Company Formations

Parkes & Co offer you full support and guidance in forming your own company, every step of the way.

Whether you are an intermediary representing a client or employer, or an entrepreneur setting up for the first time, you can rest assured that you are in safe hands. We have a team of experienced and friendly staff on hand to answer all your business related questions and advise you on the best options available. At Parkes & Co we maintain a strong customer service ethos, which is why we provide a full range of both pre and post company formation services.

Our services include ...
  • 'Tailor made' company formations to suit your needs.
  • HMRC Corporation Tax Registration
  • Business Banking introductions and assistance.
  • Knowledgeable and friendly staff on hand to deal with all of your enquiries.
Company Formations Provided ...

Ready Made Companies

If you require a company with a few months or years existence already behind it, a ‘ready made’ or ‘aged’ company is for you.

Parkes & Co provide ‘readymade’ and ‘aged’ companies with a Company Registration Number which can be used immediately. These companies have been maintained over a period and are fully compliant with Companies House filing requirements, including annual returns and dormant company accounts. All of our ‘readymade’ and ‘aged’ companies are supplied with a Certificate of Non-Trading. This provides you with peace of mind against the existence of any unknown liabilities.

Our ‘readymade’ company package includes ...

  • Certificate of Incorporation
  • Five bound copies of Memorandum & Articles of Association
  • Statutory Registers
  • Certificate of Non-Trading
  • Stock Transfer Form
  • First Board Minutes

Limited by Guarantee Companies

A company limited by guarantee is a specific type of incorporation used primarily for non-profit organisations that require corporate status.

This type of company does not have share capital, instead it has members who are guarantors instead of shareholders. The liability of its members are limited by the memorandum to such amounts as the members may respectively undertake to contribute to the assets of the company in the event of it being wound up.

Such companies are widely used for schools, professional and trade associations, clubs and charities.

Limited Liability Partnerships

A Limited Liability Partnership (LLP) is similar to an ordinary partnership in that a number of individuals or limited companies, known as the ‘Members’, share in the risks, costs, responsibilities and profits of the business. The difference is that liability is limited to the amount of money they have invested in the business and to any personal guarantees they have given to in order to secure finance. This means that members have some protection if the business runs into trouble.

A Limited Liability Partnership (LLP) does not have a share capital or a set of Memorandum and Articles of Association. Instead, the Members of the Limited Liability Partnership can choose to put in place a Limited Liability Partnership Agreement that binds all the members. This document is not required to be sent to Companies House and is therefore not available to the public. Parkes & Co can produce a Limited Liability Partnership Agreement tailored to your requirements.

Limited Liability Partnerships are treated in the same way as ordinary partnerships as members are taxed as individuals on the amounts taken from the Partnership’s profits rather than as shareholders, becoming liable to Corporation Tax on the dividends paid to them.

Limited Liability Partnerships are commonly used by professional practices such as accountants, lawyers, architects, doctors, etc.

Parkes & Co provide a comprehensive limited company formation package which includes ...

  • Name clearance
  • Certificate of Incorporation
  • Limited Liability Partnership (LLP) Agreement
  • First Minutes of the Members

Right to Manage Companies

The Common hold & Lease hold Reform Act 2002 came into effect on September the 30th 2003 and provides a right to leaseholders in flats to force a transfer of the landlord’s management functions to a company of their own - a 'Right To Manage Company', or RTM. This empowers leaseholders, subject to the satisfaction of certain criteria, to take responsibility for their property’s management and is not simply there to allow the removal of any control from a landlord. The right is only open to leaseholders of Flats, and does not cover Houses.

Public Limited Company

The key difference between UK public limited companies and UK private limited companies is that a UK public limited company may offer to sell its shares to the public.

A PLC cannot start business until it has a Certificate, issued by Companies House authorising it to proceed. The Certificate is proof that there is at least £50,000’s worth of shares in issue when the application was made, with at least twenty five percent of each of the shares making that figure paid up in cash.

Community Interest Companies

A Community Interest Company (CIC) is a limited liability company with the specific aim of providing benefit to a community. This type of company can be adopted by a range of social enterprises and ‘Not for Profit’ projects serving communities throughout the UK, which combine the pursuit of a social purpose with commercial activities.

A CIC can be either limited by shares of limited by guarantee. If limited by guarantee, then the CIC must be non-profitmaking.

No matter what type of business you want to start, large or small, Parkes & Co will assist you through this process, ensuring that you make the right choice for you and your enterprise.

For more information please contact us today

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