First Online Community Interest Company (CIC) Registration at Companies House

TheCompanyWarehouse.Co.Uk has become the first formation agent in the UK to register a Community Interest Company (CIC) electronically with Companies House. The new online process has been introduced as part of an ongoing programme of improvements designed to streamline the company registration process. What is a CIC? A Community Interest Company (CIC) is a type …

Advantages and Disadvantages of a Franchise

Rather than carrying out a company formation to start a new limited company, people often buy into an established franchise to get started in business. But what are the advantages and disadvantages of a franchise? Advantages of a Franchise As a business structure, a franchise can certainly be an appealing option. With a number of …

76% of UK Businesses Don’t Employ Anyone

The latest figures from the Office for National Statistics (ONS) show that the trend towards self-employments, contracting and freelance work is continuing. The latest figures for 2015 show that there are 5.4 million businesses in the UK. 1.3 million of them employ more than one person but the remaining 4.1 million businesses don’t employ anyone …

Umbrella Company Vs Own Limited Company

What is an Umbrella Company? An umbrella company is quite simply a large limited company which operates as a kind of agency on behalf of contractors from various industries. In most situations, a contractor will be a self employed person who will do short or long terms periods of work for various companies, rather than …

What is a PSC for limited companies?

With UK limited companies there are two completely different answers to the question “what is a PSC for limited companies?” The two definitions of PSC you might encounter are: Personal Service Company – a company setup for one individual to get paid for a contract or agency work. Person with Significant Control – normally the …

Changes to PSC Notification for Limited Companies

From today – 26th June 2017 – the way PSC notification works is changing. All limited companies will now have to update their PSC register, and Companies House, whenever there is a change rather than just doing it at the end of the year. When a change to PSC is made limited companies will have …

New rules on limited companies for nurses and NHS staff

The government have introduced new rules on limited companies for nurses, doctors and other NHS staff. They are trying to reduce the number of people in the NHS using personal service companies (PSC) to get paid. They are doing this by changing tax rules around IR35 and how it gets assessed.   Why the government …

Post Brexit Director Population Report – London

We recently reported the unexpected rise in EU citizens being appointed directors of UK limited companies. We had expected to see a dramatic drop in the number of EU citizens forming UK companies post-Brexit, so were surprised to see them increasing. In order to better understand what is happening with EU citizens forming UK limited …