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Contact Details
Paramount Company Formations Ltd
35 Firs Avenue
London
N11 3NE
Telephone Number
020 8883 6161
Freephone Number
08000 198 698
Fax Number
020 8883 1269
Email Address
pcfltd@aol.com
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Frequently Asked Questions
Q: What are the advantages of having a Limited Company?
A: Registration will protect your Company name. As a sole trader all your personal possessions can be taken to satisfy the business’s debts. As a Limited Company only the assets of the business can be taken as long as you have not acted improperly.
Q: How long does it take to form a Limited Company?
A: All of our companies are usually formed within approximately 3 working hours with Companies House. All Directors, Secretary and share holdings are registered on line, so you have no paperwork to complete and you are ready to trade within hours.
Q: What details are needed to form a Limited Company?
A: We will need the Director’s full name and address, including post code, their date of birth and nationality. We also need this information for the Company Secretary (where required) and the Registered Office address of the Company
Q: How many people are needed to form a Limited Company?
A: You need at least one Director to form the Company. A Company Secretary is optional. We offer a nominee Company Secretary Service. For this we can make sure all the official forms are completed at the appropriate time for Companies house requirements.
Q: Who can be a Director?
A: Anyone over the age of 18 can be a Director as long as they are not an undischarged bankrupt or disqualified by a Court from being a Company Director.
Q: Do we need to complete any paperwork?
A: No. As all of our companies are formed electronically no paperwork or signatures are needed from you. (We usually obtain your details via a simple email or by fax)
Q: Do you offer Registered Office facilities?
A: Yes, We can provide you with our London address as your registered office.
Q: As our Company Secretary do you have access to our bank account?
A: No. We are your nominee company secretary and as such do not have access to your account.
Q: Do you offer V.A.T. registration?
A: Yes, we can complete your V.A.T. application for you electronically which usually obtains the V.A.T. certificate much quicker
Q: What other services can you supply?
A: We offer many other services, including nominee Company Secretary, nominee Company Director, Registered Office facility and VAT registration, along with opening of a business bank account.
We can also supply your new company with 0800/0870 telephone numbers, telephone answering, mail forwarding and merchant facilities.
Q: What about taxation?
A: A Limited Company enjoys more favorable tax concessions than either a Sole Trader or Partnership. It is subject to tax but profits are not normally subject to higher rates of personal tax. Directors pay tax but they are entitled to claim all the normal personal allowances against income.
Q: Do I need to register for VAT?
A: You must register for VAT if your business turns over £67,000. You can also register for VAT if you expect your turnover to exceed this figure. You may also voluntarily register for VAT even if your anticipated turnover is less than £67,000.
Q: What identification is required for a bank account?
A: Listed below are items that are required. These must be original and will be shown to the bank in person. Banks do change their policy from time to time and therefore we suggest you also phone the bank to clarify matters before attending your appointment or sending any identification.
Current valid full passport (UK or EEC, not a visitor’s passport).
Recent original Building Society / bank statement or Current UK full (not provisional) signed driving licence and a Current Utility bill.
Q: How can I pay for your services?
A: We accept any of the following methods:
Credit or debit card, American Express.
Cheque, payable to Paramount Company Formations Ltd
Cash (please send by recorded post or pay into the following account):
Bank: HSBC
Sort Code: 40-05-07
Account No: 11106309
Account Name: Paramount Company Formations Ltd
Postal Order:
All payments should be sent to:
Paramount Company Formations Ltd
72 Halliwick Road,
London N10 1AB.