3 months free accountancy available with every registration
No document fees, no companies house formation fees, the cost to you really is just 99p!
Authorised e-Filing Agent
Have the reassurance of using an authorised Companies House e-Filing agent.
Use our registered office address for your company for £9.99 - 1st year included!
Quick & Easy Formations
Simple-step forms for company formation.
Our Banking PartnersFast-track the set-up of your business bank account, including charge free periods.
12 months free banking with service level guarantee.
Fast response - most accounts opened within 3 hours.
By NatWest - A better way to do business banking.
The business account and tax app for your small business.
Register a company in 4 easy steps
Begin by searching for your company name to see if it is available for registration.
Read through and accept some very simple requirements.
Just fill in your company and director details and leave the complex stuff to us.
Submit your application and your company formation will start immediately.
See what our customers have to say
Tried to incorporate my company using companies house forms but it was way too long and confusing. 99p Company Formations made it very simple and my company was set up and ready within 2 days. Walton Accountancy have helped so much, explained everything and made being a Ltd. company really easy. Fabulong Ltd.
Quick, easy and only 99p! A lot easier than other formation agent websites I’ve seen. Took me less than 5 minutes to complete the forms – Brilliant! Juniper Electrics Ltd.
Really happy with the service. No hidden costs, easy forms for registration and received my incorporation certificate and documents via E-mail the next day. Partnered with Walton Accountancy who have helped me out a lot, couldn’t recommend more! Steel Mech Ltd.
Why Should I Form A Limited Company?
A Limited company is a legal entity. It can make its own financial commitments and pays tax on its profits. A director’s or shareholder’s personal liability is limited to the value of the shares that they own.
A Limited company presents a more professional image to your customers, and once registered, your sole right to use that company name is protected in law.
Agencies and contractors usually insist that their sub-contractors operate as a Limited company, or through an umbrella company. Operating as a Limited company is far more tax efficient, whereas operating under an umbrella company is effectively PAYE.
Recent legislation (IR35) creates a set of rules to judge if self-employment is being used as a way to avoid employment taxes. Operating as a Limited company establishes an ‘arms length’ relationship, so that you can be treated as a supplier and not an employee.
A Limited company can operate a small payroll for the director(s), which is both a tax allowable expense to the company, and within the tax-free personal allowances of the director(s).
Directors are paid through a combination of salary and dividends. Salaries are usually set within the personal tax-free allowance. The first £2,000 of dividends per director are tax free and thereafter are taxed at 7.5% up-to the higher rate tax threshold.
Director(s) are not self-employed, they are employees of their own Limited company. This way, a full class 1 national insurance contribution record can be maintained at very low cost.
Being the director of a Limited company carries responsibilities and obligations. Accounts must be filed at Companies House (public record), and the costs of compliance are higher than those for a sole trader, however, these costs are more than offset by the tax savings made.
Please don’t form a company just because you like the name and it is only 99p. Owning a company brings responsibilities, duties and costs. Be sure that you understand what a director’s responsibilities are. If you would like to discuss this with us before registering, please contact us by telephone and we will be more than happy to explain.