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Useful advice, tips and business news.

Dec 12, 2016
Jul 25, 2024

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Guide to Company Limited by Guarantee

Everything you need to know about a standard company limited by guarantee, including a charity company, a CIO, right-to-manage organisations, and property management entities subtypes of CLG.

🔑 Key Takeaways

  • A company limited by guarantee (CLG) is suitable for charities, social enterprises, or membership organisations who wish to enjoy limited liability protection.
  • Like private limited companies, a CLG is a separate legal entity from its owners; however, unlike an LTD, company profits are reinvested to finance the institution's objective, and members are not shareholders but rather guarantors.
  • The business must comply with both the official Registrar of Companies and the Charity Commission UK requirements.

A company limited by guarantee is a type of limited company in the UK registered to advance the objectives of non-profits such as clubs, charities, societies or any other institution seeking to function under the protection of limited liability.

Insight

There are four main types of companies limited by guarantee —

  • Company Limited by Guarantee — Registered only at Companies House for the benefit of the members without seeking charitable status.
  • Company Limited by Guarantee Charity — Has the option to register with both the Registrar and Charity regulator or solely with the Commission. When registered with both, it becomes a Charity Company. However, if registered only with the Commission alone, it is termed a Charitable Incorporated Organisation (CIO).
  • Company Limited by Guarantee (Property Management) — An institution registered for tenants' benefit, which may also be set up as a company limited by shares.
  • Company Limited by Guarantee (Right to Manage) — Can only be an entity limited by guarantee, which gives leaseholders the right to take over the management of a property from the landlord.

In the next section, we’ll go over each in detail.

Company Limited by Guarantee

As stated, a private company limited by guarantee is registered with Companies House, the official registrar of companies. Unlike a private limited company (ltd), the company does not have shareholders or a framework for raising funds through share capital. However, it has guarantors whose liability is limited to the value of the nominal guarantee they pledge. 

Formation Requirements

  • Company name, subject to the same rules as one limited by shares.  
  • Director and guarantor details, including name, date of birth, nationality, residential address, and service address. Guarantors can be individuals or a corporate body with perpetual succession. 
  • Governing documents, which include articles and memo of association
  • Details of persons with significant control (PSCs), including full name, date of birth, nationality, residential address, service address, nature of control, and three security details for online signature.
  • A registered office address.
  • Bank details.
  • A service address for the initial subscribers, which will appear in the company public register.
  • Standard Industrial Classification (SIC) code that describes the business activity.

Insight

In a standard CLG, the memorandum of association specifies that the members agree to guarantee a certain amount towards the company's debts. The articles outline how the company will be managed and operated, including details on membership, decision-making processes, and financial matters.

Read also: Director Service Address vs Registered Office Address 

Key Features 

  • The company is a legal person separate from its owners.
  • Offers limited liability protection, restricting the liability of the members to the value of the guarantee provided at the point of formation. 
  • Incorporated and regulated by the Registrar, subject to the Companies Acts. 

Company Structure

A company limited by guarantee works through the following structure — 

  • Directors (at least one) — Like a Ltd, members must appoint directors to manage its day-to-day operations. 
  • Committee and powers — Directors can delegate certain responsibilities to sub-committees. 
  • At least one guarantor — Similar to shareholders, they guarantee to pay a certain sum in case of insolvency. 
  • Meetings and voting — The members can attend meetings, vote, appoint, and remove directors. 
  • Company secretary — The CLG may opt to appoint a company secretary who helps the director oversee that the company complies with all statutory requirements. 
  • A service address for the initial subscribers appears in the company public register.
  •  Standard Industrial Classification (SIC) code that describes the business activity.

Filing Requirements

The CLG must file the following documents with the company’s Registrar — 

  • Annual confirmation statements 
  • Annual accounts
  • Report company changes 
  • Accounts and company tax returns for HMRC
  • VAT Returns, PAYE reports, and Self Assessment tax returns (as relevant)

The company must also maintain a register of members and a register of Persons With Significant Control. 

Suitability 

A company limited by guarantee is suitable for membership ventures seeking to pursue non-profit objectives for the benefit of the members under limited liability protection.

Warning

Technically, according to company law, a business limited by guarantee is not a charity but is legally considered a non-profit. Non-profit institutions encompass a wide range of entities that operate for the public benefit without the primary goal of making a profit. A Charity Company, on the other hand, is a specific subset of a non-profit established for philanthropic purposes and must be registered with the Charity Commission to obtain charitable status.

Company Limited by Guarantee Charity

Depending on the registration process, two main types of charity companies are limited by guarantee. These are —

  • A charity company is a CLG registered with the Registrar and the Commission. 
  • Charitable incorporated organisation (CIO), a CLG registered only with the Commission.

Formation Requirements (Charity Company)

Insight

Charity Companies are peculiar, for they have to abide by the regulations of the Companies Act, 2006, as implemented by the Registrar, and the Charities Act 2022, as implemented by the Charity Commission. In the registration process, you first register your company with the Registrar, then incorporate it as a charity with the Commission.

On the side of Companies House registration, the following are the requirements for registering a charity company.

  • To register, it is essential to ensure the charity name is available by searching both the company and charity register. 
  • The directors of the CLG automatically become the trustees of the charity company, and new trustees can also be appointed to add to the number. 
  • Objectives must pass the public benefit test. 
  • Governing Documents, including the articles and memorandum of association.
  • Registered office address and bank details.

Insight

For a charity company, the memorandum of association must clearly state that the company is formed for benevolent purposes, while the articles should outline how the company will be governed, including provisions related to charitable activities, distribution of profits, and compliance with charity regulations.

Key Features

  • The company is a separate legal entity from the trustees and guarantors
  • Liability is limited to the value of charity assets 
  • A charity is answerable to both the Registrar of Companies and the Commission.

Structure 

It works through the following structure — 

  • Trustees who are responsible for running the entity. 
  • Guarantors are members of a company limited by guarantee continue to support the objectives of the venture. 
  • PSCs or beneficial owners who exercise control over the company.

Filing Requirements

The CLG must file the following documents with the company’s registrar — 

  • Annual confirmation statements 
  • Annual accounts
  • Report company changes 
  • Accounts and company tax returns for HMRC
  • VAT Returns, PAYE reports, and Self Assessment tax returns (as relevant)

The company must also maintain a register of members and a register of Persons With Significant Control. 

Read also: Your HMRC UTR Number Explained

Suitability

A charity company is suitable for individuals or entities seeking to implement projects or programs that benefit the public or a target population.

Understanding the Difference Between Companies Limited by Guarantee vs Charity Companies Vs Charitable Incorporated Organisation
Feature Company Limited by Guarantee Charity Company Charitable incorporated organisation (CIO)

Registration process

Registered by Companies House

Incorporated with the Commission after being registered at Companies House.

Registered with just the Charity watchdog for England and Wales.

Registered office address and SIC code

Requires a registered office address, and sic codes must be provided during registration.

Only the address of a contact person is required.

Governance documents

  • Articles of association

  • Memorandum of association

A company constitution that outlines its structure, rules and operations.

Director/Trustee salary

Can pay directors a salary for running the institution on behalf of the owners (members) for their roles and responsibilities.

Trustees or directors are considered volunteers and are not eligible for pay unless otherwise specified in a governing document.

However, such individuals may receive remuneration for services rendered in their professional capacity (and not simply for being a trustee.)

Legal entity

The company becomes a distinct legal person separate from its guarantors.

Incorporated body with a legal status distinct from trustees and members.

Liability

Liability of the guarantors is limited to the amount provided as a guarantee.

Only the charity is liable if the company becomes insolvent. Liability is limited to the assets of the charity.

Structure

A CLG has the following —

  • Directors are responsible for the daily management of the company.

  • Guarantors provide financial backing by providing a nominal amount to cover company debts in case of insolvency.

  • PSCs are the guarantors or directors with the capacity to influence the operations of the company.

Once the CLG is incorporated and gains its charitable status, the following becomes the new structure —

  • The directors transition to become the trustees of the company.

  • The guarantors become members without the responsibility to provide financial backing since liability is now limited to the value of the charity assets.

  • PSCs in the CLG transition to being PSCs in the charity company.

A CIO structure includes —

  • Trustees are responsible for daily management.

  • Members.

Tax benefits

Not automatically eligible for tax benefits

Eligible for tax benefits. For example, the entity can reclaim an additional 25% tax on eligible donations from UK taxpayers in schemes like Gift Aid.

Funding

It relies on funding sources such as membership fees and commercial activities. Can trade to raise funds

Eligible to rely on donations and other revenue streams, including trading, to raise funds.

Can trade, but not allowed to depend solely on trading as a means of raising funds for itself.

However, it can set up a wholly owned and controlled subsidiary for this purpose.

Profit distribution

Profits are reinvested to support the objectives of the company.

Profits and assets cannot be distributed to members but are reinvested to support the charity objectives of the company.

Filing requirements

The Registrar's filing requirements

  • Confirmation statements

  • Annual returns

  • Financial statements

If the commission has incorporated a CLG, it can also file —

  • An audit exemption report if eligible.

The regulatory burden of the CIO is simpler and lighter than that of a charity company. They are only required to file the above-listed items with the commission.

Objects

Objects must align with the company’s mission.

Objects must be philanthropic and beneficial to the public.

Compliance requirements

Must comply with the company registrar's requirements

Must comply with both the Registrar's and the Commission’s requirements.

Must only comply with the Commission’s requirements.

Suitability

Established for the benefit of its members

Established the benefit of the public.

Difference between a Private Company Limited by Shares and a Company Limited by Guarantee

One of the key differences between a private LTD and a guarantee company is how the two legal structures treat profits. In a limited company, shareholders can opt to distribute profits to its members as dividends or reinvest them back into the company. 

But, a company limited by guarantee is by nature a not-for-profit entity and the guarantors can only reinvest profits back into the business to finance their objectives but not withdraw as profits.

Insight

The law does not explicitly require a CLG to not distribute profits. However, if your intention is to share profits, registering an ordinary private company limited by shares will make more sense.

Company Limited by Shares (LTD) Vs. Company Limited by Guarantee (CLG)
Difference LTD CLG

Objectives

Established for the profit of the shareholders.

Established to advance the objectives of membership organisations such as a co-operative or sports clubs.

Legal structure

Shares in the company represent the degree of ownership.

Guarantors do not own shares or the company but provide financial backing in case of insolvency.

Profit

Withdraws profit as dividends for the benefit of owners.

A CLG cannot withdraw profits from the business for the owner's benefit but must reinvest them to finance the entity's objectives.

Liability

Limited to the value of shares held, whether paid or unpaid.

Limited to the value guaranteed.

Share capital

Company issues shares to shareholders.

In a statement of guarantee, each member agrees to pay a certain amount.

Conversion to a Charity

There is no legal process for converting an LTD into a charity.

A CLG can attain full charity status by being incorporated with the charity commission.

Management

Governed by directors who may or may not be shareholders.

Governed by directors who may or may not be guarantors.

Membership changes

Shares can be transferred between shareholders, subject to restrictions in the articles.

No shares to transfer; membership changes are by resolution and recorded in the register of members.

Distribution of assets during liquidation

Surplus assets are distributed to shareholders in proportion to their shareholdings.

Surplus assets are distributed to other non-profit entities with similar objects.

Yet, with the above differences, the two structures have the following similarities — 

  • Offer limited liability protection to the owners in case of insolvency. They will only be responsible for paying company debts up to the value of shares or guarantee.
  • Registered and some of their pertinent details such as registered address, director information, shareholder and guarantor details, and filings are available in the companies register for public scrutiny. 
  • Are required to have one director, secretary (for public limited companies though optional for ltds and CLGs) and members (who act as shareholders and guarantors.)
  • Established by a memorandum of association, signed by all the initial subscribers agreeing to start the business, and the articles outlining rights, responsibilities, and how the business will manage its operations. 
  • Require registered office address, director service address, and company name found to be available by searching the register.
  • Have similar routes for dissolution, which can either be by voluntary strike-off, Members' Voluntary Liquidation (MVL) (for solvent companies), Creditors' Voluntary Liquidation (CVL) and compulsory Liquidation (for insolvent businesses).  

For the most part, the same rules and regulations apply to companies limited by guarantee as to companies with a share capital.

See also: The Difference Between a Voluntary and Compulsory Strike Off

5 things to know company limited by guarantee

What is the process of forming a company limited by Guarantee?

Registering a company limited by guarantee requires the following — 

  • A company name: Use the uk company public register of companies to find the available and suitable name for your venture. 
  • Registered office and director service address for directors, shareholders and guarantors. 
  • Determine your SIC code aligned to the intended activities of your venture
  • A limited company by guarantee must have at least one director and guarantor. 
  • Statement of guarantee indicating the circumstances during which each subscriber will pay the typically £1 nominal guarantee amount. 

Can guarantors take a share of the profits?

No. Guarantors cannot take out a share of profits because the business structure is designed for non-profit ventures. In case there is surplus income, the entity is expected to reinvest the surplus back into the business. If the members ever decide to take out profits, the company will no longer be considered non-profit and will not be able to apply for charity status. 

What is the difference between a shareholder and a guarantor?

What sets apart a shareholder from a guarantor is their role and expectations within different types of companies. Shareholders are associated with limited companies, whereas guarantors are found in companies limited by guarantee.

Shareholders hold ownership in LTDs and anticipate receiving dividends as returns on their investments. They have a stake in the profits and losses of the company based on the number of shares they hold.

On the flip side, guarantors are connected to companies limited by guarantee. Guarantors are not typically interested in profit-sharing or dividend distributions like shareholders; instead, they serve as a financial backup in case of financial difficulties for the company.

Why set up a limited company by guarantee?

Some of the reasons why members may opt to set up as a CLG include — 

  • Personal liability protection — By forming a CLG, the liability of the company’s members is limited to the amount they agree to guarantee in the event of insolvency, protecting personal assets from being used to settle company obligations.
  • To pursue objectives that benefit society — The enterprise is able to operate as a legal unit while focusing on its core objectives without the pressure of maximizing profits for shareholders.
  • Credibility — Being registered as a limited company can enhance the credibility and reputation of the organisation. It signifies a formal and transparent structure, which can be appealing to stakeholders, donors, and partners.
  • Perpetual succession — It offers perpetual succession, meaning it can continue its existence regardless of changes in membership, a feature crucial for organizations with long-term goals and commitments.

Overall, the decision to incorporate a company limited by guarantee should depend on the specific goals, activities, and interests of the subscribers. If you are doubting if this is a viable option for you, please call us at +44(0) 207 689 7888 or email info@yourcompanyformations.co.uk for a free, no-obligation consultation.

Can a Company Limited by Guarantee Lose Its Charitable Status?

Technically, a CLG does not have charitable status, since it's only acquired after the non-profit is incorporated by the Charity Commission and transforms into a charity company. However, it may lose its right to incorporate into a charity if — 

  • Members take out surplus profits as personal income;
  • If profits are distributed to members as a form of dividend payment.

If the company has already incorporated into a charity, it will lose its status if it takes any of the above actions or fails to — 

  • Adhere to its governing documents particularly pursuing its objectives.
  • Comply with regulatory requirements such as filing confirmation statements and reports to the commission or the registrar of companies. 

Can guarantors take a share as evidence of ownership?

No. A company limited by guarantee must not and cannot issue shares. The guarantors' evidence of ownership is found in the statement of guarantee, where they pledge to provide a nominal amount in case of insolvency. 

The company’s memorandum of association that lists the subscriber agreement to form the venture also serves as proof of ownership. However, there is no stake given in terms of shares. 

Is an article of association relevant to the formation of a not-for-profit company?

Yes, it is a compulsory governing document for uk non-profit company. It documents how the subscribers intend to manage the enterprise. It contains the following information —

  • Directors powers, responsibility and scope for decision making;
  • Process of obtaining membership and resigning
  • Meetings
  • Voting procedures
  • Administrative arrangements

See also: Memorandum and articles of association 101

Guarantee companies vs companies with share capital

A CLG is like an ordinary private company limited by shares. However, unlike LTDs, a non-profit has no shares or shareholders and reinvests surplus income to enable the company to run its day-to-day activities. Yet, both entities are required by law to file accounts at the Companies Registration Office and submit annual returns. The CLG is set up for certain objects for the benefit of its members while an LTD is established primarily for profit-making purposes and to provide returns to its shareholders.

Can limited by guarantee companies have persons with significant control?

Yes. A CLG can have PSCs who exercise ultimate control over the company. Despite the unique structure of CLGs without shareholders or capital in the traditional sense, individuals within the organization can still qualify as PSCs if they meet the criteria outlined in the Companies Act 2006. 

An individual or company who fulfils one or more of the following conditions qualifies as a PSC - 

  • Directly or indirectly holds more than 25% of the voting rights.
  • Directly or indirectly holds the right to appoint or remove a majority of directors.
  • Otherwise has the right to exercise significant influence and control.

Company name requirements for guarantee companies

CLG naming requirements are the same as the business name requirements for private limited companies. Your CLG name must not — 

  • Be too similar or identical to an existing corporation name;
  • Imply any connection with the UK government, local authority or any agency;
  • Include sensitive words like “Charity” without the appropriate permission;
  • Be offensive, inappropriate or likely to cause harm; and
  • Suggest criminal activity or be contrary to public interest.

What is the difference between a Charitable Incorporated Organisation (CIO), a Community Interest Company (CIC) and a Company Limited by Guarantee (CLG)?

The main difference between a CIO and a CIC lies in their legal structure and statutory oversight as explained in the table below.

Charitable Incorporated Organisation (CIO) vs Company Limited by Guarantee (CLG) Vs Community Interest Company (CIC)
Difference CIO CIC CLG

Regulation

Regulated by the Charity Commission according to the provisions of the Charities Act 2022.

Regulated by the CIC regulator according to company law.

Regulated by Companies House according to the company law.

Legal structure

It's a charity, making it a better vehicle for fundraising and enjoys a robust range of tax relief benefits.

Can be a company limited by shares or guarantee

It is a company limited by guarantee.

Governing documents

Governed by a constitution which includes a memo and articles of association

An article and memo of association.

Objects

Can only contain philanthropic objectives according to the provisions of the Charity.

May pursue a wider scope of social aims than CIOs.

Can pursue social aims or revenue generation aims.

Directors/Trustee Salaries

Unless otherwise specified in their governing documents, trustees are considered volunteers and may not receive salaries for their roles as trustees. However, they may receive fair market value remuneration for services rendered to their institution in their professional capacity.

Directors receive salaries for managing the business on behalf of the members.

Asset lock principle

Must include an asset lock provision in their articles, that prevents assets or surplus income from being used for private gain apart from the objects of the company. If solvent during dissolution, and subject to the consent of the regulator, surplus assets can be transferred to another asset locked body.

Does not have a statutory requirement to observe the principle but can include a provision with a similar outcome in its articles.

Trading

Can trade but is not allowed to rely on trading as a primary source of funding.

Can trade and generate income like a private company.

Allowed to trade and rely on trading income as primary source of funding.

Tax benefits

Enjoys multiple tax concessions including —

  • No tax on primary purpose trading, capital gains and investment.

  • Automatic 80% relief from business rates

  • No inheritance tax on legacies

Taxed as a commercial company with little to no concessions.

May not have the same tax advantages as charities but may access rate deductions for voluntary institutions at the discretion of their local authority.

Jul 30, 2014
May 7, 2024

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How to recover your company authentication code?

When you first register a Limited company with Companies House, Companies house will send you a company authentication code to your registered office address.

When you first register a Limited company with Companies House, Companies house will send you an authentication code to your registered office address. Normally this can be from 4 days to 4 weeks from our personal experience, if you are using our registered office address this will be sent out same day 1st class.

What to do when you have lost your companies authentication code

If you are unable to locate the letter that contains the authentication code you will be able to log on via the Companies House website. If we have formed the company for you, we will be happy to do this on your behalf, otherwise if you have formed this yourself you just log onto the WebFiling factily provided by Companies House. If its your first time of using the online WebFiling facility you will need to register your details. Using this method is quick and efficient and can save you valuable time.

Can I change my authentication code?

Yes you can change your authentication code by writing to Companies House and request that you would like to change this. You will need to write the request on official headed paper and it will need to include the following details:

  • The name of the company
  • The registered office address
  • The company number
  • The current authentication code
  • The new authentication code you would like to use
  • The full name of the director and shareholder

Why do I need the company authentication code?

The code is very important, it is used for on-line filing via the Companies House website. The authentication code will allow you to file annual returns online, file annual accounts, change and update the companies details such as directors, shareholders and secretary`s. You will need to keep the code safe as anyone who has access to this code will be able to logon and edit the information easily.

Additional insight: Companies House Company Authentication Code for Webfiling

Your Virtual Office London are the original company formation agents

We have been helping business owners form companies for over over 40 years. Our team is one of the most experienced in the country, from historic company searches to simple partnership formation we are able to help your business. Whatever your question please don't hesitate to get in touch with the team, we look forward to hearing from you.

Mar 1, 2021
May 7, 2024

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How to File a Confirmation Statement With Companies House

Find out how to file confirmation statements using form CS01 (formerly AR01 annual return) and report changes to your company information.

🔑 Key Highlights

  • On 30 June 2016, Companies House introduced the confirmation statements to replace the annual return form AR01, reshaping the regulatory landscape for companies.
  • Its main objective is to “confirm” company information Companies House holds is correct and current.
  • All UK-registered companies, including dormant and non-trading businesses, are required to file an annual confirmation statement.

What Is a Confirmation Statement?

It is an annual statutory filing requirement for UK private limited companies and LLPs, which verifies that your business particulars held by Companies House are correct at a specific date. You must file at least one confirmation statement at least once a year.

By complying with the requirement, companies uphold transparency and guarantee the accuracy of corporate information within the public domain.

What Information Is Included in a Confirmation Statement?

Before submitting your confirmation statement, search for your company in the public register to review the information Companies House has on record for your company.

Examine it and identify any incorrect or out of date info.

companies house search

Based on what you find, prepare and submit your confirmation statement to “confirm” the accuracy of your company details or make any required amendments.

The company data to assess in the register which is what you’ll be confirming as accurate in your statement includes —

  • Registered office address;
  • Single Alternative Inspection Location (SAIL);
  • Company officials include the director, secretary, and LLP members;
  • Standard Industrial Classification (SIC) codes (i.e., the company’s principal business activities);
  • People with Significant Control;
  • Exemption from keeping a PSC;
  • Name of each shareholder
  • Shares held by each
  • Statement of Capital which includes -
    • Total number of issued company shares
    • Share class or classes
    • Total number of issued shares of each share class
    • Total nominal value of each share class
    • Aggregate amount unpaid
    • Prescribed particulars of the rights attached to each class of share
    • Currency of the share value
  • Trading status of shares

🛈 Quick Reference

According to the Economic Crime and Corporate Transparency Act, existing companies with a confirmation statement date from 5 March 2024 must give a registered email address when they file their next statement. Further, starting on 4 March 2024, new companies must provide a registered email address in their application for incorporation. The email address will not appear in the public record.

Five Things to Know About Confirmation Statements
Five Things to Know About Confirmation Statements

How to File Your Confirmation Statement With Companies House Online and Make Changes to Your Company Information

To hand in your confirmation statement and update your company details online with Companies House every 12 months, follow these steps:

  1. Use the Companies House search service to retrieve the current information they have on your company.
  2. Assess if any changes have occurred since the last confirmation statement filing. Even if your company is dormant, not trading, or no changes have occurred, filing remains a mandatory requirement.
  3. You can only report the following changes through your confirmation statement —
    • SIC codes
    • Shareholder details
    • Statement of capital
    • Trading status of shares
    • Exemption from keeping a PSC register

Please note that the following changes are reported through other Companies House forms

  • Company name;
  • Registered office addresses;
  • Constitutions; 
  • Director or secretary;
  • Changes in the address where statutory registers are kept or
  • PSCs information.

For a more detailed guide, refer to the comprehensive information provided in this GOV.UK guide.

Insight

The confirmation statement validates that the limited company or LLP records as held by the Registrar are accurate and current. As a result, every existing company, regardless of its trading status, must confirm this information annually.

To file your statement follow the steps below –

  1. Sign in to Companies House WebFiling – or register if you haven’t already
  2. Click on ‘Your Companies’ in the second option on the bottom menu.
  3. Enter your company number in the search box.
  4. Click on the click on the ‘file confirmation statement’ on your company overview screen.
  5. On the screen that loads up next, you can change the date of your next statement and report if your company has been admitted to trading on a market (stock exchange).
  6. Click on “next” and you’ll then have the different areas that the system will ask you to confirm. These are —
    1. Is the registered office address correct?
    2. Are the officer's details accurate?
    3. Are company records held at a single alternative inspection location?
    4. Is the Standard Industrial Classification Code correct?
    5. Is the statement of capital accurate?
    6. Are the shareholders and their indicated particulars correct?
    7. Are the details of the people with significant control current?

If there is any detail that does not reflect a recent filing, you are required to complete the relevant form and ensure that the details are reflected before filing the confirmation statement to Companies House.

Once you confirm everything is correct, click on the ‘confirm’ check box and submit. 

Warning

Remember, the statement simply confirms that the information the Registrar holds about your company is accurate and up to date. Therefore, you may need to file a separate form if there is any discrepancy.

After clicking on ‘Your Companies’ at the top menu and clicking on the relevant company you want to file for, click on the ‘Company Overview’ link on the left panel. Once the page loads, you’ll see a blue button on the top right-hand corner labelled ‘all forms.’ You can now use any required form to update any information that is out of date, and once done, continue the process of filing the statement.

When Is My Confirmation Statement Due?

You need to file a confirmation statement within 14 days of every 12 months from the date of incorporation. After the first year, subsequent statements should be filed every 12 months from the last confirmation statement date.

The period between the first statement and the date when the next one is due is, known as the review period. For instance, if your company files a confirmation statement on 30 September 2024. Your next review period starts on 1 October 2024 and ends on 30 September 2025.

Remember, all limited companies and limited liability partnerships, even those with no changes to report, are required to verify their company information is correct and up to date.

Insight

You can file a statement at any time during your review period, as often as you like or as soon as any reportable changes occur in the company. With each filing, a new review period begins from the submission date, and the subsequent deadline is 14 days of the end of your review period. It's worth noting that, if you opt to file multiple statements within a review period, you only pay the annual fee with your first confirmation statement during the 12-month review period.

FAQs

What steps should I take if my company has been struck off and my business bank account is frozen due to failing to submit a Confirmation Statement?

When a company no longer trades or fails multiple times to comply with legal requirements, Companies House marks it for Compulsory strike-off to remove it from the official register so that it ceases to exist as a distinct business entity. 

Before starting the strike-off process, Companies House typically issues at least two warning notices. These notices inform directors about the impending strike-off and explain its reasons.

Several factors can lead to an involuntary strike-off, including —

  • Failure to file confirmation statements;
  • Neglecting to submit accounts;
  • All directors resigning or being removed without replacement;
  • Failture to inform Companies House about a change of registered address; and
  • Ceasing trading without filing for dormancy.

Companies House can commence the compulsory strike-off process if any of the above circumstances arise.

You’ll have at least two months to comply with the requirements mentioned in the warning notice. Seek professional advice or engage Companies House directly to help navigate the situation and explore possible remedies.

Warning

Suppose your company has outstanding debts in the form of unpaid taxes to HMRC. In that case, they may file a winding-up petition seeking the liquidation of your company to pay off its debts. The petition will be advertised in the Gazette and become public knowledge. In response, banks will likely promptly freeze your accounts to mitigate potential liability associated with withdrawals made after the petition's filing.

Upon receiving a compulsory strike-off notice, address the reasons cited by informing Companies House of your operational status and promptly filing any necessary documents.

After compliance, redirect your attention to addressing frozen accounts by following these steps:

  • Settle the winding up petition by clearing any outstanding debt using your private funds.
  • Seek a validation order to authorise specific transactions into and out of your bank account during this period.
  • Negotiate a Company Voluntary Arrangement (CVA), including a formal repayment plan.
  • If necessary, explore the option of closing the company voluntarily through a Creditors’ Voluntary Liquidation (CVL).

These strategic steps can help navigate the complexities associated with a compulsory strike-off, allowing you to address immediate concerns and potentially find a resolution that aligns with your company's circumstances.

🛈 Quick Reference

Sign up for email reminders from Companies House, and we’ll send email alerts when your confirmation statement is due.

How much does it cost to file a confirmation statement?

It costs £34 to file your confirmation statement online via WebFiling, and £62 to send your Companies House form CS01 by post. While this method involves traditional mail, it remains a valid option for those who prefer or require a non-digital submission.

It's crucial to consider the mode of filing that best suits your preferences and circumstances. Online filing is generally faster and may offer real-time confirmation, while postal submissions may take longer due to the manual processing involved. Ensure you factor in these costs and choose the method that aligns with your company's needs and timeline.

See also: How to Use the Companies House WebFiling.

What happens when I forget to file my confirmation statement? 

Even if you have a company secretary or accountant, the director is ultimately responsible for meeting company filing requirements, like confirmation statements. If you miss the filing deadline, there could be consequences such as late filing penalties, legal implications, and potential damage to your company's good standing. It's essential to prioritize these filings to avoid complications and ensure compliance with regulatory obligations. Since you can file as many confirmation statements as you want during a review period, consider filing as soon as a reportable change occurs.

Jul 30, 2020
May 7, 2024

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Companies House Company Registration Number (CRN) Explained

Key insights on Company Registration Number (CRN) and how Companies House uses it to trace company information of incorporated businesses in the UK.

🔑 Key Highlights

  • A company registration number is a unique alphanumeric code provided by Companies House upon registration for used to identify businesses incorporated in the UK.
  • It is also called the ‘Company Number,’ especially on the certificate of incorporation or ‘Companies House Registration Number.
  • Sole traders and general partnerships, not registered at Companies House, do not have a CRN. However, limited companies, including LTDs, limited liability partnerships (LLPs), and limited partnerships (LPs), have one.
  • A company registration number remains the same for the entire lifetime of the company.

What Is a Company Registration Number (CRN)

A company registration number comprises 8 numbers or 2 letters followed by 6 digits. It is issued by Companies House to identify limited companies in the UK. 

Sometimes, it may also be referred to as a company number, Companies House number, incorporation number, or business registration number. 

What Is the Format of a Company Registration Number

A CRN can take several forms depending on the jurisdiction of your company formation or the type of company you incorporate. See the table below for details.

Jurisdiction of incorporation

Company Type

Description

Example

England and Wales

Limited Company

An eight - digits that start with 0 or 1

01234567

LLP

Alphanumeric comprises a two-letter “OC” prefix followed by six numbers.

OC121212

LP

Alphanumeric comprises a two-letter “LP” prefix followed by six numbers.

LP222222

Northern Ireland

Older (pre-partition) companies

Alphanumeric comprises a two-letter “NI” prefix followed by six numbers

NI1212121

Limited company (post-partition)

Alphanumeric comprises a two-letter “OR” prefix followed by six numbers.

R0333333

LLP

Alphanumeric comprises a two-letter “NC” prefix followed by six numbers.

*NC123456

LP

Alphanumeric comprises a two-letter “NL” prefix followed by six numbers.

NL444444

Scotland

Limited Company

Alphanumeric comprises a two-letter “SC” prefix followed by six numbers.

SC555555

LLP

Alphanumeric comprises a two-letter “SO” prefix followed by six numbers.

SO888888

LP

Alphanumeric comprises a two-letter “SL” prefix followed by six numbers.

SL111111

Table notes: *While the Northern Ireland Limited Liability Partnerships prefix is NILLP, when a user signs into webfiling, only the prefix NC, not NILLP, is required and displayed. Some older Northern Irish companies have CRNs with the letter ‘R’ followed by 7 digits, but these numbers are no longer issued.

How to Find Your Company Registration Number?

One of the main places to find the number is on your incorporation certificate from Companies House.

Other places you can locate your CRN number include —

  • Official correspondence with Companies House or HMRC.
  • Visit Companies House - GOV.UK register and search for a company by name, the result will show the CRN.
  • If you’ve changed your company name recently, you can locate the CRN in the change of company name certificate.
  • Review emails or correspondence from your company formation agent or accountant. They may regularly cite your incorporation number in their communication.
Sample Certificate of Incorporation UK
Sample Certificate of Incorporation UK

Insight

Your company’s Certificate of Incorporation, along with any statutory mail sent by Companies House, will display your company registration number. The company registration number is usually printed alongside or beneath headings such as “Company number.”

To find your company registration number in the public register run a Companies House search free of charge by following the steps below.

  1. Go to https://find-and-update.company-information.service.gov.uk/
  2. Enter the name of your company in the search box
  3. Click the “SEARCH” button
  4. You’ll see your company number just below the company name.

Your CRN Is Different From Other Numbers

Your Company Registration Number (CRN) serves as a unique identifier for your company within government records. However, it's crucial to distinguish it from other numbers used by various agencies. Below is a breakdown to clarify.

🛈 Info

  • Unique Taxpayer Reference (UTR) Number, a 10-digit identifier (e.g. 0123456789), also known as a 'tax number' or 'tax reference,' is issued by HMRC for tax purposes.
  • Value Added Tax (VAT) Number, an alphanumeric with the prefix “GB,” followed by nine numbers (e.g., GB123456789), is issued by HMRC for VAT registration.
  • Employer Registration Number (ERN), an alphanumeric number consists of a three-digit number followed by a forward slash and a mix of letters and numbers (e.g. 123/AB456). It's issued by HMRC when an employer registers for Pay As You Earn (PAYE).
  • Company Authentication Code, a six-digit alphanumeric code issued by Companies House to limited companies. It serves as an electronic signature during digital filings.
  • Companies House Standard Industrial Classification (SIC) code, assigned by Companies House, categorises a company's primary business activity.

How Companies House Uses Your CRN for Webfiling

Companies House requires that you provide your CRN WebFiling to enable them to identify and distinguish your company from the other registered entities. 

The unique number ensures that any filings or submissions you make through WebFiling are associated with the correct company record in the database.

Read also: How to File Company Information Online Using the Companies House Webfiling Service.

At What Point Will You Need a Company Registration Number? 

CRNs are required for any activity that requires signing in to the online filing system and make changes to your company records through either WebFiling or the Companies House account

Such filings and amendments include — 

  • Making your Companies House filings including – 
    • Submitting annual returns
    • Filing your accounts
    • Filing copies of resolutions
  • Amending company information with the registrar such as –
    • Company name change applications
    • Changing your registered office address and Single Alternative Inspection Location (SAIL) address
    • Your Accounting Reference Rate (ARD)
  • Adjusting your company structure, or company officer details which may include — 
    • Adding a new company secretary or secretary
    • Removing an existing company director or secretary
    • Changing the details of directors and secretaries
    • Increasing capital of shares
    • Issuing share certificates.
  • In your tax-related dealings with HMRC in the following cases for example — 
    • Registering for VAT
    • Paying your Corporation Tax, VAT, or income tax. 
    • Filing Company Tax Returns
    • Issuing dividend vouchers
    • Making national insurance contributions through PAYE

You’ll also need your CRN for official purposes such as opening a business bank account, signing contracts on behalf of your company, and applying for funding or tenders. 

Where do I need to display my Company Registration Number?

You are legally expected to display your limited company’s registration number on all your company stationery, including but not limited to —

  • Letterheads
  • Emails
  • Invoices
  • Receipts
  • Online content
  • Order forms

How to Register for a Company Registration Number

Your CRN will be provided by Companies House upon registration. There is no separate registration process to get a company number. As soon as your new limited company or Limited Liability Partnership (LLP) is registered, the number will be referenced in your digital certificate if you registered online or a paper certificate by post if you set up a limited company using a paper application. 

Will I get a new CRN number if I change my business name?

No. Your CRN will not change when you change your business name. 

It remains the same for the life of your company since it's the main way Companies House uses to identify your business regardless of any changes in name, address, directors, shareholders, or business activities.

Instead, you’ll simply receive a ‘certificate of incorporation on change of name’ from Companies House, which will contain the new name, date of change, and the same CRN number. 

Please note that the change of name certificate does not replace the original certificate of incorporation.  

Is a company registration number the same as a tax number?

No. CRNs are issued by Companies House as unique identifiers for individual companies on the register, whereas company tax numbers are unique 10-digit codes that HMRC assigns to companies to track tax records.

Just like with CRN, you do not have to apply for your UTR number, HMRC will automatically give you one as soon as your company is registered with Companies House. 

Do sole traders and ordinary partnerships get company registration numbers?

No. CRNs are only issued to limited companies and LLPs, including companies limited by guarantee because they are incorporated or registered at Companies House and are required to file statutory records.

Five Things to Know About Confirmation Statements
Five Things to Know About Confirmation Statements
Apr 25, 2024
May 7, 2024

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Companies House Company Authentication Code for Webfiling

Everything you need to know about how to get, recover, or use your Companies House, company authentication code.

🔑 Key Highlights

  • To get the authentication code, you’ll need to create a WebFiling account with Companies House and receive it to your registered office within 5 working days.
  • The code serves as the equivalent of a company officer’s signature and is used to authorise information filed online.

What is a Company Authentication Code / WebFiling Authentication Code?

The authentication code is a six-digit alphanumeric code issued by Companies House to limited companies. It serves as a company’s official digital signature and indicates authorisation to file online on behalf of a business.

Businesses use it to file on the following Companies House platforms —

How do you get an authentication code sent to your company's registered office address?

To get your code, register for WebFiling and follow the steps below.

  • Sign in to WebFiling.
  • Select either 'Your companies' or 'File for a company'.
  • Enter the company number and select where the company was registered.
  • Select 'Help with authentication code', then 'I do not have an authentication code'.

Companies House will post to your company’s registered office and take about 5 working days to arrive. For privacy and security reasons, Companies House will not send your code to an email ID or tell it to you over the phone.

However, if you incorporated your company through a formation agent, you’ll most likely have the code immediately after incorporation through their online client account.

How do you request an authentication code from Companies House to be sent to a director’s home address?

In response to the impact of COVID-19, Companies House set up a service that allowed company directors to request authentication codes to be sent to their home address instead of the registered office.

To use the service, all you have to provide is —

  • the company number
  • to sign in to or create a Companies House account, which is different from a WebFiling account

You cannot use this service if the company:

  • has filed a document online in the last 30 days
  • is not based in the UK
  • is not a limited company or limited liability partnership (LLP)
  • is dissolved

It takes around 5 working days for an officer to receive an authentication code at their home address.

Warning

According to the Companies House website, the request for an authentication code to be sent to a home address service was a temporary service to mitigate the impact of COVID-19. Though the service is still up, we advise individuals to request that their code be sent to their registered office.

How to use your code to file online using the webfiling service

You need your Companies House authentication code for all electronic filings through the WebFiling service, including —

  • Notice of change of company name
  • Change of company details, including confirmation statements and return of allotment of shares
  • Appoint a new director or company secretary, or termination.
  • Change of registered office and SAIL address
  • Annual account filings include changes in accounting reference dates and dormant accounts.

To file, change, or update your company information online, you'll need your:

It's faster and cheaper to file online since paper form filing fees are higher, and it can take weeks before you get an acknowledgement that a document has been received and approved. However, the online filing process has built-in checks to decrease errors and associated rejections.

You’ll need the code for any of the following official electronic filing channels —

To use third-party software, you’ll need to set up an online filing account to get a presenter ID and presenter authentication code.

See also: How to File a Confirmation Statement With Companies House.

How to change your code

You can change the company authentication code as many times as needed to something more memorable but not obvious.

If you suspect an authorised person might know the code or if your company management structure has changed, follow the steps below.

  1. Sign in to your webfiling account using your email address and password.

  2. Enter your company number and the country where the company was registered.

    Enter your company number and the country where the company was registered
  3. Enter the existing authentication code.

    Enter the existing authentication code
  4. Select ‘company authentication’ on the screen's left grey background panel.

    Company Authentication
  5. Indicate that you are changing your code.

  6. Choose a new 6-digit alphanumeric code, mixing numbers and letters.

  7. Re-enter the new code.

    Re-enter the new code
  8. Select 'change code'.

  9. A confirmation of the change with the replacement code will be sent to the registered office address.

Please note the change will take effect immediately. Therefore, it is important to notify anyone who files on your behalf.

How to cancel your code

To cancel your code, log in to the web filing service and follow the steps to change the code. Once you get to step 6, click to tick the box "I wish to cancel the company authentication code."

As soon as you cancel the authentication code, you can no longer file documents electronically with Companies House. You will have to submit paper filings instead.

If you wish to resume electronic filing, you will need to request a new authentication code from Companies House, which will be sent to your company's registered office address.

What to do when you have lost your company authentication code

If you find yourself in the situation of having lost your company authentication code, follow these steps to request a new one:

  • Sign in to WebFiling.
  • Select either 'Your companies' or 'File for a company'.
  • Enter the company number and select where the company was registered.
  • Select 'Help with authentication code', then 'I do not have an authentication code'.

It's important to note that if you previously had an authentication code, Companies House will send you a reminder rather than issuing a new code.

How to protect your authentication code and company details

To protect your company authentication code and other company’s details, it is essential you do not disclose it to any unauthorised person. Consider the following tips for enhancing the overall security of your company.

  • Keep people on a need—to—know basis—Access to your company's sensitive information, including the authentication code, should be on a need-to-know basis. If you are working with an agent, ensure they also have a strict disclosure policy governing how they’ll handle your code. 
  • Do not disclose your code through unsecured channels. Avoid responding to telephone or email requests for your code from unauthorised persons. There are reported cases of fraudsters posing as Companies House and requesting the code through the phone or email. Ignore such requests. 
  • Change it regularly — Over time, your company’s authentication code may become vulnerable due to breaches or leaks. Therefore, it is essential to maintain a consistent schedule of changing the code to reduce the risk of unauthorised access.

Warning

Notify Companies House by contacting the frauds team immediately if you suspect an unauthorised person has accessed your code. Further, log in to your website and change or cancel the code.

Apr 9, 2024
May 7, 2024

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File Company Information Online Via Companies House Webfiling

Everything you need to know about filing company information using the Companies House webfiling online service.

🔑 Key Highlights

  • WebFiling is an online service Companies House provides to companies to submit official documents and filings electronically.
  • An email confirmation is received for any document successfully submitted through the service.
  • Every limited company formed is allocated a unique WebFiling Authentication Code, which acts as an electronic signature

What is Companies House Webfiling

Webfiling service is a free online portal that enables business owners to submit statutory documents directly to the government in compliance with their filing requirements.  

You can use it to file the following documents (GOV.UK links) —

Warning

Charitable companies must adhere to charity and company law when preparing financial statements and therefore cannot submit ‘full audited accounts’ through Companies House new Webfiling. They must file their accounts directly to the registrar of companies by post and to the appropriate charity regulator as required by charity law based on the company’s jurisdiction —

With the multiple filing requirements, the advantage of using the online platform is that it's quicker than filing out paper forms. Submitting is instant, and built-in checks help users avoid errors and rejection.

How do I create my Company Webfiling Account?

Warning

Before registering for WebFiling, verify your company's eligibility to use the platform.

The service can be used by company numbers that contain all digits or have the following prefixes: NI, RO, and SC for limited companies and OC, SO, and NC for limited liability partnerships.

Most companies in the United Kingdom, including limited companies, limited liability partnerships, and community interest companies, meet the eligibility criteria.

However, it's important to note that companies or limited liability partnerships that have been dissolved, converted, or closed, among others, are not eligible to utilize the service.

Therefore, confirming your company's active status is crucial before registering.

See detailed guidance HERE.

To create your Companies House online profile, follow these steps —

  1. Go to the webfiling page:

    https://idam-ui.company-information.service.gov.uk/account/login/
  2. Click on “Create an Account” right below the sign-in button, and the following page will load:

    https://idam-ui.company-information.service.gov.uk/account/register/_start/
  3. Provide your details

    1. Your full name (optional)
    2. Your e-mail address
    3. Your phone number (optional)
  4. Click on the green “Continue” button.

  5. Verify the accuracy of the information provided.

    verify your digital address or phone number
  6. Verify your digital address or phone number before continuing.

    registration for webfiling
  7. Your profile will be created once you click your verification link or provide the code sent to your mobile number or email. Please note that this code verifies your number and should not be confused with the web filing code that will be sent to your address.

How do I use the Company Authentication Code for Online Filing and Update Company Details?

The authentication code is a 6-digit alphanumeric code issued to each company. The code is used to file information online and is the equivalent of a company officer’s signature.

You’ll need an authentication code to file your information online via webfiling or a third-party software.

See also: Companies House Company Authentication Code for Webfiling

How to get your company authentication code

To request your code, create an account or sign in to Companies House WebFiling and follow the instructions. Your code will be sent by post to your company’s registered office - it can take up to 5 days to arrive. If your company already has a code, they’ll send you a reminder.

How to use the WebFiling and Protected Online Filing (PROOF) Service

PROOF is a free service designed to protect your company from unauthorised changes by preventing the filing of certain paper forms changing the following details —

  • changes to your registered address
  • changes to your officers (appointments, resignations, or personal information)
  • changes to your company name by special resolution

According to Companies House, there are about 50 to 100 cases of corporate identity fraud every month, which include fraudsters hijacking companies by changing the details of their directors and registered offices.

Insight

After you complete your PROOF registration, if you need to file a paper form covered by the scheme, you must include a PR03 (consent form) when sending it to Companies House. To get the form e mail registrarsfunctions@companieshouse.gov.uk and write PR03 in the subject field. You will receive an automated e-mail with the PR03 attached.

5 things to know about the Companies House WebFiling

How to Sign Up for Email Reminders for key filing deadlines

The Companies House e-mail reminder service sends you alerts whenever your company's annual accounts and confirmation statements are due. 

As you subscribe for the alerts you can — 

  • choose up to 4 people to receive a notification (including an accountant, formations, or company secretarial agent)
  • file your document immediately from a link within the alert
  • receive reminders more conveniently
  • avoid late filing penalties by filing your accounts on time
  • use less paper, contributing to saving the environment

To set up, follow the steps below 

  1. sign into your online service account: https://idam-ui.company-information.service.gov.uk/ 
  2. Select ‘Activate e reminders’ from your company overview screen.
  3. Select ‘Add an e mail address’.
  4.  Enter your e mail address (a maximum of 4 for each company).
  5.  Follow the link in the email from Companies House to validate your e mail address.

How to File Your Company's Confirmation Statement and Other Forms or Documents

Your statement must be submitted to Companies House within 14 days of your due date.

Insight

To file any document electronically, you’ll need to sign up for Web Filing. For confirmation statements, if there have been any changes in your company over the last 12 months, you must file these changes before filing the statement. Some of the changes to report as soon as they occur (and not with your statement) include —

  • Directors and secretary
  • People with significant control (PSC)
  • Registered office address
  • Registered e-mail address

However, you can report the following changes within the statement itself —

  • Standard Industrial Classification (SIC) code
  • Statement of capital
  • Trading status of shares
  • Exemption from keeping a PSC register
  • Shareholder information

Once you’ve logged into your online filing account, click on the “file confirmation statement” on your company overview screen. 

On the screen that loads up next, you can change the date of your next statement and report if your company has admitted to trading on a market. 

Click on “next” after you’ve made the necessary adjustments. On this page, you can now verify that the information Companies House holds about your business is correct and up to date.  

See also: How to File a Confirmation Statement With Companies House

How to Use the Find and Update Service for Company Filings

In addition to the Web Filing, you can also use the Find and Update Company Information Service accessible through https://find-and-update.company-information.service.gov.uk/

As the name suggests, it is a portal for finding information and uploading certain information to the Companies House register.

Using the platform, you can search for a company by name, registration number, or officer. By selecting the link to a company of interest, you should be able to access information such as 

  • the registered address
  • current and resigned officers
  • date of incorporation

You’ll also be able to view the filing history and download accounts and confirmation statements if available.

Once you surface a company name, you’ll get the option for filing for that particular company. To access your Find and Update Company Information account, you cannot use your webfiling credentials. Instead, you must sign in with a Companies House email ID and password. 

To sign up, you’ll need to register with an e mail address, where an activation mail will be sent.

sign into companies house
Companies House account sign-in page

A limited company can only file abridged or full accounts and a change to a registered office using the find and update company information service. There are plans to add filings for — 

  • other types of accounts
  • confirmation statements
  • officer appointments
  • changes to the company details
Jun 24, 2020
May 7, 2024

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What Is Companies House?

Throughout all these stages to make a business plan successful, the most important and constant body/organisation you’ll be dealing with is Companies House.

Your business idea has been conceived. A business address has been finalised. And now your business plan is put into practise. Throughout all these stages, the most important, and constant, body/organisation you’ll be dealing with is Companies House.

Companies House in a Nutshell

Quite simply, Companies House is the registry of limited companies in the UK, and operates as an executive agency of Department for Business, Energy & Industrial Strategy.

The main remit of Companies House is to incorporate/register and dissolve limited companies (this includes limited liability partnerships) in accordance with the Companies Act 2006 in England & Wales, Scotland, and Northern Ireland. This legislation governs all company registration issues in the UK.

According to their domain on GOV.UK., Companies House states the following:

           “We incorporate and dissolve limited companies. We register company information and make it available to the public.”

Companies House has the responsibility for the storage and monitoring of company information as well as existing as the platform through which to update you company’s information. Tasks such as filing annual accounts and confirmation statements are done through Companies House.

Companies House makes this information publicly available and has the power to remove non-compliant companies from the register as well as relevantly penalising company directors.

Where Is Companies House Based?

Companies House is a relatively large organisation that employs approximately 1,000 staff across its UK-wide offices.

Since the UK has three separate legal systems (England & Wales, Scotland, and Northern Ireland) Companies House houses three different registrar branches, each of which exercises its remit with companies registered in that specific jurisdiction. Notably, London houses the fourth location but serves only as a data and information unit; documents are delivered and filed here as well as search services on UK-registered limited companies.

Companies House Locations:

  • Companies House Belfast Office, 2nd Floor The Linenhall, 32-38 Linenhall St, Belfast, BT2 8BG (responsible for companies registered in Northern Ireland, which are subject to Northern Irish law).
  • Companies House Cardiff Office, Crown Way, Cardiff, CF14 3UZ (responsible for companies registered in England and Wales, which are subject to English Law).
  • Companies House Edinburgh Office, 4th Floor, 2 Edinburgh Quay, 139 Fountainbridge, Edinburgh, EH3 9FF (responsible for companies registered in Scotland, which are subject to Scots Law).

The location of your company’s service address will determine which of the above Companies House “bases” handles your company incorporation and subsequent management of company documentation:

  • If your company has a registered office address in either England or Wales, then it will be incorporated by Companies House Cardiff
  • If your company has a registered office address in Scotland, then it will be incorporated by Companies House Edinburgh
  • If your company has a registered office address in Northern Ireland, then it will be incorporated by Companies House Belfast

Note: UK limited companies can operate throughout, and anywhere, in the UK even if it means you practise your trade in a number of UK jurisdictions. However, a company’s registered office address has to remain in the country of incorporation throughout its lifetime.

What Company Information Is Stored at Companies House?

Company information and data is viewable and used by the public, public bodies, other companies, and government. Companies House strongly advocates a culture of corporate transparency and therefore requires regularly reliable company information on its register. It endeavours to store comprehensive company data and information to ensure this transparency is maintained.

Upon completion of your company’s registration (whether it’s directly with Companies House or with the help of a company formations team) your company must provide a number of details for the Companies House register, including:  

  • Company name and registration number
  • Date of company registration
  • Type of company (for example, limited by shares, limited by guarantee, or limited liability partnership)
  • The UK jurisdiction of company incorporation
  • Your company’s registered office address
  • Details of the following: directors, company secretaries, shareholders or guarantors, people with significant control (PSCs), and LLP members (including other past or present company appointments held by each individual)
  • Standard Industrial Classification (SIC) codes
  • Any amendments made to company details and appointments
  • Annual accounts and confirmation statements
  • Notices of late or missed filing of statutory documents
  • Information of mortgage charges
  • Information of insolvency
  • Compulsory or voluntary strike-off instances
  • Directors who are disqualified
  • Details of any dissolved companies

The public, as well as organisations such as the police and crime agencies, as well as HMRC, utilise the above information to prevent and monitor important actions. Comprehensive statistical data is also made available by Companies House that enables the following:

  • Government can determine the possible impact of policy changes and analyse the economic impact on businesses.
  • Banks get an understanding of their corporate customer base.
  • Businesses can research and understand their market share in order to devise appropriate marketing strategies.
  • International business owners can make decisions on potential UK locations for their business.
  • Help academic institutions with their curriculum and business research.
  • Public service organisations can evaluate business-related policies.

Read also: Company Registration Number

What Digital Services Does Companies House Provide?

Companies House provides a number of digital services in order to manage your company online and access information. On the Government website, Companies House lists the following services, as well as a link to a customer charter that outlines the standards of services they provide:

Find company information free of charge and search for disqualified directors using the Companies House Service.

  • File company information online using WebFiling:

WebFiling ensures secure digital delivery of accounts, confirmation statements, notices of changes to company details, and registration of charges. Additionally, you can sign up for email reminders with WebFiling.

  • Find company information online using WebCHeck:

WebCHeck enables access to company information without a need to set up an account; most documents are available as images to download and view within minutes.

On the mobile app, you can store your most visited company searches as favourites and then organise them by various filters. Some helpful features include coloured icons to help you determine when a document is due be filed or when one is overdue.

The company data product is a free monthly snapshot of information for live companies on the public register.

Remember...

With over 4 million limited companies registered in the UK and over 500,000 new companies incorporated each year, it’s vital that there is a transparent and comprehensive “centre” to access the vast amount of company information.

Companies House Service’s recent “report it now” facility enables customers to inform Companies House of any issues related to the information held on the register, as well as suspicious company activity. Since its launch, over 58,000 reports have been made and you can take comfort in the knowledge that you have a platform in which you can rectify criminal company activity, yet also ensure you keep your house in order and provide up-to-date information when required.

For more information on the above, or for any related assistance, contact our friendly team and you can begin setting up your business address, today.

Jan 22, 2024
Feb 15, 2024

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Top 21 Best Small Business Apps to Manage Your Daily Operations

Find a comprehensive comparison list of the best business apps in 2024 to manage your business. Everything you need from project and inventory management to HR.

🔑 Key Highlights

  • Small business apps are more than just tools; they're the catalysts that propel an enterprise to new heights.
  • Versatile applications help enhance efficiency, streamline collaboration, and more.
  • When choosing between apps with similar functions, go for the one that addresses multiple challenges, leading to significant improvement in operations.

In this digital age, businesses that leverage cutting-edge applications and technologies enhance their operational efficiency and rise to the top. That's why we carefully curated this compilation of top apps for business owners and professionals looking for solutions to various business needs across domains such as organisational management, financial tracking, customer engagement and more. 

Check out these 21 small business management apps, presented in categories, to help you discover innovative solutions that can revolutionise how you organise, operate, and propel your business towards success.

Best Scheduling Apps for Small Business Owners 

One notable advantage of scheduling apps is their ability to mitigate the impact of external meeting demands on business owners. By allowing individuals to set their availability times, these apps empower prospects, clients, and teams to schedule meetings in alignment with the entrepreneur's predefined availability. 

The applications also help eliminate scheduling conflicts and overlapping appointments by centralising availability information and automating the scheduling process. 

Insight

Some key features to look out for in a scheduling application include -

  • Ease of use: Opt for an intuitive and straightforward application for your clients, prospects, and team members to schedule time with you.

  • Calendar Integrations: Your scheduling app should easily integrate into your calendar application and let you view your appointments on both platforms.

  • Notifications: Choose an app that sends you notifications when someone books time with you. It should also have an optional feature for sending reminders to you and your guest days, hours, or minutes before the appointment.

Top scheduling applications for small business entrepreneurs in the UK include —

Calendly 

Via Calendly

Calendly is a scheduling automation platform designed to streamline the process of scheduling, preparing for, and following up on internal and external meetings. Users can create a personalised scheduling link and booking page according to their availability, which they then share with others, allowing them to book a meeting easily at a mutually convenient time. 

It offers the flexibility of setting meeting rules, such as 15-minute or 30-minute increments, enabling participants to optimise their time efficiently during these interactions.

Pros 

  • Simple and intuitive 
  • Enhances the professional image of the user
  • Has an automatic time zone conversion that removes meeting time confusion for international teams 

Cons

  • Limited branding options for scheduling pages 

Platforms: iOS, Android, Chrome and Firefox extension 

Pricing: Offers a free forever plan with the standard plan starting at $10 per monthly seat.

Website: https://calendly.com/ 

Appoint.ly

Via Appoint.ly

Appoint.ly is a scheduling application for individuals and businesses. Users create a calendar, set their availability and share with clients and coworkers for bookings. It seamlessly integrates with Google Calendar, Microsoft Office, or iCal and automatically syncs appointments while addressing time zone differences. 

Pros

  • Free plan available
  • Simple, intuitive and functional interface
  • Minimises confusion due to timezone differences

Cons

  • No mobile app
  • Limited functionality compared to other tools

Platforms: Cloud-based 

Pricing: Free basic plan with the pro version starting at $10 per seat per month

Website: https://appoint.ly/ 

Best Project Management Apps

To meet the demands of a dynamic market, companies often rely on multiple teams overseen by either the founder or a designated manager responsible for setting timeframes and objectives. Project management applications are pivotal in facilitating adequate supervision from home, the office, or while on the move. These applications streamline workflows across teams and ensure meticulous attention to detail, mitigating challenges that impede project success.

Techopedia reports a remarkable 92% success rate in meeting project objectives for organisations consistently utilising project admin apps, highlighting the transformative impact of employing the right tools. 

On the other hand, the State of Project Management Report 2021 highlights the most significant challenges in project and portfolio management: benefits management, resource management, and project prioritization. 

Insight

Effective project software must tackle the above-mentioned top 3 challenges at a minimum, incorporating key features such as:

  • Resource allocation — Project management tools assist in optimising resource utilisation by enabling managers to allocate resources, including team members, and time to priority projects.

  • Scheduling — Ensures adherence to project timelines and deadlines, monitors progress and allows for timely adjustments when necessary.

  • Reporting — For data-driven decision-making, the application should offer robust reporting capabilities to track and analyse project performance.

With the above in mind, let's dive into the top 2 project management applications for small enterprises in the UK. 

Trello

Via Trello

Trello is a user-friendly project management software for organising projects into Kanban boards. At a glance, a manager can tell the main task, the individual handling it, and its status. With a generous free plan that accommodates up to 10 boards and unlimited users, it's a versatile tool accessible to all. Small teams, freelancers, and solo entrepreneurs use Trello for individual assignment planning or comprehensive project workflows.

Pros 

  • Easy to manage tasks (to-do lists) with an intuitive drag-and-drop system; 
  • Leaders can assign tasks with due dates and role-specific access privileges; 
  • Users can share images and documents from other apps like Google Drive; and
  • It's super versatile, with multiple templates to get new users started. 

Cons

  • The process of integrating with third-party plugins is clunky;
  • Some basic features are only available through power-ups; and
  • The free plan has limited features.

Platforms: Web, macOS, Windows, iOS, and Android

Pricing: Offers free plan with paid plan starting at $5 per user per month.

Website: https://trello.com/home

Freedcamp 

Via FreedCamp

Freedcamp's free version is considered one of the best apps to help organise. It offers unlimited tasks, users, projects, and storage, an excellent choice for SMBs seeking efficient project management software. Their paid plans, including the business and enterprise packages, provide exceptional value compared to rival platforms. The well-crafted native desktop and mobile apps facilitate convenient project administration beyond web browsers and while on the go.

Pros 

  • It is easy to use and has excellent support;
  • Supports French, German, Croatian, and Russian;
  • Has a time-tracking feature that’s connected to tasks;
  • Inexpensive with the free option including unlimited users, assignments, projects, and storage; and
  • Kanban view allows users to mark tasks as No Progress, In Progress, and Completed.

Cons

  • Few native integrations; 
  • Dull and basic user interface; and
  • Complex integration with third-party applications like Outlook.

Platforms: Web, macOS, Windows, Android, and iOS 

Pricing: Free pro package starts at $1.49 monthly per user. 

Website: https://freedcamp.com/

Small Business App for Communication 

Communication is essential for Small and Medium-sized Businesses (SMBs). However, most cost-effective project administration tools are intentionally designed without a built-in communication or team chat feature. Consequently, businesses find it necessary to explore standalone chat or messaging apps offering unlimited chat history, private and public channels, and video and voice calls. Among the popular choices for this purpose are

Slack

Via Slack

Slack has become a leading messaging app in business communication. Its intuitive and user-friendly interface sets it apart, providing teams with an efficient platform for streamlining communication. The distinctive feature of Slack lies in its channel organisation system, allowing teams to work with designated spaces for different topics, projects, or teams, fostering a more organised and focused communication environment within the application.

Pros 

  • Has a fair, free plan; 
  • User-friendly interface;
  • It's quick and easy to send messages to individuals or groups;
  • Customisation options for individual users; and
  • Advanced search functionality.

Cons

  • Relatively higher costs for the paid plans;
  • The free plan restricts the number of historical messages accessible, making it susceptible to losing crucial information easily.
  • The free plan limits the number of participants in a huddle to two, affecting team collaboration.

Platforms: Web, macOS, Windows, Linux, Android, and iOS

Pricing: Free plan with the pro plan starting at £5.75 per active user per month paid annually. 

Website: https://slack.com/intl/en-gb/ 

Flock

Via Flock

Flock is a messaging and collaboration tool that offers direct and channel messaging, video conferencing, screen and file sharing, and unlimited chat history. Users can create multiple teams and both public and private channels for communication. It is designed for businesses of all sizes and operates on a freemium pricing model, with additional features available in paid plans. The app is known for its fast and reliable communication, making it a popular choice for collaboration and coordination.

Pros 

  • Ideal for instant messaging;
  • Free mobile app for on-the-go communication;
  • In-built to-do list feature for task assignment and progress monitoring; and
  • Users can send themselves messages for safekeeping or access from other devices.

Cons

  • Some users report poor audio and video quality; and
  • Users can delete unread messages without a trace. 

Platforms: Web, Windows, Mac, Linux, iOS and Android phones. 

Pricing: Freemium with the pro plan starting at $4.50 /user/month

Website: https://www.flock.com/

Microsoft Teams 

Via Teams

Microsoft Teams is a unified communication and collaboration platform that seamlessly integrates workplace chat, video meetings, file storage, and application integration. Its user-friendly interface enables easy connections, communication, and collaboration, rendering it a favoured choice for businesses and organisations across different scales.

Pros 

  • The centralised document storage and communication system helps boost productivity.
  • Easy collaboration with internal and external contacts
  • Enables access to previous meeting notes and recordings
  • Can hold meetings or webinars with up to 10,000 attendees
  • Has a robust free version for personal use. 
  • Integration with the Microsoft ecosystem
  • Comes with end-to-end security

Cons

  • Not built for phone use
  • Its online meeting experience isn’t as intuitive as with other apps

Platforms: Web, Windows, MacOS, Android and iOS,

Pricing: Business packages start at £3.30/user/month, paid annually

Website: https://www.microsoft.com/en-au/microsoft-teams/group-chat-software

The Best Business Apps for Time Tracking 

🛈 Information box

Recent research shows that over 80% of an employee's time is spent on low-value tasks. In response to this challenge, a reliable time-tracking application empowers employers to assess staff work habits and their respective contributions to organisational objectives.

With time-tracking tools, companies save time, maximise productivity, identify potential areas of improvement, and monitor performance remotely. For the employee, a time tracking app helps them make the most of their workday and manage distractions.

Some of the best small business apps for time tracking include -

Toggl Track 

Via Toggl

For the web app, toggl track facilitates accurate invoicing by enabling real-time or manual mode tracking of the amount of time spent on an activity, which can be connected to a specific client, project or task. It also has a calendar view that shows weekly time entries in a colour-coded grid format, with which everyone can see the project that dominates an employee's/freelancer's time.  

Toggl has a free forever plan with limited features for up to 5 users and a premium plan for $18 for those who want additional features like fixed fee projects and integrations with third-party applications like Jira or Salesforce. 

Pros

  • User-friendly and versatile;
  • Ideal for individuals, freelancers, and teams of any size;
  • Provides in-depth reports and productivity analytics;
  • Promotes employer and employee acceptance with its anti-surveillance feature; and
  • Effortlessly integrates with a variety of third-party project administration and collaboration tools.

Cons

  • Few native integrations;
  • Users find it difficult to fix time-tracking mistakes; and
  • The desktop application is cumbersome compared to the Chrome extension and mobile app. 

Platforms: Web, macOS, Windows, iOS, Android

Pricing: Free plan for up to 5 users, starter $ 9 per user per month and $18 for the premium package. 

Website: https://toggl.com/track/

HourStack 

Via Hour Stack

Hour Stack is a premium time management application suitable for individuals, starting at $12 per month and $ 15/member/month for large teams. It has over 15 native integrations, with an additional 1,500 through Zapier. The tool helps teams create projects, set budgets and timelines, schedule tasks, balance workloads across teams, track time, pull weekly and monthly reports and customise according to their unique workflow. 

Pros 

  • Intuitive interface;
  • Users can plan for an entire week, both tasks and meetings; 
  • The reporting feature enables users to view time estimates vs actual time spent on a project; and
  • Easily integrates with third-party applications like Asana and Google Calendar. 

Cons 

  • Mobile device applications sometimes don’t work as expected; and
  • The integration with Asana can be unreliable.

Platform: Web

Pricing: No free trial, $12 per month for the personal and $15 for the team package

Website: https://hourstack.com/ 

Best Payroll & Employee Management Apps for Small Business or Remote Teams 

According to the UK Parliament post, fully remote or hybrid arrangements enhance employee wellbeing, but the impact on productivity is uncertain. Yet, business owners report that a remote workforce provides an opportunity to embrace a lean model and tap into a cost-effective offshore talent.

If you are leaning towards going remote or hybrid, here are some of the best HR apps for small ventures — 

Deel 

Via Deel

Deel is one of the preferred solutions for distributed workforce management applications with free and pay-as-you-go plans starting at $49 per active contract/month and a footprint in over 150 countries. With their employer-on-record product, Deel helps businesses undertake background checks, hire, offer employees localised benefits, and comply with complex local regulatory requirements. 

Pros 

  • Completely free for contractors and employees;
  • Intuitive and user-friendly interface for ease of use;
  • Streamlined payroll automation feature for efficient processing; and
  • The payment system provides clear tax and compliance requirements guidance, ensuring smooth financial operations. 

Cons 

  • Customer support may, at times, be unreliable; and
  • No mobile application. 

Platform: Cloud-based

Pricing: Free for HR automation, $49 for contractors and $599 for Employer on Record (EOR)

Website: https://www.deel.com/

Motivosity 

Via Motivosity

Motivosity is a business software solution for those seeking to manage employee recognition, motivation and engagement designed to help companies build a positive workplace culture. Through the app, staff members get a sense of community and belonging. With the option to give regular coaching-oriented feedback, teammates feel they have a positive relationship with their boss and managers. 

Its premium plans start at $2, allowing businesses to use it to motivate their workforce as among the strategies underscore success and get insights that help enhance productivity and retention. 

Pros  

  • Intuitive interface that works like a social media page; and
  • Makes it easy for co-workers to compliment and recognise each other efforts, building a positive company culture.

Cons

  • Limited native integration with third-party tools. 

Platform: Cloud-based

Pricing: Starts from $2

Website: https://www.motivosity.com/

  1. Goco
Via Goco

GoCo is a Human Resource Information System (HRIS) business application starting at $5/employee/month that handles onboarding, benefits, time tracking, payroll administration and compliance. 

Pros 

  • Automates all aspects of hiring - from sourcing to onboarding
  • Handles HR, including benefits and payroll management
  • Ideal for small enterprises and large enterprises with remote teams

Cons

  • Difficulty mastering advanced features
  • Available on the web with no mobile application on-the-go access

Platform: Cloud-based

Pricing: Starts from $ 5 per employee per month

Website: https://www.goco.io/

Best Credit Card, Inventory Management, POS System, & Payment Apps for E-commerce 

E-commerce enterprises depend on efficient and secure payment solutions to ensure a seamless shopping experience, significantly contributing to customer satisfaction and trust. Top payment applications for e-commerce companies include — 

PayPal Express Checkout

Via Paypal

PayPal is one of the earliest and most popular online payment solutions. To access the service, you only need to sign up for the express checkout and add it to your website. You can add the checkout through a partner or build your custom integration for your website. Paypal charges 2.90% + £0.30 per transaction. See more details on the UK fees page.

Website: https://www.paypal.com/uk/webapps/mpp/get-started-express-checkout

Square

Via Square

Square is a free stock management and payment processing app for small enterprises. It enables small and medium-sized businesses to accept credit card payments using smartphones or tablets as point-of-sale system registers. It has the following features 

  • Payment acceptance including -
    • Credit and debit cards
    • Apple Pay and Google Pay
    • Digital Gift Cards
    • Card on file for regular customers
    • Custom invoicing
    • Encrypted payments
    • Payment Card Industry Data Security Standard (PCI DSS) compliance
  • Checkout process customisation
  • Receipts
  • Automated discounts
  • Square analytics for advanced reporting and insights
  • Inventory management with low stock alerts

Besides the features, Square offers POS hardware, which includes the following —

  • Square register with fully integrated till system with point of sale software, payments, and a dedicated customer display.
  • Square stands for those using their iPad as a POS.
  • Square terminal, which connects wirelessly with your POS and accepts all kinds of payments and print receipts.
  • Square reader for contactless payments.

Pros 

  • Clean and intuitive interface
  • Free basic plan with robust features
  • Wide range of hardware to choose from
  • Real-time sales tracking

Cons 

  • Cluncky hardware design

Platforms: iOS and Android. 

Pricing: Free for small businesses with the plus plan starting at £49 per month, per location

Website: https://squareup.com/us/en

Best Small Business Apps for Accounting & Invoice Management

The best accounting software for small and medium businesses is affordable and easy to use, recognising that most small and medium business owners are not professional accountants. These tools enable companies to manage their finances and record expenses, profit, and losses. Some of the best tools include —- 

Zoho 

Via Zoho

Unlike Freshbooks, Zoho is a free accounting invoicing software for small business owners, solopreneurs and freelancers. 

Pros 

  • Simple and intuitive; and
  • Multiple customisation options available.

Cons

  • Free version is limited to 1,000 invoices per year.

Platforms: iOS, Android, Windows

Pricing: Offers a free version with enterprise quotations available on request. 

Website: https://www.zoho.com/invoice/

Xero

Via  Xero

Xero is tailored for medium-sized businesses that need high-level accounting software for sending invoices, accepting payments, managing contracts, and more. Its pricing starts at £15 to £55 per month. 

Pros 

  • Cost-effective; 
  • Unlimited users and plans;
  • Enables collaboration with accountants or business advisors;
  • Cloud-based and accessible anywhere with an internet connection;

Cons

  • Steep learning curve for new users;
  • It takes a long for customer service teams to respond to people; 

Platforms: Cloud-based

Pricing: £15 for the starter package

Website: https://www.xero.com/uk/accounting-software/

Quickbooks Online

Via Quickbooks

QuickBooks is an online business accounting software specifically crafted to simplify cash flow management. It boasts robust features, including automated expense tracking, efficient invoice creation, integrated payroll services, and insightful financial reporting. 

Pros 

  • It's easy to use and learn;
  • Integrates well with third-party applications
  • It is cloud-based, enabling users to access real-time data anytime, anywhere;
  • Tools suitable for various business types, including accountants, sole traders and limited companies. 

Cons

  • Lacks industry-specific features
  • Experiences regular system crashes
  • Limited to accounting-specific reporting

Platforms: Cloud-based, iOS, Android, iPad, Tablet, MacOS and Windows

Pricing: $29.90/user/month

Website: https://quickbooks.intuit.com/uk/ 

Best Marketing Apps Or CRM Software

Customer Relationship Management (CRM) refers to business development, systems or strategies to promote client acquisition and retention. A comprehensive solution gathers customer information from all the contact points with the business, such as the website, social media, phone line, email, and marketing content. It uses this data to equip the relevant staff with in-depth customer insights such as purchasing history, preferences and prospects' challenges. 

Insight

There are three types of CRM software — collaborative, analytical and operational. Analytical collects and assesses client information, which businesses harness for customer behaviour and tailored experiences.

Operational CRM streamlines core business processes, automating sales, marketing, and customer service functions to enhance efficiency and client satisfaction.

Lastly, a collaborative platform focuses on organisational communication and collaboration to provide a seamless customer experience.

Nimble

Via Nimble

Nimble is primarily considered a collaborative CRM that integrates seamlessly with Google Workspace, Office 365, and multiple third-party applications. 

It emphasises organisational communication and cooperation to improve customer interactions and relationships. Additional features include —

  • Marketing automation;
  • Lead and pipeline management;
  • Task management; and
  • Analytics and dashboards. 

Pros 

  • Neat, user-friendly interface;
  • Connect on the go with its mobile application;
  • Best CRM for Microsoft Office, including Microsoft 365 apps, Microsoft Teams and Outlook. 

Cons

  • Reporting and analytics are not as robust;

Platforms: iOS, Android and Windows

Pricing: $29.90/user/month

Website: https://www.nimble.com/

Zen‍Desk

Via Zendesk

Zendesk is a cloud-based operational CRM that automates customer support ticket management, helping users track, prioritise, personalise and solve email support interactions. Its suite plans start from $49/per month for up to 5 agents. 

Pros

  • Workflow automation;
  • Feature-rich interface; and
  • Multi-channel support (chat, email, social media) on a unified platform;
  • Integrates with multiple third-party solutions for comprehensive reporting and analytics. 

Cons

  • It’s unintuitive and takes a long time to understand the platform;

Platform: Web

Pricing: Starts at £45 per agent per month. 

Website: https://www.zendesk.co.uk/

Copper Google Workspace CRM

Via Copper

One of the best CRM software for small businesses tailored for G Suite applications, Copper empowers sales teams by effectively managing their leads, contacts, and communication from a unified platform.

Pros 

  • Cost effective 
  • Simple and easy to use, since the interface is similar to most Google applications
  • Effortlessly extract leads from Gmail, enhancing contact and lead management.
  • Workflow automaton for repetitive tasks
  • track and log email chains, meetings, and files from Gmail using the Chrome extension.

Cons

  • May issue unnecessary notifications

Platform: Web, iOS and Android Apps

Pricing: The basic plan starts at $23 monthly per user, paid annually.

Website: https://www.copper.com/

Final Word.

When selecting the best app for your business, choose one that will address the most significant bottleneck. For instance, if you are not making the most out of your existing customer database - you’ll need an analytical CRM to gather insights from client interactions with your business for targeted marketing campaigns and product recommendations. 

Key features you should look out for in a business application should include — 

  • Ease of use — The applications should be intuitive and easy to use. However, you may need software with elaborate features and functionalities. In such cases, consider if the software company offers product walkthroughs, onboarding sessions, and reviews comments from past clients on their customer support culture. 
  • Integrations — You’ll find that many business processes are interdependent. For instance, an order management system may need to communicate with an accounting app. Your email marketing software may require integration with a lead generation tool. Therefore, consider how easily your app of choice connects to third-party applications. 
  • Cost — Determine if the software is the most cost-effective for your business needs. In addition to the monthly charges and price per seat, consider if you’ll have to pay extra to integrate with a non-native application. 
Jan 1, 2023
Feb 15, 2024

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How the UK Economy Performed During the 2020 Pandemic

The UK economy is a stalwart in the European region and will remain strong for centuries to come.

The economy of the United Kingdom is a highly developed mixed economy, which is the sixth-largest national economy in the world. It is the second-largest economy in the European Union (EU) and the third-largest in the European Free Trade Association (EFTA). The United Kingdom has a strong and diverse economy supported by various industries, including finance, professional and scientific services, manufacturing, and tourism.

The financial services industry, which is centered in London, is a major contributor to the UK economy, as are the manufacturing, pharmaceutical, and automotive industries. The UK is also a major exporter of oil and gas. Despite its strong economic performance, it has faced a number of economic challenges in recent years. These include Brexit, which has had a significant impact on the country's trade and economic relationships, as well as the ongoing impact of the COVID-19 pandemic, which has led to significant economic disruption and job losses. The UK government has implemented a number of measures to support the economy during these challenging times, including fiscal stimulus, support for businesses, and temporary changes to employment regulations.

The country's economy has been affected by the global economic slowdown, as well as by domestic factors such as rising inflation and declining productivity. Despite these challenges, the UK's economy remains a key player on the global stage, and it is expected to continue to grow and adapt to changing economic conditions in the future.

The lockdown measures put in place to contain the spread of the virus have resulted in widespread job losses and a significant contraction of the economy. In the first quarter of 2020, the UK economy experienced its largest contraction, with GDP falling by 2% compared to the previous quarter. The services sector, which accounts for around 80% of the UK economy, was particularly hard hit, with businesses in the retail, hospitality, and leisure sectors being forced to close or significantly reduce their operations. The UK government has implemented a number of measures to support businesses and protect jobs, including the suspension of workers, which has helped to prevent widespread unemployment. However, the long-term economic impact of the pandemic is still uncertain, and it is likely that the UK will continue to face significant economic challenges in the coming years. Even though the UK has implemented measures such as lockdowns and social distancing restrictions to try to slow the spread of the virus, these measures have also had a negative impact on the economy.

The government implemented various measures to try to support the economy, including loans, grants for businesses, and increased welfare payments but the result of a pandemic on the economy is still uncertain and will depend on the success of efforts to control the virus and stimulate economic recovery so the government has outlined a roadmap for easing lockdown restrictions, but it remains to be seen how this will impact the economy.

The UK economy experienced its worst recession on record, with GDP falling by 9.9%. The country has also seen high levels of unemployment, with the unemployment rate rising to 5.1% in the third quarter of 2020.

There is a range of measures that governments and individuals can take to help mitigate the impact of the COVID-19 pandemic. These can be grouped into three main categories: public health measures, economic measures, and social measures.

Public health measures:

• Implementing and enforcing measures such as social distancing, mask-wearing, and quarantine to reduce the spread of the virus

• Testing and tracing to identify and isolate cases of the virus

• Vaccinating the population to reduce the number of cases and deaths from the virus

Economic measures:

• Providing financial support to individuals and businesses affected by the pandemic, such as through furlough schemes, business grants, and loans

• Implementing measures to stabilize financial markets and prevent a financial crisis

Social measures:

• Providing support to vulnerable individuals, such as the elderly or those with underlying health conditions

• Implementing measures to reduce the social and economic impact of the pandemic, such as through remote working or online education

Fast forward to today, the UK has demonstrated resilience in the face of the pandemic in a number of ways. One factor contributing to the UK's resilience has been the strong response from the government and central bank. The government has implemented a range of measures to support businesses and individuals affected by the pandemic, The Bank of England has also taken steps to support the economy, including cutting interest rates and providing additional funding to banks.

Another factor contributing to the UK's resilience has been the adaptability and strength of its businesses. Many businesses have been able to pivot and adapt to the changing circumstances brought about by the pandemic, such as moving to online sales or offering delivery services.

The UK has also benefited from its strong healthcare system and scientific community, which have played a key role in responding to the pandemic. The country has a well-established infrastructure for public health and research and has been at the forefront of efforts to develop and distribute vaccines.

Overall, while the pandemic has had a significant impact on the UK, it has shown resilience in the face of challenges through the actions of its government, businesses, and scientific community. It is difficult to draw a definitive conclusion about the overall impact of the COVID-19 pandemic on the UK economy at this time. The pandemic has had a severe impact on many sectors of the economy, leading to a recession in 2020 and a rise in unemployment. However, the government has implemented a range of measures to support businesses and individuals during the pandemic, and it is likely that some of the changes brought about by the pandemic, such as the shift to remote working, will have lasting effects.

Looking ahead, the UK economy is expected to continue to recover in the coming years, although the pace of recovery is uncertain and will depend on the evolution of the pandemic and the success of vaccination efforts. It is also expected that the economic recovery will be uneven, with some sectors recovering faster than others.

Jan 15, 2023
Feb 15, 2024

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Disassembled

The UK's GDP is among the largest in the world and thus its economy thrives even in dire times.

The United Kingdom has a fiercely autonomous, advanced, and global trade economy that was at the forefront of the Industrial Revolution in the 19th century. The 1990s saw economic growth rates that were competitive with those of other major industrialized nations. After the United States, China, Japan, Germany, and India, the United Kingdom has the sixth-largest economy, with a gross domestic product (GDP) of $2.83 trillion in 2019 and a population of over 66 million.  It is known for having a great overall quality of life and a somewhat diverse economy. The majority of the U.K.'s GDP is comprised of services, manufacturing, construction, and tourism; one of its unique regulations is the free asset ratio.

According to the U.K. Office for National Statistics (ONS), the services sector makes up the majority of the UK economy and contributes to more than three-quarters of GDP. United Kingdom's service includes a variety of sectors, such as finance and business services, as well as consumer-oriented sectors like retail, food and beverage, and entertainment. Agriculture contributes about 0.60% of the GDP, and manufacturing and production contribute less than 21 percent.

Table of Contents

• A Bulwark of European Economy

• Trading

• Tourism

• BREXIT

• Health & Medical Sources

• Conclusion

A Bulwark of European Economy

The United Kingdom, notably London, has long been a center for finance. The banking, insurance, London Stock Exchange, shipping, and commodity markets all underwent substantial changes as a result of the sector's extensive restructuring and deregulation in the 1980s and 1990s. Over time, certain clearly defined boundaries between financial institutions have blurred. Around the turn of the century, the financial services industry employed over a million people and accounted for around one-twelfth of the GDP. While the financial services industry has seen significant expansion in certain medium-sized cities, notably Leeds and Edinburgh, London has maintained its position as the industry leader and has grown in both size and effect as a hub for international financial operations.

Trading

Trading in foreign exchange and securities has increased along with capital movements. Engineering, food, drinks (including alcoholic beverages), and tobacco, chemicals, paper, printing, and publishing, metals and minerals, textiles, apparel, footwear, and leather, are the most significant industrial industries in terms of their proportionate contribution to the GDP. Chemicals and electrical engineering have seen the fastest growth. The chemical industry has seen the biggest increases in pharmaceuticals and specialty goods. Within the engineering industry, electronics products have seen the quickest growth, followed by electrical and instrument engineering, transport engineering, which includes motor vehicles, and aerospace products.

Tourism

Another significant source of revenue for the UK is tourism. According to the ONS, foreign nationals spent £28.4 billion, or $35.9 billion, on travel and tourism in the UK in 2019. In June 2019, which is the busiest month for travel, there were 9% more visitors than the previous year. According to Visit Britain, foreign tourists spent £2.34 billion, up 13% from the prior year.

BREXIT

Brexit, which stands for "British exit," the U.K.'s decision to leave the European Union (EU), became official on January 31, 2020. Since the vote, a wide range of governmental and nongovernmental organizations have predicted that the uncertainty surrounding the ongoing Brexit negotiations has had a negative impact on the U.K. economy. However, this could represent a better opportunity for the nation.

A 100-page report titled "The Benefits of Brexit" was released by the UK government to commemorate two years since the country's withdrawal from the EU. This lays out a range of benefits in many areas of spending, policy, and regulation in an enthusiastic, upbeat manner. A few days later, Jacob Rees-Mogg was named to the Cabinet as the Brexit Opportunities Minister to oversee this initiative.

Brexit has changed astonishingly little in many aspects of health and care, despite the fact that the UK's health industry has already felt the effects of trade and migration. This is because there isn't a clear, widely accepted strategy for life after the single market. The UK has stagnated in a number of areas as the EU advances.

Each of the health-related "benefits" can be broken down to reveal a recurring pattern. Many of these are either places where the UK has a real chance of doing something new and different or where the UK must make a crucial decision between going it alone and attempting to stay close to larger markets.

The document's first section emphasizes the UK's capacity to "manage its own money" and avoid making contributions to the EU. Following that is a bullet point that states that healthcare spending will increase by £57 billion in 2024–2025 compared to the year of the EU referendum.

The report avoids explicitly stating any sort of causal relationship. The Office for Budget Responsibility, which oversees public finances for the UK government, predicts that the net result of Brexit will be less rather than more money available due to a slowdown in economic growth.

Instead, the UK is funding the entire recovery effort through its own accounts. It is using this to invest in health in a way that is somewhat similar to what we see in the EU. The NHS is receiving additional funding to reduce waiting lists, and thanks to a spending review based on higher borrowing, its capital budget is expected to increase to its highest level in many years. This, however, has been packaged with a strong emphasis on new hospital building investment and meeting targets rather than investing in new care models or pandemic preparedness. In addition, rather than using the EU's seven-year timeframe, the UK has restricted its spending horizons to its typical spending review period. This doesn't seem to be a completely new direction at all.

Health & Medical Sources

Regarding medications, the new minister has said that "we can use our freedom to approve life-saving drugs faster and at better prices than ever before." The recent rapid approval of vaccines and new methods combining the approval of medicines with value-for-money checks have all been done in accordance with retained EU law, indicating a lack of concrete plans. According to reports, a strategy of general alignment and fast tracks for specific innovative projects has been proposed. The logic is sound, but the details will be challenging, just like with medical devices.

Despite the fact that many international processes are still in their very early stages, the document's sections on trade once again emphasize a high level of general ambition. There is a lot of discussion about diplomatic and trade promotion initiatives that are independent of Brexit.

Conclusion

The probability of the UK joining the Pacific Trade bloc CPTPP is a major topic of discussion. As we have noted, while this is advantageous for industries subject to tariffs, it is typically not the case for goods related to health. The agreement could reduce the UK's latitude in food and drink regulation and introduce Investor-State Dispute Settlement systems, which are sometimes linked to legal action against public health measures by large corporations.

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