CIC Company Formation
£87Community Interest Company (CIC) Formation
Select our additional services to help your Company get off to the right start and get discounts with 3 or more services
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CIC-Limited Company Formation
This service is ideal for social entrepreneurs. Your CIC will be a company limited by shares. The shareholding structure allows control of the company to be tailored to your requirements. This structure also allows the issue of dividends, although care should be taken to comply with the CIC Regulator's requirements regarding profit distributions.
Registered Office Service 
Our Registered office service has two unique features:1: Any user of the service can also have free address services for all their officers (directors, shareholders, and company secretary). Unlimited service address use remains the case when the service is renewed in future years.
2: Scanned post is stored free of charge in our secure Docustore portal. This means you will never have to search through your emails to find the post we have scanned for you.
Printed Certificates Service
Buy a hard copy of your Certificate of Incorporation, Share Certificates and Memorandum and Articles of Association. The Certificate of Incorporation is on official stationery with the Companies House seal. Share certificates are numbered and certify each shareholders holding in the company. The Memorandum and Articles of Association is the constitution of the company.
Vat Registration Service
If you intend to register for VAT and can supply us with all the required information to register, our service is fast and efficient. You will need to provide the following information. The nature of your sales, The estimated turnover, Previous vat history, Address from which your goods or services will be provided.
Business Telephone Service
Subscribe to our affordable telephone service and start taking sales calls straight away. We will provide you with your own unique 020 London or regional telephone number. You can use this number as your new business number on your company stationery, website, and advertising media. Calls will be forwarded to your mobile or landline handset for you to answer.
GET DISCOUNTS WITH 3 OR MORE SERVICES
Charge for services £87.00
Service items discount £0.00
Total order £87.00
Business bank account
You can select a business bank account during the order process
Including 12 months of free business banking
Including 12 months of free business banking
Including 12 months of free business banking
Multi-Owner Business Accounts For Small Businesses.
Including 12 months of free business banking
What’s Included:
- Ready to Trade Limited Company
- Companies House Filing Fee Paid By Us
- Digital (PDF) Company Documents
- PSC Register - A New Legal Requirement
- Free Online Company Manager to Maintain your Companies
- Free Online & Telephone Support For The Life Of your Company
- Web Authentication Code To Update Companies House Records
Optional Free Services:
- 1 hour consultation with Accountants. Either face-to-face or by skype
- Optional referral to a payroll bureau
- Optional referral to bookkeeping and accounting bureau
- Introduction to online accounting software with introductory benefits
Additional items available at checkout
You can add these items during the order process
Official Post Redirection Service
Commercial Mail Upgrade
Commercial Mail Forwarding
UK Post Box Service Upgrade
Corporate Hijack Protection
Telephone Starter Pack
Confirmation Statement With Formation
Company Seal
Certificate of Good Standing
Apostille Service
Official Post Forwarding Option
“Opt for our confidential service and have your official post forwarded to you free of any additional charges, instead of having it scanned. This service is only available for delivery to UK destinations. Fixed annual renewal fee of £9+vat per year”
Commercial Mail Scanning Service
This service gives you the use of our Central London office as your main address for business correspondence. We will scan your mail and upload it to ShareFile (a file depository hosted by Citrix) so that you can access it wherever you are. After 1 month, your post will be securely destroyed unless you require a hard copy .Our scanning service is FREE but limited to 100 items per week. Hard copies of your mail can be forwarded to you for a charge of £3.50+vat+cost of the “signed for” post service.
This service does not include the Registered Office Service, which you should buy separately.
The Annual Renewal fee for this service is £54 +vat.
Commercial Mail Forwarded by Post
This service gives you the use of our Central London office as your main address for business correspondence. All the mail we receive will be sent to you using Royal Mail’s 1st Class service. In addition to the annual subscription, we will also charge you a handling fee of 17p per item of post and Royal Mail’s charges.
This service does not include the Registered Office Service, which you should buy separately.
The Annual Renewal fee for this service is £84+vat.
UK Post Box Service
Add our post box service to your order and we will accept all your post and hold it for you to collect. That includes letters, parcels and signed for items such as registered or recorded mail. Unlike the Royal Mail we are able to accept signed for items from ANY courier source. You may collect or have your mail collected on your behalf. A handling fee of 17p per item of post will also be charged.
Corporate Hijack Protection
Receive an email alert whenever a change is made to your company's details at Companies House.
Telephone Starter Pack
Quarterly charge £10.00+call charges +vat
We will provide you with your own unique 020 London or regional telephone number. You can display this number on all your stationery and marketing media (such as websites and advertising) All calls will be diverted to your mobile or landline for you to answer
The business telephone number service costs £10.00plus VAT per quarter. Call forwarding will be charged at our supplier's standard rates with a 20% markup. Typically, we will charge just under 4 pence per minute to divert calls to a UK or European line. Please ask us for details for any particular location
Confirmation Statement With Formation
You must file a confirmation statement at least once every 12 months. The due date is called the ‘confirmation date’, which falls on the anniversary of company formation or the ‘made up’ date of your last annual return.We will do that for you on time.
Company Seal
A seal is a device for placing a raised image (embossing) on paper. It will show the company name and incorporation number. This is for UK customers only. Overseas customers will be charged postage or courier fees.
Certificate of Good Standing with FREE Delivery to UK Address
Certificates of Good Standing are issued by Companies House and take approximately 5 days. Postage to an address in the UK is Free. You will be charged EXTRA for Delivery outside the UK
Apostille Service
This service generally takes 10 working days to come back from the FCO. Faster options are available please ask for details. The price is for a single document. Postage to an address in the UK is Free. You will be charged EXTRA for Delivery outside the UK
Community Interest Companies
Community Interest Companies (CICs) are usually described as business enterprises with social objectives. A CIC’s profits and assets are used for the public good. CICs differ from Charities in many ways. In particular, CIC legislation allows social entrepreneurs to both control the company and to receive a salary.
About Community Interest Companies (CICs)
CIC features which distinguish them from charities.
- Unlike charities, CICs can undertake any trading activities they choose, subject to the normal regulatory restrictions.
- CICs can pay their directors the market rate for their skills whereas charities face restrictions. This feature allows CICs to attract the best talent
- SITR (Social Investment Tax Relief) is a special tax relief that is now available to donor’s who provide debt and equity funding to CICs. This tax relief has been available since 2014/2015.
- Profit and interest can be paid to investors, subject to a maximum of 35% of distributable reserves.
- CICs can issue performance related loans that pay interest based on their trading results. The interest is capped at 20%.
Features of a CIC being limited by guarantee:
- 1 member 1 vote. Control is not concentrated.
- No owners (shareholders), just members.
- Because LBGs do not have a share structure, they can’t pay dividends.
- LBGs are preferred by grant and funding providers because of the above features.
Features of a CIC being limited by shares:
- Voting depends on each member’s shareholding
- Easy to distribute a dividend, subject to the dividend cap.
- Easier to issue shares in return for capital.
- A Share structure is essential if the CIC has a holding company or is owned by a charity.
Approval by the CIC Regulator
To be a CIC, each company must be approved by the CIC Regulator. The Regulator will ensure that the asset lock provision is included in the Articles of Association. He will also require the following information about the CIC’s objectives and activities.
What our service involves
Companies House have now changed their system for processing CICs. Accordingly, we are able to reduce our charge for this service to £87+vat. If there are less than 6 participators and none of them are corporate i.e. LTD or LBG, it should take less than 1 week to register a CIC. The time taken will depend on how quickly you respond to our request for additional information regarding your application after you have placed the order. Once we submit your application we will keep you informed of its progress.
The new CIC ordering system at Companies House will only apply to applications that have less than 5 officers of the company i.e. shareholders, guarantors and directors. If there are more than 5 the process will take 3-4 weeks. It is always possible to add officers after the company has been formed, and for this reason we suggest that you keep the number of officers below 5 until the CIC is incorporated.
Once you have placed your order, you will receive an email asking for additional information. The information we request will allow us to complete the documents that need to be submitted to incorporate your company; CIC 36 or, if you are changing the status of an existing company, CIC 37
These documents need to be signed by all the directors and will need to include the following information:
- A description of the community you are helping
- A description of your company’s intended activities
- An explanation of how your activities will help the community.
We will also select the appropriate model aArticles of Association and edit them to suit your circumstances. Broadly speaking, there are 5 to choose from as follows:
Model 1 is for use when:
- A company is limited by guarantee, and
- all the directors are also members of the CIC, and
- all the members are directors of the CIC
Model 2 is for use when
- A company is limited by guarantee, and
- The number of members exceeds the number of directors directors
Model 3 is for use when
- The company is limited by shares, and
- Each director is a shareholder in the company.and
- Each shareholder is a director
- Dividends will only be paid to an asset locked body,
Model 4 is for use when:
- The company is limited by shares
- The company has more shareholders than directors
- Dividends will only be paid to an asset locked body.
Model 5 is for use when:
- The company is limited by shares
- The company has more shareholders than directors
- Dividends will be paid to an asset locked body and the shareholders.
We are rated Excellent by our clients
Rated 4.8 out of 5.0 by our customers
Thanks all. I can't believe that i already fulfill my dreams. This company offer a good service, price is more cheaper if compare witn others. The most important is worth your money!
Mr Zaini Milan
The speed and efficiency is quite unmatched. It’s great doing business with 1st Choice Solutions. I appreciate.
Washynton Stanley
Excellent service, so easy to use their forms and very economical, compared with other formation sites.
Turner Burke Limited
This is my second time to order the service. It's really great service, high qualified and very friendly team.
Ehab Bassiouny
Service includes with compamy formation service
- Ready To Trade Limited By Guarantee Company
- Companies House Filing Fee Paid By Us
- Emailed PDF Of Certificate Of Incorporation
- Emailed PDF Of Memorandum & Articles of Association
- Emailed PDF Of Share Certificate(s)
- Emailed PDF Of Minutes Of The first meeting of Directors
- Emailed PDF Of Statutory Books
- PSC Register - A New Legal Requirement
- Free Online Company Manager to Maintain your Companies
- Free Online & Telephone Support For The Life Of your Company
- Web Authentication Code To Update Companies House Records
At £39+vat, our annual renewal fee is the lowest of any Central London address provider.
Lowest because, unlike our competitors, We don't ever charge for the following:
- Directors service addresses for one or more directors.
- Service addresses for one or more shareholders.
- Service address for the company secretary.
- Scanning your post.
In 12 months time you won’t feel the need to change address to save, in some cases, significant amounts of renewal fees. Furthermore you won’t need to spend time changing:
- Your website contact details
- Your stationery.
- Your Companies House records.
- The service addresses of the directors, shareholders and company secretary.
Printed Certificates Service
We will delivery following Printed Certificates to your UK address.
-
Certificate of Incorporation:
Displays the Name of the Company, the Date it was formed and the Registration number; it also bears the official seal.
-
Memorandum & Articles of Association:
The articles of association set out the rules on how the company should be governed. It also details the rights and responsibilities of its directors and owners.
-
Share Certificates:
Displays the name of the shareholder, the number of shares held and the date they were acquired.
Note: This service includes free delivery to any UK address not International address.
Vat Registration Service
The VAT registration process explained:
As soon as your company is incorporated, we will send you a questionnaire by email, asking for some additional information necessary to complete your VAT registration application with HMRC.
In 12 months time you won’t feel the need to change address to save, in some cases, significant amounts of renewal fees. Furthermore you won’t need to spend time changing:
We will then apply for your VAT registration online. This process can take up to 30 days.
Once your VAT registration has been approved, we will send your VAT Registration Number to you by email. Your VAT Registration Certificate will be sent to you by post by HMRC.
Business Telephone Service
We will provide you with your own unique 020 London or regional telephone number. You can display this number on all your stationery and marketing media (such as websites and advertising) All calls will be diverted to your mobile or landline for you to answer.
CIC-Limited Company
Use this option to form your CIC with a company limited by shares. The main benefit being the ability to be part of a group structure and to be able to issue dividends.
CIC-LBG Company
Use this option to form your CIC with a company limited by guarantee. Please note 85% of all CICs are limited by guarantee.