Company Formation News

Definition: “Last Accounts Made Up To”

Last Tuesday we posted an explanation of what “Last Returns Made Up To” meant in a limited company sense. Today we’re going to look at a similar topic, “Last Accounts Made Up To”.

How many people do I need to form a company?

Are you in the process of becoming a ltd company? It's worth knowing that you can register a UK limited by shares company with just one person.

Shareholders and Subscribers: What’s the difference?

A short one for you all today: What’s the difference between a shareholder and a subscriber? Well there’s not much difference at all.

Can a company change the SIC Code?

Yes it can. The Standard Industrial Classification (SIC) code is a five digit number that categorises a company’s nature of business.

Do I need to use my Director’s Middle Name?

When appointing a limited company director Companies House request your director’s 'Full forename(s)' and 'Surname'. If you wish you can withhold the middle name.

Update to the Confirmation Statement: SIC Code change

When forming your limited company you will have noticed the Standard Industrial Classification code (or SIC code), which represents the type of business or industry your business identifies with. This is also part of the information that makes up the Confirmation Statement, the annual filing obligation required by Companies House (the UK’s registrar of companies).

How long does it take to form a company?

It is currently taking Companies House (the UK’s registrar of companies) an average of 15 hours to process limited company incorporations. This being the amount of time it takes for a company to be formed once the company information has been completed and the incorporation request has been sent to Companies House.

MadeSimple shortlisted for the UK Customer Experience Awards 2016!

We’re absolutely delighted to announce that we’ve been named as finalists at this year's UK Customer Experience Awards in the ‘Employee Engagement – Improving CX’ category.

Company Formation Update: Multiple Share Classes now available!

After receiving feedback from our customers we’re pleased to announce that you can now use multiple share classes when forming companies with us. In this post we’ll give you a step by step demonstration on how to do this.

Can I pick my company’s date of incorporation?

Yes. If you’ve not yet formed your company and for some reason would like a specific date of incorporation (in the near future), we can help.

Updates to the company formation process: PSC and SIC

This month sees two important updates to the UK limited company formation process; the addition of a ‘People with Significant Control’ (PSC) section and the addition of a 'Standard Industrial Classification' (SIC) section. Let’s take a look at what this means for you when forming a company.

Everything you need to know about ‘People with Significant Control (PSC)’ and the Confirmation Statement

Since April 2016 all UK limited companies and limited liability partnerships should be keeping a Register of People with Significant Control (PSC) in the company. This information should then be included in the Confirmation Statement - which has now replaced the Annual Return.