With over 12 years of experience we help companies reach their financial and accounting goals. Abishel Accounting is a values-driven consulting and accounting firm.

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Can I incorporate a limited company with no money in the UK?

NO. Every company that must be incorporated under the Companies Act in the UK should have Shares. Shares are issued during the incorporation process, and they should have a nominal value of at least £1. This is the capital of the business.

Also keep in mind that there are other costs associated with incorporating a company in the UK, such as the registration fee charged by Companies House, and the cost of legal advice and accounting services. Additionally, while it may be possible to start a business without any initial funding, it can be challenging to sustain and grow the company without any financial resources. Therefore, it is important to have a plan for how you will fund the company’s operations and growth over time.

Author

Fungayi Mukosera