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5. Company Details

eSeller Package with business banking

Set up your e-commerce company today, with a choice
of Payoneer or Wise multi-currency bank accounts.

Your new company name:

Ideal for e-commerce and dropshipping

£99.99 £59.99
Buy Now

A package suitable for those selling via their own e-commerce website, or through Amazon, eBay, Walmart, providing:

  • Limited company formation
  • Payoneer UK & International business banking
  • Wise UK business banking
  • Prestigious London registered office and business address
  • Filing of first confirmation statement

UK and International business banking

We have partnered with Payoneer and Wise to offer our e-commerce customers UK and International business accounts from the market leaders in the e-commerce payments space. For more information - see below.

Prestigious London address services

The package includes our 3 Covent Garden address services. These enable you to use our renowned location as your Registered Office, Service Address, and Business Address.

How much will I save by choosing this package?

If you were to buy the items included in this package individually, it would cost a total of £328.99. Therefore, at a discounted price of £59.99, you will enjoy a huge saving of £269.00 +VAT.

Payoneer

We've partnered with Payoneer to help our e-commerce customers get easy access to UK, and international, business bank accounts. Your account will be in your business name and is offered in 10 currencies; including GBP, EUR and USD.

Payoneer accounts are built specifically for eSellers and dropshippers trading globally.

By registering using this offer, you will receive a $50 reward, as well as 25% discount on the cost of converting currency on their platform.

Your account will be issued within 1-2 business days.

Wise

A simple and quick business banking solution for customers setting up their own e-commerce and dropshipping businesses.

Wise gives you international banking with global reach. Send money to more than 70 countries, and accept (and hold) money in more than 50 currencies.

As soon as your company has been incorporated we’ll email you a link with instructions on opening your business account. Once actioned, you’ll soon get your UK sort code and account number.

There is a fixed one-time onboarding fee of £45.00 (or equivalent in local currency).

Package Features:

Company Formation

Private Company
Limited by Shares

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Private Company Limited by Shares

Your new company will usually be formed within 3 to 6 working hours; however, this timescale is subject to Companies House workload and it may take longer. If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.

Once your new company has been approved by Companies House, you can start trading immediately.

Companies House
£12.00 Filing Fee Included

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Companies House £12.00 Filing Fee Included

Companies House charge a £12.00 filing fee for company incorporation. This is included in the package price, so what you see is what you pay - there are no hidden costs.

Email Copy of Certificate of
Incorporation, Share Certificate(s),
Memorandum & Articles

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Email Copy of your Company Documents

As soon as your company is registered at Companies House we will deliver a full set of company documents to you by email, including:

  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Share Certificate(s)
  • WebFiling Authentication Code (required to use Companies House WebFiling system)

12-month Cancellation Protection

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12-month Cancellation Protection

Save money and time by purchasing our cancellation protection.

If you change your mind and decide you no longer need your company, within the first 12 months of forming it, we will close the company for you.

This product includes the Companies House fee, completion and filing of the DS01 form (the application to strike off a company), Board Resolution to approve the dissolution, and continued use of our Registered Office and Service Address until your company is closed down.

Please note: You must claim your cancellation protection within 12 months of the date of incorporation of your company. This product expires after 12 months and cannot be renewed.

Banking Essentials

Payoneer UK &
International Business Banking

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Payoneer UK and International Business Bank Accounts

We've partnered with Payoneer to help our eSeller customers get easy access to UK and international business bank accounts. These accounts will be in your business name and are offered in 10 currencies; including GBP, EUR and USD.

As a short summary, you will receive:

  • Free localised bank accounts in 10 currencies
  • Market-leading rates for any currency conversions and international payments
  • Ability to pay over 200 countries in 150+ currencies
  • GBP/EUR/USD MasterCard – up to 50 virtual cards
  • No fees for maintenance, to receive, or to hold funds
  • Unlimited transactions
  • Dedicated account manager

Payoneer are the market leader in the e-commerce payments space – handling over $50bn in payments per year. Their product is built specifically for eSellers and dropshippers trading globally.

By registering with Payoneer, you will receive a $50 reward, as well as 25% discount on the cost of converting currency on their platform.

Your account will be issued (subject to approval by Payoneer) within 1-2 business days.

Wise UK Business Banking

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Wise UK Business Account

We have partnered with Wise (formerly TransferWise) to provide our Non-UK resident customers with international business banking.

Create an account in minutes and get access to the following bank details to receive money for free and hold money in over 50 currencies – all with zero fees:

  • British account number and sort code
  • European IBAN
  • US account number and routing number
  • Australian account number and BSB code

A Wise Business Account provides worldwide coverage, allowing you to send money to 70+ countries, and receive and hold 50+ currencies.

There is a fixed one-time fee to obtain access to your international account details of £45.00 (or equivalent in local currency). This is a one-time fee that you pay regardless of how many international account details you open.

What happens next?

As soon as your company is approved by Companies House, we will send you an order fulfilled email, which will include a link to sign up for a new Wise Business Account.

Address Services

London Registered Office Address
(with same-day digital mail service)*

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Registered Office Service
Covent Garden, London WC2

The Registered Office will appear on public record as the official address of your company. With this service, our prestigious Covent Garden address will appear on public record rather than your home address.

We will then scan and email all statutory company mail to you, from all UK government bodies and Court documents, free of charge.

This service is renewable on a 12 monthly basis at the cost of £39.00 +VAT. Notice will always be given in advance of your renewal date and you will be able to cancel the service.

Please note: The forwarding of official government mail by scan and email is free. Mail will be forwarded on a daily basis.

1 x London Service Address
(with same-day digital mail service)*

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1 x Service Address
Covent Garden, London WC2

All company directors, shareholders who are persons with significant control (PSC), and company secretaries, must provide a service address where statutory mail from government bodies such as Companies House and HMRC can be sent to them personally. This address will appear on public record, so most people prefer not to use their home address for this purpose.

With this facility, our prestigious Covent Garden address will show on the public record rather than your home address. This service includes the scanning and emailing of mail addressed to a company officer from all UK government bodies, as well as Court documents, free of charge.

This item provides a service address for 1 person and is renewable on a 12 month basis at a cost of £26.00 +VAT. Notice will always be given in advance of your renewal date and you will be able to cancel the service.

Please note: Forwarding of service address mail by scan and email is free of charge. Mail will be forwarded on a daily basis.

London Business Address Service
(includes International Forwarding)*

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London Business Address Service

1st Formations' London business address service allows you to use our prestigious Covent Garden address for your day-to-day business correspondence.

A business address in the heart of London’s West End is an excellent way to enhance the corporate image of your company and establish a business presence in an important area.

All mail addressed to your company will be forwarded to you at an address of your choice by first class post, on a daily basis.

This service is renewable on a 12 monthly basis at the cost of £96.00 +VAT. Notice will always be given in advance of your renewal date and you will be able to cancel the service.

Mail Delivery
All mail forwarding to you will be charged at Royal Mail postal rates plus 15%.

Alternatively, you can request a digital mail delivery service, where all mail is scanned and emailed to you at a cost of £0.50 per letter. All items of value will continue to be posted to you.

Business Essentials

Free .com or .co.uk Domain Name

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Free .com or .co.uk Domain Name

We have partnered with one of the UK’s leading domain name providers to offer you a free .co.uk domain name for 1 year, and help establish the online presence of your new business.

How it works: As soon as your company is approved by Companies House, we will send you an order fulfilled email, which will include your exclusive voucher and a link to the Names.co.uk website. You should proceed to order your .com or .co.uk domain name and apply the voucher code at checkout. This code will expire in 30 days so take advantage of the offer and get your .com or .co.uk domain name now.

Please note: The price of a co.uk domain will be £0.00 (Ex VAT) when registered with names.co.uk for 1 year using the voucher code supplied. Discounts apply for the first billing period only and do not apply to renewals. Offer must be redeemed within 30 days and cannot be used in conjunction with any other offer. This offer may be withdrawn at any time at the discretion of Namesco Limited. Standard terms & conditions apply. Limited to 1 per customer.

Filing of the first
Confirmation Statement

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Filing of the first
Confirmation Statement

It is a legal requirement to submit a Confirmation Statement to Companies House at least once each year, keeping them informed and up-to-date with your latest company details.

The Confirmation Statement is basically a snapshot of general information about your company on the date of filing the Statement. It includes details of the company’s principal business activity, directors (and company secretary if applicable), the registered office, share capital, shareholdings and people with significant control.

An experienced member of our staff will prepare and submit your Confirmation Statement to Companies House before the due date, ensuring this will be done on time and with total accuracy.

The Confirmation Statement should not be confused with the annual accounts, which are financial documents, usually prepared by an accountant.

Please note: The Companies House filing fee of £13.00 is not included. At the time of filing your first confirmation statement, we will take payment of £13.00 using your payment card details stored securely in your account.

This service is renewable every 12 months for £44.99 (which includes the £13.00 filing fee). Notice will always be given in advance of your renewal date, and you will be able to cancel the service.

Ultimate Guide
to Starting Your Business

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Ultimate Guide to Starting Your Business – eBook

Our exclusive guide to starting your business by our CEO and Founder, Graeme Donnelly, will provide you with the comprehensive guidance you need to give your company the best start possible.

Our book shows you how to cultivate a business idea and turn it into a structured business plan. It explains the funding strategies available, and explores various matters such as, whether you should hire staff to help run it, and the do’s and don’ts of researching company premises.

Learn how to set up a company website, develop a recognisable brand, advertise and market your business, and sell your products online.

Also covered are the skills you will require to become a successful business leader, and how to cope with the stress of running your own business, as well as a number of other insightful business tips.

How do I receive my eBook?

Your free eBook will be sent to you by email in PDF format, once your company has been formed.

Author: Graeme Donnelly, CEO and Founder of 1st Formations. 70 pages.

Free Online
Company Manager

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Online Company Manager

Our Online Company Manager system allows you to take full control of your company details from one central login:

  • Receive e-mail reminders of key filing dates to avoid missing deadlines and incurring penalties.
  • Make changes to company officer details, addresses, change accounting dates and file confirmation statements online.
  • Form new companies without having to re-enter all the same information each time.
  • Import existing companies, and control all of your business in one place.
  • View and download your company documents easily.
  • View and download your official government and business mail.
  • Purchase additional products and services from the Shop.
  • Manage your payment cards.
  • Renew your annual subscription services.
  • * All registered office and service address mail (official government mail) will be scanned and emailed to you free of charge. Business address mail will be forwarded to you at Royal Mail postal rates plus 15% handling charge.

Prefer to order by telephone?

If you are not confident forming your company online - call our friendly team and we will complete your order by telephone.

Frequently asked questions

Are there other company formation packages available?

Yes. We offer a number of packages. This package has been created specifically for customers who will be working in e-commerce and dropshipping.

Do I have to use the address services?

This package includes our London Registered Office Address, London Service Address and London Business Address. Each service offers a number of benefits, however, you are welcome to use an alternative address for each of these if you wish.

Will my company mail be forwarded to me?

Official government mail that is delivered to our address will be scanned and emailed to you at no cost. General business mail that is delivered to our address will be sent on via Royal Mail (you will be charged Royal Mail postage plus a 15% handling fee), regardless of where in the world you live.

What banking options are included with this package?

We have partnerships in place with a number of leading business bank providers. With this package our UK-based customers can choose from Barclays, NatWest, Tide, Monzo, Mettle, Cashplus, Anna, Countingup, Payoneer and Wise. Our non-UK based customers can choose from Payoneer and Wise. You will have the option to select the bank during the company formation process. Once your company has been formed you will receive further information about opening your account.

What is the confirmation statement?

It is a report that all companies must deliver, on an annual basis, to Companies House. With this package we will take care of the preparation and filing of your company’s first confirmation statement. If you wish for us to file a subsequent confirmation statement, you can renew the service at £44.99.

Will you file my annual accounts?

No, but you do have the option to add a free consultation with an accountant when at the Checkout page

Are there any extra costs?

General business mail that is delivered to our address, as a result of you using our Business Address Service, will be sent via Royal Mail. You will be charged Royal Mail postage plus a 15% handling fee for this mail. The package price does not include the £13 confirmation statement filing fee, required by Companies House. This will be taken from the card that we securely hold on your account when the confirmation statement is filed.

Do I need to supply proof of ID?

All company formation agents, including ourselves, have a legal requirement to check Proof of ID and Address documents. You can read more about our ID requirements here.

What is the annual renewal fee?

The three address services (Registered Office, Service Address and Business Address) are renewable at a total cost of £161.00 and the filing of your confirmation statement statement service which can also be renewed annually at a cost of £44.99.

« 1st Formations had the most useful and competitive packages and their ordering process seemed so much easier than incorporating directly with Companies House. »

Thom Dhar
1st Formations Customer
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