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When setting up a new business, there are several important decisions that will shape its financial future, and right at the top of this list are the insurance policies you choose to invest in. You don’t need insurance to incorporate a business, but once you begin actively training or hiring...

Yes, it is perfectly legal to start a business under the age of 18 if you live in the UK. If you want to make money off something you have a particular talent for, or you want to dedicate your spare time to running a start up, there are no...

What is a shareholder? A shareholder is an owner of a business limited by shares. When someone owns shares in a company, they own a percentage of that business. The number and type of shares they hold will usually determine: How much of the company they own How much profit...

A Standard Industrial Classification code (SIC code) is a five digit numerical identifier used to describe the main activities of a business. Every UK limited company is required to provide at least one SIC code when incorporating or filing certain company documents. The purpose of the code is to give...

The term ‘dormant company’ can mistakenly suggest a complete pause in business operations with no obligations and no paperwork. In reality, that assumption can lead to costly mistakes. Even if your company is not trading, it still exists on the public register maintained by Companies House. This means there are...

When a company is removed from the Companies House register, this is known as company dissolution. This can be done voluntarily or involuntarily where a business is struck off the register for failing to meet Companies House filing deadlines. Once a company is dissolved, it no longer exists in a...

Setting up a limited company in the UK is marketed as quick and straightforward, and technically, it is. In many cases, you can incorporate within hours. But that speed is exactly why mistakes happen. Beneath that simplicity sits a series of administrative, legal, financial and structural decisions that many first...

In November 2025, Companies House launched its new identity verification policy. Verifying your identity is now compulsory and all new and existing directors and PSCs must complete this process or risk being struck off the public register. 99p Company Formations have kept across this change in policy so our existing customers...

Choosing a business name is one of the first and most meaningful steps in building a new venture. It reflects who you are and how customers will recognise you even as you grow and develop. However, when selecting a business name in the UK, you must meet certain legal requirements...

Making the move to a limited company often happens at a point of growth, when a business is gaining traction or planning for the future. However, many founders find themselves navigating unfamiliar legal terminology and decisions about ownership or governance at this stage of the process. Taking the time to...