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Useful advise, tips and business news.

Blog

Useful advice, tips and business news.

May 15, 2024
Sep 12, 2024

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Full List UK Bank Holidays 2024 and Other Special Days

Find a complete list of UK bank holidays in 2024 for England and Wales, Scotland and Northern Ireland

🔑 Key Highlights

  • A bank holiday, or a statutory holiday, is a special holiday in the UK during which banks and businesses close for the day.
  • In 2024, England and Wales will have eight bank holidays, Scotland nine, and Northern Ireland ten, each with a specific theme and significance.
  • The common holidays across all jurisdictions include New Year's Day, Good Friday, early May, Spring and Summer bank holidays, Christmas Day, and Boxing Day.
  • Special days observed globally that UK businesses can leverage to boost sales include Black Friday, Cyber Monday, and Small Business Saturday.

Businesses can harness the potential of bank holidays, UK special days, and global events like Black Friday to boost sales, increase brand awareness and build stronger customer relationships. Achieving these goals involves implementing strategic strategies such as — 

  • Themed promotions – Create promotions and offers directly tied to the statutory holiday or special day theme. For example, businesses can offer discounts on romantic products or services on Valentine's Day. At the same time, on Black Friday, you can provide exclusive deals and limited-time offers across a range of products.
  • Content marketing—Develop content marketing campaigns that revolve around the date's significance, including blog posts, social media content, and email newsletters highlighting the relevance of the holiday or event and showcasing how your products or services can enhance the celebration.
  • Targeted advertising — Use targeted campaigns to reach specific audiences interested in the holiday or event. Platforms like Facebook Ads and Google Ads allow businesses to create custom audiences based on demographics, interests, and behaviour, ensuring that promotional messages reach the right people at the right time.
  • Collaborations and partnerships — Collaborate with other businesses or influencers to create joint promotions or campaigns centred around the holiday or event to attract new customers who may be interested in the collaborative offerings.
  • Customer engagement activities—Organise special events or activities, such as contests, giveaways, or interactive social media campaigns that encourage customer engagement and participation during the holiday or event period. 
  • Post-holiday follow-up — Capitalise on the momentum generated during the holiday or event by following up with customers afterwards. Send thank-you emails, offer loyalty rewards for future purchases, and continue to engage with customers to maintain their interest and loyalty beyond the initial promotion.

Read also: GOV.UK Government Gateway Online Service Account Explained

Full List of UK Bank Holidays 2024 for England, Wales, Scotland, and Northern Ireland.

Here’s a list of the public holidays in 2024. It’s worth noting that the exact dates will apply to 2025 since these holiday dates remain consistent year to year, allowing for future preparation.

Past bank holidays in England and Wales 2024

  • 1 April - Easter Monday

  • 29 March - Good Friday

  • 1 January - New Year’s Day

  • Monday, 6 May - Early May bank holiday

  • Monday, 27 May - Spring bank holiday

  • Monday, 26 August - Summer bank holiday

Upcoming bank holidays in England and Wales 2024

Here’s a list of the public holidays in 2024. It’s worth noting that the exact dates will apply to 2025 since these holiday dates remain consistent year to year, allowing for future preparation.

Past bank holidays in England and Wales 2024

  • Wednesday, 25 December - Christmas Day

  • Thursday, 26 December - Boxing Day

Past Bank Holidays in Scotland 2024

  • Friday, 29 March – Good Friday

  • Monday, 1 January – New Year’s Day

  • Tuesday, 2 January — 2nd January

  • Monday, 6 May – Early May bank holiday

  • Monday, 27 May – Spring bank holiday

  • Monday, 5 August – Summer bank holiday

Upcoming bank holidays in Scotland 2024

  • Monday, 2 December – St Andrew’s Day (substitute day)

  • Wednesday, 25 December – Christmas Day

  • Thursday, 26 December — Boxing Day

Past bank holidays in Northern Ireland

  • 1 April — Easter Monday

  • 29 March – Good Friday

  • Monday, 18 March – St Patrick’s Day (substitute day)

  • 1 January – New Year’s Day

  • Monday, 6 May - Early May bank holiday

  • Monday, 27 May – Spring bank holiday

  • Friday, 12 July- Battle of the Boyne (Orangemen’s Day)

  • Monday, 26 August – Summer bank holiday

Next bank holidays in Northern Ireland

  • Wednesday, 25 December – Christmas Day

  • Thursday, 26 December – Boxing Day

May Special Dates With Corresponding Marketing Ideas 

May in the UK is filled with special days that provide exciting opportunities for creative marketing. From playful nods to pop culture to meaningful causes, businesses can use these dates to connect with their audience in fun and engaging ways. Here are a few key dates in May, each paired with unique marketing ideas to help you stand out, capture attention, and build customer loyalty throughout the month.

  • 4th, May the 4th, Be With You (Star Wars Day) — Channel your inner Jedi with themed products or run an epic lightsaber battle contest for Star Wars enthusiasts.
  • 20th, World Bee Day — Maybe spread the buzz about environmental awareness! Offer bee-friendly products or pledge support to bee conservation initiatives as part of your CSR initiatives. 
  • 29th, National Biscuit Day — Dunk, nibble, and indulge! Treat your customers to complimentary biscuits with every purchase or unveil delicious biscuit-themed deals. 
  • 30th, National Creativity Day. Unleash your imagination! Inspire user-generated content, spark creativity with a unique challenge, or launch a vibrant campaign to engage your creative community. 

Special Days and Marketing Opportunities for June

June in the UK marks the start of summer, with longer days and a vibrant atmosphere that encourages outdoor activities and social events. This month is packed with opportunities to boost your marketing efforts through special days that resonate with a wide range of audiences. Whether focusing on environmental causes, fitness, family, or personal wellness, these dates offer the perfect chance to engage customers with meaningful campaigns. From celebrating dads to encouraging social media interaction, here are a few key dates in June and innovative marketing ideas to inspire your strategy and make an impact.

  • 5th, World Environment Day — Go green and make a difference! Run a planet-saving campaign, highlight eco-friendly products, promote conservation initiatives or organise a green cleanup event to protect our planet. 
  • 7th, Global Running Day – Lace up and hit the pavement! Host a fun run event, offer discounts on sports gear, or challenge your community with fitness-focused activities. 
  • 16th, Father’s Day — Celebrate Dad like a boss! Create father-focused promotions, offer irresistible gift ideas, and make shopping for fathers or father figures a breeze. 
  • 24th-30th, World Wellbeing Week — Nurture wellness and self-care! Host rejuvenating workshops, promote wellness products/services, and ride the wellness wave during this week. 
  • 30th, Social Media Day — Like, share, engage! Run social media-exclusive promotions or creative contests to boost brand visibility and connect with your online community. 

Read also: The Complete List of Lucrative Small Business Ideas for 2024

Marketing Ideas for July Holiday Dates

July brings exciting opportunities to engage with your audience through globally recognised events and celebrations. Whether tapping into the thrill of the Tour de France or celebrating the bonds of friendship, these dates offer unique marketing angles to capture attention and foster loyalty. Here are key dates in July, along with creative marketing ideas to help your brand make the most of the holiday buzz and connect with your community in fun and meaningful ways

  • 1st-28th, Tour de France — Pedal into excitement! Delight cycling enthusiasts with promotions on top-notch cycling gear or host thrilling events to ride alongside the Tour de France frenzy. 
  • 28th, International Friendship Day — Share the love! Launch a referral program that encourages customers to spread the word and share exclusive deals with their friends, fostering a circle of friendship and savings.

Special Dates In August

August in the UK is when many people enjoy the summer holidays, making it the perfect month for businesses to tap into the seasonal energy with creative campaigns. Whether celebrating the love for our pets or supporting the entrepreneurial spirit, these dates offer excellent opportunities to engage customers through themed promotions, events, and campaigns. Here are some key dates in August and inspiring marketing ideas to help you maximise the summer excitement.

  • 8th, International Cat Day — Paws and reflect on feline fun! Launch a purr-fect pet-focused campaign, a whisker away discounts on pet supplies, or host a meow-tastic cat photo contest to celebrate our furry friends. 
  • 21st, World Entrepreneurs Day — Ignite the entrepreneurial spirit! Show your support for local entrepreneurship by offering business-related resources, expert advice, or engaging events that empower aspiring entrepreneurs and small business owners to thrive. 
  • 26th, International Dog Day — Fetch some tail-wagging fun! Dive into pet-related promotions, roll out the red carpet for dog-friendly events, and celebrate with fellow dog enthusiasts to honour our beloved furry companions. 

Key Dates September for Customer Engagement and Sales

September marks the UK's transition from summer to autumn, offering unique opportunities to engage your audience as they settle into a new season. With critical dates like the International Day of Charity and London Fashion Week, there's plenty of scope to create meaningful campaigns that resonate with your customers. From charitable initiatives to the early buzz of the Christmas season, here are some significant dates in September, along with creative marketing ideas to help you boost engagement and sales as autumn approaches.

  • 5th, International Day of Charity — Spread kindness and make a difference! Host heartwarming charity events, pledge a portion of proceeds to charitable causes, or organise a community fundraiser that brings people together for a good cause.
  • 13th-17th, London Fashion Week—Strut your style! To capture the glamour and excitement of London Fashion Week, host dazzling fashion-inspired events, share expert fashion tips, or showcase your latest collections.
  • 16th— 100 Days to Christmas—Jingle to savings! Launch a festive countdown promotion offering early bird discounts, exclusive deals, and a merry start to the holiday season. 
  • 27th, World Tourism Day — Explore, discover, and travel! Promote local attractions, collaborate with travel-related businesses for exclusive offers, and celebrate the joy of tourism while showcasing the beauty of your destination. 

Special Dates In October

October in the UK brings the crisp air of autumn and a focus on health and wellness, making it an ideal time to connect with your audience through thoughtful and impactful campaigns. From celebrating Vegetarian Day to promoting mental well-being on Mental Health Day, this month offers opportunities to inspire positive lifestyle choices and create meaningful engagement. Here are some key dates in October and creative marketing ideas to help you connect with your customers and make a lasting impact.

  • 1st, Vegetarian Day — Embrace the green lifestyle! Showcase plant-based products, tantalise taste buds with delicious vegetarian recipes or inspire healthy eating habits with tips and tricks for a vibrant veggie-filled diet.
  • 10th, Mental Health Day – Mind matters! Raise awareness for mental health, share self-care tips for emotional well-being, or support mental health charities to promote positive mental health in your community. 

Full list of November Holidays

November in the UK has diverse celebrations and opportunities to engage with your audience through creative campaigns. From promoting plant-based living on World Vegan Day to celebrating cultural traditions like Diwali and St Andrew's Day, this month offers a mix of festivities that appeal to a wide range of interests. With major shopping events like Black Friday and Cyber Monday, there's plenty of scope to drive sales and excitement. Here are some key dates in November and innovative marketing ideas to help you connect with your customers and leave a lasting impression.

  • 1st, World Vegan Day—Go green and delicious! Highlight mouthwatering vegan products or recipes, offer plant-based specials tantalising taste buds, or share valuable vegan lifestyle tips for healthier and more compassionate living.
  • 1st, Diwali — Light up the celebration! Offer dazzling Diwali-themed promotions that sparkle with festive spirit, share cultural insights that honour the festival's significance, or host joyous celebration events that bring communities together in joy and harmony.
  • 5th, Guy Fawkes Night—Ignite excitement! Offer bonfire-themed promotions that sizzle with excitement, share intriguing historical content about Guy Fawkes Night, or host fireworks-themed contests that light up the night sky with fun and festivity.
  • 10th, Remembrance Sunday — Pay tribute with reverence. Show respect and honour the day without commercial intentions, acknowledging the significance of Remembrance Sunday with solemnity and dignity. 
  • 28th, Thanksgiving—Give thanks with gratitude! Express appreciation to customers with heartfelt messages, offer Thanksgiving sales that show appreciation or extend kindness by donating meals to those in need, spreading the spirit of Thanksgiving generosity.
  • 29th, Black Friday — Shop till you drop! Run sensational sales events, unveil dazzle doorbuster deals, or offer limited-time offers to kick off the holiday shopping season with excitement and savings galore. 
  • 30th, Cyber Monday — Keep the shopping spree going! Continue the sales momentum with irresistible online-exclusive deals and promotions that keep customers clicking and shopping from the comfort of their screens. 
  • 30th, St Andrew's Day — Celebrate Scottish pride! Honour Scottish culture with themed promotions or events that showcase St Andrew's Day's rich heritage and traditions, connecting with customers who appreciate Scottish roots and history.

Christmas and New Year December Holiday Marketing Ideas 

The Christmas month in the UK is festive and bustling, filled with celebrations, community spirit, and opportunities to engage with your audience. From supporting local businesses on Small Business Saturday to spreading joy with Christmas-themed events, there are plenty of ways to connect with your customers during the holiday season. Whether you're focusing on charitable initiatives or launching exciting year-end promotions, these key dates in December offer the perfect chance to build customer loyalty, boost sales, and spread holiday cheer. Here are some special days to inspire your marketing strategies and help you make the most of the festive season.

  • 7th, Small Business Saturday — Celebrate local! Shine a spotlight on your small business, offer exclusive deals that showcase your unique offerings, or join forces with neighbouring businesses for a community-wide celebration of entrepreneurship and support. 
  • 5th International Volunteer Day — Make a difference together! Promote volunteer opportunities that empower community engagement, support impactful community initiatives, or highlight your philanthropic efforts to inspire acts of kindness and giving. 
  • 13th, Christmas Jumper Day — Festive fun for a cause! OrganiOrganisery is a holiday-themed event that spreads cheer. It offers discounts on festive attire that spark joy or donates proceeds from sales to charity, spreading warmth and goodwill during the holiday season.
  • 24th, Christmas Eve — Ho ho ho-liday excitement! Offer last-minute shopping deals that save the day, extend store hours for festive shoppers, or share delightful festive content that builds anticipation and excitement for Christmas Day. 
  • 25th, Christmas Day — Joy to the world! Send heartfelt holiday messages to customers, spread goodwill and holiday cheer with warm wishes, and celebrate the season's magic with gratitude and joy.
  • 26th, Boxing Day — Unwrap post-holiday delights! Launch sensational post-holiday sales that delight bargain hunters, host clearance events that make room for new beginnings, or offer special "Boxing Day" discounts that keep the holiday spirit alive.
  • 31st, New Year’s Eve – Cheers to a new chapter! Share New Year's resolutions that inspire positive change, offer year-end promotions that end the year on a high note, or host countdown-themed events that ring in the new year with excitement and celebration. 

Frequently Asked Questions (FAQs) on 2024 Bank Holidays

How can remote workers and international e-commerce store owners prepare for UK bank holidays and special days?

Remote workers and international e-commerce store owners can prepare for UK bank holidays by following these strategies:

  • Plan — Mark holidays on your calendar and create a schedule for your business operations. Communicate any changes in service availability or shipping times to customers in advance.
  • Stock inventory —Ensure you have sufficient inventory before special days and holidays to meet customer demand during peak periods. Anticipate potential delays in product deliveries and plan accordingly.
  • Schedule marketing campaigns – Develop themed marketing campaigns and promotions tailored to each holiday. Be sure to schedule these campaigns to launch in advance, generating excitement and driving sales leading up to the holiday.
  • Optimise customer support — Prepare your team for increased holiday inquiries and requests. Consider extending support hours or providing automated responses to manage customer expectations.
  • Monitor logistics – Work closely with shipping and logistics partners to monitor delivery schedules and potential disruptions during bank holidays. Communicate with customers about any delays in shipping times.
  • Review payment processing—Ensure your payment processing systems function smoothly and can handle increased transaction volumes during busy holidays. Offer multiple payment options to accommodate customer preferences.

Warning

Bank holidays may result in delays in the processing of different financial transactions, such as bill payments, ACH transfers, wire transfers, and interbank fund transfers. Transactions initiated on or around a holiday might take longer to reflect in your accounts.

What are the most important UK bank holidays for remote workers and international e-commerce store owners?

The most important bank holidays for remote workers and international entrepreneurs with businesses in the UK are as follows — 

  • New Year's Day (1 January) — A  nationwide bank holiday impacts business operations such as logistics and bank transactions. On the marketing side, businesses can boost sales by running New Year promotions, offering special discounts, and launching marketing campaigns to attract customers during this festive period.
  • Good Friday and Easter Monday (April) —  These bank holidays in England, Wales, and Northern Ireland can affect customer availability. However, businesses can capitalise on the Easter season by offering Easter-themed products or services, hosting promotional events, and engaging customers through social media contests or giveaways.
  • Early May bank holiday (first Monday in May), Spring bank holiday (last Monday in May) and Summer bank holiday (last Monday in August)  — UK-wide bank holidays that may disrupt business operations. Businesses can boost sales by launching spring-themed promotions and seasonal discounts, introducing new products or services, holding end-of-summer sales events, and offering incentives such as free shipping or discounts for purchases made during the holiday period.
  • Christmas Day and Boxing Day (25-26 December) — Major bank holidays in the UK that significantly impact business activities and customer availability. Businesses can enhance customer engagement and boost sales during the holiday season by offering holiday gift guides, running Christmas-themed promotions, and providing incentives such as gift-wrapping services or loyalty rewards for holiday purchases.

Insight

Bank holidays in the UK have a twofold impact on businesses. They present an excellent opportunity for themed sales and promotions, necessitating meticulous planning and proactive marketing efforts in anticipation of the holiday rush. However, business operations, particularly in delivery or logistics, may experience disruptions. Therefore, it's crucial to plan accordingly and prepare for potential challenges during these periods.

Will King Charles’s coronation day be a permanent bank holiday?

King Charles coronation occurred on Saturday, May 6th, 2023, and there was an official bank holiday for public celebrations on Monday, May 8th, 2023. However, this specific holiday is not set to be a permanent annual event.

In UK employment law, are public holidays included in annual leave?

The treatment of public holidays depends on your employment contract. While employees are entitled to 5.6 weeks of statutory annual leave, employers can include public holidays as part of this entitlement. Reviewing your contract for specific details regarding how public holidays are handled is essential.

What happens if a public holiday falls on a weekend?

In the UK, when a public (bank) holiday falls on a weekend, the following Monday is usually designated as a substitute bank holiday. This ensures that workers still get a day off instead of the holiday, maintaining the benefit of the time off despite the weekend overlap.

Am I entitled to paid leave on bank holidays?

Employees have no statutory right to receive paid leave specifically for bank holidays. Whether bank holidays are included as part of your paid leave allowance is up to your employer and should be outlined in your employment contract. If you are required to work on a bank holiday, your employer may offer a substitute day off ("day in lieu") or enhanced pay, which is also at their discretion and should be specified in your contract. Always refer to your contract for clarity on how holidays are handled in your workplace.

What happens if I don't use my holiday allowance by the end of the year?

Unused holiday entitlement typically depends on the terms of your employment contract. Some employers may allow you to carry over unused days into the following year, while others may have a "use it or lose it" policy, meaning any unused leave is forfeited. It's essential to check your contract for specific rules, but using your holiday allowance within the year is generally advisable to avoid losing it.

What are the early May bank holidays?

In May, all nations in the UK observe 2 bank holidays, which offer people a chance to take time off work, participate in local festivities, and enjoy leisure activities with family and friends. 

How many bank holidays for 2024?

Every year, the UK has eight bank holidays, England and Wales, Scotland has nine, and Northern Ireland has ten.

Sep 10, 2020
Sep 9, 2024

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The Difference Between a Voluntary and Compulsory Strike Off

All you need to know about voluntary and compulsory strike off and how to prevent your company from being removed from the companies house register.

🔑 Key Highlights

  • Strike off is the process of removing a company name from the companies register, after which it ceases to exist.
  • There are two types of strike off - voluntary, initiated by the directors of a solvent company and involuntary initiated by Registrar of Companies against a limited liability company that fails to comply with its legal responsibility
  • The consequences of a compulsory strike off can be adverse including fines, personal liability for business obligations and disqualification from acting as a director of a company.

Let's dive into what happens when you receive a notice from Companies House about your company facing a possible strike-off.

What Is a Compulsory Strike Off?

It is a term used to refer to an action taken by Companies House to remove a company from its register so that it is formally dissolved and ceases to exist. Companies flagged for strike-off are usually not actively trading or consistently fail to meet legal and regulatory responsibilities such as filing accounts or confirmation statements

How does the compulsory strike off process work?  

The Registrar of Companies will mark a company for compulsory liquidation for the following reasons. 

  • Failing to comply with statutory filing requirements — One of the top reasons the Registrar may forcibly strike off a company is failure to comply with filing requirements such as confirmation statements and accounts. Beyond being struck off companies and its directors may face serious consequences, including potential criminal or personal liability charges for non-compliance.
  • Not actively trading and failing to comply with dormant company requirements — If a company is not actively trading and fails to meet the requirements of a dormant company, it exposes itself to the risk of being struck off. 
  • Absence of a director — When a company's sole director resigns or is removed by a shareholder vote, leaving the company without directors, it makes it eligible for strike off.
  • Failure to notify the Registrar about a change in their registered office address — Neglecting to inform the registrar of a change in your registered office address can cause the company to be struck off. 

Warning

The unauthorised Use of a Registered Office Address is strictly prohibited. According to the Companies (Address of Registered Office) Regulations 2016, if any individual or entity submits an RP07 application to change a company's disputed registered office address, the registrar may deem the company unauthorised to use that specific address.

Failure to contest the application or present adequate evidence within 28 days will result in the Registrar changing the business address to the default Companies House address. Continuing to operate with the default address is not permissible (and maybe a basis for being struck-off the register), and immediate action is required to update it to an authorised limited company address.

The default address is published on the public register, and even if a company updates the registered office from the default address, the previous default address will always be publicly available, signalling that the company used an address without permission.

However, if you fulfil all of your legal obligations and have reason to believe that the strike-off notice is unfair, you can send an objection application to Companies House. If your reasons are viable and you provide satisfactory evidence, the process will be discontinued. 

For any company that fulfils any of the above conditions, the Registrar of Companies for England and Wales, Scotland, and Northern Ireland may initiate the process of striking them off the register as follows — 

1. Companies House inquiry

The process starts with Companies House sending letters to inquire about the business's current trading status and giving them 14 days to respond. In the absence of a reply, a follow-up letter with identical inquiry is issued, granting an additional 14 days for a response.

2. Issuance of a first gazette notice for compulsory strike

If the company fails to respond to the second letter of inquiry, Companies House issues a notice published in the Gazette in London, Edinburgh, or Belfast—depending on the geographical location of the company’s registered office. 

The primary purpose of this notice is to declare their intention to strike off the company formally. It serves a dual role: providing management with an opportunity to take corrective measures and allowing creditors (including HMRC or former employees owed) the chance to raise objections. 

Remember, the strike-off implies that the company will cease to exist, preventing creditors from pursuing and collecting outstanding payments.

Insight

When facing insolvency, it is advisable to explore alternative solutions, including a Creditors’ Voluntary Liquidation (CVL), to avoid the negative consequences of an involuntary strike-off. In a CVL, a licensed insolvency practitioner takes charge of winding up the company and liquidating its assets for the benefit of creditors. Additionally, they may guide on potential eligibility for director redundancy payments from HMRC and other associated benefits.

3. Second Gazette Notice

If there is no response to the first notice, a second notice is published, providing a final opportunity for any concerned party to correct or object to the closure.

4. Dissolution and Cessation of Business

If there are no objections and the company officials take no action, the company is removed from the register and ceases to exist.

5. Asset Forfeiture

The Crown may claim assets, such as cash, machinery, or buildings, under the 'bona vacantia' (meaning ownerless goods) principle.

Directors may face an investigation into potential misconduct that led to the strike-off. If wrongdoing is found, it could lead to disqualification and even personal liability for company debts.

What Is Voluntary Strike Off?

According to section 1000 of the Companies Act 2006, a voluntary strike off is a process initiated by company directors to remove the company from the register and essentially close it down. It happens when a company is no longer in active business, and directors are happy for the company to close. 

A business that fulfils the following conditions is eligible for voluntary strike off —

  1. During the three months before the application for voluntary strike-off, the company should not have conducted any business transaction.
  2. The company must have kept its name the same within the last three months.
  3. It should be financially stable and not at risk of liquidation.
  4. There should be no outstanding agreements with creditors, e.g., a Company Voluntary Arrangement (CVA), to avoid unresolved issues hindering the voluntary strike-off.

If the entity meets the above criteria, it must ensure that — 

  • All tax and debt liabilities have been addressed and settled for a clean financial record before closing.
  • The company in question should make its employees redundant and pay their final wages if applicable. HMRC should also be informed that the company is no longer an employer.
  • Business assets should be appropriately distributed among shareholders according to the company's structure and agreements.
  • It filed its final annual accounts and Company Tax Return with HMRC to provide a formal record of the company's last trading period and impending closure. 

In essence, meeting the eligibility criteria for voluntary strike off allows the company to wind down its operations systematically. Ensuring the resolution of financial and employee-related matters, proper asset distribution, and finalising the necessary documents with HMRC contribute to a smooth and legally compliant closure process.

A copy of the strike off application needs to be sent within seven days to the following parties potentially impacted by the liquidation so that they do not object —

  • Members/shareholders
  • Creditors
  • Employees
  • Managers or trustees of any employee pension fund
  • Directors who did not sign the application form

The request for the company's strike-off will be publicised as a notice in the local Gazette if the form has been accurately filed. After two months without objections, the company will officially be off the register. Subsequently, a second notice will be Gazetted to confirm the official closure of the company.

What is the difference between voluntary and involuntary strike off?

Criteria Voluntary Strike Off Involuntary Strike Off

Initiator

Company directors or shareholders using a DS01 form.

Companies House initiates the process

Reasons for the strike off

The company is solvent. Officials take a strategic decision to cease trading and close the company.

The company has failed to meet legal, financial, or regulatory responsibilities.

Publication notice

The registrar will publish a notice of the proposed striking-off in the relevant Gazette to allow interested parties the opportunity to object.

Companies House publishes the first notice, for objections to be raised or for the company to take remedial action.

Assets

The company handles the distribution of assets and settles liabilities before termination.

Company assets, if any, are forfeited to the Crown.

Eligibility

Conditions include no threat of liquidation, not actively trading for the and no recent name change in the last three months.

Failure to meet legal obligations.

Final confirmation Gazette Notice

A final notice is published confirming the closure.

A notice is published by the Registrar confirming the closure.

Outcome

Once the process is completed, the company will be struck off and cease to exist.

The company is dissolved.

Consequences

Generally, smoother closure with minimal legal repercussions.

Serious consequences for the company and its directors. For example, being personally liable for company obligations, fines, disqualification from acting as a company director for two to fifteen years, potential investigation for non-compliance, and even custodial sentences.

How can a company avoid compulsory strike off after receiving a request to strike?

If you want to avoid an involuntary strike-off, send an objection application to the Registrar of Companies as soon as possible. To make and submit it, you’ll need - 

  • To sign in to or create a Companies House account;
  • Details of the company facing the strike off; and
  • Evidence to support the objection, for example, invoices showing the company is still trading or owing a debt. These documents must show the company's full name and be at most six months old. 

Furthermore, the company should ensure that all their annual accounts and confirmation statements are filed on time. If you need extra time to get your filings in order, please communicate with Companies House. 

When can creditors object to a compulsory strike-off?

Creditors and concerned parties, including shareholders, can object to a strike-off after the issuance of the first gazette notice. The gazette notice serves as public notification about the Registrar of companies intent to be strike it off the register.

Why would a company compulsorily be struck off the register?

A company is usually subject to involuntary strike-off from the register when it fails to meet statutory requirements, including the timely submission of accounts and confirmation statements. The directors, shareholders, and external creditors like suppliers and HMRC have a two month window to raise objections against the application. If no objections are presented, the company will be struck-off from the register, leading to its dissolution.

What do I do after Getting the Gazette First Notice for Company Strike Off from Companies House?

Once you receive the first notice, you have two to three months to rectify the situation. Here are steps to consider —

  1. Determine the reason for the strike off — To remedy the situation, address the reason behind the notice, which may involve submitting your filings or proving that you are still operational.
  2. Apply for suspension — If you need more time to remedy the reasons behind the strike-off notice, prepare and lodge a suspension application to Companies House.
  3. Address outstanding issues — Clear any fees and taxes and update your filing requirements to stop the process from proceeding to the next step.

Insight

Once the registrar initiates an involuntary strike-off, it is highly advisable to seek the assistance of a seasoned professional, such as a solicitor or accountant. Their expertise can prove invaluable in navigating the complexities associated with this procedure, increasing the likelihood of a smoother and more successful outcome for your company.

Can I stop a compulsory striking off notice?    

Yes. You can halt a compulsory striking off notice directed at your company by resolving the underlying issues specified in the notice.

You can also apply to object to a company being struck off using a Companies House account if, for instance, it's indebted to you. Have the company details and documentation demonstrating that the company is still actively trading or has outstanding arrears. 

FAQs 

What if my company is insolvent?

If you want to close your company but it is insolvent, do all you can to avoid a compulsory strike-off, which will have negative consequences. Instead, you can opt for —

  • Creditor’s Voluntary Liquidation (CVL), which involves appointing an insolvency practitioner to liquidate assets and distribute them proportionally to outstanding creditors. 
  • Company Voluntary Agreement between the company and its creditors allows it to continue trading under the supervision of an insolvency practitioner and pay its debts over time. 
  • Pre-packed Administration - The company can continue to trade under a pre-packed administration, which entails negotiating a sale of the company's assets before formally entering administration. By doing so, the business can swiftly transition to new ownership, potentially preserving jobs and ongoing operations.

Compulsory strike off consequences - What if I have assets in my company?

In the event of a compulsory strike-off, company assets will not remain under your control, nor will they be distributed according to the company's plans. These assets will be released to the Crown. It's essential to be aware of this consequence, as it emphasizes the importance of promptly addressing the compulsory strike-off notice and considering alternative options to safeguard your company's assets.

What are my options following a request to strike off?

Suppose a third party has forcibly struck your company off the Companies House register. In that case, you have the following options: if you – 

  • Have no outstanding arrears obligations and all assets have been realised simply allow the process to run its course. 
  • Believe the strike off is unjust, or the details are incorrect, you’ll need to prepare and submit a suspension application and engage the registrar for it to be discontinued. 
  •  What to embrace the strike off but have assets and unpaid obligations, best pursue a voluntary liquidation. 

How can I restore a company to the Companies House register?

Depending on the circumstances, there are two main ways to restore a dissolved company: administrative restoration and restoration by a court order. 

1. Administrative restoration 

You can only apply if the — 

  • Person or entity seeking the restoration was a director or shareholder
  • Company was struck off the register and dissolved by the Registrar of Companies within the last 6 years
  • Company was trading at the time it was dissolved

You apply for administrative restoration by sending to the Registrar a — 

if your company had assets, a waiver letter from Bona Vacantia.

If your application has been successful, your company will be restored as soon as the registrar sends you a confirmation letter.

If your application is refused, you might be able to:

2. Court order restoration 

You may be able to apply for a court order to restore a company if you:

  • Did business with them
  • Was an employee
  • They owed you money at the time of the closure
  • Were responsible for their employee pension fund
  • Have shared or competing interest in land
  • Were a shareholder or director when it was dissolved

To apply for a court order restoration in England and Wales, download and fill Form N208.

For assistance in completing Form N208, access guidance notes from the HM Courts and Tribunals service. 

Next, you’ll need to find the company’s registered office and send the completed form to their nearest bankruptcy county court. Contact the Royal Courts of Justice if you need clarification on the appropriate court.

Include the following with the application:

  1. A £280 court fee (cash, postal order, or cheque made payable to ‘HM Courts and Tribunals Service’)
  2. A witness statement incorporating the supporting details specified in section 4 of the Treasury Solicitor’s Guide to company restoration.

In Scotland:

Apply to the Court of Session if the paid-up capital of the company's shares exceeds £120,000.

For other companies, apply to the local sheriff's court. Subsequently, serve a ‘petition to restore’ on the Registrar of Companies in Scotland and any additional entities as directed by the court.

In Northern Ireland:

Submit an ‘originating summons’ to the Royal Courts of Justice using the address below.

Royal Courts of Justice
Chichester Street
Belfast
BT1 3JY

Send a copy to the Registrar of Companies in Northern Ireland and a supportive witness statement.

The Registrar of Companies
Companies House
Second Floor
The Linenhall
32-38 Linenhall Street
Belfast
BT2 8BG

Upon acceptance of the claim, the court will issue an order to restore the company. Forward this order to the Registrar of Companies. Once received, the Registrar will proceed with the restoration of the company.

Consequently, take the following steps to pursue outstanding payments:

Feb 14, 2024
Sep 6, 2024

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Difference Between Correspondence Address & Residential Address

Looking to register a company? Or appointed to a UK company? Explore the differences between a correspondence address and a residential address

🔑 Key Highlights

  • A company, upon registration, attains a distinct legal identity, necessitating a dedicated correspondence address for directors for legal and official communication.
  • Using a residential address for correspondence or service makes personal information publicly accessible, exposing you to privacy breaches, unsolicited communications, and potential security risks.

In UK company formations, the significance of addresses cannot be overstated. This article explores everything you need to know about a correspondence address, including its importance, benefits, and the process of obtaining one.

What is the legal definition of correspondence address?

Also known as a service address, it is where company officials elect to receive official mail relevant to their role.

Every company official, including —

  • People with significant control
  • Directors
  • Secretary

Are required by law to maintain an address where they’ll receive official communication from agencies like Companies House and HMRC.

Insight

During company formation, directors must provide two addresses: a correspondence address and a residential address. The correspondence address will be disclosed publicly, alongside other company details. However, the residential address remains private unless an individual uses it as their correspondence address.

As you consider getting a correspondence address, please note the following —

  • Your physical presence is not required — No company representative must be at the address.
  • Flexible — You are not required to carry out your business or trading activities at the address, providing the flexibility to select a convenient trading place. 
  • Authorised Acknowledgment — Any designated individual can acknowledge receipt of correspondence on behalf of a company official, streamlining communication processes.

Legal Benefits of a Correspondence Address

Having covered the legal definition of an official correspondence address, here is why it is essential.

  1. Your official post address ties you to a legal jurisdiction — In your role as a company official, your designated address determines the applicable laws and regulations that govern your business and personal affairs associated with your official capacity that will be relevant while assessing your conduct as an officer of your company. 
  2. Provides a privacy cover for security purposes — Since it differs from your residential or business address, it provides privacy protection essential for security purposes. Remember, as a limited company director, your name, nationality, occupation, and service address will be available for public consumption. Therefore, to fulfil your legal obligation to be accessible with a prudent need for confidentiality, consider engaging a director address service
  3. Helps officials enhance their credibility by presenting a professional image — A prestigious central London address creates the impression that officials are seasoned professionals and easily accessible. As such, it enhances the perception of trust and reinforces reliability, contributing significantly to the overall credibility of these officials in their professional capacities.

What is a residential address?

A residence is where you live independently or with your family for at least 183 days a year and is often used for official identification and legal purposes. It connects you to a particular jurisdiction and is usually required for various government processes, legal agreements, and identification documents. 

Legal reasons why a residential address is necessary include —

  • Legal residency requirements — A home address complies with legal residency stipulations requiring a minimum residency period for individuals to enjoy certain rights and obligations. 
  • Taxation — Authorities may use your primary place of residence to determine your tax obligations and eligibility for benefits. For example, if you are a UK resident, you are subject to UK tax on worldwide income and gains. 
  • Legal jurisdiction — Your home address determines the laws and regulations governing your life, including contractual obligations, property rights, and family law matters. 
  • Government services — A valid connection to the UK as a resident determines your eligibility for government services such as education, healthcare, and social services. After the government conducts a census, public planning, budget allocation, and infrastructure development are determined mainly by the number of people living in a particular area and their characteristics.

What is the difference between mailing address and a correspondence address?

The difference between mailing and official addresses depends on the context. In business administration, a correspondence address is where company officials can receive official mail, such as legal notices, government letters, and statutory mail. The address establishes a clear channel for official correspondence to reach the appropriate individuals within the company.

🛈 Quick Reference

A mail address is any place where mail is delivered. It can be a residential location, a business office, a post office box, or any designated place capable of receiving mail. Unlike a correspondence address, which is often selected strategically for official purposes, a post address is a more general term that refers to the physical location where mail can be sent and received.

Can I use a virtual address as a correspondence address?

Yes, and here is why. Despite the term 'virtual,' a virtual address is a tangible, real-world street address. It doesn't imply non-existence but reflects its flexibility and ability to manage or access your correspondence through digital platforms. A virtual address operates physically, providing a genuine location for correspondence needs. The service is inclusive of mail forwarding.

How to Change a Correspondence Address With Companies House

You can change a correspondence address with Companies House online or by post. Log into WebFiling with your email address and password for the online option. 

Alternatively, you can amend the correspondence address of your company officials by post using the following forms —  

FAQs

What is the difference between registered office address and service address?

The main difference between the registered office address and the service address is in their functions and requirements. A registered office address is the official point of contact between the government and the company, while the service address is specific to company officials. Both are required as part of a company formation application with Companies House and are published in the public register. 

What is the difference between a Correspondence Address and a residential Address?

A Correspondence Address is typically designated for receiving official, business-related mail and communication from government agencies.  It serves as a point of contact between the government and the officials of a company. On the other hand, a residential address refers to the place where an individual resides or lives. It is a personal address associated with one's home and is often used for various purposes, including official documentation, personal correspondence, and legal records.

Warning

If you use your residential address as your correspondence or service address with Companies House, it's essential to know that this information will be publicly available. Such exposure may open you up to potential privacy concerns and unsolicited communications.

What's the difference between a correspondence address & a permanent address?

As the name suggests, a residential or permanent address is where you live for at least 183 days a year. On the other hand, a correspondence address does not have to be a habitable space; any location that can handle and receive your mail can be a correspondence address. 

Can I use a correspondence address for both personal and business needs?

Yes. You can use a correspondence address for both personal and business needs. It's important to note that the director's address, referred to as the service address, will be publicly available. To maintain privacy, it's advisable not to use your home address. Nonetheless, you can utilise the same address to receive personal and business-related correspondence.

About Our Service

We often encourage businesses and individuals not to perceive an address as a mere logistical detail. It has far-reaching consequences, and it is prudent to sit down with a solicitor to help you select an address that strategically aligns with you from a legal and operational perspective.

Jul 10, 2014
Sep 4, 2024

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Directors Service Address Vs. Registered Office Address Service

Are you seeking to register your company in the UK? Get the latest insights for successful UK company formation with Companies House.

🔑 Key Highlights

  • During company formations, there are two primary addresses that you will need to provide to Companies House: the director's service address and the registered office address.
  • All companies must provide a registered email address under the new Economic Crime and Corporate Transparency Act. Companies House will use this email address to communicate with the company – it will not be available to the public.

As the name suggests, the director service address is provided by the individual directors, while the registered office address represents the official correspondence address of the company.

What Is a director's service address?

It is the address government agencies will use to send statutory correspondence relevant to the role of the director. Official letters from HMRC, Companies House, courts, the Office of National Statistics, and other agencies will be sent to this address.

Every director needs to provide this information during company formation or at the time of appointment. The address can be residential or commercial, but remember that Companies House will display it in the public register. We always recommend using a non-residential address to protect an individual's privacy.

Insight

Unlike the registered address, the director's service address can be a full postal address anywhere in the world.

What Is a registered office address?

Statutory letters in the company name will be sent to the registered office address. Please note that starting March 2024, owing to the Economic Crime and Corporate Transparency Act, which became law in October 2023, a registered office address must be a physical address, not a P.O. Box.

Insight

You must have a registered office address before starting the company formation process. It must be in the same country your company is registered in; for example, a company registered in Scotland must present a registered office address in Scotland.

In addition to the office address, the Act also requires all companies to provide a registered email address. Companies House will use this email address to communicate with the company, and it will not be available to the public.  

Starting 4 March 2024, newly incorporated companies must provide a registered email address during the incorporation process. For existing companies, the requirement applies when filing their subsequent confirmation statement, beginning from a statement date on or after 5 March 2024

Can I use my home address as my director service address?

Yes. Technically, you can use your home address as your director service address. However, since this information will be publicly available on the Companies House register, it's essential to consider the implications. Using your home address may impact your privacy and expose personal details to the public. 

Opting for a separate director service address, such as the one provided by Your Virtual Office London, ensures a professional image, safeguards your privacy, and complies with regulatory requirements. Our solution allows you to maintain a level of separation between your personal and professional identity.

Can I use a virtual office address as my director's address?

Yes, using a virtual office address as your director's address is common and legal. You get to present a professional image for your business and streamline statutory communication, as the virtual office can handle mail and other communications on your behalf.

What is the difference between a registered office, business address, and service address?

The terms "registered office," "business address," and "service address" refer to different addresses associated with a company, each serving a distinct purpose. Here's a breakdown of their differences —

Registered Office Address

Also known as the legal correspondence address, it is the official address of a company or LLP used for legal and official correspondence, and with the appropriate permissions, you can use either a residential or non-residential address. Government agencies, regulatory bodies, and the public send statutory letters and official documents to this address. Such correspondence may include—

  • Official documentation regarding changes in company structure or details;
  • Official company documentation from Companies House;
  • Legal updates, notices and summons;
  • Compliance information and reminders;
  • Correspondence from HMRC; OR
  • Important notifications related to the company.

The law requires that companies maintain a registered office address, which must be a physical location in the country where the company is registered.

Business Address

Also known as a trading address, it is the general address associated with the company, used for general business correspondence from customers, clients, and suppliers. It can be a physical location or a virtual office. Unlike the registered address, you are not required to observe the exact legal requirements. There is no legal definition for a business or trading address. 

Service Address

Also known as the director address, it is the official address of company directors, secretaries, and other officers registered with Companies House. It is used for official communication related to the individual's role in the company.

Similar to the registered office address, having a service address is a legal requirement. It helps protect the personal information of limited company officers.

What is the difference between a home and a correspondence address?

The terms "home address" and "correspondence address" refer to different addresses associated with individuals and serve distinct purposes. The home address is the residential address where an individual resides. It is primarily used to identify the location of an individual's residence and is associated with personal matters.

The home address is used for various purposes, including personal mail and official documents, and as a point of contact for personal matters.

On the other hand, a correspondence address is designated by an individual for receiving official correspondence. Individuals may get a correspondence address if they prefer to receive certain types of mail or communications at a location other than their home address.

Dec 3, 2016
Sep 4, 2024

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Register & Thrive: UK Company Formation Made Simple

Seeking to register your company in the UK? Get the latest insights for successful UK company formation with Companies House.

🔑 Key Highlights

  • A sole trader is the simplest form of a UK business structure. It suits mostly freelancers and solo entrepreneurs who prefer autonomy and direct control over their business operations and decisions.
  • Individuals in an LLP are not required to file a company tax return. However, untaxed profits are distributed, and the members pay via self assessment returns.
  • To register a company in the United Kingdom requires at least one director and shareholder to become a separate legal entity with distinct rights.
  • A UK-resident company is registered in the UK and is liable to pay UK tax. It does not require a UK resident director but must be registered at Companies House to a UK address.

Whether you live in the UK or are a foreigner seeking to do business in the UK without living here, there are various ways to set up a company and make yourself official. Fortunately, you can form a new company in less than one working day. Determine your goals and the appropriate company structure to get started. 

How to Register a Company in the UK (Company Structure and Formation Guide)

There are three basic formats a UK company registration can take – 

  • Sole trader;
  • UK limited company formation, which includes -
    • Private & Public Limited Companies (LTD & PLC);
    • Limited by Guarantee Company (CLG);
    • Limited Liability Partnerships (LLP);
  • General Partnerships.

Register Your Company Today!

All of them are suitable for different business types, so choosing the right one is the first step towards registering a company.

Register as a Sole Trader

Also known as a sole proprietorship, it is a type of business with one owner. You can trade under your name or use a business name as a sole trader. It is the simplest business structure in the UK and may suit freelancers or other solo entrepreneurs. 

You can register as a sole trader if you’ve earned more than £1,000 from self-employment in the last tax year - (6 April of the last year to 5 April of the current year). Register by 5 October of your second tax year of business.  

To register as a sole trader, enroll for self-assessment and class 2 national insurance through their business tax account if your profits exceed the £6,725 threshold. You’ll need a government gateway ID and password to access the account. 

However, registering for self-assessment is different from registering a sole proprietorship. It allows you to report your income, including self-employment income, to HMRC. 

Set Up a Limited Company In the UK 

In most cases, registering a company requires at least one director and shareholder for the business to become a separate legal entity with distinct rights. You can be a sole company director and shareholder of your own business. You can also add more directors and shareholders in the future if you decide to expand your company.

Compared to other company incorporation UK formats, a limited liability company has more compliance requirements, which come with added benefits, including protecting your personal finances in case the business encounters financial difficulties or fails. If you want to take the hard work out of officially forming your business, consider using our company set-up service and save yourself the extra effort. It is a simple two-step method where you order online, and we contact you for the necessary information to swiftly and securely register your company with Companies House.

11 Defining Features of Limited Companies

Features Public Limited Company (PLC) Private Limited Company (LTD) Limited By Guarantee Company (CLG) Limited Liability Partnership (LLP)

Limited Liability

Separate Legal Entity

Minimum Number of Shareholders

2

1

1 member

2 members (An LLP does not have shares or shareholders its a constitution of members)

Minimum Number of Directors

2

1

1 member

2 members (An LLP does not have a director, its a constitution of members)

Transfer of Ownership

Can be publicly traded

Private

Private

Procedure for the transfer of interests indicated in the partnership agreement

Annual Confirmation Statement

Conversion

Can convert to an LTD

Can convert to a PLC

N/A

N/A

Minimum Share Capital

£50,000 (with at least 25% paid up)

£1

No specific

minimum

Management Structure

Board of directors

Board of directors

Board of directors

The designated members handle statutory obligations

User

Suitable for large companies

Common for small to medium companies

Common for small to medium companies

Professional service firms (eg. accounts and law firms)

Types of UK LTD companies you can form include — 

Limited Liability Partnerships (LLPs)

A limited liability partnership has at least two members (people or a company known as a corporate member) coming together to own and run the business jointly. Even though all the members have equal rights over the business, the law requires that at least two of them be designated as responsible for ensuring compliance with statutory requirements.

The partners must register for self-assessment since the LLP does not pay corporation tax, but each member is taxed on their share of profits as a self-employed individual. However, the members are not liable for debts if the business fails to pay. 

To register, you’ll need an acceptable business name, a registered address in which your principal place of business will be publicly available, two designated members, and an agreement that outlines how the LLP will be run. Once you have the requirements, you can register your LLP with Company House. Leverage Your Virtual Office London LLP registration service for a swift and affordable process.

Set Up a Private Limited Company (Limited By Shares of Guarantee) 

A company must either be limited by guarantee (CLG) or shares (LTD). An ltd is a profit-making business owned by shareholders with certain rights. The corporation is divided into shares, each assigned a nominal value, which reflects the initial face value of the shares, which may or may not align with the actual market value.  

CLG, on the other hand, is for a non-profit, such as a social enterprise, charity, association, or club, owned by members who act as guarantors of the company's liabilities, and each member undertakes to contribute an amount specified in the articles in the event of insolvency or the winding up of the entity. It does not have shares or shareholders.

To set up an LTD company online, you’ll need to choose a name according to Companies House rules. Next, you will need to appoint the company officers, which typically include directors, with the option of appointing a company secretary. You will also be required to give the names of the shareholders, who may also be company directors. Articles and memorandum of association are essential because they document how you intend to run the entity. Lastly, Companies House requires that you register an official address and choose a SIC code that identifies what your company does. 

Setting up a UK CLG requires that you submit the following company documents —

  • Check that your preferred company name is available;
  • Have at least one guarantor (individual or corporate body) and director;
  • A constitution that contains elements of articles and memorandum of association;
  • A registered office address in the UK that will be publicly available;
  • Names of the persons with significant control;
  • Statement of compliance that -
    • Outlines the nominal amount (often a small sum, such as £1) that each subscriber will pay as their guarantee;
    • The statement of guarantee that details the circumstances under which a guarantor will be required to pay their guarantee and
    • A SIC code.

How to Choose Your Company Name

Once you decide to register a new business, use the checklist below to get the name right — 

  • Confirm that the name is not too similar or identical to an existing company name.
  • Your preferred company name should not suggest any connection to the UK government. Avoid using words such as  “Royal,” “Her Majesty,” or “Crown.”
  • The name should not be offensive or inappropriate in any way.
  • It should not suggest criminal activity or any undertaking contrary to the interest of the public. 
  • Unless you have relevant permission, avoid using words like “Chartered” or “Architects” that are likely to mislead the public as to the nature of your business or credentials. 

Read also: Top 21 Best Small Business Apps to Manage Your Daily Operations

Register Your Company Today!

Contact Your Virtual Office London, UK's top rated company formation agent, if you need to register a new company. We offer a comprehensive set of company formation packages, which include everything you need to get your company up and running.

Other extras included in the package above are — 

  • Fast Online Formation
  • UTR Number
  • Digital Certificate of Incorporation
  • Digital Articles of Association
  • Digital Share Certificates
  • £25 Cashback with Wix
  • Bank Referral
  • Free .co.uk Domain
  • Free Accountant Introduction
  • Fully Compliant with AML and KYC Regulations

See also: Your HMRC UTR Number Explained

Form a limited company with us. Call our team at +44 (0) 207 566 3939 or email us at info@capital-office.co.uk, and one of our formation experts will contact you to get the relevant company details and handle the company formation process for you. Depending on the Companies House workload, online company registration can take up to 6 working hours.

FAQs

How much money is required to register a UK company with Companies House?

Register a UK company and start your journey right with a bundled package of just £39.99, which includes a UK registered office address, a free .co.uk domain, and an accountant introduction. We provide exceptional value for those keen on commencing their business without additional office space expenses and initial staffing requirements. 

See also: Directors Service Address Vs. Registered Office Address Service

Can anyone register a new company in the UK?

Registering a new company for UK and non-UK residents takes up to 6 hours to form a company. All you need to do is determine the type of company you want to establish, think through an appropriate business name and contact us. We will help you put together all the necessary documents you need to set up an LTD. 

How to register a holding company in the UK?

In the UK, the term ‘holding company’ is used to describe a company that holds the shares of other companies. A common way to register a holding company is to incorporate it as an LTD through the following steps:

  1. Think through a unique name for you and register it with Companies House. Until 2015, using the word “holding” or “holdings” in a company name was considered sensitive by Companies House, but it is now acceptable.
  2. Register an official business address and select an appropriate SIC code. 
  3. Appoint directors and a company secretary. You must appoint a director, but you do not have to appoint a company secretary.
  4. Identify people with significant control (PSC) over your company—for example, anyone with voting rights or more than 25% of the shares.
  5. Prepare a memorandum and articles of association describing the company will run. 
  6. Form your company. 

After you’ve set up the holding company, transfer the ownership of your subsidiaries' shares and assets to it.

Can I own a business in the UK as a foreigner or non-UK resident living outside of the UK?

Yes, foreigners and non-residents can open a company in the United Kingdom without needing a VISA. There are no restrictions based on nationality. However, you’ll need to comply with the following legal and administrative requirements before you are cleared to start. 

  • Choose a proper business structure that best fits your business goals;
  • Register your business with Companies House to a UK address; and
  • Get the necessary permits or licenses.

Once your business is registered, please note the following — 

  • The corporation registered to a non-resident is liable for UK tax obligations.
  • A UK resident director is not a mandatory requirement, but it is recommended for operational convenience.
  • While not legally required, having a UK bank account is advisable to enhance business credibility.
  • You can use a family or friend's address as your registered office or opt for a central London virtual address for added privacy.

Do I need a business bank account during the company registration process?

No. You do not need to open a business bank account, but you’ll likely find it impossible to operate without one. We understand that most British high-street banks can make it difficult for the new entrepreneur to open an account with company credit checks and multiple other requirements that new businesses cannot fulfil.

However, we’ve carefully selected partners with products suitable for our clients. As you set up your new business with us, we will recommend a few banks to consider. Whether you choose a Barclays Business Account or a Card One Business Account from our curated list, we ensure a seamless process to meet your financial needs.

What are the pros and cons of working with a simple company formation agent?

A company incorporation agent helps new businesses with online company formation and registration services. But with Your Virtual Office London, we go the extra mile and ensure your process is simple, seamless, and affordable. If you choose to form your company limited by share or guarantee with us, take the time to understand your goals, risk tolerance and incentives. With this understanding, Your Virtual Office London will advise you on the most suitable company structure and expedite your process by working with you to submit a company application without error.

There are no downsides to working with us!

What company documents do I need during simple company registration?

To register your company, you’ll need to submit the following documents — 

  • IN01 form, which should contain the following details –

    • Proposed name

    • Registered office address for your business

    • Details of directors and shareholders

    • Share capital information

    • Information of the persons with significant control

  • Memorandum of association, which outlines the following details —

    • Company name

    • Type of company and its purpose

    • Name and signature of subscribers

    • Liability of the members

  • Articles of association

    • Management details, which may include the rights and responsibilities of the director, voting rights and board meetings

    • Decision-making processes

    • Classes and rights of shares

    • General meetings

    • Miscellaneous factors depending on the dynamics of your company

What documents do I receive after new business registration? 

Once your new limited company is registered, you’ll receive the following documents — 

  • Certificate of incorporation, which includes your company number;
  • Official memorandum and articles association; and
  • Share certificates.
Jun 7, 2024
Sep 3, 2024

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Register Your Company and Get a Certificate of Incorporation

Are you looking to register your company? Learn how to get your certificate of incorporation, including the online application and replacement procedure.

🔑 Key Highlights

  • A certificate of incorporation is conclusive evidence that your company has been duly registered with Companies House.
  • You can call Companies House or use their search service to get a hard copy of your certificate.

Certificate of Incorporation Defined

A Certificate of Incorporation proves that your company has been officially registered at Companies House under the Companies Act and is recognised as a legal entity in the UK. It signifies that your business is now separate and distinct from its shareholders and directors, operating independently under the law.

Who needs a certificate of incorporation UK?

A certificate of Incorporation is essential for various entities and individuals registering a company in the UK. Here's a breakdown of who needs one:

  • Entrepreneurs registering a limited company by shares — Whether establishing a public or private company, entrepreneurs seeking to set up a business structure where ownership is divided into shares require a registration certificate. 
  • Individuals establishing charitable organisations — Individuals or groups intending to establish charitable organisations with limited liability protection in the UK that operate under a company limited by guarantee structure also require a certificate. 
  • Partners Forming Limited Liability Partnerships (LLPs) or Limited Partnerships (LPs)—Partners seeking to enjoy limited liability protection can opt to form LLPs or LPs. In both cases, obtaining a certificate of incorporation is necessary to formalise the registration process and establish the legal entity's existence.

The certificate is official proof of the company's legal incorporation and is essential for conducting business activities and fulfilling legal requirements.

Which company details are found in a certificate of incorporation?

Once Companies House has approved your registration application, you will find the following details in an incorporation certificate.

  1. The type of company such as a private or public company, LLP or another legal entity structure.
  2. The registration number uniquely identifies the company and depends on the entity type. For example, a partnership will have a partnership number, while a private limited company will have a company registration number (CRN).
  3. The certificate indicates the official date of incorporation or registration.
  4. The full legal name under which the company is registered is provided in the certificate.
  5. Registrar information may be from Companies House in England and Wales, Companies House Scotland, or Companies House Northern Ireland.
  6. Depending on the jurisdiction, formation jurisdiction may be Cardiff, Edinburgh, or Belfast.
  7. Relevant legislation or laws under which the company is formed provide the legal context for its establishment, e.g., the Companies Act (2006) or the Limited Liability Partnership Act (2000)
CERTIFICATE OF INCORPORATION

Company Name Requirements for a New Company in the UK

When registering a new company in the UK, the name displayed on your certificate of incorporation must adhere to specific criteria set by Companies House. To ensure approval, your company name must meet the following requirements:

  1. Uniqueness — The proposed name must not closely resemble an existing company name, helping to avoid confusion among consumers and stakeholders.
  2. Exclude official terms — Avoid incorporating terms like "Royal" or "Government" to imply an association with any local or national UK government agency, as these terms require official authorisation.
  3. Avoid sensitive words — Exercise caution when using sensitive words like "Chartered" or "Accredited," ensuring proper authorisation is obtained before inclusion.
  4. Appropriateness—The name should be appropriate and not offensive, inappropriate, or likely to cause harm, maintaining professionalism and respectability.
  5. Compliance with legal standards — Ensure the name does not suggest criminal activities contrary to the public interest, adhering to legal standards and ethical principles.

How to Register Your Company With Companies House

Here is what you need to form your company directly with Companies House:

  • Company name — Choose an appropriate name for your company. Ensure it's unique and complies with Companies House regulations.
  • Officer details — Provide information about the company directors and persons with significant control (PSCs), including their names, addresses, and other relevant particulars.
  • A registered office address — The official address for receiving statutory mail. 
  • Memorandum and articles of association—Outline the subscribers' initial commitment to establish a company and rules for internal management, respectively.  
  • Correspondence address for the officers — For receiving statutory letters and legal notices relevant to their role.
  • Share structure — Determine your company's share structure, including the number of shares and their respective values.
  • Standard industrial classification (SIC) code — Identify the appropriate SIC code that best describes your company's primary activities.

Once you have these details ready, you can initiate the registration process. The cost for setting up a limited company directly with Companies House is £12, and the process typically takes around 12 hours to complete.

To begin your company formation journey, visit the following link:

https://www.gov.uk/limited-company-formation/register-your-company

Here's how you can take advantage of our free company formation offer:

  • Obtain privacy addresses – Protect your company officials, including directors, persons with significant control, and shareholders. Maintain confidentiality and protect personal information.
  • Invest in virtual office packages — Our comprehensive virtual office package is designed to provide a professional business address, mail handling services, and more.
  • Choose resident or non-resident formation packages — Choose from our range of resident or non-resident formation packages, which include complimentary UK company setup addresses and secretarial services.

With Your Virtual Office London, you can streamline the company formation process and focus on driving your business forward. Experience hassle-free registrations and comprehensive support every step of the way.

Further insights on incorporating a company: Register & Thrive: UK Company Formation Made Simple

How to Get Another Certificate if You Lose One

Always keep your certificate of registration in a safe and easily accessible place so you can quickly produce it when needed. 

However, if you lose your original certificate of incorporation. You can get a copy of the certificate online since Companies House service provides free access to company details and filings through the following steps:

  1. Visit the Find and Update company information service at https://find-and-update.company-information.service.gov.uk/ 
  2. Enter your company number or name in the search box.
  3. Select your company from the list.
  4. Click on "Filing history."
  5. Scroll down and choose "View PDF" next to Incorporation (you may need to navigate to older pages).
  6. Download a PDF copy of your certificate.

You can obtain a certified copy of your certificate of incorporation by calling Companies House on 0303 1234 500 and providing the company's CRN. The standard service costs £15.00, while the same-day service costs £50.00. Digital copies can also be requested via email.

How to Get a Certificate of Incorporation Via Companies House Directly

Companies House sends a company’s certificate of incorporation to the company in the following ways:

  • By post — You’ll be sent a certificate of incorporation through the post to the company's registered office address as Companies House approves your application.
  • Digital certificate —You can also download a digital copy of your certificate from the Companies House website by searching for a company and accessing its filing history.
  • Ordering a certified copy—If a company has misplaced its original certificate, it can order a ‘printed certificate of incorporation’ from the Companies House by calling its contact centre. The standard service cost is £15, and the certified copy is delivered within 4 working days.

In summary, Companies House primarily delivers the certificate of incorporation by sending the original printed version to the company's registered office through the post. Companies can also obtain digital or certified copies of the certificate as needed.

How to Get a New Certificate if You Change Your Company Name

After your company is incorporated, tell Companies House when you want to change its name. You'll be issued a Certificate of Incorporation on Change of Name via email, reflecting the new company name while retaining all other details, such as the company registration number and incorporation date, identical to those on the original certificate.

Jul 1, 2014
Sep 3, 2024

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How to Change Your Limited Company Registered Office Address

Discover how to change your UK limited company registered office address at Companies House using form AD01 or WebFiling.

🔑 Key Highlights

  • You can change your registered office address anytime throughout the lifetime of your company.
  • With the recently enacted Economic Crime and Corporate Transparency Act, your registered address must be a physical address in the same country where the company is registered, not a PO box address.
  • Statutory letters from government agencies such as the Office of National Statistics, courts, Companies House, and HMRC are sent to the registered office address.

How to Change a Company Address (Online and With Form AD01)

You are responsible for keeping your company information as held by Companies House up to date. But before you proceed to change, ensure that the new address remains within the same part of the UK where your company is registered – England and Wales, Scotland, or Northern Ireland. 

Change your company address online using your WebFiling credentials (email address and password). 

Watch the video below for more information.

A video guide on how to change your director or company address registered with Companies House

You can also change your details by post using form AD01

Form AD01 download
A snapshot of from AD01

You’ll need the following details to fill out the form – 

  • Company name
  • Company registration number
  • Details of the new address
  • Presenter information (details of the person filling out the form)

To avoid penalties, you must update your company information held at Companies House within 14 days of the change. 

Once your change of address becomes effective, Companies House will inform HMRC. 

FAQ 

What is a registered office address? 

Companies House, HMRC, and other government agencies use a registered office address to send official mail. You can use your home or business address, but note that Companies House will no longer accept a P.O. Box.

Also known as a service address, the registered office address is the official address of your Company. As far as mail is concerned, it is the point of contact between your private limited company and the government. 

Before you register your company, be sure to have it in place. 

Can I use my residential address as my company’s registered office address?

Yes. You can use your home address as your registered office address. However, since the address will be publicly available on the Companies House register, you may get unwanted mail and visitors, exposing you to privacy and security challenges. 

Instead, consider working with a virtual office address service like ours and acquire a prestigious central London address that elevates your brand image. 

What is the difference between a trading address and a registered office address?

A trading address is where you are carrying out your business activities. If you have a professional business premise, you can register your trading address as the registered office address. However, you may have to deal with uninvited visitors since this information will be available on the Companies House public register. 

Furthermore, with your landlord's permission, you can provide your home address as your registered address. Yet, this option exposes you to privacy violations and junk mail. 

Do I or a company representative need to be available at the trading address to receive correspondence? 

You do not need to trade from your registered office service location or have any company representative present. However, you need someone at the address to receive, sign, and confirm receipt of the government mail sent to the business. Such an individual can be anybody, including the staff at a virtual office. 

It ensures that official documents, notices, or communications are properly handled and acknowledged by someone at the specified address. By fulfilling this requirement, you demonstrate that you have a reliable point of contact for regulatory or governmental entities, even if the business or company representative is not physically present at the trading address.

What are the key features of your registered address service?

As far as virtual office services are concerned, we are the best. 

A registered office address is a legal requirement during company formation. Further, with the enactment of the Economic Crime and Corporate Transparency Act already established, companies have until March 2024 to switch to a physical address from a P.O. Box. 

Registered office address service

Aug 27, 2024
Aug 28, 2024

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The Complete List of Lucrative Small Business Ideas for 2024

Explore profitable small business ideas to start in 2024! Discover how to start today, leveraging in-demand skills and addressing key market needs.

Looking to start a business in the UK? Consider this your essential guide to small business ideas that can significantly boost your finances while positively impacting your community. Whether you're considering a simple venture like a Virtual Assistant service or a more complex operation like market research or homecare services, we’ve got you covered with multiple business ideas to explore. Each section outlines the essential skills to help you assess your readiness, startup costs, and the ideal business structure. 

Quick Tips for Starting a Small Business In the UK

High Skill Unique Business Ideas

As we delve deeper into the digital age, businesses' challenges are evolving at a pace that’s never been experienced before. The business ideas in this section stand out because they directly tackle the most pressing issues and rapidly growing concerns of our time. These ideas aren’t just limited to niche markets; they offer solutions essential for the growth and success of every organisation—and even individuals—in today’s digital landscape.

Cyber security

According to the UK Department for Science, Innovation, and Technology, many businesses and charities experience cyber attacks annually, illustrating the need for adequate protection. Cyber threats such as phishing, impersonation, and malware are not just technical nuisances—they pose serious financial risks and operational disruptions, particularly for medium and large organisations. As the frequency and impact of these breaches continue escalating, the demand for specialised cybersecurity services is rising. 

Infographic on the Overview of UK Cybersecurity Breaches and Attacks In 2024.

The infographic below presents key statistics and insights on the most common types of cyber attacks, their impact on organisations, and the financial consequences of breaches. These growing threats highlight a significant business opportunity in the cybersecurity industry. By setting up a cybersecurity-focused business, you can play a crucial role in addressing these challenges, helping organisations protect their valuable data and maintain operations in an increasingly digital world.

 Overview of UK Cybersecurity


This presents a unique and timely opportunity for entrepreneurs to establish cybersecurity-focused businesses that address these critical needs.

The possibilities are vast, from threat detection and vulnerability assessments to compliance consulting and incident response. Depending on their expertise and market demand, this variety allows business owners to target specific niches or provide comprehensive solutions.

Advantages of a Cybersecurity business

  • A cybersecurity venture is one of the best business ideas to start in the UK because of its scalability. Entrepreneurs can start small, offering specialised services to a few clients, and gradually expand their offerings and client base as they gain experience and recognition in the market. This flexibility makes it attractive for those looking to grow a business over time.
  • Unlike some industries vulnerable to economic fluctuations, cybersecurity remains a priority for businesses regardless of the economic climate. Protecting digital assets and sensitive data is essential, making cybersecurity services indispensable even during downturns. This resilience makes a cybersecurity business a stable and sustainable venture.
  • Small—to medium-sized businesses and high-income charities often lack in-house cybersecurity expertise, making them prime targets for cybercriminals. A cybersecurity business can offer invaluable services that protect these organisations from potentially catastrophic breaches by focusing on these markets.
  • Beyond the financial and operational benefits, running a cybersecurity business carries an ethical responsibility. By helping to safeguard sensitive data and protect online communities, your company contributes to a safer digital environment. This moral dimension adds value to your services and strengthens your reputation as a trustworthy provider.

How to Start a Cybersecurity company

The best registration format for your cybersecurity business is a UK limited company structure. Your business will deal with high-value clients, and an LTD provides the framework for professionalism. Furthermore, an LTD and a professional indemnity cover will protect you from personal liability and business obligations. You could also consider working with an LLP, allowing you to pair your skills with a strategic business partner.

Documents required to register a cyber security company in the UK include —

  • For a limited liability company, you require an article and memorandum of association indicating a preferred company name, director and PSC details and the registered office and director addresses.
  • Form LL IN01 for registering an LLP, through which you will provide the partner and PSC details and registered office address.  

GDPR/ Data Privacy Consulting Firm

The UK Information Commissioner’s Office (ICO) can impose fines of up to £17.5 million or 4% of your annual global turnover—whichever is greater—for non-compliance with GDPR. However, the risks extend beyond regulatory breaches. Companies that fail to implement robust cybersecurity measures also face severe financial penalties, mainly when these failures result in privacy breaches compromising client data.

A GDPR/ data privacy firm helps businesses avoid such hefty fines by advising them on privacy issues and data security concerns. 

Advantages of GDPR/Privacy Consulting Firm

  • Much like a cybersecurity business, a GDPR/Privacy Consulting Firm provides critical services that every company, regardless of industry, needs to avoid severe penalties and risks associated with non-compliance. These services are essential in any economic climate, as businesses must continuously adhere to privacy regulations, making this type of firm a stable and resilient business with consistent demand.
  • As an emerging and constantly evolving field, there is a significant demand for knowledgeable privacy consultants. Brands need experts who can navigate the complexities of data protection laws, making this a lucrative area for those with the right skills and qualifications.
  • GDPR and privacy consulting typically involve ongoing support and training rather than one-time engagements. Once a business secures a client, effective marketing and customer retention strategies can significantly enhance that client's lifetime value, leading to increased revenue and sustained business growth.

How to Start a GDPR/Privacy Consulting Firm

Starting a GDPR/Privacy Consulting Firm is an exciting opportunity to make a real impact in a growing field. To get started, simply set up a company limited by shares, which offers the benefit of limiting your liability to the amount of your investment.

Building strong networks and engaging with potential clients is crucial to your success in this professional area. Focus on establishing yourself as a subject matter expert and thought leader. Look for opportunities to speak at industry events or contribute articles to high-value publications. This will enhance your credibility and help you connect with potential clients seeking trusted expertise in GDPR and privacy compliance.

Working From Home Businesses to Start

There’s nothing quite like the comfort and flexibility of working from home. With 16% of employees worldwide working exclusively remotely and 44% embracing a hybrid model, it's clear that flexible work arrangements are here to stay. This section highlights easy entry home business ideas you can start right from the comfort of your home.

Virtual Assistant Services

Over 4,500 VA jobs are open worldwide on LinkedIn, with new positions being added daily. With the rise of remote work, virtual assistant services are on the rise, and the market is expected to expand even further in the coming months. 

Businesses seek to work with VA service providers due to their flexibility. Depending on the market, they can dial up or down the time allocated to the VA, from simple tasks like email and calendar management to more complex tasks such as content creation and social media marketing.

Benefits of a VA business

  • 45% of UK businesses hired a virtual assistant. The opportunity to access cost effective local and offshore talent makes human virtual assistants a desirable option for businesses. 
  • Starting a virtual assistant (VA) business from home is affordable, with minimal upfront expenses. Additionally, if you're working from home because your employer doesn’t provide an office, you may be eligible for tax relief, further reducing your operational costs.
  • An abundance of online resources are available to help you build and enhance the value you offer to clients. Major companies like Google and HubSpot offer free courses that can give you a competitive edge and improve your skills, making you more attractive to potential clients.
  • The demand for highly skilled and results-oriented virtual assistants is on the rise. Businesses are constantly looking for efficient solutions to their problems, and VAs play a crucial role in helping them achieve their goals while reducing overhead costs.
  • VA services are beautiful to small business owners because they help save on costs. By outsourcing tasks to VAs, businesses can avoid the expenses of hiring full-time staff, making VA services a highly sought-after solution.

How to Start a Human Virtual Assistant Business 

Starting a Virtual Assistant (VA) business is straightforward and highly flexible. You can opt to operate as a sole trader, which eliminates the need to register with Companies House and simplifies the setup process. To get started, you can set up an online profile on platforms like Fiverr, Upwork, and LinkedIn or even set up your own website to begin attracting clients.

While the administrative burden is minimal, you will need to file a self-assessment tax return with HMRC. Operating as a sole trader is ideal for a VA business due to its low-risk nature, allowing you to concentrate on growing your client base and honing your skills without the complexities of extensive paperwork or personal liability concerns.

See also: Register Your Company and Get a Certificate of Incorporation.

Digital Marketing Agency or Freelance

With over 90% of B2B and B2C sales processes beginning with an online search, the demand for digital marketing services has never been higher. As more businesses embrace the digital space with online stores to sell their products and services, the need for skilled digital marketing agencies and freelancers continues to grow. Whether it's social media management, SEO, or comprehensive digital marketing strategies, professionals in this field are in high demand, making it a lucrative and rapidly expanding industry.

Benefits of starting a digital marketing business

  • In today’s competitive landscape, businesses are constantly vying for top Google rankings and innovative ways to engage their customers. This creates a strong demand for digital marketing professionals who can help companies stand out online.
  • As online businesses seek creative strategies to connect with their audience through social media, email marketing, and other digital platforms, the need for skilled digital marketing specialists continues to rise. Your expertise can be crucial in helping businesses build and maintain meaningful connections with their clients.
  • A digital marketing business offers exceptional scalability, making it one of the best small business ideas to start. With a wealth of resources and information readily available online, it's easier than ever to get started in this field. As you refine your skills and consistently deliver measurable results, you'll naturally attract new clients and have the opportunity to expand your services. This inherent growth potential allows your business to evolve alongside your expertise, driving increased success and revenue over time.

How to Start a Digital Marketing Agency or Freelance Business 

Starting as a sole trader is advisable for a digital marketing freelancer, especially in your first year of business. This approach minimises the administrative burden of managing a Limited Company (LTD), enabling you to focus on building your client base and refining your services. As you grow your business and require more formal structures to support that growth, transitioning to an LTD can provide the necessary framework and legal protections to scale your operations effectively.

Homecare, Domiciliary and Nursing Agency

In the United Kingdom, over 950,000 people currently receive domiciliary care, a number that is expected to rise significantly as the population ages. Despite this growing demand, only around 809,000 professionals are employed in the home care service industry, highlighting a substantial opportunity for those entering this field.

Moreover, the deeply personal and empathetic nature of care services offers a unique advantage: the ability to build a strong reputation quickly. By consistently demonstrating genuine care and compassion for your clients, you can establish a trusted and respected name for yourself and your business, fostering long-term relationships and community trust.

Benefits of Starting a Homecare Business

  • The need for homecare services is continually growing, driven by an ageing population and increasing preference for in-home care. This creates a steady and reliable demand for providers in this industry.
  • With the right business model and a strong commitment to customer-centred values, your homecare business can experience unlimited growth. By focusing on personalised, compassionate care, you can differentiate your services and build a loyal client base.
  • Starting a new business as a domiciliary service provider offers a unique opportunity to show compassion and make a tangible difference in the lives of individuals and families. Your work not only provides essential care but also adds significant value to the well-being and comfort of those you serve.

How to Start a Domiciliary Business in the UK

While you have the option to start as a sole trader or partnership, it's advisable to establish your business as a Limited Liability Company (LTD). This structure helps protect your personal assets by limiting your liability to the business. Additionally, it's crucial to register with the Care Quality Commission (CQC) specific to your region—whether in England, Scotland, or Wales—to ensure compliance with regulatory standards and to legally operate your domiciliary care business.

B2B Small Business Ideas

Two great business ideas are particularly impactful when it comes to helping other businesses succeed. First, market research firms play a crucial role in guiding entrepreneurs by assessing the feasibility of their concepts and staying attuned to evolving customer preferences. Second, HR-focused companies provide essential support in managing talent, ensuring businesses can attract, retain, and develop the people they need to thrive. These services are vital for the long-term success and growth of any business.

Market Research

Do you have a talent for qualitative and quantitative research methods? Are you eager to apply your skills meaningfully? Market research is essential for businesses looking to enter new markets and established companies striving to keep pace with ever-changing consumer trends and preferences. A successful UK market research firm plays a vital role in helping businesses capture and maintain their industry positions, whether as market leaders or competitive challengers.

Advantages of Starting a Market Research Company

  • By offering insights into growth matrices and market trends, you can local businesses identify new markets and expand their reach. This makes your services highly valuable to companies looking to scale and capture new opportunities.
  • Running a market research company sharpens your analytical skills and enhances your ability to make informed decisions. These skills are transferable and beneficial across all areas of business and personal life.
  • As a market research expert, you are constantly attuned to the latest market trends and shifts, making you an invaluable asset to your clients. This deep market knowledge allows you to offer complementary services such as:some text
    • Guide businesses in developing new products that meet emerging customer needs.
    • Help companies assess potential risks and devise strategies to mitigate them.
    • Your ability to foresee market changes allows you to advise clients on adapting proactively, ensuring they stay ahead of the competition.

By leveraging these advantages, your market research company can become a critical partner for businesses aiming to thrive in a rapidly changing environment.

How to Start a Market Research Company

Starting a market research company is a straightforward process. Begin by registering a company limited by shares, which provides a flexible and protective business structure. Generally, additional licenses are required only by your official registration if you plan to operate in specialised sectors such as pharmaceuticals. In that case, you must ensure that your market research materials comply with industry-specific regulations, such as having them reviewed by qualified personnel under the guidelines of the Association of the British Pharmaceutical Industry (ABPI).

Recruitment and Staffing Agency with Corporate Wellness Programs

The HR landscape is rapidly evolving, shaped by the rise of artificial intelligence and a shifting focus towards efficiency over creativity and quality. In this dynamic environment, the role of corporate wellness programs is becoming increasingly crucial.

A staggering 91% of UK companies report difficulties filling job roles and retaining talent, while 64% of small businesses face similar challenges in retaining skilled staff. As companies grapple with these issues, they often become frustrated by the constant cycle of hiring, training, and losing employees to better offers.

By integrating corporate wellness programs into your recruitment and staffing agency, you can provide a comprehensive solution to these challenges. These programs help attract top talent and enhance employee well-being and loyalty, reducing turnover rates and driving long-term success for your clients in a market where talent retention is vital; offering such holistic services positions your agency as a critical partner in fostering a thriving workforce. 

Advantages of Starting a Staffing Agency Business

  • Running a staffing agency allows you to make a meaningful impact by helping businesses find the right talent while enabling individuals to fulfil their potential. You play a crucial role in connecting people with opportunities that align with their skills and aspirations.
  • The ongoing need for staffing solutions ensures your business remains in demand. Whether the economy is booming or facing challenges, companies will always require skilled professionals to fill positions, making your services essential and resilient.
  • You can hit the ground running as soon as you set up your agency, especially if you have a strong network. Even without an established network, you can leverage job boards and collaborate with companies seeking to fill positions. There's always someone looking to hire, providing immediate business opportunities and the flexibility to scale as you grow.

How to Start a Recruitment Business 

Registering your business as a private limited company provides you with legal protection and a professional framework. Once registered, you'll be ready to start building your client base and placing candidates.

Jul 13, 2020
Aug 20, 2024

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Your HMRC UTR Number Explained

Everything you need to know about registering for self assessment, applying for a UTR number for your company, or filing tax returns.

🔑 Key Highlights

  • UTR serves as a unique identifier for businesses and individuals, including sole traders.
  • Once assigned, the number remains valid for the lifetime of the individual or business entity.
  • The number provides access to various online services HM Revenue and Customs offers, enabling taxpayers to manage their accounts, submit tax returns, and stay updated on their financial obligations.

What is a Unique Tax Reference Number?

HMRC issues a unique taxpayer reference comprising ten digits (e.g., 0123456789) to all taxpayers, whether they are limited companies, self-employed individuals, or sole traders.

Personal UTR numbers are issued immediately after a self-employed individual files for self-assessment, while UTR numbers are given directly after incorporation. 

Why do I need a UTR Number?

UTR numbers are unique to the holder and, therefore used to identify a person or business for the purpose of taxation. Limited companies use UTR as a reference number when they are -

  • Filing returns to HMRC;
  • Communicating changes in their accounting period;
  • Informing HMRC about changes in their registered details or company structure or
  • Transitioning from active to dormant company.

Individuals on self-assessment use a UTR for reference when communicating to HMRC in the following instances —

  • File a self-assessment tax return online or via post;
  • Work with accountants or other financial advisors;
  • Determine their tax bill and pre-pay taxes;
  • Claim refunds;
  • Track compliance with tax obligations; and
  • Ensure accurate record-keeping for tax-related matters.

The reference number helps HM Revenue and Customs track earnings, calculate their liability, and monitor the fulfilment of tax obligations. 

How to Register for a UTR Number From HMRC as a Self-Employed Sole Trader

You will be issued a UTR number during self-assessment registration or when forming an LTD company. To enroll for self assessment with HMRC online, you’ll need a Government Gateway ID and password. If you do not have a business account, you can create one if you are -

  • Self-employed as a sole trader
  • A business partner, or 
  • You need to pay for any other reason; for example, you earn income from a rental property. 

🛈 Information box

If you’re self-employed, you’ll need to sign up for UTR and Class 2 National Insurance by filling out a CWF1 online form and posting it. Once you register, you’ll get your UTR number by post in 15 days or 21 if you are abroad.

If you’ve joined a registered partnership, print and post from SA401, or create your Government Gateway credentials and do it online.

For any other reason, you’ll need to provide your full name, postal address, telephone number, and UK national insurance number and indicate why you are registering for self-assessment. 

To avoid fines, remember the deadline for when you must file returns. 

However, if you’ve ever registered but have not yet received your UTR number, contact HMRC directly through the self assessment helpline on 0300 200 3310. They will post it to you, and this takes around ten days. 

Take time to memorise your number, just like your National Insurance number, it’s yours for life.

How to find your UTR number online?

If you’ve forgotten your UTR number, there are several ways to retrieve it.

Insight

You can get the number on your personal tax account or the HMRC app, accessible as an iOS App from the App Store or Android App from the Google Play Store using your Government Gateway ID and password to access your details.

Most of your documents from HMRC will show your UTR number; refer to any tax returns letters you receive or forms such as a P60 or P45. Your corporation UTR number will also be printed on your payslip.

See if you can find your UTR number in any of the following resources —

  • Get your registered name and number for a ltd company and request your corporation tax UTR online.
  • Search through your online Self-Assessment account on the HMRC website.
  • Check your “Welcome to Self Assessment letter” (Letter (SA250) sent by HM Revenue & Customs.
  • In your “Corporation Tax Information for New Companies” letter (CT41G) sent by HMRC to the official company address 
  • Any official correspondence, letters, or notices sent to you by HMRC, for instance, notices for tax payments or statements of accounts. 
  • Previous self assessment, company tax returns and other documents. 

However, if you still can’t access previous tax documents (or you want to check your company UTR number), get in touch with HM Revenue & Customs through the self assessment helpline, and they’ll post it to you in 10 working days, or to the registered company address in case of a company utr number.

How do I get a UTR number if I am a Non-Resident?

The law requires non-residents to pay taxes on their UK earnings but not their foreign income. If you are a non-resident, you can apply for UTR through the Government Gateway with the necessary credentials. To get them, you’ll need to have lived in the UK at some point and at least have a National Insurance number (NINO). 

If you do not have NINO, it is possible to register for self-assessment using form SA1, used by those who need to register for UTR number for reasons other than self-employment. As you fill out the PDF, indicate the reason for not providing your NINO. 

Next, you will be asked why you must complete a tax return. Some of your options include if you are - 

  • Receiving annual income from a trust or settlement;
  • Earning an annual income of over £100,000;
  • Getting untaxed income that cannot be collected through your PAYE tax code;
  • Earning Income for Child Benefit purposes of over £50,000, and you or your partner is entitled to receive Child Benefit payments on or after 7 January 2013; and 
  • Required to pay Capital Gains Tax to pay. 

If you have other reasons for completing your returns, you will be required to give the relevant details. 

Once you obtain a UTR number, you can create a Government Gateway account, sign up for HMRC online services, and file self assessment tax returns. 

For a non-resident company or a collective investment vehicle (CIV) that operates in the country or owns UK-based assets such as shares or land, you are liable to pay your company tax using form CT600 corporation tax return. To file your returns, you will need to provide the following details — 

  • Company name (prior names if applicable), registered overseas address, and all contact details.
  • Date of incorporation
  • Name and addresses of directors
  • The date you became liable for company tax 

How do I register for a Company UTR?

To record your company as “active” with HMRC for tax (this must be done within three months of starting any form of business activity or receiving business-related income), you’ll have to provide the following details:

  • Company name and company registration number (CRN);
  • Trading start date (this will determine the start date of your initial corporate tax accounting period);
  • Main address where your business activities are active (this doesn’t have to be your registered office address);
  • Outline your company’s principal activities (your SIC code will be needed here).
  • The date your company accounts will be noted is also known as the “Accounting Reference Date (ARD).” It is the anniversary of the last day of the month of your business formation;
  • Any other information on whether you’ve taken over an existing company/or are part of a group; and 
  • Comprehensive details of all company directors (names, addresses, National Insurance number).

If applicable, any information regarding the appointment of an agent (accountant/tax advisor) who handles your company’s tax-related issues.

How long does it take to get a UTR?

How long it takes to get a UTR depends on your circumstances. 

  • Individuals register for self assessment online and get their UTR number within ten working days. 
  • Non-resident individuals with all the necessary documentation can get their UTR within 21 working days after enrolling for self assessment on the HMRC website. Non-UK resident landlords can register for the Non-resident Landlord (NRL) scheme by calling or writing to HM Revenue and Customs using the following details: 

0300 322 9433

+44 300 322 9433

Open Monday to Friday: 8:30 am to 5 pm and closed on Saturdays, Sundays, and Bank Holidays.

Charities, Savings, and International 1

HM Revenue and Customs

BX9 1AU
United Kingdom

You do not need to include a street name or PO box when writing to this address.

  • For a limited company registered with Companies House, HMRC will automatically get a notification of their formation and send their UTR number within 14 days of incorporation.
  • Non-resident corporations must register for corporate tax within three months of becoming liable to pay UK corporate tax. If the corporation has a Government Gateway User ID, HMRC will send the code online. If not, the company will need to create an account and allow up to 8 weeks to process the registration and get access codes to your overseas address.

I lost my UTR number; what do I do?

For lost UTR, don’t worry. Simply look through your correspondence with HM Revenue & Customers. If you cannot trace it, you can call HMRC on 0300 200 3310 to ask about your number and +44 161 931 9070 for those outside the UK. HMRC cannot give your UTR number over the phone, but they’ll send it to you by post in 10 working days.

What is the difference between a UTR Number and a Tax Code?

A UTR number and tax code are tax-related numbers in the UK but for different purposes. A unique tax reference is a 10-digit number identifying an entity for taxation matters issued by Her Majesty Revenue and Customs (HMRC) to individuals or companies.

On the other hand, a tax code is used to identify employers, pension providers, and taxpayers within the context of withholding tax that combines numbers and letters with a distinct meaning. The numbers in a tax code represent the tax-free income an employee can earn in a year, while the letter reflects the employee's situation and how it affects the employee. Therefore, tax codes are not static (they change every year) and are not unique to individuals, and there are situations where two or more people with similar tax dynamics can have the same code.

Currently, the most common tax code is 1257L, which means you can earn up to £12,570 before HMRC requires you to pay your income tax. The letter L means the employee is entitled to the standard tax-free personal allowance. Other letters, such as M, mean the employee has received a transfer of 10% of your partner’s Personal Allowance.

What is a tax return?

Taxpayers must file annual returns with HMRC by post or online, declaring their income and any other relevant financial details helpful in calculating tax liability and scheduling payments or requesting refunds in case of an overpayment. The form is called self assessment because each individual is responsible for reporting their income.

What are the Self Assessment deadlines?

To not miss a deadline, you first need to know that tax dates do not go according to calendar years and are filed in arrears (for the previous year’s income). For instance, when submitting forms in 2023, you are reporting based on 2022 income.

The present tax year starts from April 6, 2023, to April 5, 2024, shortened as 2023/2024, and HMRC requires that self assessment returns be filed by October 5, 2024, if it was your first time filing. Midnight October 31, 2024, and January 31, 2025, are the deadlines for filing a paper tax return and online filing, respectively. HMRC also requires that you pay taxes you owe by January 31, 2025.

Who needs to file a self assessment Tax Return?

In the UK, most people pay tax at source in the form of PAYE (Pay as You Earn) and are not required to file for self assessment. However, according to HMRC, you must file a self assessment tax return (known as an SA100) if, during the tax year, you were -

  • Self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on);
  • A partner in a business partnership, a minister of religion, or a trustee;
  • A resident or non-resident who earned over £2,500 in terms of an untaxed interest, rental income, commission, etc;
  • Earned over £10,000 before tax in savings and investments or have You have an annual income of £100,000 or more before tax;
  • You have capital gains income received by selling or giving away shares or any other relevant asset;
  • Had a total taxable income of above £100,000; and
  • Had to pay the High Income Child Benefit Charge.

If you need clarification on your situation, please write to us at info@capital-office.co.uk, and we will give you all the information necessary to make a sound decision.

How do I file a Self-Assessment Tax Return Online?

You can file online using form SA100 if you are self-employed and must submit returns for reasons such as receiving rental income.

However, to file returns for a —

  • Partnership use the Partnership Tax Return (SA800);
  • Trust or an estate files through the Tax and Estate Tax Return (SA900);
  • Non-resident using the Residence, remittance basis, etc. (Self Assessment SA109);
  • Report  chargeable events, such as the maturity of a life insurance policy, by filing the electronic flat text file specification (previously called magnetic media specifications) — for UK insurers only or the HMRC chargeable events spreadsheet;
  • Minister of religion by supplementary pages SA102M; and 
  • SA103L for Lloyd's underwriters. 

How do I pay my tax bill?

You can pay your self assessment tax bill by 31 January for taxes owed from the previous year through -

  • Online or telephone banking (Faster Payments);
  • Debit or corporate credit card online;
  • Your bank or building society; 
  • Your online bank account;
  • CHAPS or Bacs

Note that HMRC’s banking address is:

Barclays Bank PLC1
Churchill Place
London
United Kingdom
E14 5HP

What are the Self-Assessment Tax Bill Deadlines?

Submitting returns is complex; you must get the timing right to avoid penalties. Note taxation forms are not submitted based on calendar years but tax years and are filed in arrears (for the previous year’s income). For instance, if you are filing returns in 2023, you are filing for 2022 income.

Insight

The present tax year starts from April 6, 2023, to April 5, 2024, shortened as 2023/2024, and HMRC requires that Self-Assessment returns be filed by October 5, 2024, if it was your first time filing. Midnight October 31 and January 31 (the following year) are the deadlines for filing a paper tax return and online filing, respectively. HMRC also requires that you pay taxes you owe by January 31.

How do you apply for a Company UTR number?

When you set up your LTD company, Companies House automatically sends a notification to HMRC to issue you with a Unique Taxpayer Reference (UTR) number.

What is the difference between a Tax Rebate and a Tax Refund?

Both terms refer to an after-tax refund a taxpayer receives after overpaying their tax invoice. The refund (rebate) refers to the sum you receive from the government when your taxes exceed your actual tax liability.

How do I file my first tax return online?

If this is your first time filing a tax return, begin by enlisting for self assessment. Complete the registration process online on the GOV.UK website. Once registered, you will be assigned a Unique Taxpayer Reference (UTR) number.

Next, gather documents such as P60, P45, and any other relevant tax paperwork. With your documents in hand, determine if you can file online or if you ought to use commercial software and follow the appropriate instructions. The deadline for submitting your tax return is midnight on the 31st of January, following the end of the tax year, and you should always expect to receive a confirmation from HMRC that they have received your return.

Any taxes you owe must be paid by midnight on the 31st of January following the end of the tax year. Various payment methods are available, including online, phone, or postal.

Remember, you can contact HMRC for support if you encounter any questions or require assistance with the tax filing process.

Aug 6, 2024
Aug 7, 2024

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GOV.UK Government Gateway Online Service Account Explained

How to sign in or set up your Government Gateway online service account to access government services and insights on GOV.UK One Login.

🔑 Key Insights

  • Government Gateway is a platform that allows UK residents to register for UK HMRC services online.
  • There are three types of accounts: individual, through which you can access your personal tax details and file your self-assessment; organisation accounts, for access to business tax services; and agent accounts, through which institutions access HMRC services on behalf of their clients.
  • Though the Government Gateway is still in use, HMRC is introducing the user-friendly GOV.UK One Login starting Spring 2024. The authority will guide users through the transition process, making sign in or set up procedures straightforward.

What is the Government Gateway?

Government Gateway is a UK online platform designed to help residents register for HMRC e-services. With this platform, individuals can manage their personal tax accounts and file self assessment documents, while business owners can handle their business tax accounts efficiently. Additionally, agents can use the tax portal to access services for their clients. Launched in 2001, this system replaced old paper-based submissions with digital versions, making various tax-related activities more streamlined and convenient for everyone.

What HMRC online services are available through the Gateway system?

You can  access all HMRC services using your online service account, including — 

  • Personal tax account services such as – some text
    • Filing for self assessment returns;
    • Seeing what you owe, paying your individual tax bill; and 
    • Childcare services, including making child benefit claims, free childcare update information or other related functions.
  • Business tax accounts like - some text
    • Filing corporation tax;
    • Register for VAT, submit your returns, and make payments;
    • Amend your business related VAT details;
    • Enrol for Making Tax Digital (MTD) for VAT;
    • PAYE for employers;  and                                          
    • Manage Construction Industry Scheme (CIS) obligations.
  • Pension-related services, including accessing pension schemes
  • Services for Charities, including claiming gift aid. 

Other state departments also leverage the platform to facilitate access to their services. These include – 

  • Accessing DAERA online services provided by the Department of Agriculture, Environment and Rural Affairs
  • Department for Work and Pensions (DWP), responsible for various benefits and pension services.
  • For vehicle tax and driving license services provided by the Driver and Vehicle Licensing Agency (DVLA) 

How do I get a Government Gateway user ID and password to sign in, and what information do I need to provide?

Sign in using  Government Gateway

To create your tax profile on a computer, follow these steps:

  1. Open your web browser and go to the sign-in or set-up page: https://www.gov.uk/log-in-register-hmrc-online-services 
  2. Click on the green "Sign In" button, which will lead you to: https://www.access.service.gov.uk/login/signin/creds 
  3. Scroll to the bottom of the page and click on "Create sign in details."
  4. Enter your email address, where a confirmation code will be sent.
  5. Check your email for the confirmation code and enter it to confirm your email.
  6. Once your email is confirmed, enter your full name.
  7. Create a password.
  8. Provide a recovery word in case you forget your password.
  9. Your Government Gateway ID will be created.
  10. Set up additional security by opting to receive an access code every time you log in.
  11. Complete the identity verification process using one of the following documents: UK ID, P60, payslip, tax credit, or voice ID.
  12. Enter your personal details, including your first and last name, National Insurance number, and date of birth.
  13. Provide the required information from the selected authentication document. For example, if you choose a payslip, you must provide your national insurance, PAYE, and passport details.
  14. Once your identity is confirmed, you can start using your account.

When will HMRC start replacing Government Gateway accounts with the One Login?

From May 2024, HMRC began rolling out GOV.UK One Login for the new individual taxpayer. The rollout of agents and companies will be communicated later. According to HMRC's latest reports, over 1.5 million people are already using the platform. 

As of 2 August 2024, the services that are operational and available to users include — 

How do I access my GOV.UK One Log in online account?

Create your GOV.UK One Login or Sign in

To access your online tax portal, follow the steps below -

  1. Go to the official sign in page - https://signin.account.gov.uk/sign-in-or-create 
  2. Click ‘Create your GOV.UK One Log in’. 
  3. To access an existing account, click on sign in below the green button. 
  4. You will be required to provide your email address, where an email confirmation code will be sent. 
  5. Check your email for the confirmation code and enter it to confirm your email.
  6. Once your email is confirmed, enter your full name.
  7. Create a password.
  8. Provide a recovery word in case you forget your password.
  9. Your GOV.UK One Login ID will be created.

Over time, One Login will replace all other ways to sign in to services on GOV.UK, including Government Gateway.

How do you verify your identity for One Login?

As the name suggests, the UK government will provide all government digital services through one login system. The user will only be taken through identity verification once, and thereafter access multiple services without needing additional verification.  

To verify your identity for One Login using the GOV.UK ID Check app, follow these steps:

  1. Start on the Government Service:
    Begin on the government service you are trying to access. You’ll be guided to the app when necessary.
  2. Avail an appropriate photo ID:
    You can use a UK photocard driving licence, UK passport, non-UK passport with a biometric chip, UK biometric residence permit (BRP), UK biometric residence card (BRC), or UK Frontier Worker permit (FWP).
  3. Download the App:
    • For iPhone users, ensure your device runs iOS 14 or higher. An iPhone 6s or newer is needed for a UK driving licence, and an iPhone 7 or newer for other photo IDs.
    • For Android users, ensure your device runs Android 10 or higher. 
    • Search for the app in the App Store or Google Play if you are on your phone. 
    • If using a computer or tablet, scan the QR code displayed to download the app. 
    • Ensure you’re not using private browsing or incognito mode in your web browser.
  4. Link the GOV.UK ID Check app to GOV.UK service you need:
    You will need to link the two together to help determine whether you are the same person who signed in to a government service with One Login in step 1. 
    • Tap ‘Continue’ when you open the app and accept any sign in prompts.
    • On the ‘Link this app to GOV.UK’ screen, tap the ‘Link app to continue' button.
  5. Scan Your Photo ID:
    • For a UK driving licence, place it on a dark, matte background to avoid glare. Place the entire licence inside the white frame, hold it steadily, and the app will take an automatic photo. 
    • Ensure your passport has a biometric chip. Take a photo of the passport, scan the chip, and scan your face using your phone.
    • For a BRP, take a photo of the BRP, scan the chip, and scan your face using your phone.
  6. Face Scanning:
    Use your phone’s front-facing camera, align your face with the oval on the screen, look straight ahead, and keep still during the scan.

What are the benefits or changes expected with the introduction of One Login?

According to the government, One Log in will change how people access government services by providing a single, unified platform for all interactions. 

Here are three key advantages that make this streamlined system a game-changer for users and the government.

  • Simplified Access: One Login streamlines the process of accessing government services by requiring just one account, one username and password, and one identity check. This eliminates the need for multiple accounts and reduces the hassle of remembering different sign in credentials.
  • Cost and Time Efficiency: Consolidating the various sign in methods into a single platform will save over £700 million and significantly reduce the time and effort required for both users and government departments. Currently, there are around 191 different ways to set up accounts and 44 different sign-in methods, which are costly and inefficient.
  • Wide Adoption and Ease of Use: By 2025, over 100 public services, covering most central government services, will use One Login. The One Login app, which allows users to quickly, easily, and securely verify their identity using their smartphone, has already been downloaded two million times and successfully used by over 1.5 million users.

When will HMRC begin migrating users to One Login?

HMRC began migrating users to One Login in Spring 2024. Initially, they focused on new users without a government service account and some existing customers. At the same time, they are onboarding government agencies and services, raising awareness about the new system and highlighting its benefits in streamlining processes for service providers.

How will the migration process be carried out for Gateway users?

HMRC still needs to detail the exact migration process. Only new taxpayers can access the service while existing users are asked to wait until later. Over the next few months, individuals, businesses, and agents will likely receive prompts to complete identity verification on One Login. The migration will be gradual, with increasing volumes over time, and is expected to be fully completed by the end of the 2024/2025 tax year, which is March 2025. Users may also proactively request to use the service during this period.

Contact details for Government Gateway  

For business or personal tax account queries, please contact HMRC at 0300 200 3600. If you are calling from outside the UK, use +44 161 930 8445. Their phone lines are open Monday through Friday from 8 a.m. to 6 p.m. and are closed on weekends and bank holidays.

In a hurry and just want some advice?

Our friendly team are on hand to help, get in touch today

Call us at

+44 (0) 207 566 3939

Email us at

info@capital-office.co.uk

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