Dormant Companies

Aside from those incorporating a business in order to start a trade or activity, the primary motivation for many people is to registering a dormant company which they may or may not use to engage in some form commercial venture in the future.

The formation of dormant companies has increased in recent years predominantly due to the fact the costs of setting up a limited company has decreased substantially. Where accountants and solicitors charged anything from £150 to £300 for an incorporation service, the availability of online registration agents has reduced this cost to less than £25.

Another factor which has lead to the upward surge in the number of dormant companies is the online facilities which can now be used to administer them.

Companies House introduced the electronic dormant company accounts filing portal whereby people can log on to their system via the Internet and submit their much simplified DCA form.

In addition to this, the online facilities also include annual returns which can now be delivered in the same manner as the accounts.

Requirements for a Dormant Company

Just because something is cheap, it does not necessary mean that it should be purchased. The question then is why is it worth registering a dormant company? The answer is as more and more businesses start-up, the requirement for companies of this type has been bought about as many seek to secure their corporate identities.

A crucial part of this strategy is often to register company names which bear some resemblance to their main trading title. They then view their goodwill as being more secure and the investments in the logos and branding can continue unabated.

Further information on registering a dormant company.

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