What is a readymade company?
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.
the readymade company will have a name that suits your commercial purposes but you can change the company name.
Changes to the Registered Office location will be required.
Changes in ownership will be required so you will have to change the director(s), secretary and shareholders.
All the statutory changes you make will be reflected on the public record.
You can open the UK bank for this company