A readymade company, also known as an 'off-the-shelf'
company, is one that already exists. A
private limited company pre-registered at Companies House that
has never traded, but is ready to use immediately.
Once a popular method through which to set up a new company due
to the lengthy incorporation process, today there are few
advantages to buying a readymade company.
What are the disadvantages of using a readymade Company?
It is unlikely that the readymade company will have a name that
suits your commercial purposes so you will need to change the
Changes to the Registered Office location will be
Changes in ownership will be required so you will have to
change the director(s), secretary and shareholders.
Can you guarantee that the company has not previously
More costly: the price may depend on when it was
"In Stock" readymade companies could have been formed
several days or several years in the past.
You may have to change the Articles of Association, as these
may not be suitable for your requirements.
All the statutory changes you make will be reflected on the
These are just some of the reasons we do not offer
"readymade" companies at Jordans. We want our clients to
have the company they need and we work to ensure that the
incorporation process is trouble-free. With the support and
guidance from our team of UK company formation experts, your brand
new company can be perfectly tailored for your business and often
takes just minutes when you have all your details to hand.
What are the Advantages of using a new Private Limited Company
set up just for you?
A clean company incorporated from scratch in 24 hours or
You can guarantee that a newly formed company has no trading
You can choose your own
company name, within Companies House guidelines.
From the outset you can select the Registered Office location
where official mail from Companies House and HMRC will be
You can provide your own officers (director(s) and secretary)
at the time of incorporation.
At the time of incorporation you can provide your own
You can, if required, provide your own
Articles of Association or you can choose Jordans articles that
have been custom drafted by our experienced legal
How we can help
At Jordans, setting up your new company is easy. You can ring
our company formations team and provide the details of your company
over the phone, or you can place your order online. We're happy
to assist you or at email@example.com.
*Subject to Companies House timescales. Guaranteed same day
service available at additional cost.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
An assignment of rights under a contract is normally restricted to the benefit of the contract. Where a party wishes to transfer both the benefit and burden of the contract this generally needs to be done by way of a novation.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).