Blog

‘Alphabet Shares’ are named as such because these shares are typically denoted by the letters of the alphabet, I.E. a company may issue Ordinary ‘A’ shares, Ordinary ‘B’ shares and Ordinary ‘C’ shares. A primary reason for issuing Alphabet Shares is the greater flexibility in the rights attached to the shares that this affords.

The ‘Corporate Transparency and Register Reform’ white paper has recently been published by the UK Government. Following various consultations with stakeholders since 2019, there is a clear need for reform to combat abuse of the company framework in the UK.

Simple Formations has worked hard over the last few weeks to ensure we have procedures in place to maintain our services for our customers and to protect the welfare of our employees during the Coronavirus (COVID-19) outbreak.

We are open and forming companies. In general, companies are being formed in normal time frames of just 5 to 6 hours. Registered office services are operating and we are forwarding mail to customers.

The UK formally left the EU in January 2020. The transitional period for Brexit will remain in place until the 31st of December 2020. After this point there will be some updates to the Companies Act, and by extension the company formation process, to reflect UK’s position outside of the EU.

‘Do I need an accountant for my business?’ This is an all too common question asked by new and existing businesses alike. It may seem beneficial to prepare your own accounts and manage your own books to save on accounting costs, albeit this is not always advisable. We are pleased to announce our new partnership with a chartered accounting firm.

Helpful advice on selecting the right accountant for your new limited company. It is important to consider, price, location, services offered and reputation.

As of November 2020, Companies House will no longer be posting reminders of filing dates to UK registered companies. Find out more here.

We are pleased to announce that we have successfully moved into our new, fully refurbished office in Coventry city centre.

Before ordering any service, especially for the first time, it is understandable to ask why a particular service provider should be chosen. We are confident that our formation service goes above and beyond what should be expected from a company formation agent. Here are just some of the reasons why customers choose us.