  • A private limited company can start trading immediately upon incorporation. It does not require any trading certificate to start its business.

 

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ADVANTAGES AND DISADVANTAGES OF A PRIVATE LIMITED COMPANY

ADVANTAGES

  • A private limited company has a separate legal existence. This means that properties will be owned by the company itself and all contracts would be signed on its behalf. The directors and secretary can only act as agents. Therefore the company is not dissolved on the resignation, bankruptcy or death of a director. The company can be dissolved only by winding up, liquidation or order of the Registrar of Companies or by the Court.
  • Limited liability is another advantage of a private limited company. The shareholder's liability is limited to the value of the shares held by them should things go wrong. The personal assets of a shareholder cannot be used to pay off the debts.
  • Incorporation as a limited company will protect the selected company name. Once incorporated, it is listed in the register of companies maintained by Companies House. Therefore no one else can incorporate using this name.
  • Tax benefits are also applicable. The directors of the company are required to pay income tax but the company pays corporation tax on company profits which is one rate of tax only and averages out at much less than if income tax were paid on the profits.
  • A private limited company has strong and structured procedure to resolve any disputesbetween the shareholders of the company.
  • A private limited company has strong and structured procedure to resolve any disputes between the shareholders of the company.
  • A private limited company also offers improved national insurance benefits.

DISADVANTAGES

  • There are strict legal requirements under the Companies Act to file annual accounts and annul returns.
  • All the company information is publicly disclosed through Companies House.
  • Directors of the company have to comply with legal standards of care in conducting business.
  • Higher national insurance costs are involved.Because of limited liability, the directors or members of a private limited company may have to give personal guarantees to banks, lenders or landlords.

 

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COMPANY FORMATION PROCEDURE, COST AND REQUIREMENTS

WHO CAN FORM A COMPANY?

According to the Companies Act 1985 and subsequent legislation, a private limited company can be formed for any lawful reason by one or more persons with one subscriber to the Memorandum of Association.

WHAT IS INCORPORATION?

Incorporation of a company is a procedure by which the company is registered at Companies House and becomes a legal entity separate from is owners. This process is commonly known as registration, incorporation or formation.

HOW DO I FORM / INCORPORATE MY COMPANY THROUGH FORMATIONS HOUSE?

Formations House, an approved registrar, has completely automated the company incorporation procedure. You can form your company online with no hard copy documents to sign.All you need to do is fill in Formations House online application form which asks you for all the required information and company details.

Please click on the following link to go to this online application form: http://www.formationshouse.com/search/search.php

ELECTRONIC COMPANY FORMATION PROCEDURE

TIME REQUIRED FOR COMPANY FORMATION

Using Formations House' electronic company formation services, the entire company formation procedure is completed within 3 to 4 days, unless you have opted for Formations House "Express Formation" service. This service would cost you £25 (extra) and would normally form your company within 8 working hours (9am to 5 pm GMT).

WHAT IS THE COST OF COMPANY FORMATION?

Formations House' standard company formation package would cost you £50 unless you opt for any of Formations House' additional services. This cost includes the following:

  • Company Incorporation Fee
  • Free domain name
  • Free email account
  • Provision of all company documents

REQUIREMENTS FOR A PRIVATE LIMITED COMPANY

Following requirements are to be fulfilled to form a private limited company in the UK:

  • Registered address within the UK i.e. a valid postal address in England, Scotland or Wales.
  • A minimum of 1 person (1 company director) is required to form a private limited company. Appointment of a company secretary is optional. A company's sole director can also be the company's secretary.

WHICH COMPANY DOCUMENTS WILL BE PROVIDED BY FORMATIONS HOUSE?

Using Formations House' company formation services, the only hard copy document you will receive is your Certificate of Incorporation. The rest of the company documentation is available online in a PDF format. You can login to your account using your customer ID and password and can access these documents online. These documents include the following:

  • Applications and Allotments
  • Register of Transfers
  • Particulars of Mortgage or Charge
  • Register of Debentures
  • Register of Members And Share Ledger
  • Register of Directors
  • Register of Secretaries
  • Register of Directors Interests
  • Minutes
  • Share Certificates
  • Memorandum of Association
  • Articles- Table A

 

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SETUP

WHAT IS A REGISTERED ADDRESS?

It is the official address of a company to which all the company related correspondence is sent e.g. Companies House letters and reminders, Inland Revenue returns and other notifications etc.
It has to be a valid postal address anywhere in the UK i.e. England, Scotland or Wales. Any change of a company's registered office address must be approved by the directors and notified to Companies House using Form 287.

CAN A P O BOX BE USED FOR REGISTERED OFFICE ADDRESS?

Yes, provided the full address is given, including the postcode, and it is validated by the Royal Mail.

WHAT IS THE MINIMUM NUMBER OF OFFICERS REQUIRED?

A private limited company must have at least one director. Company secretary requirement is optional. A company's sole director can also be the company's secretary.

WHO BECOMES A DIRECTOR?

All private limited companies must have at least one director. A director can also be the shareholder of a company. Usually the members (shareholders) of a company select the board of directors. Following are the restrictions which are applicable on the appointment of a director:

  • A director must not have been disqualified by a court from acting as a company director, unless s/he is permitted to act as one for a specific company
  • The director must not be an undischarged bankrupt, except for leave of the court
  • Must be between the age of 16 and 70 unless approved in a general meeting of the company.

There are no nationality or residence restrictions for company directors.
Directors are appointed to manage company's affairs in accordance with the Articles of Association and the law.
Unless it is specified in the Articles of Association of a company, there is no restriction for the maximum number of directors.

WHO BECOMES A SECRETARY?

For a private limited company's secretary, there are no specific qualification requirements. Neither there are any nationality or residence restrictions for company secretary. Therefore any one who is responsible enough to look after company's affairs can be the company secretary.

DOES EVERY COMPANY NEED A SECRETARY?

No, company secretary requirement is optional. However, if a company has only 1 director, he can act both as a director and a secretary. A person independent of the sole director can also be appointed as the company secretary, if required.

WHAT RIGHTS DOES A COMPANY SECRETARY HAVE?

The Companies Act grants no special rights to the company secretary. These rights depend on the clauses in the employment contract / agreement.

WHAT ARE THE DUTIES OF A COMPANY SECRETARY?

According to the section 744 of the Companies Act, the secretary is an officer of the company and has the following responsibilities

  • Keeping minutes of board and shareholders' meetings.
  • Timely delivery of statutory forms and shareholders' resolutions to Companies House.
  • Giving notice of shareholders' meetings.
  • Registration of share transfer.
  • Maintenance of statutory documents and company records.
  • Providing members and auditors with 21days notice of annual general meeting, and 14 days notice of a meeting other than AGM or to pass any resolution.

WHERE DOES FORMATIONS HOUSE COME IN?

A private limited company can be incorporated if you do not have a company secretary. However, if you decide to appoint a secretary, Formations House can help you in this regard by providing a Nominee Secretary Service. This service would cost you £25 per annum.

WHAT IS THE ROLE OF A NOMINEE SECRETARY?

As the nominee secretary is meant to fulfill statutory legal requirements, it does not perform any secretarial duties. Also, if you want to open a bank account, the secretary's signature is not required on the bank mandate form.

 

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NAMING THE COMPANY

CAN I CHOOSE ANY NAME I WANT FOR MY COMPANY?
It must be ensured that your selected company name is acceptable to Companies House, before you begin the incorporation procedure. Following restrictions are applicable on company's name:

  • You cannot register the same name as another company;
  • The use of certain words is restricted e.g. international, holding etc.
  • Names likely to cause offence are not allowed

For a complete list of sensitive names, please see the addendum.
If your company name is similar to another name, an objection can be raised against it within 12 months following your company incorporation. Consequently you may be directed by the Secretary of State to change the company name.

I HAVE REGISTERED A LIMITED COMPANY, CAN I OBJECT TO SOMEONE TRADING UNDER MY NAME?

These name disputes are usually taken to the court for decision. Formations House would advise you to consult a solicitor in this regard

HOW DO I OBJECT TO THE REGISTRATION OF A COMPANY NAME THAT IS VERY SIMILAR TO MINE?

In order to raise an objection, you need to send a letter of complaint to the office of The Secretary of State for Trade and Industry.

England & Wales
Companies Administration Branch
Companies House
Crown Way
Cardiff CF14 3UZ
Scotland
Companies House
37 Castle Terrace
Edinburgh EH1 2EB
CAN I CHANGE MY COMPANY NAME AFTER INCORPORATION?

Yes, a company name can be changed any time after the incorporation.

CAN FORMATIONS HOUSE FILE A NAME CHANGE APPLICATION ON MY BEHALF?
Yes, Formations House can file a name change application on your behalf. It would cost you £25 and it normally takes a week to complete this process. You will receive a new Certificate of Incorporation as soon as your company's name is changed.

 

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COMPANY SHARES

WHAT IS SHARE CAPITAL?

Share capital is the investment in a company by its members (owners). The amount is contributed in exchange for the share of ownership, a certificate being issued for each share.
When a company is established, the people who form the company decide that the member's liability is limited to their contributed share capital. The Memorandum of Association for a company states the following things in this regard:

  1. Total share capital of the company
  2. The division of share capital into shares of fixed amount
  3. The names of the people who have agreed to own shares and the number of shares each will own.

Those people who have agreed to take some or all of the company shares are called "Subscribers"

WHAT IS AUTHORISED SHARE CAPITAL?

Authorised share capital is the maximum value of shares that can be distributed to existing or potential investors. In other words, the amount of share capital stated in the Memorandum of Association is the company's 'authorised' share capital. The company's authorised share capital may also be called its 'nominal' share capital.

IS THERE A MAXIMUM AND MINIMUM SHARE CAPITAL?

Minimum of 1 share is required for a private limited company and there is no maximum share capital limit.

CAN A COMPANY ALTER ITS AUTHORISED SHARE CAPITAL?

Yes, a company can alter its authorised share capital.
In order to increase the authorised share capital, an ordinary resolution needs to be passed. A copy of this resolution and a notice of increase on Form 123 must be sent to Companies House within 15 days of being passed.
Similarly, company's authorised share capital can be decreased by passing an ordinary resolution to cancel all those shares which have not been taken or agreed to be taken by any person. Notice of cancellation of shares on Form 122 must be sent to Companies House within one month of this change.

WHAT IS ISSUED CAPITAL?

Issued capital is the value of the shares issued to shareholders. The amount of issued capital cannot exceed the amount of the authorised capital.
A private limited company is not required to issue all of its share capital at once.

CAN A COMPANY ALTER ITS ISSUED SHARE CAPITAL?

A company may increase its issued capital by allotting more shares but only up to the maximum allowed by its authorised capital. Allotments must only be done under proper authority. However, a private company is normally restricted to issuing shares to its members, to staff and their families and to debenture holders. However, by private arrangement, the company may issue shares to anyone it chooses.

CAN A COMPANY REDUCE ITS ISSUED CAPITAL?

A company cannot normally reduce its issued capital as this is the personal property of the shareholders, not of the company. However, the following exceptions apply:

  • If a court order confirms a 'minute of reduction' following a special resolution of the company;
  • If shares are redeemed (bought back) in accordance with a redemption contract;
  • If the company's articles allow it to buy its own shares and this purchase is authorised by a special resolution. As a company cannot own its own shares, the shares are regarded as cancelled when the company buys them.

WHAT DOES THE ALLOTMENT OF SHARES MEAN?

'Allotment' is the process by which people become members of a company. Once the subscribers agree to take shares on incorporation, these shares are regarded as 'allotted'.
Later, more people may become the members of the company and be allotted shares. However, the directors must not allot shares without the authority of the existing shareholders. This authority is either stated in the company's Articles of Association or is given to the directors by resolution passed at a general meeting of the company.

HOW DO I ALLOT SHARES?

Using Formations House' services, you get a complete set of online company documents available in a PDF format. These company documents also include share certificates. You can print these share certificates and can use these to allot shares to any new shareholder.

WHAT IS THE PROCEDURE TO TRANSFER SHARES TO NEW INVESTORS?

The process for transferring shares to new or potential investors is simple. The existing shareholder has to fill out the relevant portion of the Stock Order Form and surrender the share certificates to the potential shareholder. The shares will officially be in the name of the new member once the stock exchange transaction clearing takes place.

 

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COMPANY STATIONERY

ON WHICH DOCUMENTS MUST THE COMPANY NAME BE DISPLAYED?

A company must display its name in legible lettering on the following documents:

  • All the company's business letters
  • All notices and other financial publications
  • All bills of exchange, promissory notes, endorsements, cheques and orders for money or goods purporting to be signed by, or on behalf of, the company.
  • All bills of parcels, invoices, receipts and letters of credit.

IS IT NECESSARY TO SHOW ANY OTHER COMPANY DETAILS?

Yes, a company must display the following details on all its business letters and order forms:

  • Company's registration number and place of registration. the place of registration can be one of the following:

    For companies registered in England and Wales:
    Registered in Cardiff
    Registered in England and Wales
    Registered in England
    Registered in London
    Registered in Wales

  • Company's registered office address. If a business letter or order form displays more than one address, it is recommended to state which is the registered office address

IS IT NECESSARY TO SHOW THE DIRECTORS' NAMES?

A company is not required to display its directors' names on its business letters. However, if a company chooses to do, it must state the names of all its directors i.e. it must show all of them or none of them.

CAN FORMATIONS HOUSE HELP IN DESIGNING COMPANY STATIONERY?

Yes, Formations House can certainly help you in designing your company stationery. You can purchase different Formations House graphics package according to your own specifications. If you wish to proceed, please visit www.graphics4less.com.

  • Company Logo design
  • Company letterhead and memo slip design
  • Business card design plus 250 coloured business cards
  • 10 page static HTML website design

You can also give your own specifications for stationery design. If you wish to proceed, please visit www.graphics4less.com .

 

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VALUE ADDED TAX

IS VAT REGISTRATION MANDATORY FOR PRIVATE UK LIMITED COMPANIES?

No, VAT registration is not mandatory for all private limited companies. A company needs to register for VAT only if it expects its turnover to reach the VAT threshold.
However, you may also register voluntarily, even though your taxable turnover has not reached the VAT threshold. There are certain advantages for registering with the Customs and Excise, such as:

  • You can collect VAT from your customers in the form of output tax.
  • You can reclaim input tax on purchase of standard rated tax supplies.

WHAT IS THE THRESHOLD FOR VAT?

You need to register your company for VAT with HM  Revenue & Customs when:

  • The turnover for last 12 months is more than £68,000. OR
  • If the turnover is expected to exceed £68,000 during the next 30 days

CAN FORMATIONS HOUSE ASSIST IN VAT REGISTRATION?

Yes, Formations House can certainly help you in getting your company VAT registration. it would cost you £50 and it usually takes approximately 6 weeks to complete the registration process. Once the registration process is complete, you will be advised of your VAT number directly by the VAT unit.

 

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BANK ACCOUNTS

IS IT NECESSARY FOR EVERY PRIVATE LIMITED COMPANY TO OPEN A BANK ACCOUNT?

No, it is not mandatory for a company to open a business bank account. However, if you want to start trading you need a bank account for all your financial transactions.

CAN FORMATIONS HOUSE HELP IN OPENING A BANK ACCOUNT?

Yes, Formations House does provide an account opening service for business customers. The fee for this service is £500 and takes approximately 10 days to complete in most cases.

CAN FORMATIONS HOUSE OPEN A BANK ACCOUNT IF I HAVE A BAD CREDIT HISTORY?

If you have a poor credit history or have County Court Judgments registered against you it is significantly more difficult to get a business bank account opened. However, Formations House may still be able to open a business account for you. An application for this service will be looked at on an individual basis.

 

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DOMAIN REGISTRATION AND WEB HOSTING

HOW CAN I START USING THE FREE DOMAIN NAME THAT YOU HAVE REGISTERED FOR ME?

You need to purchase Formations House' Web Hosting Service to use the free domain name.

WHAT TYPE OF WEB HOSTING SERVICE IS PROVIDED BY FORMATIONS HOUSE?

Formations House' Web Hosting Service would cost you £50 per annum. It includes the following:

  • 10GB Web Space
  • Unlimited email address
  • FTP and FrontPage extension support

I HAVE NOT PURCHASED THE WEB HOSTING SERVICE WHEN I SIGNED UP, HOW CAN I SIGN UP FOR IT LATER?

Just send us an email with the Company name, domain name and Customer ID of your account and Formations House will set up the Web Hosting for you.

CAN I TRANSFER THE FREE DOMAIN NAME WHICH YOU HAVE REGISTERED FOR ME, FROM YOUR SERVER TO ANOTHER WEB HOSTING COMPANY OF MY CHOICE? WILL I HAVE TO PAY ANY TRANSFER FEES FOR THAT?

Yes you can transfer your domain name to any other Web Hosting company of your choice, by sending us their IPS TAG and Formations House will release the IPS TAG for them. You will have to pay transfer fee £10.

HOW CAN I CREATE MORE POP EMAIL ACCOUNTS OTHER THAN 'INFO' ACCOUNT YOU HAVE PROVIDED?

You need to upgrade to pro version, which costs £50 (annual).

 

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Annual Returns related

What are Annual Returns?

An annual return contains certain company information, accurate up to the made-up date. It is distinct from a company's annual accounts. An annual return must contain the following information:

  • The name of the company.
  • Its registered number.
  • The type of company it is, for example, private or public.
  • The registered office address of the company.
  • The address where certain company registers are kept if not at the registered office
  • The principal business activities of the company.
  • The name and address of the company secretary.
  • The name, usual residential address, date of birth, nationality and business occupation of all the company's directors.
  • The date to which the annual return is made-up (the made-up date).

And if the company has share capital, the annual return must also contain:

  • The nominal value of total issued share capital.
  • The names and addresses of shareholders.
  • The number and type of shares held or transferred from other shareholders
  • a marker to indicate whether the company was a ‘Traded company' at any time during the return period

What is the made up date?

This is the date at which all the information in an annual return must be correct. The made-up date is usually the anniversary of:

  • The incorporation of the company.
    or
  • The made-up date of the previous annual return registered at Companies House.

What information does Companies House require?

Companies House requires the following information from the Director(s) of a Limited Liability Company: the company management, activities, capital structure and accounts. The directors are personally liable to provide the above information to the Companies House on the appropriate occasions.

What kind of company accounts and records are required to be maintained?

All companies are required to maintain a proper record of incomes, expenditures, assets and liabilities of the business. A proper set of financial statements (profit and loss account, balance sheet, cash flow statements etc.) is to be submitted to the Companies House annually.

Limited liability companies are required to file their annual financial statements and returns with the Companies House before the closing date. Any delays will give rise to penalties. The set of accounts include:

  • A profit and loss account (income and expenditure account);
  • A balance sheet, signed by the director;
  • An auditors' report (this would apply to companies with turnover over £1m per annum);
  • A directors' report, signed by the company directors and secretary;
  • Notes to the accounts;
  • Group accounts (where appropriate);

When must the annual return be delivered to Companies House?

All annual returns must be delivered to Companies House within 28 days of the made-up date given on the form.

What is the difference between a Corporation Tax Return and Annual Returns?

Corporation Tax is the tax charged on the profits of the company for which the Company has to file a corporation tax return (form CT600), within nine months of the end of the company's financial period. Corporation Tax Return contains the details of the company's liability to corporation tax, or details losses available to carry forward, to setoff against future profits.

Annual Returns are filed on the form 363, containing the following information of a company:

  • The name of the company.
  • The company's registered number.
  • The type of company - private or public.
  • The company's registered address.
  • The address where certain company registers are kept - if different from the registered address.
  • The principal business activities of the company.
  • The name and address of the company secretary.
  • The name, residential address, date of birth, nationality and business occupation of all the company's directors.
  • The company's made-up date along with the name, registration number, type, address a company must submit.
  • Share capital information.

What is a dormant company?

A company that has made no significant financial transactions during a financial year is a dormant company. This means there are no entries in company's accounting records, except for the records of the amount paid for shares when the company is first formed.

My company is dormant. Do I still have to send accounts and a return?

Yes, dormant companies do need to submit accounts and returns to Companies House. However, since no active trading activity is carried out, these accounts are in an abbreviated form and do not carry too much detail.

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ADDITIONAL SERVICES

EXPRESS FORMATION

Using Formations House' online company registration services, it usually takes 3 to 4 days to complete the incorporation procedure. However, if you wish Formations House can get your company registered at Companies House within 8 working hours (9am to 5 pm GMT). This service is called Express Formation and it would cost you £25 extra.

REGISTERED OFFICE

Registered office address is a mandatory requirement to establish a UK Limited company. A registered address is a valid postal address within the UK i.e. England, Scotland or Wales.
Formations House is able to provide you with registered address service at a cost of
£25 per annum. This address is used only to receive mails coming from Companies House not from customers or other trading parties.
If you use Formations House' registered address service independent of company formation services, it would cost you
£50.

NOMINEE SECRETARY

Company secretary is not a mandatory requirement to establish a UK Limited company.
However, if you require appointing a nominee secretary, Formations House is able to provide you with a Nominee Secretary Service at a cost of £25. This nominee secretary is only meant to fulfill the legal requirements and does not perform any secretarial duties.

COMPANY INCORPORATION USING CUSTOMER'S OWN ARTICLES AND MEMORANDUM

Formations House can get your company incorporated using your own customized Articles and Memorandum of Association. It would cost you £25 extra.
As these customized articles and memorandum require special processing, it takes a week to complete the incorporation procedure.

VAT REGISTRATION

Formations House is able to get your company VAT registered at a cost of £50. It usually takes approximately 6 weeks to complete the registration procedure.

BANK ACCOUNT OPENING

Formations House is able to open a business bank account for your company at a cost of £500. It usually takes 10 days to complete this process.

ACCOUNTING SERVICES

Formations House' Accountancy Package would cost you £300 every year and includes the following services:

  1. Preparation of annual accounts, i.e. Profit & Loss Account and Balance Sheet
  2. Filing of annual accounts with Companies House
  3. Filing of Corporation Tax Return (CT600) form with HMRC
  4. Taxation Advisory in dealing with Companies House and HMRC
  5. Free Accounting Software

With every Annual Accountancy package ordered, Formations House supplies you with a free copy of Infini Accounts Express software to manage your business transactions electronically. In addition, Formations House also provides a review service for the accounts that you maintain on Infini Accounts Express, giving you the assurance that your accounts are appropriately maintained.

TRADEMARK REGISTRATION

Formations House also provides trademark registration service at a cost of £350. It usually takes six months to complete this process.

COPYRIGHTS REGISTRATION

Formations House provides copyright registration services at a cost of £150. It usually requires 6 months to complete this registration procedure.

APOSTILLE

Formations House is able to provide you with an Apostille at a cost of £150. It usually takes 5 days to prepare the Apostille.

COMPANY NAME CHANGE

Formations House is able to file a name change application on your behalf. It would cost you £25 and it usually takes 10 days to complete this procedure.

CONVERSION TO A DORMANT COMPANY

Formations House can help you in changing your company status to dormant. It would cost you £75. You need to send us your company name and registration number for this purpose. It takes approximately 10 days to complete this procedure.

SIC REGISTRATION

Formations House can get your business SIC registered at a cost of £10. It takes approximately 3 days to do this.

CERTIFICATE OF GOOD STANDING

Formations House is able to provide you with a Certificate of Good standing at a cost of £50. It takes approximately 8 days to get this certificate ready for you.

GENERAL POWER OF ATTORNEY

Formations House can provide you with a general power of attorney at a cost of £25 and it takes only 1 day to get it ready for you.

MINUTES OF MEETING

Formations House can prepare notarized minutes of meeting for you at a cost of £25. Formations House can get these ready for you within 24 hours.

 

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PAYMENT PROCEDURES

HOW CAN I MAKE MY PAYMENTS FOR THE SERVICES PURCHASED?

Payment can be made using any of the following methods:

  • Cheque
  • Draft
  • Bank Transfer / Wire Transfer
  • Credit Card
  • Debit Card
  • Solo / Switch

Cheque:

All cheques must be made payable to AC Online. These cheques are to be sent to the following address:

FORMATIONS HOUSE
29 Harley Street
London W1G 9QR

Draft:

All drafts are to be made payable to AC Online. and to be sent to the following address:

FORMATIONS HOUSE
29 Harley Street
London W1G 9QR

Bank Transfer:

ACCOUNT NAME: AC Online
BANK: Barclays Bank PLC, Fleet Street (Gosling) Branch
SORT CODE: 20-41-41
ACCOUNT No: 23276015
IBAN: GB21BARC20414123276015
SWIFT/ BIC: BARCGB22

(If you prefer to pay in Euros of US Dollars, please contact our support team for details of our currency accounts.)

 

Credit Card:

In case of credit card, following information is required to process the payment:

Card Type: e.g. Master, Visa, American Express etc.
Card Number
Cardholders Name
Address where the card is registered
Expiry Date
CCV Code: the last three digits from the code written on the backside of the card

Debit Card:

In case of Debit Card, following information is required to process the payment:

Card Type:
Card Number
Cardholders Name
Address where the card is registered
Valid From
Expiry Date
CCV Code: the last three digits from the code written on the backside of the card

Solo / Switch:

Following information is required:

Card Number
Cardholders Name
Address where the card is registered
Valid From 
Expiry Date
CCV Code: the last three digits from the code written on the backside of the card

 

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