Give me everything. Free Company, Free bank account and Free Website
This is everything you need to be a business, tell the world you are up and ready to do some business and then bank some money when you do. We’ll take you to Tide Bank to set up your limited Company and your free Company bank account. 121 Digital has been told to contact you right away about your free company website.
Remember, Companies House charge £50.00 to set up a Limited Company but our friends at Tide Bank have slashed this to just £14.99 for our customers and we’ll refund you £14.99 when you open your limited company and fund it with just £100.00, so it is a completely free limited company setup.
I've got a company already. I just need a Free company bank account and Free Website
If you have a limited company already, then we’ll take you to Tide Business Bank to set up your Free Limited Company bank account. Don’t forget, we recommend that you open two Company bank accounts, so we’ve partnered up with Zempler Bank too. Go to Tide and then go to Zempler and open an account for your tax and VAT.
Here's how it works
In May 2024, Companies House increased the price of setting up a limited company from £12.00 to £50.00. So we have partnered with Tide Business Bank who will now charge just £14.99 to form your limited company and open a bank account for that company.
But that’s not all. To make it completely free to form a limited company, The Startup Factory will refund that £14.99 within a month, as long as you deposit £100.00 into your Tide company bank account. This activates the account and Tide send us a small referral fee, that we use to refund your £14.99.
This is the only place in the UK that you can form a limited company free, which is great news for Startups, because we know that every penny counts.
But not only that, These days, you need a website for your business. So we’ve also partnered with 121 Digital who will give you a free startup website for your new business and get you online to showcase your products and services right away. Now don’t get us wrong. This is an instant startup 3 page website that you can You can always enhance that site in future when you want to and they provide a range of online services specifically for startups just like yours.
They made our website too, so we can vouch for them. It’s much better than buying a do it yourself template and struggling with it yourself. Of course if you want something more complex, they will reduce the cost by 20% when you request a website through tThe Startup Factory.
So, you’ve registered with The Startup Factory and we’ve sent your details to 121 Digital already. They’ll give you a ring in the next 48 hours, so look out for their call.
To get started, just select the option that meets your needs above and it will take you to Tide Business Bank with The Startup Factory and choose your company name and register a company in around ten minutes and open the bank account at the same time.
Once your company account is open you can deposit money into it for your company expenditure, which you will have to do anyway so that the spending can be attributed to the company, making it much easier to do your accounts at the end of the year. When you do that, we will refund the £14.99 that you have paid to setup the company with Tide.
Requirements for a Limited Company & Business Bank account
To qualify for free limited company formation and and business bank account you need to meet some simple criteria.
Bank Account Eligibility Criteria
To apply for an account, you will need to meet simple eligibility criteria outlined below:
To apply for a registered business account, you’ll need to be registered with UK Companies House as a director of that company. To apply for a sole trader account, you’ll need to be a UK based sole trader or freelancer.
For both account types, you’ll need to be aged 18 or above, have a valid UK phone number and address, and hold a compatible device registered to a UK App or Google Play store.
We’re on a mission to help businesses owners spend less time on money admin, and we want to enable as many small businesses as possible to do that. It’s a balancing act though, certain company types are more complex to onboard, so the scope of businesses we’re currently able to offer accounts to is a little more focused than your average high street bank.
Our providers hope to broaden this scope as we grow, but currently they’re unable to onboard the following types of companies:
- Trading of cryptocurrencies
- Trading of precious metals and stones
- Money services (such as foreign exchange, loan providers, money transfers)
- Casinos, prize draws and other betting or gambling activities
- Sale of unlicensed pharmaceuticals
- Sale or trade of cannabidiol (CBD) products
- Trading of weapons, explosives or armaments
- Unlicensed trading and processing of scrap metal
- Unlicensed waste management
- Sale, import and export of used vehicles or heavy machinery
- Escort services and other services in the adult industry
- Bidding fee auctions
- Modelling agencies
- Travel agencies
- Car wash services
- Political parties
- Charities
- CICs and CIOs
Tide makes registering a limited company easy
Register your company with Tide for £14.99 £50.00
Tide are an authorised agent of Companies House and will fund almost all of the incorporation fee for you. Then, when you have opened your Tide Business Bank account and regi
Get up and running in no time
Get registered and receive your Companies House certificate of incorporation within one business day. Once you’re set up you can access all your business account needs in one app!
Trusted by over 650,000 UK businesses
We support small businesses, from cupcake makers to coders, giving business owners the time back to do what they love and grow their business.
I want a business account and free website only
If you don’t want a limited company, because you already have one or you want to operate as a sole trader or partnership and just need a FREE business bank account and Free Website then we have a couple of options for you with our partners at Tide Business Bank or Zempler Business Bank. Both of which can open a sole trader or partnership account for your new business.
Don’t forget, we recommend that you open two business bank accounts, so you can open an account with both through the links below.
Some business owners prefer the flexibility of being a sole trader or partnership. But you still have to keep business money separate from your personal money, so you need a business bank account. It’s a good idea to keep two separate accounts, One for trading operations such as taking payments from customers and the second for managing your company accounts.
We use Zempler for our trading account and Tide for our business account. We do this because Tide has a fantastic accounting option that is attached to your bank account and completes your monthly management accounts in real time and can file your accounts with HMRC at the end of the year for just £12,99 per month.
Zempler and Tide both offer a range of additional service, including card payments, online banking and all kinds of useful tools. We recommend that you open an account with both and pick the services from each that suit your needs best.
All offers are subject to terms and conditions from our partners, details of which will be provided when you select their services and we take you to their websites to open accounts. Offers can change from time to time. we will update our offers as required and any changes to partner terms of business will be sent to you by them.