Share capital of only £1 is needed to start up a private limited company. Limited Companies are formed with both an authorised share capital and an issued share capital. The authorised share capital is the total number of shares existing in the company multiplied by the nominal value of each share. Not all such shares may have been issued. The issued share capital is the same calculation in respect of all the issued shares.
A company incorporated in England and Wales can be created with any number of shares of any value, in any currency. Unissued shares can be issued at any time by the directors, subject to prior authorisation by the shareholders. If you need to increase your share capital, talk to one of our advisers or e-mail us and we can help you to do it quickly and seemlesly. We will also help you to understand different types of shares including Ordinary, Special, Bearer shares and their differences.
Shares in a private company are usually transferred by private agreement between the seller and the buyer, as shares in a private company may not by law be offered to the general public. A stock transfer form is required to register the transfer with the company. The articles of association of private companies often place restrictions on the transfer of shares. if you are not sure hoew to transfer shares to other individuals or redistribute your share capital among existing shareholders, just get in touch with us and we will explain you the pocedure and, if required, help you to prepare all paperwork for share transfer.
Certified and Appostiled documents
If you need to use your documents to open a branch outside of the UK or to open a bank account in a foreign bank you will need your documents to be appostiled. Please, specify on the order form if any of the documents need to be appostiled at a time of the order to avoid delays in future. You may, however order appostiled copied of any of your company documents any time after registration of the company.
About Nominee services
By using nominee shareholder and nominee director you will avoid your name to be visible to general public as a beneficiary of the company through Company Registrar. Instead, the name of the nominee will be displayed as a director, shareholder or/and secretary. You will get General Powers of Attorney that will enable you to conduct business on behalf of your company and sign any documents as you would do if you were director/shareholder yourself. Your name will only appear in our Nominee Services Agreement which is an internal document kept in our files and your files.
Some questions that you might have before registering a company
Is there a minimum age under which an individual is barred from acting as a company director?
A director can not be appointed unless they are at least 16 years old.
Are company directors permitted to give a corporate address or PO Box number as an address?
A company officer is required to give both their usual residential address (URA) which will not be displayed on the public record and their service address which will be. The service address may be a corporate address. In either case the addresses given must be a physical location, a PO Box number is unacceptable unless it forms part of a full address.
Can a PO Box be used for the Registered Office address?
Yes, provided the full address is given, including the postcode, and it is validated by the Royal Mail.
Is there a requirement that subscribers or officers of British limited companies be resident in the UK?
No. Subscribers or officers may be resident outside the UK.
What are the objects of a company?
The objects are what the company does. New companies are considered to have unrestricted objects unless they specifically insert a clause in their articles detailing them.
Where can I find a set of Memorandum & Articles of Association?
Your copy of Memorandum and Articles will be provided by us without extra charge. These will be our standard documents with objects as discribed above. However, if you require specific objects to be inserted in your Memorandum and Articles we can arrange this to be done for additional charge of 50 GBP. Please, contact us with regards to this matter.
Are certificates given by the Registrar of Companies accepted for the purpose of issuing legalisation certificates?
Certificates issued by Companies House are stamped or electronically signed but they will not be accepted by the Foreign and Commonwealth Office for the purpose of issuing legalisation certificates.
The Foreign and Commonwealth Office require that documents must have the original signature or seal of a British public official (solicitor).
We can arrange those documents to be certified and/or appostiled for you. Please, specify in the order form if you require this service.
These are words and expressions which, when included in a company name, may imply business pre-eminence, a particular status or a specific function. For this reason, you must seek approval of the Secretary of State before the proposed company can be incorporated (or requesting a change to a company’s name). The aim is to ensure that the inclusion of the word is justified so that its use in the name does not mislead the public. Companies House administers the approval process on behalf of the Secretary of State.
Is there a list of sensitive words?
The words set out in Appendix A are prescribed under the ‘Company, Limited Liability Partnership and Business Names (Sensitive Words and Expressions) Regulations 2009 (SI No. 2615)’. To use these words you must obtain the support of the body shown in Table A and send it with the ‘Application to register a company’ (Form IN01) which will allow the Secretary of State to consider whether or not to approve the name.
The words set out in Appendix B are also prescribed under the above regulations. If you choose a name that includes any of these words you will need to write to the 'relevant body' to ask whether they have any objection to the proposed name and deliver a copy of the response with your application.