A ready-made company is a pre-registered entity that you can use immediately to start trading. These can be made available within 48 hours. When you start your own business, consider whether you want to register a new company or buy an existing one.
You can also name it a "Shelf Company". It is a pre-registered business at Companies House.
Will you prefer a new Limited Company or Ready-Made?
The transition of a pre-registered business is always easier than that of a newly registered business. It helps people to pass ownership when purchasing a ready-made business.
If a ready-made company is needed, it is necessary to ensure that it is managed properly. This involves completing all the paperwork and paying all the necessary fees.
Buying a ready-made business provides several advantages:
- Most ready-made companies have already been VAT-licensed, so new owners won't have to wait for their VAT application to be approved before they can start trading.
- An aged ready-made company also provides confidence in business partners, consumers, and banks, who prefer to do business with a well-established company.
- A new ready-made product allows new buyers to get started using the product immediately.