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A dormant company is a company that has previously been fully registered with Companies House but for one reason or another has never traded and therefore has no significant accounting transactions. Most commonly a dormant company was established as a non-trading company by us in to protect a company name and to offer a fast, simple registration service and allow people to take advantage of the benefits attached to already registered companies over brand new ones.
At The Company Warehouse we recognised the value of maintaining the registration of the dormant company, rather than striking it off the register. When someone wishes to acquire a company that will not be objected to, is already registered and is therefore secure, this dormant company package meets their needs.
The purchase of a dormant company is a simple process. The dormant company’s documents and statutory registers are already held at Companies House and therefore they will need updating with your information.
Obviously the dormant company is already registered with a company name. You can choose to keep that name or change the company name to one of your choice – as long as it is available.
Using our service to purchase a dormant company to meet your business needs you get the following:
The Company Warehouse has a wealth of dormant companies available for purchase. The process is quick and easy and due to the fact that the dormant company is already registered with Companies House means that the company is more secure and far less likely to have any sort of objection filed against it than a newly formed company.
If using a dormant company doesn’t seem like it would be a sensible choice for your business, then there are alternatives. The first and most obvious is to carry out a new company formation. Creating a company you can call your own from scratch means you can take advantage of our limited time offer of FREE Company Formation. Ordering online means that your company will be formed in a matter of hours, will very little hassle. We draft all the necessary documents on your behalf and register your new company with Companies House. Then all you have to do Is start trading.
If you are looking into forming a dormant company in order to reserve a company name then you might be better advised to carry out a non-trading company formation. This will allow you to create a dormant company and protect interests without having to actively trade.
To find our more about dormant companies take a look at our blog article “What is a Dormant Company” or contact a member of our specialist dormant company team on 0800 0828 727.
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