UK Limited by guarantee companies are an alternative type of business structure that is normally used by non-profit organisations. They are owned by one or more guarantors, each of whom guarantees a fixed sum of money to the business in the event of insolvency.

Typically, guarantors do not take any profit from the business. All surplus income is put back into the company to achieve its non-profit objectives.

 

Key Features of UK Company Limited by Guarantee

UK Company Limited by Guarantee

Corporate Details

General

  • Type of Entity

Company Limited by Guarantee

  • Registered Office in UK

Yes

  • Shelf company availability

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

GBP, £

  • Permitted currencies

Any

  • Minimum paid-up

GBP 1

  • Usual authorized

GBP 1,000

No

  • No par value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

Yes

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return
Yes

Tax treatment

Corporate tax 19%.

 

Duration to set up the Company

One week. 

 

Distinctive Advantages of UK Company Limited by Guarantee

  • Nominee Services are permissible
  • The UK has numerous Double Taxation treaties
  • Access to various trade markets in the European Union (EU)
  • A Limited company legitimizes itself for many business activities
  • Business expenses can be claimed against tax

 

 The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.