Registering Your Own Dormant Company
Each newly formed limited company is automatically deemed to be dormant until it starts trading. A business starts trading once it buys or sells goods/services.
You may wish to register your own dormant company, perhaps to protect your company name or just set up ready to trade in the future.
The process for setting up a dormant company is the same as registering any limited company.
What Is a Dormant Company?
A dormant company is a limited company that has previously been registered with Companies House but for one reason or another has never traded and therefore has no significant accounting transactions.
In most cases a dormant company is registered in order protect a company name or get a business ready for the future.
Starting a New Dormant Company
If starting a new dormant company is for you, then simply enter your chosen company name into the search box (remembering to include “Limited” or “Ltd”) and hit enter.
We’ve got a range of packages to choose from, but if you’re looking to keep things simple and you are ready to start trading straightaway you may be eligible for our FREE company formation!
Dormant Company Checklist
What Do You Need To Do?
After company registration, if you plan to keep your company dormant, you simply need to ensure that your company dormant accounts and annual confirmation statement are filed on time.
Our dormant accountancy service is ideal for ensuring your company is legally compliant and submits the proper accounts even before you begin trading.
It is also a good idea to let HMRC know that you will not be trading with the business. This can be done when you start your company and receive a CT41G form directly from them.
Alternatives to registering a dormant company
Historically, we have registered a number of companies this way and offered them as vintage Companies for transfer – allowing us to offer a fast, simple registration service which gives new business owners the chance to benefit from the advantages of previously registered companies over brand new ones.
These benefits include:
- Creditworthiness – dormant companies with properly submitted accounts which have been registered for a certain period of time are more likely to have a better credit rating and find it easier to acquire investment.
- Trustworthiness – older companies are likely to be seen as more trustworthy by potential customers and the public.
- Much MORE!