This article details the information required during the process of establishing a company in Company Formations
Requirements:
- Company Name: Ensure a unique and appropriate name for your company. See Sensitive Company Names for guidance.
- SIC Codes: Provide the Standard Industrial Classification (SIC) codes relevant to your business activities. These can be found on Companies House website here. You can select up to 4 codes.
- Registered Email Address: A valid email address for official correspondence.
- Company/Member Addresses: Include all necessary addresses for the company and its members.
-
Directors and Shareholders: At least one Natural director (over 16 years old), one Shareholder, and the correct Persons with Significant Control (PSCs).
-
-
-
- Director - is an individual appointed to oversee and manage the operations of a company.
- Shareholder -is an individual or entity that owns shares in a company. By holding shares, shareholders essentially own a part of the company.
- PSC - refers to an individual who holds considerable influence or control over a company. Specifically, a PSC can be someone who:
-
-
-
-
-
-
-
-
-
-
- Owns more than 25% of the company's shares.
- Holds more than 25% of the company's voting rights.
- Has the power to appoint or remove the majority of the board of directors.
- Exercises significant influence or control over the company or a trust or firm that meets one of the above conditions.
-
-
-
-
-
-
**PSC's are required to be registered and disclosed to ensure transparency in the ownership and control of companies**
-
Security Questions: Companies House requires electronic authentication and uses Security Questions for this, which can be any 3 of the below:
-
-
-
-
- First 3 letters of mother's maiden name
- First 3 letters of father's first name
- First 3 letters of town of birth
- First 3 numbers of telephone number
- Last 3 digits of National Insurance number
- Last 3 digits of the Passport number
-
-
-
-