CRB Coform

FAQ's

The Company Name

You will need a name for the company; one which isn't already in use. (Note, there are certain sensitive words which cannot be used or have to be justified. For example, ‘group’, ‘holdings’, ‘British’ etc. Ask us for advice if you are unsure).

Names can be checked at http://ws6info.companieshouse.gov.uk/info/ or we’ll be happy to check them for you if you prefer. Email us at enq@coform.com

We are open Monday to Friday 9am to 5pm UK time but emails are very often answered outside these hours.

The Registered Office Address

Your company must have a registered address in England or Wales (or Scotland if you are registering a Scottish company). This is the legal address of the Company. It will be recorded at Companies House. It cannot be a PO Box. It should not be confused with the ‘trading address’ (the address at which you conduct your business) although they can both be the same address. Note, we can provide a Registered Address service if so required.

Director & Company Secretary

A Director is a person responsible for the day to day running of the limited company. There must be at least one Director. Company Secretary is an optional administrative position (often the Company Secretary is the spouse or partner of the Director). We can provide a Nominee Company Secretary if required. Note, to incorporate the company we will require the following information about each Director and the Company Secretary. Full name, home address, date of birth and nationality. We will also ask you to answer three simple security questions for each person.

Shareholder(s)

There must be at least one shareholder holding at least one share. Shareholders own the company and employ the Directors to run it. However, in practice they are often the same person(s). If you are the sole shareholder, you own 100% of the Company and your personal liability is ‘limited’ to the total value of the shares you hold. (For example, if you own a single £1 share, your liability is £1. If you own a thousand £1 shares, your liability is £1,000). If two or more persons own shares, they are joint owners of the company. Ownership is determined by the percentage of shares held. For example, two shareholders with one share each own 50% of the Company each. We require the following information about each Shareholder: Full name & address, date of birth and nationality. We will also ask you to answer three simple security questions for each person.

Timescale

Once you have placed your order and your payment has cleared, your company will usually be formed within 3 working hours

Bank Accounts for UK residents

We have forged links with many of the main UK banks and we would be happy to put you in touch with someone who will open a business bank account for you quickly and efficiently. Experience has taught us that this is not always the case if you visit a ‘high street’ branch so this option may save you time!

Note, banks initially prefer to make contact by phone so we will need your ‘daytime’ phone number. All banks operate slightly differently; some will invite you in for a meeting and some will deal with you by phone and post. However all will expect you to visit a local branch to show your identification documents in person at some stage.

Notes for Overseas Directors

It is no problem for persons resident outside the UK to be Director, Company Secretary or Shareholder of a UK Limited Company. However, all UK Limited Companies must have a Registered Address in the UK. Note, in ALL cases, UK banks will can only set up accounts for a limited company with overseas Directors if they visit the UK bank in person. There is no way to circumvent this rule.

Credit Problems and Bank Accounts

Contrary to popular belief it is often no problem to arrange a business bank account for persons with adverse credit history. However, each case is treated on merit and depends on the circumstances of the problem. Please contact us for advice, giving us an idea of the scale of the problem and naming any banks with which you have any adverse credit.