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.