- Vidit Agarwal
- September 27, 2023
While thinking about starting a new business, selecting the business type to register a company takes lots of time and hard work. What if we get a ready-made company in the UK where you can directly start your business without being involved in the registration process? Yes, Leadforce makes it possible.
A brief about UK ready-made companies
In the UK, ready-made companies are essentially pre-registered entities that are currently dormant. Despite being officially incorporated; these companies have not yet commenced any business operations. They serve a key purpose for individuals and businesses looking to kickstart their ventures swiftly without the hassle of setting up new companies from scratch.
These companies serve the purpose of a quick start. There are a few circumstances where ready-made companies are not considered a good option. The buyer of these companies should verify to ensure that the company is free from liabilities or legal issues.
Reasons to buy ready-made UK companies
You can have plenty of reasons to buy a UK ready-made company. The time-saving approach is one of them. These can easily fit into your new business venture. There are several reasons why people prefer these companies rather than starting from scratch.
Also See: Sell my UK company
Advantages of ready-made company
Buying a ready-made company means having several benefits for investors, business owners and entrepreneurs. The reason for creating a ready-made company for sale by company formation agents was to save time during the formation process and to avoid delays at Companies House. Leadforce introduces the best possible ready-made company deals for you.
The few other advantages are:
- The trading can begin immediately, and the business activities can start right after the ownership transfer.
- You will get an established legal entity with a unique company number.
- The administration burden will be less as the company formation process already has been completed.
- The ready-made companies are flexible to customize. It's easy to change the company name and appoint new directors or shareholders.
- A ready-made company is the first requirement for licensing and regulatory purposes for a few industries. Ready-made companies meet these requirements properly.
Also See: Buy a UK VAT Registered Company
What is the Time Frame to Acquire a Ready-Made Company?
The time frame depends on several factors, including the type of company you are buying, the service provider or seller with whom you work and the transfer process. It takes less time than incorporating a new company.
A few factors depend on this:
- The selection and payment process takes time. It depends on your mutual decisions that suit your needs.
- The due diligence process takes time, and it is unavoidable. Conducting due diligence on the ready-made company ensures that the company meets your requirements.
- After completing the due diligence, the ownership transfer process begins. It includes the company's directorship, shareholders and other details.
- All the transfer details of that company need to be updated on the Companies House and it takes a few days to a couple of weeks.
It is advisable to work with reputable service providers to avoid any discrepancies. Leadforce makes the process smoother for you to buy ready-made companies in the UK.
