What is a dormant company? A dormant company is defined differently depending on whether it’s being used by HM Revenue & Customs (HMRC). If you’re registered as a limited company, you might think that you don’t need to do anything special to make sure that your company isn’t considered dormant. But there are some things…
A public limited company is often considered the best way to raise capital through an Initial Public Offering (IPO) or an Initial Public Offerings (IPOs), or even a Secondary Public Offering (SPO). This type of company offers shareholders greater voting rights. They also pay dividends on profits. However, there are many disadvantages as well. For…
A limited company is a legal entity used to protect shareholders’ assets and liabilities. A limited company is different from a sole trader because it has separate directors, officers, shareholders and accounts. This means that a limited company must file annual returns with Companies House. These filings include information such as the name of the…
An SH01 is an official form that gives notice about newly-issued shares. When a company issues new stock, it needs to file an SH01 form with Companies House. This form must be filed annually. The form includes information such as the name of the issuing company, the number of shares being issued, the date of…
The Enterprise Investment Scheme (Eis) allows companies to raise funding without having to go public. This video explains how you can use it to raise money for your business. How the scheme works The Enterprise Investment Scheme (EIS) is one of the most popular investment schemes in the UK. In fact, it is open to…
A limited company is a legal entity set up by people called directors. A director is someone who owns shares in the company and is responsible for running it. Directors are usually shareholders too, although some companies are owned entirely by one person. Limited companies are different from sole traders because they have to register…
The end of the financial year is fast approaching. If you run a limited company, you’ll need to file your annual return by 31 December. This includes filing your accounts, which must include your balance sheet, profit and loss account, cash flow statement, and directors’ statements. You can do it yourself, or use the help…
The process of selling a limited company is quite complex. It requires planning, patience and knowledge. If you want to sell your limited company, it is important to know how to do it properly. This article explains why selling a limited company is different than selling other types of companies. If you decide to sell…
The term “dormant company” refers to a situation where a company does not pay corporation tax because it is no longer active. This could happen due to a number of reasons, such as lack of capital, lack or management expertise, insolvencies, etc. Corporation Tax Act 2006 states that a company becomes dormant if it fails…
A limited company director is someone who is responsible for the day-to-day running of the company. They are usually appointed by shareholders, although there are some exceptions where companies appoint directors themselves. A limited company director must be over 18 years old, and cannot hold another position within the same company. There is no limit…