In United Kingdom it’s very important to list your business in companies house firm in order to make your company visible in online companies house search results. It provides authenticity to the company and lists it with an executive agency that is registrar of several companies, directed by the United Kingdom Companies Act 2006. According to this act all the companies which are registered in it are required to file their annual financial statements to report their annual company returns, which are a part of public records. The main purpose of the companies house is to provide information about the registered companies. This system in UK has been in use since 1844.
If you are looking for a company in UK to do business with, then companies house would be the best option for you to know about the authenticity of a company registered on different types of online companies house search in UK. There you can get each and every information you are required to know about the company before indulging in business with it. It also helps in searching companies according to your requirement and the type of business you are seeking for. After the act executed a number of companies has been registered in it.
Here we have the list of the type of companies that comes under this act:
Limited Company: It’s a kind of private company whose holders are officially responsible for its debts up to the extent of the amount of money they have invested. In such companies the personal assets of directors and shareholders are protected. The term ‘Limited’ provides credibility and confidence to the suppliers and the customers because of the transparent nature of the system of UK company act.
Public Limited Company: A company that is registered under the UK Companies Act (1980), with standard minimum capital needs and shares offered to the public based on the conditions of limited liability. Such company’s share can be sold to the Public. It gives the company more prestigious profile and enhances the possibility of entering in stock market with extra financial status and access to capital of the company.
Limited Liability Partnership: It’s a partnership in which all partners have limited responsibilities. Hence, works on corporation. In LLP one partner is not liable for the misconduct and negligence of another partner.
Non Profit Company: The main goal of NPC is to facilitate charity commission. It has more transparency in their business and has more credibility too. It enables to obtain company bank account and get intellectual property under its name.
[ Must Read: Why Company Check Is The Most Important Aspect Of Business In UK ? ]
Before doing any kind of business with these types of companies you must need to know all the required information about the company through companies house for developing a authentic term with the firm.
Before doing any kind of business with these types of companies you must need to know all the required information about the company through companies house for developing a authentic term with the firm.