Not for Profit

English Not For Profit

English companies Limited by Guarantee are considered to be the best vehicle for charities, community projects, clubs, societies and other similar bodies. They are frequently referred to as “Not For Profit” companies although that is not a strictly correct description unless used exactly as intended. Some unscrupulous persons have mis-used them for trading operations, where they have drawn out the bulk of the profit as an expense item in order to extract profits without tax. Please do not use them in this way because it places a slur on all those doing excellent work for our communities (besides which HMRC are not idiots).

William Pitt would like to make a small contribution from your payment and for genuine persons wanting an English Company Limited by Guarantee registered to use as a not-for-profit.

Non residents of the UK may well be attracted to this corporate structure as being ideal for the holding of assets, especially property. As long as you have no activity apart from as a holding structure, we can apply for dormant status and submit nil tax returns to the tax department. Your annual reporting requirements, and costs, are therefore minimised, offering an attractive structure.

You will not be upset at our prices below but please do request a quote for your own package where different to those shown. In the meantime please regard the pricing below as indicative! 

English Company Limited by Guarantee
 
 
 
 
Packages
Prices in GBP – £
Basic
Nominee
Private
Name check, application process & govt. fees for COI
Y
Y
Y
Memorandum & Articles
Y
Y
Y
Registered Office & business address in England
Y
Y
Y
Company registers & Guarantor Certificates
Y
Y
Y
Emailed documents
Y
Y
Y
Nominee Partner – cost for 2 foreigners (minimum)
X
Y
Y
Prepare Trust Deed, Settlor, temporary Trustee
X
X
Y
Locally certified signatures of trust
X
X
Y
Recommendation to account provider selected
Y
Y
Y
Application for tax exemption
 
Y
Y
Sub Total or Total
£199
£450
£498
 
 
Power Of Attorney for manager/owner
£100
Apostille package of documents or single item
£180
Notary certification per signature
£95
Registered Agent/Justice of the Peace certified
£25
Documents for account opening
at cost
Courier documents
cost+15%
 
 
 
 
This type of company is ideal for not-for-profit enterprises such as clubs, sporting associations and membership organisations. This type of company is not acceptable for use by a Charity.

Choosing a Company Name

It is important you select the most appropriate name to suit your Company needs, there are many sensitive words that either require permission for use or further data adding to the articles before they can be included in your name, such as “British, England, Association, Trust etc, click on the link below for a list of the most

common sensitive names. Check here for sensitive namest is important you select the most appropriate name to suit your Company needs, there are many sensitive words that either require permission for use or further data adding to the articles before they can be included in your name, such as “British, England, Association, Trust etc, click on the link below for a list of the most common sensitive names. Check here for sensitive names

Share capital / Shareholders

A guarantee company does not have a share capital, but has members or trustees who are guarantors instead of shareholders. Limitation of liability takes the form of a guarantee from its members to pay a nominal sum in the event of the company being wound up while they are a member or within one year of their ceasing to be a member. The amount of money that is guaranteed can be as little as £1 and will be stated within the constitution of the company (the Articles of Association)

Articles

The Company’s Articles are the rules and regulations that govern the way the company operates, we provide “Model” articles which serve for most guarantee companies, however you can include your own articles there is no extra charge, our team will preview your “Bespoke” article just to ensure they comply with Companies House regulation. Should your Company require a specific Objects clause this can be uploaded free of charge, or if you prefer we we can send you some examples prior to your purchase.

Directors or Trustees?

This can be confusing – There are many responsibilities associated with the position of director, however when registering your guarantee company there are two important aspects you must consider:

1. If your intention is to register the company with the Charity Commission as a charity then the minimum required directors is 2, though for voting reasons it is recommended there are 3, it should be noted you can register your guarantee Company initially with one director, then at a later date add further directors, we are happy to complete this service for you FREE of charge.

2. If your intention’s are simply to run as a non profit organisation and not register as a charity then the requirement is only 1 director.

Can Anyone become a trustee?

The simple answer is yes though we recommend you are selective about your appointments, should you decide to register as a charity then there are certain rules governing the qualification of trustees, for instance if the organisation intends to work with children then strict checks must be carried out by the police department.

Remember Trustees are the people responsible for ensuring that a charity or community group has a clear strategy, that it remains true to its original vision, and that it complies with all necessary rules and legal obligations, therefore you not only do you need people who are trusted but someone who is committed and passionate about the intentions of your complete organisation.