Buy a Readymade Company in UK

What is a readymade company?

Readymade Company in the UK is a registered company having no trading history and kept aside to be sold at some later date in future. Individuals buying readymade companies are eligible to open a bank account after the credit history checks conducted by the bank.

Readymade companies are always available for sale and it is operated in the same way as a newly established company. Individuals sometimes prefer buying readymade companies as it gives an impression that the company is running from a long period which results in increased investor trust and buyer confidence.

These companies are usually transferred through a company formation agent and later transferred to a customer. It is considered as the most viable option for UK citizens as it saves much of your time that companies house take in processing an application. It is also known as Shelf Company”, Aged Shelf Company”, Old Company”, “Vintage Company” and “Off the shelf company”.

Reasons for buying a readymade company in the UK

The common reasons for buying a readymade company are as follows –

• To save the time involved in establishing a new company
• Signing of certain contracts require a company to be in business for some time. Therefore, gaining the opportunity to bid on contracts is also one of the important reasons for buying a readymade company.
• To gain access to investment capital
• To show the longevity of the business which may boost investor’s confidence to invest & consumer confidence to buy the product

Benefits of buying a readymade company in the UK

1. Buying a readymade company saves your time and avoid delays at company’s house
2. It is only of interest if there is requirement of a lengthier trading history
3. It makes your business look more established than it might be.