At Michael Paul Accountants Limited we can assist you with the formation of a new company. For anyone not using an accountant, solicitor or formation agent there is the option to do it yourself through the Business Link website or by applying directly to Companies House through completion of their paper forms. The latter two options may offer a cheap alternative but care should be taken as companies set up by this route often adopt the new model articles of association( the company’s rulebook) which can lead to problems further down the life of a company which the directors may not be fully aware of when they set up the company.
For instance, the model articles do no contain Pre-emption rights which prevents the company’s shares being sold or transferred without the existing shareholders knowledge. This may not be a problem in small family companies (although this is not always the case!) but can be an issue in companies where there are outside shareholders or where no shareholders’ agreement is in place.
The model articles also do not contain provision for multiple share classes which may become a consideration as a company grows.
The articles we put in place for new companies contain full provision for these two areas and much more.
If you are thinking of forming a new company and are not sure of the options available to you please contact us for a free, no-obligation discussion.
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Michael Paul have been our accountants since 2012 and have been a massive support to us. We have complete confidence in them, which is very important when dealing with issues which can sometimes be complex to understand. I know they always have our best interests at heart, and nothing seems too much trouble for them.Amanda Palfrey
SP Welding & Fabrication Ltd
“In good hands”
The advice given to me by Mike and Paul when starting my business was invaluable. It’s a great comfort to know that I can contact them at any time, with any questions, and they will respond promptly and explain things in a way I can understand. This enables me to focus on the day to day running of my business knowing that the accounting side of things is in good handsThomas Murphy
Chester Thomas Developments Limited