Company Formation Specialists

Ready-Made Limited companies

Hanover Company Services hold an extensive stock of ready-made UK Ltd Companies with suitably drafted business objects ready for immediate transfer and which are certified not to have traded. All our Ltd companies are able to trade in virtually any area of business, irrespective of the name. We generally hold in excess of 300 ready-made Ltd companies the names of which change daily. View our up to date list of ready made limited company formations or find out more about ready-made limited companies.

Own Named Limited Company Formation

New Ltd Companies are registered in the normal course of events within 3 hours or 4 days depending on your requirements. All proposed names are checked at Companies House to ensure availability, suitability of the name, and the acceptance of the use of sensitive words such as "International", "Holding" , "Group" and others. Click here to view an extensive list of sensitive words prior to company registration.

Own named Limited companies can be incorporated in England & Wales, Scotland or Northern Ireland. Click here to check the availability of your chosen name.

Vintage Companies

A Vintage company is a company that has been incorporated months or years previously and are thus "aged" or "Vintage". These companies may assist with obtaining bank accounts and obtaining trade or credit facilities. The price of these companies includes a free name change. View our list of Vintage Companies

Advantages of a Limited Company

Limited Liability

There are a number of advantages to Company registration the most obvious being "Limited Liability". Unlike a partnership or Sole Trader if a Ltd Company should be unsuccessful the Ltd Company would be wound up and only Ltd Company property/assets can be claimed by Creditors. Directors and Shareholders have no personal liability whatever (unless they have acted improperly) and there are no restrictions on the Directors pursuing further company formations.

Taxation

A Limited Company enjoys more favourable tax concessions than either Sole Traders or Partnerships. It is subject to tax but profits are not normally subject to higher rates of personal tax. Directors pay tax but they are entitled to claim all the normal personal allowances against income. This compares favourably with Partnerships for example as their profits are divided for tax purposes amongst the partners and they are assessed personally on these amounts at once even if they have not actually drawn any cash out of the business.

Protection of Business Name

No two limited companies are allowed to have the same name. Before proceeding with a company formation the proposed names are checked for availability and suitability. This protection is not afforded to individuals / sole traders or partnerships. To check your chosen name click here.

Ownership

The ownership of a Company is known precisely, so it is easier to value and buy and sell. The owners are listed along with the proportion of the company they own. The relationships between joint owners are consequently far less complex than most Partnership agreements. A share in a company can be sold or given away, for example in a Will but when a Sole Trader dies so does his business. Once the company formation / company registration is completed the new limited company may appoint other limited companies to act as director and / or secretary.

Continuity

The death of a Partner ends a Partnership and the ensuing division of the assets could ruin the business. With a Ltd Company the death or resignation of a Director does not affect the structure of the Company which continues as before. The Shares of the deceased Director pass to the others in accordance with the Articles of Association.

 

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