Free Limited Company

How to get a Free Limited Company since the price hike.

In May, the government increased the price of forming a company from £12 00 to £50.00. So we’ve worked with our friends at Tide Business Bank to find a solution for you to form a limited company for free when you form your company through the Startup Factory and Tide Bank.

Here’s how it works. 

Tide Bank have a promotional offer. Tide Bank are also Companies House approved Company Registration Agents which means that they can create companies online for you in seconds and then open a business bank account for that company. It’s a pretty good package and that is how we started this Company. 

Tide Bank have reduced their company setup fee for Startup Factory Clients to £14.99 when forming a new limited company when you open a free company bank account and deposit funds into the company bank account.

So, when you deposit £100 into  your business / company account  this activates the account and the good people at Tide Bank pay us a small referral fee which we use to refund the £14.99 completely which means that you can form your Limited Company completely free. And we all know how hard it is to open a business / company bank account. Doing it this way, not only have you got your company setup for free, you have abusiness bank account at the same time, free and instantly. 

Not only that, but you can claim a free startup company website from 121 Digital Marketing and you’re ready to tell the World that you are open for business.

Now, we recommend that every company should have three company bank accounts spread over at least two banks.

• One for trading, (taking payments from customers and paying suppliers). This is your Trade Account.
• A second account for your office expenses. (Payroll, rent, rates, power, insurances. office expenses, travel, marketing costs etc) This is your Office Account
• A third account for your reserves and tax. This is your Reserve Account and should be an account that gives a good rate of interest. 

We use Tide and Zempler Bank for our Business accounts because they are easy to open, offer good products, online services and are helpful to startups, like us. 

So why not nip over to Zempler Bank and open a second company bank account completely free at the same time. It’s best to do this at the earliest stage rather than wait until you need to while it’s free. Set up as you mean to go along.