What are ‘Off The Shelf’ Companies?
The terms companies ‘off the shelf’, ‘ready made shelf companies’, ‘ready made companies’, ‘aged shelf companies’, ‘old companies’, ‘vintage companies’ and ‘off the shelf companies’ all mean the same thing. These terms refer to a company or a corporation that has had no previous trading activity.
The ready made companies are formed and set aside with the objective to be sold at a later date. Ready made companies for sale are created for use at a later date. During the life on the ‘shelf’, the off the shelf companies for sale are properly maintained, kept up to date, and each year the prescribed paperwork and fees are paid up. All necessary paper work for ready made companies UK are filed with HMRC.
Ready Made UK Companies – Any Reasons to Buy?
People used to buy Ready Made UK Companies some years ago but they are not as popular now. Not so long ago the submission for company registration with Companies House was a paperwork process, taking weeks to register. Buying off the shelf limited companies certainly made sense then to save time. Nowadays ready made limited companies are only used to show the longevity of the business.
Ready Made Companies Advantages?
Ready made companies (Aged Shelf companies) do not have any advantages over new ltd company formations, unless there are strong commercial reasons for doing so. Ready made companies for sale were created by company formation agents to save time during the formation process and to avoid processing delays at Companies House. As online company formation applications now take on average 3 hours, the demand for Ready Made Limited Companies or Vintage Companies significantly decreased. Companies off the shelf or Ready Made Companies UK are only of interest if there is a need for a longer trading history.
UK Shelf Companies — Time Frame to Acquire Ownership
As a rule, vintage companies for sale are more expensive. The price for ready made Ltd companies includes all the fees paid to maintain aged shelf company in good standing up to date. The name change for Limited companies off the shelf must also first be approved by the Directors and will be confirmed by a Change of Name Resolution. The processes of making changes to the off the shelf companies only add time and expense to company formation. A name change for companies off the shelf normally takes 2 working days. Unless you have specific reasons, Limited Companies off the shelf do not add any value in terms of time and money. Old companies (companies off the shelf) will not be VAT registered nor will they have a bank account. Ready made companies UK cannot be initially registered for VAT.
Despite all off the above, shelf companies are still on demand and we have a list of dormant shelf companies (limited by shares and Limited Liability Partnerships (LLPs) to choose from below:
|Company||Date Incorporated||Company Number|
|SAFENET SOLUTIONS LLP||31/12/2012||OC381263|
|WORLDWIDE GADGETS LIMITED||28/12/2012||8342356|
|SIMPLY TECHNOLOGIES LTD||28/12/2012||8342353|
|HORIZON SEARCH LTD||28/12/2012||8342367|
|TRUSTED LINK LIMITED||28/12/2012||8342386|
|BEYOND REACH LTD||28/12/2012||8342384|
|LUXURIOUS TRAVEL LTD||28/12/2012||8342451|
|DATAMAX TECHNOLOGY LTD||28/12/2012||8342499|
|INNOVATIVE ADVISORS LTD||28/12/2012||8342498|
|TRANSATLANTIC TRADING LLP||28/12/2012||OC381257|
|GOLDEN PATH ASSOCIATES LLP||28/12/2012||OC381258|
|COMMERCIAL INVESTORS LLP||28/12/2012||OC381259|
|HALLMARK PARTNERS LLP||28/12/2012||OC381260|
All of the above shelf companies are ready to be transferred into your ownership. The advantage is that you will have a company registration number straight away. You can also change the company name, if you wish. We can also assist with this. Prices for the above start from £250, please contact us.
On transfer of the company you will receive:
- Certificate of Incorporation
- Memorandum and Articles of Association
- Share Certificates
- Application for shares letter
- Consent to act letters for appointed directors
- Completed Stock transfer form
All of the above will be presented in a Luxury Company (or LLP) Register.
We can assist you with your VAT registration once your shelf company has been transferred to you. Occasionally, it is possibly to make your VAT registration backdated.
Should you decide that you need a bank introduction or a merchant account after your shelf company had been transferred to you, we would be happy to assist. Please visit our current cash-back offers.
Shelf Companies (UK) – Things to Consider
The formation process for UK ready made limited companies is no different from that of any other normal business incorporation. Before you buy aged shelf company consider incorporating a new one today to save money. Demand for off the shelf companies UK is decreasing. The formation process for ready made ltd companies is no different from that of any other normal business incorporation. Off the shelf companies for sale no longer appeal to mass market due to its expense. It takes 3 hours to incorporate a new limited company and it is much more cost effective.
Taking into consideration all of the above, a new company formation is much more efficient and cost effective than to purchase of a shelf company in the UK.