Private limited companies in the UK can be registered at Companies House by just one person. Whilst the application form requires you to have a minimum of one director and one shareholder, it is commonplace for the same individual to hold both of these positions. This means you can set up a company on your own.
This is very beneficial for small business owners who prefer to work alone or don’t need a business partner. What’s more, the flexibility of a limited company structure enables additional directors and members to join the business at any time after company formation.
Who can set up a limited company?
Almost anyone can set up a limited company in the UK as long as they are least 16 years old and not an undischarged bankrupt or a disqualified director. Furthermore, there is no need to reside in the UK to set up a company here.
Company formation requirements
In addition to having at least one director and shareholder (or guarantor), Companies House requires all limited companies to have a registered office address at the time of incorporation. This will be the official address of your new company and it must be situated in the same UK jurisdiction in which you choose to incorporate, i.e. England and Wales, Scotland or Northern Ireland.
You will receive all statutory mail from Companies House and HMRC at your registered office. These address details will be placed on public record, and you must make your statutory company records available for public inspection at this location.
The easiest way to register a company limited by shares or guarantee is to complete an online application through an authorised company formation agent like Rapid Formations. The following details will be required:
- Company name
- Registered office address
- SAIL Address (if applicable)
- Nature of business activities to be conducted (you will indicate this by selecting up to four SIC codes).
- Details of all directors, including a service address
- Details of all Members, including a service address
- Memorandum and articles of association
- Details of issued shares (if applicable)
- Information on the company’s people with significant control (PSCs)
Your application will be reviewed by one of our specialist agents and submitted to Companies House via Software Filing. In most cases, applications are approved within just 3 working hours. You will be able to start trading anytime thereafter.
Our company formation services
Rapid Formations provides a selection of online company formation packages for companies limed by shares, and tailor-made packages for companies limited by guarantee and Non-UK residents.
If you are ready to register a company, all you have to do is spend around 5 minutes completing the online application form, pay for your package and any additional services, and then amuse yourself for a few hours whilst you await the arrival of your confirmation email and incorporation documents.
If you require a professional Registered Office Service or Service Address, you can add these extras to your company formation package before checking out and completing the online application.