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CIC Company Formation
£125Community 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 
Maintain your privacy with this package. Our registered office service is an address in the heart of Central London’s (WC1) business and professional district. Any user of the service can also have free address services for all their officers (directors, shareholders, and company secretary) for the first year. Official post will be scanned and uploaded to our secure online document storage system, which you can access 24/7. Upgrades to this service are available to suit your requirements.
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.
Confirmation Statement Service
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.
GET DISCOUNTS WITH 3 OR MORE SERVICES
Charge for services £125.00
Service items discount £0.00
Total order £125.00
Business bank account
You can select a business bank account during the order process
Including 12 months of free business banking
Including 30 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
Application Review
ICO Registration Service
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 our Smart Docustore system 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 £66 +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.
Application Review
Use this service to check your application. We will ensure that you don’t make any costly mistakes that will need to be rectified after your company has been created.
ICO Registration Service
Under the Data Protection (Charges and Information) Regulations 2018, individuals and organisations that process personal data must be registered with and pay a data protection fee to the Information Commissioner's Office (ICO) unless they are exempt. All companies and LLPs registered in the UK are subject to these rules, even if non-Uk residents own them.
If you apply for this service we will need additional information to complete the application to the ICO. We will request this information by emailing you when your company has been registered. When we have your information, we will make your application to the ICO. The process takes about 10 working days.
Once the ICO has accepted your application, we will email your ICO registration number and security code. You can publish your registration on all your media material to show that you take data protection seriously.
Our service includes the £40 registration fee payable to the ICO.
The ICO registartion has to be renewed by you each year.
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 £125+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 4.9 out of 5.0 based on 2051 reviews
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
Our annual renewal fee for this service is £39+vat and £10+vat for the use of the director’s service address for all officers of the company. No matter how many officers (directors, company secretary, shareholders, guarantors) in your company use our service address, the price is fixed at £10. If none of your company officers are using the directors service address then you will not be charged the additional £10 directors service address fee. Our combined charges are lower than any other Central London address provider.
The service includes:
- Scanning your official post free of charge unless you use the confidential service.
- Storing your post in our secure Smart Docustore online portal.
- 24/7 access to your password protected post using 2 step verification.
- Support line and chatbox to deal with instructions regarding your post.
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.
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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.
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.
Please note that non-uk residents forming UK companies are unlikely to obtain vat registration unless they also have a UK based VAT agent.
Confirmation Statement Service
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.
This includes a £34 Companies House filing fee following their recently announced price increases which are effective from 1st May.
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.