A 3-Year-Old Company that has not traded since incorporation
Transferring the Shelf Company to new ownership
Confirmation Statement to update shareholder(s) and SIC code(s) with the company Registrar
Certificate of Incorporation
Updated Share Certificate
Articles of Association
Transfer of Shares document
A Completed Register with all the officer details
Important company documents required for legally trading
Additional Services you can Get from Us:
We offer an array of additional services if you buy a 3 year Old Company in UK from us. Therefore, if you are in need of any of the following services, you can add that with your package. The final charges will depend on the additional services you choose from the list.
Registered Office Facilities
Change of Company Name
Business Bank Account Set up
Delivery of Legal Documents
Begin your Business with a 3-Year-Old Company in UK: Fasten Up the Whole Procedure
When you plan to open a company in the UK, you get two options. First, you can form a new company from the scratch. Or else, you can go for a shelf company. A shelf company is an organization that is already registered and incorporated in the UK. Now, a shelf company that has been in existence for 3 years already is called a 3-Year-Old company in UK.
So, if you are interested in creating a company in the UK, you can go for a 3-Year-old shelf company. Now, you might be wondering why should you even consider going for a company that has been in existence for 3 years already.
The truth is, owning a 3-Year-Old company in UK is much better than opening a new company in UK. And, here we have discussed that in detail. So, go through the write-up to know about a 3-year-old company in UK and why you should invest in one.
What is a 3-Year-Old Company in UK?
A popular concept among money-minded people is a shelf company. A shelf company is a company that is already incorporated in the UK with the Companies House. The Companies House already has all the details of the company and gave it a valid unique registration number.
And, the company has been incorporated for 3 years. However, the company existed as a dormant company. This means the company hasn’t engaged in any kind of trade in the 3 years of existence.
Therefore, the company has only been in existence so far. It has no reputation or history associated with it. Thus, by acquiring the 3-year-old company in UK, you will get a pre-existing company with no past trading history. And, the company holds neither any assets nor liabilities that you must accept.
Who Buys a 3-Year-Old Company in UK?
A 3-Year-old shelf company means a company that’s been there for 3 years. And thus, it has all the paper works, registration number, and incorporation certificate. So, the person who buys the company is ready to start trade once the transfer of ownership is done.
So, it is an ideal option for any person who is in a hurry to start a company. Also, building a reputation for your company takes time. So, if you are in need of a company that has already a reputation since it’s existing for some time, then also a shelf company is your pick.
Now, a shelf company is not only the faster and easier option, it is cost-effective too. Company incorporation requires many steps. And, each step requires some costs. Since the company you will be acquiring is already incorporated, it will save some money.
Purchasing a 3-Year-Old Company in UK
The UK offers one of the best trade policies in the world. Besides, the UK has stable economic growth with the 6th highest GDP growth rate. These things make the UK a perfect choice for opening a company.
Earlier, business owners were more into creating a company from the scratch and then registering it by themselves. However, this turned out to be a lot more time-consuming job. Also, the risk of getting refused by the Companies House (the governing body for companies in the UK) was there.
Therefore, people now prefer to purchase a 3-Year-Old Company in UK. This will come with a lot fewer risks. Also, the process is not so time-consuming. You just have to wait until the transfer of ownership is taken care of. No waiting for application filing or registration or creating documents.
Now, purchasing a 3-Year-Old company in UK means you purchase a ready-made thing. And, you need some customization here. The concept is kind of similar to purchasing a ready-made product and then customizing it as per your choice.
The Legal Changes
There will be some legal procedures that will include the basic changes. These are –
Transferring the ownership of the 3-year-old company in UK to the person who is buying it
Changing the shelf company’s share holders’ list as per the buyer’s choice
Updating the registered address of the 3-year-old shelf company as per the new owner’s suggestion
Coming up with the new list of directors and replacing the existing directors’ list (this will be done by submitting papers for the resignation of previous directors and papers of appointing the new directors)
Changing the name of the shelf company with the name the new owner wants (this is optional and the new owner can keep the existing name as well)
When to Start Trading with the 3 Year Old Company in UK
Each shelf company in the UK, including the 3-year-old ones, has registered with Companies House already. Therefore, the company in discussion is already has a permit for trading in the UK as it is incorporated with the standard constitution.
So, once you purchase a 3-year-old company in UK, the primary owner will appeal for some changes. Once the changes are made, you will be handed over all the legal authority of the company.
And, you can begin trading from the moment you acquire the 3-year-old company in UK. Moreover, you can start trading with the company the moment the acquiring is legally completed.
In this regard, the time taken for the acquiring depends on the structure of the company you pick. The most common and desirable company structure in the UK is LTD or a private limited company.
The time for handling over the ownership takes the least time. And, LTDs exist as separate legal entities. Thus, comes with some tax benefits and asset protection laws. So, it is better to acquire a 3-year-old company in UK that is a limited company.
Advantages of Owning a 3-Year-Old Company in UK
There are several reasons why you should consider buying a 3-year-old company in UK instead of creating one at the moment. Especially if you do not own any other company and this is your first offshore investment, then 3-year-old companies will be a lot more helpful. Take a look at the reasons –
The first and foremost benefit is the basic groundwork that is required for establishing a business is already done. Since the company is already existing, there will be no need for filling the primary paperwork and application.
There is already a registration number and certificate of incorporation. Therefore, you can start trading immediately and do not have to wait for acquiring the registration number.
Since the company is already existing, it will appear as a more trustworthy one. And thus, gaining the attention of a large customer base will be easier.
Also, it will be easier to find investors and obtain financial aid for the company
Further, you can apply for a business bank account immediately. And, you will always be able to set up the account linked with your company faster than usual.
Additionally, a pre-existing company will have a set of directors, including a nominee director. So, you can simply hire the nominee director who is already there. You do not have to look for a new one.
Lastly, a pre-existing company means there is already a registered office address. So, upon acquiring the company, you can ask the agency to allot you the registered address and pay for it. This way you will get easy access to a registered office without any searches.
So, invest in a 3-year-old company in UK. Reap the benefits of quick and easy service that you can modify as per your requirement.
Buy yourself a 3-Year-Old Company in UK – Begin your Business with Activate Global Limited
A 3-Year-Old Company can be an extraordinary beginning for your business if you want to set your mark in the UK. You will have the opportunity to own an organization without going through the system of creating and incorporating one. Furthermore, the organization will show up more solid since it will have a history and show that it has been there for 3 years.
Along these, you can get your 3 Year Old Company in the UK for a reasonable price. Activate Global Limited brings the scope of owning a 3-Year-Old organization to you. Pick an organization from our list to begin. As we proceed with your request, we will begin the exchange of proprietorship and other legal works right away.
We can assist you with the consultancy as well. We are consistently prepared to help every business-minded person. You can get in touch with us through call, live chat window, or an inquiry form. Our helplines are all day, every day open. So, utilize the Live Chat window, send us an email, just let us know about your query. Call us now.