Cost of incorporating a Limited Company |
£18 per company |
First company free. £18 per company from the second company. |
£14 or more per company |
Service |
Good |
Superior |
Usually Superior |
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Company Documents:
- Certificate of Incorporation
- Articles of Association
- Memorandum of Association
- Share Certificate
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Available for free on BeanBalance for unlimited downloads. |
Most companies will provide you with your company incorporation documents for free |
Safe and Secure |
100% Safe and Secure |
100% Safe and Secure |
NA |
Time taken to incorporate a limited company |
1 to 6 Work Hours |
1 to 6 Work Hours |
1 to 6 Work Hours |
Companies House filing deadlines |
Only shows companies house filing deadlines not HMRC deadlines for your company. Anyone can access this information for free, but it is not always that easy to understand. |
BeanBalance will show you a free, customised for your company, online timeline which displays all the important deadlines for your company. Since the Timeline is customised for your company it is very helpful and easy to understand. |
Most formation companies don't show or remind you of statutory filing deadlines with companies house and HMRC as most of the time this is taken care off by Accountants. |
HMRC filing deadlines |
Does not display deadlines for HMRC, only Companies House filing deadlines are displayed. |
The HMRC deadlines will also be displayed on your customised timeline. (See above). Due dates for filing your self assessment tax return will also be shown on your timeline. |
Formation companies don't usually provide you with HMRC deadlines. Your accountant will provide you with this information. If you don't appoint an accountant then it is the Director's responsibility to ensure documents are filed on time to avoid penalties getting charged. |
Ease of use |
Information for more than two million companies are stored on this goverment website. The Companies House website has a lot of functions and it stores a lot of information.
It was not built specifically for company incorporations. Because of this the site could be confusing to use for some users. |
BeanBalance was designed to make the incorporation as well as retrieving of all your company information as easy as possible.
We only incorporate standard 'Company Limited by Share' limited companies with model Articles of Association. This should be sufficient for the vast majority of clients, and it greatly simplifies the incorporation process. |
Generally Formations companies websites are created with the user in mind to make it as easy as possible for users to navgate and retrieve their information on the site.
However, most formation websites allows you to incorporate different company types with maximum flexibility. This can become very confusing if you don't know exactly what you want or what the consequences for selecting a specific option will be. |
Assistance in opening a business bank account |
Does not provide any service or help with opening of a business bank account, but you will receive all the Incorporation documents needed form Companies house to open a business bank account of your choice. |
You’ll be able to print off all the documentation required to open a UK business bank account directly from BeanBalance. You are not restricted to open a business bank account with any specific bank. BeanBalance do however highly recommends HSBC, as they’ve been found, from our experience, to provide the best service.
You’ll be able to request a call-back from an HSBC representative who can assist you in opening your business bank account straight from BeanBalance. |
Most formations companies do give you the option of opening a business bank with the bank you prefer, but it is important to check this before you sign up. |
Will I be bombarded with marketing emails selling other products once my company is incoporated? |
Companies House is a Government body, you will not be receiving any marketing emails from them. |
No, BeanBalance will not pass on your contact details to third parties and will not send you marketing emails selling other products like mobile phone contracts, insurance etc.
BeanBalance do offer Accounting Services, but we will only contact you if you specifically requested this service. |
Formation companies usually make money by cross selling other products. If you don’t want your inbox taken over by marketing spam, make sure you can ‘opt out’ of any marketing emails before signing up with one of these companies. |
