Company Formations

Form your new company quickly online with Wisteria Formations

Wisteria's company formation service allows you to incorporate your company instantly for as little as £24.99. Wisteria can continue to support your business with a host of optional professional services:

Company Name Checker

Find out if your company name is available?

  • Accountancy & business advice
  • Business plans
  • Tax advice
  • Company secretary
  • Registered office and mail forwarding
  • VAT registration / PAYE registration
view our company registration video

Simple process with videos to guide you

Wisteria Formations allows you to register a company instantly in 10 easy steps. View our company registration video to learn more.

We are one of the leading UK Company Formations agents and we are part of Wisteria Chartered Accountants so you can be safe in the knowledge that our formations service is quick, reliable and trustworthy.

When it comes to Company Formations we provide the best value for money.

For only £24.99 our Company Formations service has all of these benefits:

  • It's Quick - Your company is immediately incorporated online.
  • It's Easy - Our 10 simple, video guided steps make the process really easy.
  • No Red Tape - We work directly with Companies House on your behalf to form your company.
  • Peace of Mind - As part of Wisteria Chartered Accountants, we are regulated by ICAEW.
  • Free Telephone Support - For all our customers from our London offices throughout the formation process.
  • No Hidden Costs - What you see is what you get.

Company Formations with Wisteria could not be more simple. We have a video guided process that explains each step in detail as you go:

  • Step 1 - A few details about yourself (phone no. / email etc)
  • Step 2 - Search for free to see if your desired Company Name is available
  • Step 3 - Tell us who the directors of your company are
  • Step 4 - Provide us with details of the Company Secretary (if applicable)
  • Step 5 - Assign shares in your company (normally to yourself and directors)
  • Step 6 - Provide us with some details of the directors
  • Step 7 - Provide us with the address of your registered office
  • Step 8 - Optional step to create a bank account for your new company
  • Step 9 - Optional step to select services to help your new business such as book-keeping, accountancy, tax planning, business plan writing, etc.
  • Step 10 - Payment for your Company Formation

"I would just like to say how fantastic Wisteria have been for me as well, you have all really helped so far and I will be recommending you in the future."

Mr Jamie Dawson, director of High Peak Claims Limited

"I also wanted to give a compliment on your services. We are so grateful and happy. You have been great! Thank you so much Wisteria Formations."

Mr Giovanni Suarez, director of Clickmart Trading Limited

"Thank you very much for your quick and professional service. I will recommend your company to all my friends in the future."

Mr Harold Honde, director of BIM Architecture Limited

"I do want to record how prompt and professional your service has been, and say that I would have no hesitation in recommending Wisteria to anyone looking to set up a business."

Mr Dennis Kerslake, director of Ferryboat International Limited

"Many thanks for your fantastic services in setting up my company. I am 100% happy with everything you have done for me, the speed and customer service were second to none… I would not hesitate to recommend you to my clients and contacts"

Mr Steve Sharrard, director of Snap Management Consultants Limited

"It was all so easy. It is such a well designed website. In minutes I had completed the forms. The next day I had printed Certificates of Incorporation in my hand."

Mr Robin Chapman

"I have to say I am impressed by your swift and proactive assistance."

Mr Louis Mann, director of The International Mortgage and Finance Company Limited

"A huge thank you to you for helping to make this process as simple as possible and for your professional and friendly support throughout ...you've been great!"

Mr Paul Gorman, director of Paul Gorman Consulting Limited

"Many thanks for your prompt and excellent service to register the company successfully and efficiently."

Mr Laxman Patel, director of Online-Foodmart Limited

"Thanks for your excellent service."

Mr Ayoubkhan Pokkakkillath, director of Pravasi Croydon Limited

"I have really enjoyed the process of setting up shop with Wisteria and that your firm definitely gets my thumbs up seal of approval. I will surely be recommending you to future start-ups."

Ms Alicia Dudek, director of 4Pie Research Limited

"your service was great and the price was equally as good"

Mr Andrew Mayze

"I was pleasantly surprised by how easy the company registration was online - I would definitely recommend it."

Mr Tim Liddle, Director of StructureIt Services Limited

"I will have no hesitation in recommending Wisteria to others."

Mr Keith Ainsley of Ainsley Bespoke Limited

"I will not hesitate to recommend your company to anyone else who may be looking to set up."

Mr Adrian Pollock, Director of ARP Building Consultancy Limited

"You guys do a great job and I have been giving you good reviews on Twitter"

Mr Philip Hendy

"Thank you for all your professional assistance. I will certainly be retaining Wisteria Formations with reference to our future administrative business requirements."

Mr Paul Robinson-Troake, Director of Zoosoup Limited

"You have been a great help and I will be happy to recommend your service to other colleagues and friends."

Ms Harbinder Sondhi, Director of Blush4U Limited

"May I also please state that your formation service was very easy to follow, much easier than any I have previously used and I will be recommending it and using it to my clients."

Mr Steve Sharrard, director of Snap Management Consultants Limited

"A very efficient service … If I ever need your services or get the opportunity to recommend you I will make sure to do so."

Mr Conor McCabe, Director of Value Added Vouchers Limited

"Excellent service and one I will not hesitate to recommend."

Mr Philip Carruthers, Director of Philip Carruthers Limited

"Thank you very much for your prompt and excellent service… really very impressive."

Mr Ola Fakeye, Director of World Solutions Enterprise Limited

Company Formations Tips and Articles

Closing and Dissolving a Company

14th April 2014

The best way to close a limited company and dissolve it depends on whether or not the bills can be paid. If a company can pay its bills, it is solvent. In this case, the cheapest way to close it would be for the directors to strike it off voluntarily. If a company cannot pay its bills it is insolvent. If the company is insolvent, formal insolvency procedures may be required. A company is said to be liquidated when the company uses its assets to pay off its debts and any money left goes to shareholders. A company is liquidated if it cannot pay off its debts or the company can pay its debts but decides to close it down.

Once a company has been incorporated, if the director of the company decides to close it down and dissolve it, an application to strike off the company can be made under Section 1003 of the Companies Act 2006. However, the company needs to meet certain requirements to be able to use this method. The requirements a company needs to meet before closing it down include:

  • The company should not have traded in the last three months.

  • The name of the company should not have been changed in the last three months.

  • It should not be subject to any legal proceedings, either current or proposed.

  • It should not have made a disposal for value property or rights in the last three months.


If the above requirements are met by the company, the company’s directors are able to apply to strike off the company by filing a DS01 Striking-off application form with Companies House. In order to dissolve in this manner the company should not be insolvent.

It is important to inform HMRC if the company is going to be dissolved or stops trading because HMRC can help the company to get tax and National Insurance in order. Additionally, the company should ensure that all debts have been settled, otherwise a creditor may object to the dissolution. Similarly, the company should not hold any assets when it dissolves, as any assets left within the company after dissolution will become bona vacantia (property of the Crown).

Unlike choosing to strike off and dissolve a company, liquidating a company is not usually done on voluntary basis. Often a company is liquidated when it cannot pay off its debts and this leads to the complete closure of the business.

If you have any questions or queries related to company secretarial services or company formations please email formations@wisteria.co.uk or call us on 0844 893 0808.
Funding for New Businesses

10th April 2014

After a company has been incorporated, there is usually a period where the new business will have to invest a large amount of time, effort and money before it starts to make any profit. During this period usually a lot of research is undertaken to ensure that the company understands the market and customer preferences. Once the company is aware of the market trend, it is important to consider the sources of funding.

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Funding is the process of providing money for starting the operations of a new business by an individual, organisation or government. There are a wide range of sources of funding including crowdfunding, invoice financing, investment finance, loans, grants, overdrafts and leasing and asset finance. The most suitable source of funding depends on the nature of the new company and what the funding is needed for. For example, grants tend to be one-off payments to fund specific costs and are available to businesses that are just starting out. Overdrafts are a form of short-term financing that can be useful to cover short-term fluctuations in the cash flow. Loans are generally for buying fixed assets for the business at the development stage.

Funding is especially important for start up companies in the early stages of development. The two basic types of funding for small businesses are debt financing and equity financing.

Debt financing is when a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individuals or investors. The advantages of debt financing are that the lender has no control over the business, the interest that is paid is tax deductible, and it is usually easy to forecast expenses because loan payments do not fluctuate. However, there is a downside to debt financing as well. Debt is a bet on the future ability of the business to pay back the loan and it is an expense that needs to be paid on a regular basis.

Equity financing can be complicated compared to debt financing. It can mean that the company needs to form a relationship with interested venture capitalists and it involves offering shares of the company to investors. It is process of raising capital through the sale of shares in an enterprise. Equity financing can have advantages as well. Generally speaking the investors take the majority of the risk because if the company fails it does not have to pay the money back. Additionally there are no regular payments needed as there are with loan repayments. The downside of equity funding is that you will have to give the investors a part of the company. As a result the original shareholders will often have to share any future dividend payments with the new investors and the new investors may have voting rights that they are able to use any time decisions affecting the company are made.

If you have any questions or queries related to accounting, company formations or company secretarial services  please email formations@wisteria.co.uk or call us on 0844 893 0808.
Back Office Services

7th April 2014

The back office of a company provides administrative and support services. These services range from settlements to record maintenance and regulatory compliance. Even though back office services do not directly take part in the business it is important to ensure all the services are running efficiently because the day-to-day tasks that are managed by the back office have a direct impact on the success of the business. The back office services are generally not seen by the customers and can vary depending on the sector of the company.

Important documentation

Back office services can be outsourced to consultants and contractors, even in a different country. It is important to find efficient and reliable solutions to day-to-day problems for running a successful business. Outsourcing back offices services is usually beneficial for small businesses where it is not practical to have in-house staff or premises operating in the UK.

Businesses can benefit from outsourcing their back office services as this allows the director to stay focused whilst knowing that the back-office administration is in safe and reliable hands. It also allows small and medium sized firms to benefit from the economies of scales and expertise that large companies have access to meaning that the company can minimise their administration costs for in-house operations. A further benefit is that it reduces management’s involvement in non-core activities.

Wisteria offers back office services, these include receiving and processing post, receiving, logging and banking payments or cheques received, sending out letters or marketing materials, scanning and storing high quantities of paperwork, secure document archiving and data entry.



If you have any questions or queries related to back office services, company formations or accounting services please email info@wisteria.co.uk or call us on 0208 952 0140.
Why is bookkeeping important?

26th March 2014

Once a company has been incorporated, the directors will have to consider a number of important matters such as legal and practical issues and ensure that all of the accounting and tax requirements are fulfilled. Companies have strict requirements with regard to their financial record keeping and preparation of their accounts.

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Bookkeeping is one of the various accounting services that is important while running a business. Bookkeeping is the recording, on a day-today basis of the financial transactions and information pertaining to a business; it is part of the process of accounting. Bookkeeping is necessary because it ensures that records of individual financial transactions are accurate, up-to-date and comprehensive. The various transactions include the purchases, sales, payments and receipts of the company. A bookkeeper is responsible for ensuring that all the transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger.

The two main methods of bookkeeping are single-entry and double entry bookkeeping systems. Single-entry system relies on a one sided accounting entry to maintain financial information. A double-entry system is based on the principle that every transaction has two parts and follows a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts.

Bookkeeping is important because it enables for balanced budgeting or financial planning, can provide a basis for setting the right objectives and strategies for the business and helps give a clear idea of the financial position of the company. Bookkeeping is the systematic and chronological recording of transactions and events.

If you have any questions or queries related to company formations or accounting services please email formations@wisteria.co.uk or call us on 0844 893 0808.
Service Address and Registered Office Address

20th March 2014

While incorporating a company the director needs to give the details of their residential address, service address and the registered office address of the company.

The residential address is where the director is currently living. The residential address will not be made publically available and is only used by Companies House where they need to contact the directors directly. The residential address is protected information. If the residential address changes, Companies House must to be notified.

The service address is recorded with Companies House and is available for public records. It can be the same as the residential address the registered office address or an entirely different address. Since the service address is publically available, the director should choose it with careful consideration. The service address can be changed if necessary at a later date by filing a change of director details form. This address is where documents are usually delivered to the director’s directly and an acknowledgement or receipt can is provided if required.

The directors need to provide the residential address and the service address, whereas the shareholders and the company secretary need to provide only the service address.

The Registered Office Address is the legal address of a firm that is entered in the official register of the Registrar of Companies. All government and court communication is usually addressed to the registered office. For the incorporation of a new company, it is essential to have a registered office address.

While forming a company through Wisteria Formations, if you do not wish to use your own home address or if you are a Non-UK resident who does not have a UK address, you can use our Registered Office Service. If you choose to use this service, the Wisteria office address will be the company’s publically available address. This way your personal residential address will be safe and private and our company address will appear instead.

If you have any questions or queries related to the Registered Office Service or any questions related to company formations please email formations@wisteria.co.uk or call us on 0844 893 0808.
Annual accounts, Annual returns and Corporation tax

17th March 2014

Annual accounts are financial reports of a limited company that are prepared at the end of the financial year. They need to be submitted to Companies House. The company’s first accounts are due 21 months after the incorporation of the company. The next accounts are due within 9 months from the next accounting reference date. The accounting reference date is usually the last day of the month that the company was incorporated in. If the accounts are filled late, Companies House imposes a fine depending on how late they were filed. If the accounts are not filed at all, then Companies House could decide to dissolve the company.

An annual return is a snapshot of certain company information at the made-up date. The first made-up date is a year after the company has been incorporated and subsequent annual returns are then completed at least once a year. The annual return, confirms the company’s details such as the shareholders and officers of the company. If details such as the address or share capital changed during the year. This should be updated when the event occurs. The annual return therefore confirms all of these changes that have happened throughout the year. Any share transfer and the company’s SIC code are only updated within the company’s annual return. The first annual return needs to be filed within 1 year and 28 days of the incorporation of the company. If the annual return is filed late, Companies House will first notify that the document is overdue and in most cases will eventually decide to dissolve the company if the document remains unfiled.

Corporation tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. It is imposed for a financial year and is charged on the profits derived from an accounting period. An accounting period will begin at the time that the company first comes within the charge to corporation tax because it has begun to trade, acquired a UK source of profits or become UK tax resident. All companies are required to submit their company tax returns along with their accounts to HMRC and make payments of the relevant tax.

It is important to file the company’s annual accounts, corporation tax return and annual return. This can be done by appointing an accountant and a company secretary who will help to complete and file the accounts before the due dates.

If you have any questions or queries related to accounting or company formations or company secretarial services  please email formations@wisteria.co.uk or call us on 0844 893 0808.
What is the Company Secretary’s Role?

7th March 2014

A Company Secretary is a company officer, who shares legal responsibilities with the directors for certain tasks required by the Companies Act 2006. The role of the company secretary can encompass all areas of a company’s activities; this depends on the size and nature of the company. A secretary will be liable in the same way as the directors for their own acts and defaults. The company secretary is mainly responsible for the company’s administration.

A company secretary’s duties and liabilities usually derive from their status as officer, agent and employee of the company, each of which carries its own legal duties. The company secretary activities can be divided into three important categories, these include ensuring proper board procedures, ensuring the company’s compliance with relevant legislation and codes of conduct and the company secretary is usually the main point of contact for shareholders.



The company secretary has a wide range of duties to cover. The main duties of a company secretary are administrative duties that include filing documents at Companies House, maintaining internal books and registers, certifying share transfers and issuing share certificates, arranging company’s insurance, taking minutes at board meetings and communicating with shareholders. The managerial and advisory role includes advising directors on their legal obligations, corporate governance and a number of technical areas.

In many companies the company secretary may authorised to sign contracts related to the administrative and managerial and advisory services mentioned above. The director of a private limited company can be the company secretary if they are willing to take up the responsibility or they can choose to appoint a company secretary. In a public limited company it is compulsory that a company secretary who is suitably qualified for the role is appointed. Suitable qualifications include being a member of the Institute of Chartered Secretaries and Administrators or the Institute of Chartered Accountants in England and Wales. The company secretarial service is offered by various companies in the UK.

Like a director, a secretary usually has a dual role of officer and employee. It is possible to remove them from the office whilst their employment continues, but the two roles often end together. Removal of an individual from the office of company secretary need not necessarily require termination of employment.

If you have any questions or queries related to company secretarial services or company formations please email formations@wisteria.co.uk or call us on 0844 893 0808.
What is PAYE and Payroll?

27th February 2014

The ‘Pay As You Earn’ system is used to collect the appropriate income tax and National Insurance contributions (NICs) for companies with employees. It obliges employers to:

  • Calculate and deduct the correct amount of tax

  • Pay the amount due by the deadline

  • Keep detailed records for each employee


Failure by an employer to operate PAYE, even where specific instructions have not been received from HMRC, is likely to result in a liability for the tax and NICs that was withheld. It is the employer’s duty to determine whether an individual, whom they are paying, is an employee.

The nature of the PAYE regime previously was that there could be many months’ delay in a change occurring and that the change was eventually reflected in a change to an employee’s tax code. This could in some circumstances lead to underpayments of PAYE and NICs for the year. Due to this limitation a new system called, Real Time information (RTI) was introduced. The new system collects information on PAYE deductions each time an employee is paid.

While incorporating a new company, the director must consider implementing a PAYE scheme. The employer must register with HMRC when the company employs someone. The registration usually takes place online and the new employer may also want to enrol for HMRC’s PAYE online service.

It is the employer’s duty to operate PAYE from the first instalment of pay. The system that facilities PAYE is called the payroll system. Payroll refers to the list of employees of a business and the amount of compensation that is due to each of them. It is the sum total of all compensation that a business must pay to its employees for a set period of time or on a given date. The name, address, National Insurance number and the bank account numbers are the key elements in a payroll system.

Payroll can be completed internally either by electronic software or written manually. This is usually managed by the accounts department. For small-businesses, the owner usually takes care of the payroll. Some companies outsource this service too. The company can benefit from outsourcing this service, as the directors can then concentrate on other important matters of the business.

If you have any questions or queries related to PAYE, payroll or company formations please email formations@wisteria.co.uk or call us on 020 8951 6347.
VAT – Do I need to register?

18th February 2014

Value added tax (VAT) is an indirect tax on transactions. It is a consumption tax that is charged on taxable supplies of goods and services made in the UK, by a taxable person, in course of a business. It is also charged on goods and services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. A business that makes supplies of goods or services outside of the UK, is usually outside the scope of UK VAT, but should consider registration on a voluntary basis if those supplies would have been taxable if made in the UK.

Helping hand



VAT registered persons are those companies, individuals, partnership or legal bodies carrying on business, that are required to be VAT registered. Businesses are liable to register for VAT based on the retrospective turnover test or the forecasted future turnover test.

  • Under the retrospective test, a business is liable to register for VAT if, at the end of any month, the value of its taxable supplies in the last twelve months has exceeded £79,000.

  • Under the forecast test, a business is liable to register if at any time there are reasonable grounds for believing that the value of the business’s taxable supplies will exceed £79,000 in the next 30 days. The VAT registration threshold from 1st April 2013 is £79,000 and this VAT limit is normally increased each year to negate the effect of inflation.


If your company hasn’t registered for VAT, it cannot add the 20% VAT on to the products and services you sell. VAT registration can benefit the company because it may appear more credible to larger businesses that it trades with and could give the company a more professional image. Once a company registers for VAT, it may be possible to claim a significant amount of VAT on equipment if it is just starting up.

Depending on the goods and services the business provides, there are three rates of VAT i.e. standard (20%), reduced (5%) and zero (0%). There are also some goods and services that are exempt from VAT and outside the UK VAT system completely.

Once a business is registered for VAT, it may apply for deregistration if the value of its supplies during the last twelve months has fallen below the deregistration threshold of £77,000.

For more information, please visit: http://www.vat-registration-threshold.co.uk/

If you have any questions or queries related to VAT registration or company formations please email formations@wisteria.co.uk or call us on 0844 893 0808.
Shareholders’ Role and Rights in a Limited Company

14th February 2014

A shareholder is an individual or a company that owns at least one share in a company. Sometimes, a shareholder can be referred to as to a stockholder. Shareholders have the potential to make profits when the company performs well, but their liabilities are limited to the amount that they have invested in the company. They are considered to be the owners of the company. Often the greater the shareholding of an individual within the company, the greater their rights and power will be.

Shareholders usually have rights attached to their shares. The rights and powers of shareholders are derived from statute and the Articles of Association of the company. These rights include the right to vote and attend the general meetings, to share the company’s profits by receiving dividends, to transfer ownership, to sue for wrongful acts and to inspect the relevant corporate books and records. The shareholders also have the possibility to amend the Articles of Association to limit the directors’ powers by passing a special resolution to that effect. Shareholders have the right to require the company to circulate a statement before a general meeting to the other shareholders regarding any matter to be considered at the following meeting. The rights ensure that a balance is maintained between the board’s general management of the company and the shareholder’s control over certain decisions.

Shareholders delegate day to day management powers to the board, whilst reserving certain important powers to themselves to retain ultimate control. Shareholders can play a vital role in the investment decisions of the company and in the decisions that affect the future of the company. They can direct the directors to take or refrain them from taking particular actions. The shareholders are responsible for removing a director or appointing a new director to the board. They need to participate in the decisions relating to alterations to the constitution or the shareholders’ rights. They play an important role in decisions involving major transactions or remuneration and other benefits. Shareholders are entitled to a number of rights and need to ensure that they perform their roles effectively and efficiently.

In many cases and particularly for private limited company and start-ups, the shareholders and directors may be the same people. This therefore brings together the role of the shareholder and role of the director. If you have any questions or queries related to the role of shareholders, limited companies or company formations please email formations@wisteria.co.uk or call us on 0844 893 0808.

Choosing Your Company Name

Once you have decided on a company name that you like, there are some factors that should be considered when deciding whether it is suitable to use it or not.

Existing names and "Passing off"

Before submitting your application to Companies House you should check that there isn't someone already registered with the name you want or a similar name. If you are forming your company with Wisteria Formations when you fill in your company name the system will automatically check whether it is free or not. If there is already someone with the same name you will be unable to incorporate using that name and will need to think of a different one.

If you want to check whether there is already someone registered with a similar name you can do this using the Companies House WebCheck service. If you register your company and there is already someone with a very similar name, they could take legal action against you claiming that you are "passing off" as them.

Sensitive words

When you are forming your company you should also be aware that there are some words that Companies House deems sensitive. There are restrictions on such words meaning that you may be required to supply additional information to be able to use them. In some cases this is proof that your company will be acting in the way that the name describes, e.g. proof that you are working on a global scale if you have 'international' in your name, or you need approval from a certain establishment if you want to have the word "dentist" in your name. Before you proceed with your formation, make sure you have the proof required if necessary.

Website

Most companies will want a website after they have been set up. Make sure that the URL (website address) that you want is available before you form your company otherwise you may need to change your name or your first choice of URL.

Trademark

Just registering as a limited company will not completely protect the use of your brand. You do have some control over someone having a similar name, but not over your image and logo. By having a trademark or copyright you ensure that you can take legal action if you find someone is using your name or logo. If you wish to obtain a trademark you will need to seek further advice from a patent attorney following your incorporation.

ALL THIS FOR
£24.99
  • Limited company
  • Electronic Memorandum & Articles of Association
  • Electronic certificate of incorporation
  • Electronic company register
  • Bank account (if you need)
  • Free consultation with a tax adviser or chartered accountant
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Wisteria Formations are an authorised Companies House presenter for Company registrations.