Get into the habit: Sync Data with Companies House

It doesn’t matter if you have one company under your control, or hundreds – you want the information that’s displayed on your Company Formation MadeSimple account to be 100% correct and up to date. Here’s where the ‘Sync Data with Companies House’ option comes in. Continue reading

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Moving your registered office across the UK – Video

The act of moving a limited company’s registered office is simple. Login to your account, click on your company name and then update it from there – the change is normally made within 3 working hours.

The tricky bit can be knowing where you can move your Registered Office to. For example, did you know that if your registered office is in Scotland, you can’t move it to England?

That’s why we created this video. Watch it to find out where you can, and where you can’t move your limited company’s registered office to in the UK.

Watch it now:

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By Mathew Aitken at MadeSimpleFind Mathew on Google+

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Shares and Shareholders: 5 Quick Company Formation Tips

All UK Private Limited Companies must have at least one shareholder – so it’s an important appointment to get right (and to get it right first time as errors made at the formation stage aren’t easily fixed). Here are some pointers to make sure you get off to the perfect start:

Make sure you have the correct information

You require the following information for each shareholder appointment:

  • Name – keep in mind when opening a new business bank account the shareholder name needs to match that on the passport or driving license
  • Address – this can be any address that the shareholder has permission to use (it doesn’t need to be the registered office or residential address)
  • 3 pieces of security information – we ask for the shareholder’s eye colour, town of birth and telephone number

You can appoint another business as a shareholder Continue reading

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Company Formation for Professionals: How do I remove companies from my account?

If you form multiple limited companies on behalf of other people, sooner or later you may 
want to delete some of these companies from your account. Here’s how to do this:

  1. Log in to your Company Formation MadeSimple account
  2. Select ‘My Companies’
  3. Locate and click on the company that you would like to remove
  4. Select the the ‘Quick Links’ option on the top-right of your screen
  5. Select ‘Delete company from system’
  6. Type in the reason that you’re removing the company (optional), tick the two confirmation boxes and then select ‘Delete’

The company will then be removed.

If you have any questions about this, leave a comment and we’ll be in touch.

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By Mathew Aitken at MadeSimpleFind Mathew on Google+

Posted in Company Formation for Professionals | 2 Comments

5 Business Lessons Every Entrepreneur can Learn from the Great British Bake Off

great british bake off business lessons

Yes you heard (well, read) us right. If you think The Great British Bake Off is all about burning buns and tasting tarts then think again! Hidden within these well known bake off innuendos are some business lessons you can takeaway.

Bake Off-ism: Beware of the soggy bottom
Business Lesson: Don’t be afraid to fail

If you haven’t failed a lot, you probably aren’t going to win a lot! Being an entrepreneur definitely has its lows as well as its highs. There will be times that you will hit rock (or soggy?) bottom, but successful entrepreneurs should not be put off by failure.

Richard Branson:

“Every entrepreneur usually fails several times before succeeding, and the important thing is to keep getting up and trying again.”

Bake Off-ism: Slap those baps down
Business Lesson: Do things with motivation and determination

Being an entrepreneur can be lonely so self-motivation is key. You need to do something that inspires you without having to be influenced by others. Being able to self-motivate will allow you to slap those baps down with determination when times are tough.

Bake Off-ism: Watch out for irregular shaped balls
Business Lesson: Think outside the box

Paul (where would we be without you Paul?) may have been warning the Bake Off contestants about irregular shaped (pastry) balls, but let’s spin it on its head and turn it into a business lesson!

Being a successful entrepreneur means it’s vital that you keep your eyes open for unusual business opportunities (and products & services) that challenge the status quo. No regular shaped balls for us here please Paul!

Zappos the online retailers are a great example of a company that regularly challenge the norm. Their CEO (the legendary Tony Hsieh) states on their website:

‘Sometimes our sense of adventure and creativity causes us to be unconventional in our solutions (because we have the freedom to think outside the box), but that’s what allows us to rise above and stay ahead of the competition.’

By doing something that is not expected you can make yourself stand out from the crowd and your competition.

Bake Off-ism: Do your best to get an extra inch
Business Lesson: Use knowledge and experience to stay one step ahead.

This cheeky remark from Mel is not only great advice for baking, but also when trying to make it in the start-up world. Do everything you can to give yourself the best possible chance by ensuring that you have enough knowledge and experience on your team. Simon Woodroffe, the founder of Yo Sushi, said in an interview with Startups that his one piece of advice to would-be entrepreneurs is:

‘Find someone who has done it before and get a mentor.’

Learning from someone else’s mistakes is better than learning from your own!

Bake Off-ism: Keep an eye on your jugs
Business Lesson: Keep an eye on your finances

Another cracking piece of advice from Mel; keep an eye on those jugs (ie finances). Any experienced entrepreneur will tell you that starting and running a business always costs more money than you expect. If you are not on top of your finances, you are not going to survive if things get tough.

Cash flow issues are one of the biggest causes of company failures according to Peter Jones (the Dragon). Stay in control when it comes to finances. Knowing who you owe and who owes you what can make all the difference.

That’s it for our Bake Off-isms / Business Lessons, but what have we missed? Comment on this post with your own!

By Sarah Kerrigan at MadeSimpleFind Sarah on Google+

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Checking your annual return and annual account due dates

Knowing your limited company’s due dates is important. Why? Because:

  • If you do not file an annual return Companies House will threaten the dissolution of your company as well as criminal action against the company directors.
  • If you file annual accounts after the due date Companies House will impose a penalty (the total depends on how late the annual accounts are filed – you can view the different penalties here).

This is why we let you know your annual return and annual account due dates as soon as you log in and select ‘My Companies’. What’s more, we even colour code the date so you know filing obligations that are ‘Overdue’ and ‘Due in 2 months’ at a glance (and if you click the arrows you can arrange your companies by due dates):

Leave a comment if you have any questions about this.

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By Mathew Aitken at MadeSimpleFind Mathew on Google+

Posted in Annual Accounts, Annual returns | 1 Comment

How do I update my company’s registered office?

How do I change my company’s registered office?

Changing a company’s registered office is simple. Especially if it is on our system:

  1. Log in to Companies Made Simple
  2. Select “My Companies”
  3. Click on your company name
  4. Scroll to “Registered Office” and select “Update”
  5. Enter the new address and select “Send”

The request will then be sent digitally to Companies House who normally accept it within 3 (working) hours.

Please note that this process only works if we hold a valid Webfiling Authentication Code for your company (this can be checked by selecting “Sync Data with Companies House” from the company admin page). See this blog post if we do not:

Changing your Registered Office without the Webfiling Authentication Code

Do you have any questions about changing the registered office? Leave a comment and we’ll be in touch.

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This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

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Get up to £25,000 Government back funding for your new business

Starting a new business will be one of the most exciting things you do, but it can be financially risky and daunting.

Our partner, Smarta Start Up Loans, is your route to government backed funds – specifically for people just like you, starting and growing their business.

As well as low-interest funding of up to £25,000, Smarta are also offering a strong support network including award winning mentors, there to help you with your first few steps and provide face to face advice. In addition, you could benefit from a free 3 month subscription to the UK’s leading suite of business software (as distributed by high street banks).

If you’re looking to take the next step with your business, register with Smarta here for more information. As a valued customer of Companies Made Simple, your application will be fast-tracked.

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This post was by Laura Gilmour at MadeSimpleFind Laura on Google+

Posted in Business Planning, Smarta | Leave a comment

Can I change my Companies House WebFiling Authentication Code?

Changing your WebFiling Authentication code is simple

Yes you can. The Companies House WebFiling Authentication Code is a 6 alphanumeric code that Companies House provide upon company incorporation (if we formed your company, you can find this by logging in and then clicking on your company name).

This is the code that enables you to carry out online filing for your company, both with Companies House and with us.

If you wish to change the code that has been allocated to your company:

  1. Login to the Companies House system (or register if you haven’t yet)
  2. Select the country that the company was registered in and then enter the company number and the current code – click “Sign In”
  3. Select “Company Authentication” on the left of your screen
  4. Enter the new code (it must be 6 characters long) twice and select “Change code”

There you go – confirmation will then be posted to your registered office address.

Don’t forget, if your company is on our system you will need to to update the code on here too. To do this:

  1. Login
  2. Select “My Companies”
  3. Click on your company name
  4. Select “Update Code” next to “WebFiling Authentication Code”
  5. Enter the new code and then select “Change”

Do you have any questions regarding this process? Leave a comment and we’ll be in touch.

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This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

Posted in Companies House, Post Company Formation | Leave a comment