What is a certificate of incorporation?
A certificate of incorporation is a legal document that shows that you’ve formed and registered your limited company with Companies House, in line with the Companies Act 2006. In essence, it’s your company’s birth certificate.
It shows the name of your company, its registered number and the date it was incorporated. It also shows the type of company you have set up, and where your registered office is located, whether in England, Wales, Scotland or Northern Ireland
Types of companies
The most common legal structure you can choose is a private company limited by shares. This is suitable for most commercial enterprises, although you may wish to speak to an accountant for further information about other options.
Private company – limited by shares (LTD)
This sets the company up as a separate legal entity which is owned by shareholders. If the business runs into trouble, the amount that shareholders are liable for is limited to the value of any investment they have made in the shares of the company.
Any profits made belong to the company and can either be reinvested in the company or passed onto the shareholders using dividend payments. The company cannot sell shares to the general public.
Private company – limited by Guarantee (LTD)
Companies limited by guarantee are often social enterprises, charities or other not-for-profit organisations, such as sports clubs or political parties, that do not have owners.
All profits are reinvested back into either the organisation itself or its objectives. Members of the company do not purchase any shares in this type of company
Public Limited Company (PLC)
This type of company is similar to that of a private company limited by shares, however, the main difference is that its shares can be sold to the public. As a result there are a number of additional legal requirements that must be met.
What should I do if I have forgotten my password?
If you’ve forgotten your password, click on the ‘I forgot my password’ link on the log in page and we’ll send you an email where you can reset it.
What is a dormant company?
Companies House guidance advises that a dormant company is ‘one that has had no significant accounting transactions during the accounting period’. They define a ‘significant accounting transaction’ as one that the company must record in its accounting records. In practise most day to day transactions must be reported but the following very specific transactions may be ignored when determining whether a company qualifies as dormant:
- payment for company shares issued on incorporation;
- fees paid to the Registrar of Companies for the following specified transactions: change of company name, the re-registration of a company and filing annual returns; or
- payment of a civil penalty for late filing of accounts.
If the company undertakes transactions other than those specified above, it will no longer be considered dormant. To avoid this you may wish to cover incidental expenses such as bank charges, formation costs or the cost of preparing accounts yourself – rather than put them through the company. A private company that qualifies for dormant status need only submit an abbreviated balance sheet and notes and is not required to file a profit and loss account or directors report.
For private limited companies that are dormant and have never traded an even easier option may be available. Companies House have produced Form AA02 (also known as Form DCA) – a highly simplified dormant company accounts template. This is suitable for dormant companies that have not traded since incorporation and where the only transaction recorded is the issue of subscriber shares.
How it works
How it works:
- We will make the relevant appointments and resignations.
- we will update the first conformation
- The company is now yours
What you get:
- Electronic copies of the Original Certificate of Incorporation and Memorandum & Articles of Association
- vat certificate (if company is vat registered)
by direct bank transfer
Shares in Company
Once a company has been sold to you we transfer 100% of the shares, we do not hold any shares back like some companies do just in case you make it big. you will own the company 100%
Documents that can be used as proof of address and identity
- Current valid (signed) full EU Passport
- Current valid (signed) non EU Passport
- Current valid National ID card (non UK Nationals)
- Current Full UK Driving Licence
- Current UK / EU Photocard Driving Licence with Counterpart
- Current State Pension notification letter
- Current Blue Disabled Drivers Pass
- Mortgage Statement or Mortgage Redemption Statement
- Recent Utility Bill – Gas, Electricity, Water, Telephone (Not mobile phones)
- Current Council Tax Bill
- Current Full UK Driving Licence (Paper document)
- Current UK / EU Photocard Driving Licence with Counterpart
- House or motor insurance certificate
- Bank / Building Society / Statement
- Solicitor letter confirming completion of house purchase
- Account, investment or insurance documents
- Letter from Council Confirming Electoral Roll Listing
Do i have to trade?
After buying a company you dont have to trade you can hold it as dormant for an indefinite period of time as a possible future investment.
If i buy a company and dont like the name can i change it?
If you buy a company from us and dont like the name you can change the name just let us now and we can do this for you there is a company house cost towards the change.
What is a SIC code?
A Standard Industrial Classification code or SIC code describes the main business activity of a company each company selects one code that express the nature of their business from an official list of SIC codes.
It’s a system used by Companies House and other bodies to identify what companies do and to sort them into a number of business categories. The classification of each company is available for anyone to view on the public record.
Can I change my company’s SIC code?
Yes, you can change your SIC code at any time,
99% of our companies will be have the sic code 99999 dormant as they have never traded we can change this for you at anytime just let us know you want this done, there is a Company house cost for this service.
If i buy a company can i add any director?
Yes! you can add any director, we dont even need id to add a director but the director has to have a uk address, if you require a uk address please ask we can arrange this for you.
Advantages of a Established Company from company4sale
Business and Banking relationships are more easily established with an older previously registered company, rather than with a newly incorporated company. The older a company is the more confident people will feel in dealing with you.
Government Agencies, distributors and manufacturers often require a company to have been in business for a certain period of time and the age of a company is very often a major factor in corporate banking relationships, business contracts and a important criteria in the awarding of government tenders.
Provides established longevity and operating history so as to improve and enhance your Corporate image – the older the better building corporate credit is easier with age.
Large companies will only do business with an older company rather than with a brand new company. There are certain companies who will only do business with old companies which have existed for at least 12 months or more.
Obtaining bank loans is easier when you can show you have history, the age is what matters most. Establishing credit with banks, investors and leasing companies
Obtaining credit cards and leases – Most credit card companies require that the business has been in existence for at least 2 years.
Do we have vat registered companies
yes we do, please get in touch let us know what your requirements are.