Category Archives: Limited Company

Update to the Confirmation Statement: SIC Code change

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Update to the Confirmation Statement: SIC Code change

When forming your limited company you will have noticed the Standard Industrial Classification code (or SIC code), which represents the type of business or industry your business identifies with. This is also part of the information that makes up the Confirmation Statement, the annual filing obligation required by Companies House (the UK’s registrar of companies).

The SIC code 82990 (‘Other business support services activities not elsewhere categorised’) is a common code used at the time of incorporation as some people are unsure what suits them best at this stage.

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Think you’re stuck with your company name? Think again

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Ah yes, the flamboyant company name. It seemed like a good idea at the time but now you’re just not so sure. In fact, you are sure – you don’t like it. So what are you going to do now? Continue reading

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What happens if I miss my Confirmation Statement or Annual Accounts deadline?

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All limited need to file a Confirmation Statement and Annual Accounts on a yearly basis. Even if they’ve never traded. But what happens if you miss the deadline? In this blog post we look at the implications of filing your Confirmation Statement or Annual Account late (or don’t file them at all). Continue reading

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10 resolutions for entrepreneurs to action in 2018

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2018 Goals

The end of the year is always a good time to reflect on achievements from the last 12 months. But the pressure we put on ourselves to fulfill promises for the next year often fall to the wayside after a few weeks of effort. So we’re sharing 10 small resolutions that you can easily implement in your business that could mean big things. Make these your resolutions, then go forth and action them in 2018!

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4 ways to protect your limited company from fraud

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With Halloween here, it’s understandable if you’re a little more fearful than normal. After all, who knows what ghouls and ghosts lurk in the darkness? However, in this blog post we’re looking at a far more realistic threat – company fraud. When it comes to business it always pays to be cautious. With that in mind, here are four ways you can protect your limited company from the all-too-real threat of fraudsters and other unscrupulous types. Ignore at your peril… Continue reading

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7 reasons to incorporate companies with Company Formation MadeSimple

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As an accountant you’re not short on choice when it comes to forming companies for your clients. However, there’s only one company incorporation service accredited by ICAEW; Company Formation MadeSimple. In this article we’re sharing seven reasons why forming and administering your limited companies with ICAEW’s preferred registration agent makes your life… simple. (And there’s more benefits to be had than just the price!). Continue reading

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Are Napoleon’s comments about the English still relevant in today’s business climate?

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According to sources, Napoleon once said “L’Angleterre est une nation de boutiquiers” – “England is a nation of shopkeepers”. 

Whilst the number of shops on the average UK high street has certainly diminished greatly, we may well still be a nation of entrepreneurs. Continue reading

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Picking the right limited liability structure for your business

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If you’re thinking of structuring your business so that it enjoys the benefits of limited liability, you have a choice of three different options; a company limited by shares, a company limited by guarantee, or a limited liability partnership.

Emily Coltman FCA, chief accountant to award-winning online software provider FreeAgent, explores the difference between these three. Continue reading

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10 ethical businesses you need to know about

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It’s more important than ever to appreciate the world around us and be mindful of global environmental and ethical issues, so we thought we would name our top ‘10 Ethical Companies’. Here you’ll find a collection of businesses who are really doing their bit! When you’ve finished reading, let us know who you think is ethical and why on our Facebook, Twitter or Instagram pages.
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What are the differences between a Director and a Shareholder?

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When incorporating a Limited by Shares company you will need a Director and a Shareholder. Both are pivotal to the general running of the company with the differences depending on the company type; Limited by Shares, Limited Liability Partnership (LLP) or Limited by Guarantee. We know it can be confusing when setting up a company, so we have written this handy post that covers the differences between these two roles and everything else you need to know.

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