The cost to set up a limited company depends entirely upon the way you chose to incorporate with Companies House. There are many options available to you but the most convenient and popular way to form a limited company is through an authorised company formation agent like Rapid Formations.
Using an agent is also the quickest way to register a new company. Our online company formation packages are available from just £9.99 plus VAT, which includes Companies House’ £10.00 filing fee. Most registrations are approved in as little as 3-6 working hours. Companies House incorporation services are more expensive and take longer to process.
Setting up a company using Companies House
If you incorporate a company using Companies House online or postal services, the registration process will take at least 2 -10 days. It will take even longer if you have to correct any mistakes or provide additional documentation. These services are also more expensive than the prices charged by many formation agents.
Cost to set up a limited company using the Web Incorporation Service
Companies House Web Incorporation Service can only be used to form a private company limited by shares with Model articles of association. The registration process can take up to 2 days and you will be charged a £10.00 incorporation fee. Furthermore, if your application contains any errors, it will be returned by post and you will have to resubmit it by post. If additional documentation is requested after submission, you will also have to send this by post. You cannot file these documents electronically using this service.
Cost to set up a limited company by postal application
The postal application usually takes up to 8-10 days to process. The standard registration fee is £40.00. Again, if you make any errors in your application, it will be returned to you by post and you will have to resubmit by post. This will cause even further delay.
Rapid Formations online registration services
You can form a limited company from £9.99 plus VAT. Limited Liability Partnership (LLP) registration is available for £29.99 plus VAT. Whichever type of company you wish to set up, you will require following these 4 simple steps:
- Choose a company name – you can check the availability of your proposed company name by entering it into our online name-check facility. This can be found on our homepage.
- Select a company formation package – choose from our wide range of budget and comprehensive packages for companies limited for shares, and our specialist packages for limited by guarantee companies, Non-UK residents, and LLPs.
- Pay for your company formation package and optional extras (no hidden Companies House fees).
- Complete the simple 4-step online application form.
When you have entered all of the necessary information, one of our hawk-eyed specialists will check your application before sending it to Companies House. Most registrations are approved in less than 3 working hours. However, if your application contains any errors or you are asked to send additional documentation, you will be immediately notified by email. Corrections can be carried out online and documents can be filed electronically, thus causing no significant delay to the registration process.
When Companies House approves your application, we will send you a confirmation email with digital copies of your incorporation documents. You can begin trading whenever you like, and you can manage your company online using our free Admin Portal.
For detailed guidance on the entire company formation process, please click here.