Category Archives: Company Formation

Unexpected Rise in EU Citizens starting businesses in the UK post Brexit

As a company formation agent we monitor trends in UK limited company formations. From our previous research we knew that around 11% of the directors of newly formed UK companies are EU citizens. We were therefore keen to discover what effect Brexit would have on UK company formations numbers. We were pretty sure that we […]

New UK Company Rules – Confirmation Statements

From today (30th June 2016) limited company Annual Returns are being replaced by Confirmation Statements. Previously all limited companies were required to file an Annual Return each year. Annual Returns were a separate requirement from the financial accounts. The Annual Return was a statement to Companies House to outline the current structure of the business […]

PSC Registers – What are the new company formation rules?

 What is PSC? There are a number of changes for UK limited companies being introduced today (30th June 2016). One of these is the introduction of person with significant influence or control (PSC) registers. A person with significant influence or control is an individual who: owns more than 25% of a company’s shares holds more […]

BREXIT UNKNOWNS: Will EU downgrade the UK to “third country” status due to weak anti-money laundering regulation?

In the light of the recent Panama Papers leaks there has been a lot of concern about the use of limited companies for money laundering and tax avoidance. David Cameron has pledged to crack down on the abuse of limited companies but there are still serious weaknesses in the UK systems. The EU Commissions 4th […]

Clamp Down on Public Sector use of Personal Companies

George Osborne announced a new clamp down on the use of “personal service” limited companies in today’s budget. “Personal service” companies are where a person who is working as a freelancer, consultant or agency employee forms their own limited company and uses it to bill their employer. The employees can work the funds coming through […]