Holding Company is a company that usually confines its activities to owning stock in and supervising management of other companies. A holding company usually owns a controlling interest in the companies whose stock it holds. In order for a corporation to gain the benefits of tax consolidation, including tax-free dividends and the ability to share operating losses, the holding company must own 80% or more of the voting stock of the company. A company may own one or more other companies which are its subsidiaries. The relationship between parent and subsidiary depends on majority control of the voting rights of shares or the ability to appoint the majority of directors. The precise definition of a holding company is in section 736 of the Companies Act 1985.
In June 2002 the UK government introduced a capital gains tax exemption for UK companies with substantial shareholdings in another company. The new rules have now been clarified and apply to UK registered companies, foreign registered companies resident in the UK for tax purposes, as well as UK branches of companies registered outside the UK. If you want to become familiar with the description and the contents of UK holding companies formation packages, offered by Coddan CPM LTD and to find above, what kind of service is included in this or that holding companies incorporation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the holding company registration within United Kingdom, please, select the package you need from the list, situated below the banner.
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Offers company formation, ready-made company registration for UK limited companies. Online United Kingdom Company Registration Services. Company Formations & Company Registration, a Limited Company registration with Coddan Company online registration Services. Your company. Starting, running, closing your company. Lodging changes to company details, offers advice on starting a business, as well as company formation, business stationery and cards, web site templates, and domain registration services. We also incorporate, legally structure, administer and manage limited companies and business entities on behalf of our clients in most recognized jurisdictions Internationally and Offshore.
Limited Liability Partnerships (LLPs) Business Company Formations have considerable expertise in advising on and setting up LLPs. International Business Companies (IBC's) We can incorporate, administer and manage IBC's on behalf of our clients in tax benign recognised jurisdictions Internationally and Offshore. Company Secretarial Our company secretarial service is renowned as being one of the most fully comprehensive company secretarial service for private limited companies either on an annual consultancy basis or an ad-hoc company secretarial basis. Directors Disqualification Proceedings Business Company Formations can provide assistance to directors targeted by the Office of the Director of Corporate Enforcement (OCDE) for alleged unfit conduct and disqualification.
Insolvency & Corporate Recovery Advice to insolvency practitioners on Directors' responsibilities and the disposal of assets. Document Legalisation Services Coddan have in place arrangement for the legalisation of documents either through Supreme Court, Embassy, and or the British Foreign & Commonwealth Office (FCO). Translation services where required are also available. Trademark Registration Services We provide search, preparation and assistance with Trademark filing services in most recognised jurisdictions. Legal Forms & Stationary Coddan provide a range of legal forms and legal stationary products.
Coddan CPM LTD - specialists in United Kingdom, Scottish and Irish business start up advice, resources and solutions. With Coddan your business start up idea can literally become a reality in hours! We offer everything a business incorporation or growing business needs right from free advice through to electronic company formation & company registration, Irish company formation, Scottish company formation, business stationery/business cards, website templates, domain registration, compliance software, virtual offices, accountancy, financial services, trademark registration, marketing, e-commerce plus much more.
British company formations should be quick and painless - whether you are an accountant for whom company start-up is a frequent activity or an individual ordering your first company registration. We were the first incorporation agent in the world to offer a complete online UK company incorporations service and we continue to refine our ordering system, which has been widely praised for ease of use. If you want to become familiar with the description and the contents of limited companies filing packages, offered by Coddan CPM LTD and to find above, what kind of service is included in this or that British companies registration package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within United Kingdom, please, select the package you need from the list, situated below the banner.
The information in the banner will be renewed according to the package you've chosen.
This is our most popular package with UK residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Economy Package
£ 82.00
Annual Maintenance Fee £50.00
This is our most popular package with EU residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company registration is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Annual Return and Annual Account reminder The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Premier Package
£ 131.95
Annual Maintenance Fee £99.95
This is our most popular package with small business, and includes: The submission of forms detailing your company's executive director The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company incorporation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees Applicant appointment of director for company (appointed electronically) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee company secretary service for 12 months (next year - £49.95) Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company Register
Deluxe Package
£ 256.95
Annual Maintenance Fee £224.95
This is our most popular package with overseas residents, and includes: The filing and registration of your company in England The registration of your £1,000 authorized share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee Company secretarial service for 12 months (next year - £49.95) Coddan provides a company nominee director service for 1 year (next year - £125.00) The name of the nominee director & secretary will appear as a public record Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company' Register A pre-signed, undated letter of resignation from the nominee director A General Power of Attorney signed by nominee director An indemnity Letter for General Power of Attorney A nominee service agreement which provides for the indemnification of the nominees
Name Protection
£ 22.00
Annual Maintenance Fee £60.00
The purpose of this package: This package allows you to register a company name with Companies House and thus prevent this name being used to form a company by anyone else This package includes: The registration of a non-trading limited company with your choice of name Payment of UK legal and initiation fees A nominee director A nominee secretary A nominee shareholder A registered office address Management of the company: Coddan will file the annual return and dormant company accounts on your behalf for an annual fee of £60.00 If you do not wish to renew the management option at the end of term, the company will be dissolved
Business Start-Up: Legal Requirements
Company subscribers may be residents outside the UK You must appoint a minimum of ONE Director There is no maximum number of Directors Directors can be corporate bodies or private individuals A Director can be of any nationality Directors need not be formally trained All companies must appoint a company Secretary Secretaries can be corporate bodies or private individuals A Secretary can be of any nationality. If there is only ONE Director he or she CANNOT also be the Secretary A company must have a minimum of one shareholder who may be a corporate body or an individual No minimum paid up share capital A minimum of one share may be issued Capital may be denominated in any currency Shareholders and directors meetings may take place outside Great Britain The company is required to have a registered office in the UK
No. Several regulations can affect your choice. For example, all company names must end with the words: "Limited", "Unlimited", "Public Limited Company", or their abbreviations or Welsh equivalents. Certain companies may apply for exemption from using 'Limited'.
COULD MY CHOICE OF NAME BE REJECTED?
Yes, if: it is "the same as" a name already on the index. It includes the words "limited", "unlimited" or "public limited company" anywhere except at the end of the name. This applies equally to abbreviations or the Welsh equivalent of the words. It is offensive. Its use would be a criminal offence. In addition, some names need the approval of the Companies House before they can be registered. These include names which contain words prescribed by regulations and names which suggest a connection with central or local government. If these categories are avoided, you can normally have your choice of name.
Important Links
Coddan is one of the foremost and most economical providers of limited companies formation and new business entity registration services in the UK. Coddan is a leading company set-up agent that has expertise in off the shelf companies, ready-made companies, own name company formation as well as company search, credit checking, company secretarial, accounting and bookkeeping, tax advice & charity registration. Simple cost effective limited company set-up. No paper forms to complete, all information provided electronically. Coddan offer a range of services for business, including business company set-up, virtual office services, mailing address, and company secretarial services.
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WHAT DOES "THE SAME AS" MEAN?
When deciding whether a name is "the same as" another name, the Registrar ignores punctuation, the company's status, "the" at the start of the name, and words like 'company' (or 'co')", 'and' (or '&'). A name that sounds the same as one already on the Company Names Index may be accepted if the two names are spelt differently. For example, if the name "hands limited" is already registered, then the following would be rejected: Hands Public Limited Company (or PLC); H and S Limited (or Ltd); H & S Limited (or Ltd); any of the above, with the addition of 'Company' (or 'Co'), 'and' (or '&').
You should be aware that if you adopt a name which misleads the public into believing that your business is that of another business - for example, trading as a department store under the name "Harrods" - then you may face a legal action for "passing off" by the person whose business you have affected. Registration of a name by Companies House is no guarantee that you are safe from such an action.
WHICH NAMES NEED APPROVAL?
Names which need approval are those which include words or expressions set out in statutory regulations and names which give the impression that the company is connected with HM Government or with a local authority.
Names that suggest a banking activity. Following the repeal of the Banking Act 1987, company names that include bank, banker, banking or deposit no longer need approval. However, using words that suggest a banking activity implies that the person using the name is carrying on a banking business and is therefore accepting deposits - a regulated activity under the Financial Services and Markets Act 2000.
Therefore, the person would normally need to be an 'authorised person' or to have exemption under the Act. Use of a banking name by a person who is neither authorised nor exempt under the Act could be material to whether an offence has been committed under section 24 of the Act. A person may, however, be able to establish that the way that he carries on his business means that those who deal with him would not understand him to be an authorised person.
WHAT ARE 'SENSITIVE WORDS AND EXPRESSIONS'?
These are words and expressions that, when used in a company name, may imply business pre-eminence, a particular status or a specific function. For this reason, they have been prescribed in regulations as requiring the approval of the Secretary of State. The aim is to ensure that use of the word is justified so that the public is not misled by the name. Companies House act on behalf of the Secretary of State in dealing with applications for approval of such words and expressions.
WHAT TYPES OF WORDS AND EXPRESSIONS ARE SENSITIVE?
The following words imply national or international pre-eminence:
British: Approval of this word in your company name will depend on how it is used. Normally the Secretary of State would expect the company to be British owned. You would need to show that the company is pre-eminent in its field by providing supporting evidence from an independent source such as a Government department or a trade association. If the word "British" is qualified by words that do not describe an activity or product, for example by using a "made-up" word, then evidence of pre-eminence is not necessarily essential. But you would be expected to show that your company is substantial in relation to its activity or product and that it is eminent in its own field.
England, English, Scotland, Scottish, Wales, Welsh, Ireland or Irish: If you wish to use these words as a prefix to your company name, the rules are similar to those for "British". You will usually be given approval to use any of these words as a suffix if you show that the company has its main place of business in the country concerned. If you want to use one of these words because it is a surname, you will usually be given approval if the company name includes forenames or initials.
General Advantages of UK Private Limited Companies:
1. Liability is, in the vast majority of cases, strictly limited to the investments made by the shareholders. 2. Company Officers are not personally liable for their actions unless there is a clear and serious breach of their fiduciary duty. 3. Limited companies often benefit from greater prestige than their sole proprietorship or partnership counterparts. The reason is because such an enterprise normally requires more planning and thus is deemed more credible. 4. Limited companies often benefit from significant tax advantages. In fact, many countries around the world give exclusive tax incentives to this type of entity. 5. The rights of shareholders are normally clearly defined and protected. 6. Corporate taxes only become payable after the end of the financial year. This means money that would otherwise be taxed on a monthly or quarterly basis, is available to earn further interest before the final payment of tax. 7. You need only appoint one Director and one Shareholder. 8. Directors can be corporate bodies or private individuals. 9. A Director can be of any nationality. 10. All companies must appoint a company Secretary who can be of any nationality.
European: Names which include this word will not be approved if they unjustifiably imply a connection with official bodies of the European Union. If there is a genuine connection with an official body, the name may be allowed if the appropriate body supports the application.
Great Britain or United Kingdom: If you wish to use these expressions as a prefix, or to use "of Great Britain" or "of the United Kingdom" as a suffix, then the criteria are the same as for "British". If the words are used as a suffix to the name, they are normally allowed without difficulty. Using the initials "GB" or "UK" in your company name does not require approval.
International: If you wish to use this word as a prefix, you need to show that the major part of the company's activities is in trading overseas. If you wish to use it as a suffix, then approval will usually be given if you can show that the company operates in two or more overseas countries.
National: The criteria for use of this word are the same as for "British".
The following words imply business pre-eminence or representative or authoritative status:
Association, Federation or Society: If you wish to use one of these words, your company would normally be limited by guarantee. Each member should have one vote and the constitution should contain a non-profit distribution clause. This provides that any profits should be used to further the objects of the company and not be paid to the members as dividends.
Authority, Board or Council: If you want to use any of these words, you should ask us for advice.
Institute or Institution: Approval for use of these words is normally given only to those organisations which are carrying out research at the highest level or to professional bodies of the highest standing. You will need to show that there is a need for the proposed institute and that it has appropriate regulations or examination standards. You will need evidence of support from other representative and independent bodies. The criteria are fully explained in the questionnaire you will receive when you apply for a company name that includes one of these words.
The following words imply specific objects or functions:
Assurance, Assurer, Insurance, Insurer, Re-Assurance, Re-Assurer, Re-Insurance or Re-Insurer: If the name is needed for an underwriting company, Companies House will normally seek further advice. However, if you want to use the name for a company that will only provide insurance services, then you should include the appropriate qualification, for example "Agents", "Consultants" or "Services", in the name.
Benevolent, Foundation or Fund: Names that include any of these words will normally be refused if they imply that the company has charitable status. If the company is limited by guarantee and has a non-profit distribution clause in the memorandum of association, then the name will normally be approved.
Chamber of Commerce, and/or Trade and/or Industry and/or Training and Enterprise: If you wish to use a name that includes one of these expressions, Companies House will consult the Association of British Chambers of Commerce before considering whether to give approval. Charter or Chartered: Names that include these words will be refused if they unjustifiably give the impression that the company has a Royal Charter. If the words are used to qualify a profession, Companies House will seek the advice of the appropriate governing body before considering whether to give approval.
Charity: Approval for a name including this word normally depends on the company being registered with the Charity Commission. A company's objects should be charitable and the Memorandum should contain a non-profit distribution clause.
Co-operative: Any company wanting to use this word should normally be limited by guarantee with each member having one vote, and include a non-profit distribution clause in the memorandum of association. However, a company limited by shares may also be permitted to use "co-operative" in its name in some circumstances. In either case, Companies House may ask you to provide more detailed information before giving approval.
Friendly Society or Industrial and Provident Society: Companies House will refer names which include these expressions to the Registrar of Friendly Societies for advice.
Group: If use of this word implies several companies under one corporate ownership, then you will need to provide evidence of association with two or more other British or overseas companies. If the name clearly shows that the company is to promote the interests of a group of individuals, then the name will normally be approved.
Holding(s): A company wishing to use this word must be a holding company as defined under section 736 of the Companies Act 1985.
Patent or Patentee:A name including either word will only be approved if it does not contravene the Copyright, Designs and Patent Act 1988.
Post Office: Companies House are likely to seek advice on applications that include these words.
Register or Registered: Companies House treat every application for use of these words on its merits. Generally, Companies House will seek advice from the appropriate governing body if names that include these words are linked with a professional qualification. The name will not be registered if it unjustifiably implies a connection with HM Government or a local authority. If such a connection actually exists, the name may be allowed if the appropriate body supports the application.
Sheffield: If you wish to use a name that includes the word "Sheffield", Companies House will need to establish details of the company's location and its business activities. Companies House will also consult the Company of Cutlers in Hallamshire.
Stock Exchange: Names including this expression will normally be refused unless there are special circumstances.
Trade Union: Names including this expression will normally be refused unless they conform to legislation relating to trade unions.
Trade Union: Names including this expression will normally be refused unless they conform to legislation relating to trade unions.
Trust: The word "trust" can be used in many different senses. Each application is dealt with on its merits but the main uses of this word are as follows: Charitable Trust - these companies need to have charitable objects and a non-profit distribution clause in the Memorandum of Association. You will be asked for confirmation that you have made, or will make, an application for registration as a charity with the Charity Commission. Scottish companies wishing to use the expression "charitable trust" will need to apply to the Inland Revenue in Edinburgh as the Charity Commission has no jurisdiction in Scotland.
Educational Trust or Artistic Trust - such companies should have a non-profit distribution clause in the Memorandum of Association and the name should reflect the nature of the trust. The promoters should be of high standing in the field. Enterprise Trust - these companies must have a non-profit distribution clause in the Memorandum of Association and they must be able to provide evidence of support from, for example, local authorities, businesses or banks. Family Trust - such companies must be non-profit distributing and the objects must reflect the nature of the trust.
Names of family trusts will usually be approved if the name as a whole identifies the company as such. Financial Trust or Investment Trust - if you wish to use these expressions, you will need to provide a written assurance that substantial paid-up share capital or other funds will be achieved within a reasonable period after incorporation. Pensions or Staff Trust - the names of such companies must include the name of the pa
Guidance & FAQs
FAQs: Company Names
£ 32.00
This is our most popular package with UK residents, and includes:
The submission of forms detailing your company's executive officers
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