Instead of going through the company registration process yourself, just fill in some fields on your phone and have your company ready in just 4 simple steps without the hassle of lengthy registrations and filling out forms. A perfect application for entrepreneurs to make the company registration process quick, smooth and painless.
Starting a company can often be a challenging task and besides, who likes to fill out complicated forms? B&F Services is excited to provide you with the easiest and quickest way to register a limited company all via your iPhone and Android devices. As an authorised Companies House and HMRC body, we have created this app to save entrepreneurs time and help them overcome barriers to register a company.
Use our search tool to instantly check and make sure that your company name is available.
Enter director and shareholders details and define the company share structure.
Our app helps you to easily find the best business description to select among the predefined SICs.
Buy a virtual business address for an additional price with the London Bridge location.
A certificate of incorporation, in the UK, is the document verifying that your company has been legally registered. It contains the relevant identification numbers for your business to begin trading.
Rather than belonging to the company, the Share Certificate is intended for the individual shareholders. It gives details of how many shares a person owns, and how much those shares are worth.
The Articles of Association is sort of like the Terms and Conditions for your limited company. It sets out the rules that will govern the administration of your company, such as voting rights, etc.
This is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders.
The UK has around six million private sector businesses, according to official government data, and this figure is growing. Since 2000, the number of businesses in the UK has increased by 2.4 million.
Three-quarters of UK businesses don’t have any employees, meaning they’re owned by self-employed sole traders or partnerships. Around five million UK residents are registered as self-employed, amounting to 15% of the overall workforce.
Data from the Office for National Statistics show the most common sectors for self-employed workers are as follows: construction (920,000), scientific or technical activities (643,000), vehicle sales or repairs (396,000), administration and support services (361,000), and health and social work (349,000).
Men are far more likely to be self-employed, with women making up just 33% of the self-employed workforce. People of Pakistani or Bangladeshi origin (24%) make up the biggest proportion of self-employed workers, followed by people from Chinese and other Asian backgrounds (16%), and people of white heritage (15%).
As it stands, EU and EEA nationals don’t need special permission to start businesses in the UK, except for residents from Bulgaria and Romania. The UK still negotiating its withdrawal from the EU, however, so these rules could yet change.
If you’re from a country outside of the EU or EEA, you may need a visa. Prospective entrepreneurs can receive favourable treatment in the UK’s points-based immigration system, but you’ll need to adhere to several rules to get Tier 1 status.
For more information in regards to UK Tier 1 Visa and how to start a business in the UK, contact our business consultant experts at B&F Services. We have over 15 years’ experience working with international start-ups and entrepreneurs to help them with establishing and expanding small businesses within the UK. We are providing services for the start-up visa, innovator visa & sole representative visa and so far, we had more than over 3000 clients who have moved or established their Business here in the UK.
There are a variety of different business types in the UK, and you’ll need to choose the option that most closely fits your company’s structure.
If you want to work as a self-employed person in the UK or run a business on your own, you can become a sole trader. As a sole trader, you can keep all of your business profits. You must make your own arrangements to pay income tax and National Insurance. You are personally liable for all business debts.
Freelancers in the UK are also classed as sole traders. To work as a freelancer in the UK, all you need to do is to register as self-employed and make sure that you pay the right amounts of tax and National Insurance.
This business type involves two or more individuals (or companies) setting up together, with responsibility shared equally between partners. Profits are also shared equally, with each partner paying tax on their share and jointly liable for debts and losses. This structure is often suitable for small businesses.
These partnerships are similar to general partnerships but have at least one general partner who runs the business and is personally liable for any business debts. The partnership also has at least one limited partner whose input is purely financial and who is only liable up to the amount they’ve contributed.
This partnership agreement involves neither partner is personally liable for debts that the business can’t pay. This partnership requires a written LLP agreement and must register with Companies House, the UK’s registrar of companies.
This business type is a separate legal entity from the people that run it. Limited companies are incorporated through registration at Companies House and need at least one director and one shareholder. Shares in the company cannot be traded publicly.
PLCs differ from limited companies in that their shares may be traded publicly. You need to have a minimum share capital of £50,000, with at least 25% paid prior to start-up.
This company type isn’t very common in the UK. It involves shareholders having joint unlimited liability for business debts, meaning they can be covered with personal assets in the event of the business assets not meeting debts.
This is a UK business type that exists to invest any profits made to meet charitable, social, or community objectives rather than to distribute among shareholders. Social enterprises are structured similarly to limited companies and include charities, cooperatives, and community interest companies (CIC).
This is an unregistered, unincorporated form of a non-profit organisation that can include voluntary groups, small community groups, and sports clubs.
An offshore company is registered, established, or incorporated outside of your country of residence. Offshore incorporation is a straightforward process in popular offshore financial centres and tax havens around the world. Offshore structures can provide a wide range of benefits to the company and company principals, but you need to fully research the rules before setting them up.
If you want to become self-employed or start a business in the UK as a foreigner, you’ll need to follow these steps:
You’ll need to make sure that your immigration status allows you to set up a business. For non-EU/EFTA nationals, this may mean ensuring that you have the necessary visa and residence permit.
UK entrepreneurs need a business plan. This will help you determine whether your business ideas are likely to succeed and be sustainable. You’ll need to research the market and prepare budget forecasts.
We would be delighted to help you prepare your business plan. Our team will put together a Comprehensive Business Plan which includes robust financial projections with expenditures, costs and relevant input provided from our research for a strong business case, inclusive of market overview, performance trajectory, and viability profile for the venture. We are proud to serve more than 3,200 businesses with 96% of our clients for business plan successfully secured funding through banks, VCs, and angel investors. You can request a free business consultation and quotation on our website.
As above, you’ll need to choose the business structure that best represents your enterprise. Most entrepreneurs register a UK company, they opt for what’s called a ‘private company limited by shares’. This business structure can be an effective way of managing your tax. For instance, as a company director, you can draw some of your income from the company dividends, thereby paying less in income tax. Another benefit is that your personal assets – such as your house and car – shouldn’t be at risk if the company gets into financial trouble. This is what’s meant by the term ‘limited liability’.
For now, you can only create a limited company, which is limited by shares. You won’t be able to create any other type of registered company.
Limited companies need to register their name, though others can register as a trademark to stop anyone else from trading under the name. By using our search tool, we’ll instantly tell you if your company name is available.
Top tips when choosing a company name:
• Research the market that you’ll be operating in – the names of your competitor companies should provide inspiration when choosing your own.
• Pick a meaningful name – your company name will be the first thing people learn about your business, so does it explain what you do?
• Keep the name short – a punchy company name will be easier to remember and it will look better on marketing material.
• Avoid company names that are hard to spell – and make sure it rolls easily off the tongue.
• Choose names that don’t require additional documentation – B&F doesn’t currently offer the ability to send accompanying documentation, and so only phrases that require no ‘proof’ can be submitted.
• Companies House requires limited companies to have either Limited or LTD at the end of the company name. If you don't include LTD or Limited in your search, we will automatically add LTD. There is no difference between the name endings Limited or Ltd, except for how they look.
When you register a UK company, much of the information you provide will be made publicly available. Companies House will want details of your:
• Registered office – this is the address where Companies House and HMRC will send mail. It must be in the UK and it must be in the same region as the company you’re trying to create and it must be possible to reach the company directors at the address. You can choose your home address or your business address. You can also use our registered address subscription service. You can later add or change parts of your company information after registration, by contacting Companies House directly.
• Company directors – your company must have at least one director, which will be you. Companies House will want to know their name, date of birth and residential address. You can appoint and remove directors at any time through Companies House.
• Shareholders – every company must have at least one shareholder, but it can be the same person as the director. Companies House will want to know their name, date of birth and residential address. You can change the shareholders and their shares at any time after the company is registered by contacting Companies House.
If you don’t have a separate address for your business, you should use your home address to register a UK company. But if you aren’t comfortable with your home address being made public, we offer a Registered Agent Service which lets you register your business at our Central London location.
If you’re setting up a limited company, you must appoint directors and a company secretary, work out your shares and shareholders, write your memorandum and articles of association, open a separate bank account, and register for corporation tax.
When you register a company in the UK, you’ll need to allocate shares to your shareholder(s). The simplest way is to allocate one share to each shareholder and make each individual share worth £1.
When you register your company through our app, the nominal value of a share will be set at £1. As the only shareholder, you’ll have 1 share and own 100% of the company. Share value is not linked to how much the company is worth. You can change the value and number of shares after the company is registered directly through Companies House.
A memorandum of association is a legal statement signed by all initial shareholders agreeing to form the company. It confirms that all parties involved wish to form a company and agree to take at least one share. They need to be agreed on and signed by the company director(s), shareholder(s) and secretary before you register a UK limited company.
B&F Services will automatically create a memorandum of association for you when you register your company through our service.
If your incorporation complies with the Companies House company registration regulations your formation could be completed within three working hours, however, this depends on how quickly Companies House are able to process applications. A formation should take no longer than 48 working hours maximum to process. As soon as it’s registered, we’ll send you an email with your certificate of incorporation so please watch your inbox for the status of your application and advisable next steps. If you need a printed copy, you can request them directly from Companies House.
After setting up your limited company, you’ll have yearly responsibilities such as your tax return and annual return plus ongoing tasks like keeping records of the company and keeping a register of PSC’s (People with significant control). Full details can be found on the gov.uk website.
All UK businesses and UK entrepreneurs need to register with HMRC for tax purposes and are responsible for submitting their own tax returns. Self-employed sole traders and those in partnerships pay taxes on business profits. Limited UK companies and foreign companies with UK branches need to register for Corporation Tax. The rate of Corporation Tax is 20% on profits, minus any allowances and relief.
UK businesses will also need to register for VAT if their annual turnover is more than £83,000 and may need to pay capital gains tax if business assets are sold at a profit. The UK tax year runs from 6 April. Tax returns must be submitted and any tax owed paid by 31 January following the end of the previous tax year.
As an official agent of Companies House and HMRC, at B&F Services we pride ourselves on our ability to provide both start-ups and scale-ups with affordable services such as consulting and expert advice, accounting, bookkeeping and tax service that are powered through innovative technology.
B&F Services virtual office address offers Companies House official registered office address and correspondence address for the director opening the account. The subscription is annual and costs £185 + VAT per year.
The virtual office address can be used as:
• Official contact address (correspondence address) of a company director, secretary, subscribers, person with significant control in a company
• Official registered office address - this is where mail will be sent from Companies House and HMRC. The address will appear on the companies house record.
It provides a professional and stable business address, even if you change office location or move to new regions and protect your personal address from being on the companies house record and incorporation certificate.
Note:The service can only be subscribed to when incorporating a company through our company formations service.
If you are not a UK resident, you can help you start/expand your business in the UK.
You can select these services as a FREE ‘add-on’ in the registration process.
We will go through your accounting requirements, introduce accountants that are fit for those requirements, and you would get a free consultation with the chosen accountant directly.
We will provide you with a free 3-month subscription to Smarty Accounting cloud-based bookkeeping software in addition to free online tutorial demonstration and account set-up.
We will provide you with a free funding readiness program and you would get a free investment/fundraising consultation with our business experts.
For 16+ years we have been supporting the UK and overseas entrepreneurs, building scalable companies by providing consulting and expert advice, tailored mentoring sessions, workshops, webinars and support in areas such as accelerator programmes, business development, concept verification, market research, funding, technology, finance & accounting and marketing. We are proud to announce that 96% of our business plans secured funding for our clients and we are aiming to raise that success rate to 100%.
Entrepreneur Visa Business Plans
Completed Funding Business Plans
If you struggle with market research and product overview, visit our consulting website and speak to an expert to create a comprehensive business plan or tailor-made pitch deck for your business.