How much does it cost to register a limited company at Companies House?
Online incorporation via Companies House costs £50 and is usually processed within 24 hours, often the same day. A same-day guaranteed service costs £78. Paper applications cost £71 and take longer. There is no requirement to use a solicitor or formation agent — you can register directly at companieshouse.gov.uk.
What is a SIC code and how do I choose the right one?
A Standard Industrial Classification (SIC) code describes the nature of your business. You must enter at least one SIC code when incorporating. You can select up to four codes. Use the Companies House SIC code list to find the most accurate match. Getting this wrong is not a serious error — you can update it in your next confirmation statement.
What are model articles of association and do I need to change them?
Model articles are the default rules governing how a company is run, covering meetings, voting, and share transfers. They are set out in the Companies Act 2006 (Model Articles) Regulations 2008. For a simple company with one or a small number of shareholders, model articles are suitable and you do not need to change them. Bespoke articles are only necessary for complex structures.
Can a limited company have a sole director and no other shareholders?
Yes. A private limited company can be incorporated with a single director who is also the sole shareholder. Since April 2008, there is no longer a requirement for a company secretary. A sole director of a private company can make decisions without holding formal meetings, unless the articles require otherwise.
What is the PSC register and who must be on it?
The People with Significant Control (PSC) register records individuals who own more than 25 per cent of shares or voting rights, have the right to appoint or remove a majority of directors, or otherwise exercise significant influence over the company. Details must be filed at Companies House and kept up to date. Failure to maintain a PSC register is a criminal offence.
What HMRC registrations do I need after incorporating a limited company?
You must register for Corporation Tax within three months of starting to trade. If you take on employees you must register as an employer for PAYE. You should register for VAT if your taxable turnover exceeds £90,000 in a rolling 12-month period (2024 threshold). You can register voluntarily below that threshold. Registrations are done via HMRC online services.
What ongoing filing obligations does a limited company have?
Every year you must file a confirmation statement (previously annual return) confirming your company details are up to date — the fee is £34 online. You must also file annual accounts with Companies House and a corporation tax return with HMRC. Micro and small companies have simplified accounts options. Deadlines are typically nine months after your accounting reference date.
What are my duties as a director under the Companies Act 2006?
The Companies Act 2006 codifies seven director duties: to act within powers, to promote the success of the company, to exercise independent judgement, to exercise reasonable care and skill, to avoid conflicts of interest, not to accept benefits from third parties, and to declare interests in transactions. Breach of these duties can result in personal liability.
Does any part of the limited company registration process require a solicitor?
No. Companies House online incorporation is a straightforward self-service process. Model articles are provided by default. HMRC registrations are all online. A solicitor is useful for complex shareholder agreements, service agreements, or where intellectual property is being transferred into the company, but is not required for simple incorporation.
How does uplaw.ai help with setting up a limited company in the UK?
Tell us about your business, your ownership structure, and your plans. We help you choose your SIC code, understand whether model articles are right for you, prepare a basic shareholder agreement, and work through your HMRC registration obligations — all without a solicitor.
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