How to register a company name in the UK Ready to start a business? Follow these 8 steps to set up a limited company. Written by Emily Clark Updated on 12 November 2024 Our experts We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Written and reviewed by: Emily Clark Writer Registering a business name, also known as incorporation, is an important part of starting a new business.For sole traders, it isn’t compulsory to register a business name. But, if you’re launching a private limited company, you’re legally required to do so.Fortunately, registering a business name is quick and easy once you know what’s involved.We’ve broken down the process into eight simple steps for getting your business name registered, so you can start your journey to becoming a fully-fledged business owner. The 8 steps to registering a company name are: 1. Check company name 2. Decide on a company address 3. Choose a SIC code 4. Appoint a director 5. Outline company structure 6. Choose shareholders or Persons of Significant Control 7. Sign a statement of compliance 8. Pay a company formation fee Did you know? In the UK, there were 890,684 company incorporations in the financial year ending in 2024 – an 11.2% increase from the previous year. This was reported to be a record number of new company creations. 1. Check the company nameFirst, you’ll need to check that the company name you want hasn’t already been taken.You can do this by using the Company Name Availability Checker to make sure your ideal name isn’t already being used or is too similar to another company.If the name is available, simply click the link below to register it.Your registered company name doesn’t have to have the same name that you trade with; the latter is known as your “business name”. This means that while your registered company name is the official name under which your business is incorporated and recognised legally, you have the flexibility to use a different name for trading purposes.For example, a company might be registered as “EXAMPLE Enterprises Ltd”, but may choose to operate and market itself under a different name, such as “EXAMPLE Solutions”. This allows businesses to create a brand identity that resonates more with their target audience, while still complying with legal requirements by having a different registered name.What can my company name not include?You must not include the words Ltd, Limited, Limited Liability Partnership, LLP, PLC or Public Limited Company if none of these are true.Moreover, be careful about using punctuation, special characters or words commonly found in UK company names. For example, symbols like “@” or “#” can make your name difficult to process or register. Words like “Company”, “Services” or “Solutions” are also widely used in business names, so it’s important to choose a unique name that can help you stand out and avoid potential confusion with existing companies.Watch out for choosing a name that’s too similar to another business’s name as well, especially if it’s in the same industry. If your name sounds or looks almost the same as that of another business, it could cause confusion or even lead to legal trouble, especially if the other business has the name trademarked. Did you know? Companies House has rejected over 700 “offensive” business names. These include the likes of “Crappy Nappy”, “Bell End Motor Co” and the “Go F**k Yourself Club”.While names like this sound amusing, they’re not acceptable choices for a company name. So, when choosing your name, make sure it’s professional, respectful and aligns with the image you want to portray for your business. 2. Decide on an official company addressIf the company name you want is available (for now), then you need to register it to a UK postal address to have somewhere for official notifications to be sent.Simply create an account (email, name and password) on Companies House and then you’ll be prompted to enter your chosen company name and address.What should I use as my business address?This address must be in the same country you registered your business in, e.g. if you registered in Wales, your address should be somewhere in Wales.Your company address will be publicly available. If you want to keep your home address somewhat private/separate you may want to register your company with whoever will handle your company accounts and company tax (i.e. your accountant).Some company formation agents offer mail forwarding to companies who would like to give the impression they are operating from an office space or non-residential area. 3. Choose a SIC code for your companyNext, you’ll need to choose a “business activity”, meaning you’ll need to state what your business does by assigning a Standard Industrial Classification (SIC) code.You’ll first see a dropdown with the main category options (for example, 11xxx – Manufacture of beverages). After selecting one, a second dropdown will appear with more specific trade descriptions to choose from.You can add up to four SIC codes per company, and you can change them at a later date. 4. Appoint a company director or directorsYou’ll need to appoint at least one company director. The director is the person who is legally responsible for running the business and ensuring that reports and company accounts are prepared. The director must be aged 16 or over and cannot be disqualified from being a director.Each director must have two addresses associated with them:A publicly available official service addressA residential address which will not appear on the public recordIf the service address is the same as the company address, you’ll need to add an alternative residential address.Finally, you’ll need to confirm that the person named has agreed to act as a director by attaching a letter of consent to your application form. 5. Outline your proposed company share structureLimited companies are made up of shares and you will need to provide information about these shares when registering your company; this is known as a “statement of capital”.In this section, you’ll need to list the number of shares for each type. There are generally nine classes (or types of shares) that are recognised in the UK, each with different rights and benefits. These include:Ordinary Shares: The most common type that gives shareholders voting rights and dividends.Preference Shares: Shareholders receive dividends before ordinary shareholders but typically without voting rights.Cumulative Preference Shares: If dividends are missed, they accumulate and must be paid out before any dividends to ordinary shareholders.Redeemable Shares: These can be bought back by the company at a future date.Non-Redeemable Shares: On the flip side, these cannot be bought back by the company.Convertible Shares: These can be changed into another type of share (usually ordinary shares), under certain conditions.Non-Voting Shares: This does not give the shareholder any voting rights.Deferred Shares: Dividends are paid only after shareholders have received theirs.Alphabet Shares: These allow the company to assign different rights (e.g. dividend payments or voting rights) to different groups of shareholders.There is no maximum amount of shares and you can apply any value to an individual share, as well as noting the specific rights each share has (e.g. full rights in the company with respect to voting, dividends and distributions).Once you’ve determined the aggregate nominal value (ie the initial value of the company), you’ll have to confirm if there is any money left unpaid to the company for this nominal value. If no amount is left unpaid, simply enter zero. 6. Choose your company shareholders or Persons of Significant ControlSince limited companies are made up of shares, you must have at least one shareholder, or ‘subscriber’. If you are the only one who owns shares in the company, then you own 100% of the company.You will need to add an address for each subscriber that appears on the public record, plus any three security details to act as an online signature (e.g. your mother’s maiden name or the first three letters of your eye colour).Under UK law, if a subscriber (or any shareholder) holds more than 25% of the shares in a company, they must be listed as a Person with Significant Control (PSC). This has been in place since the introduction of the PSC register in 2016.Most companies will have at least one person with significant control or influence over the company, and you’ll need to select the nature of that control. For example, ownership of shares, voting rights and/or the right to appoint or remove the majority of the board of directors.As with step four, you’ll need to confirm that each subscriber knows that their details are being provided as part of this company formation. 7. Sign a statement of complianceAs company formation is a legal exercise, you will need to confirm the requirements of the Companies Act as to registration have been adhered to, and that you have viewed and accepted the Memorandum of Association relating to the rules of running a business.Don’t worry – this step is as simple as ticking a few boxes. 8. Pay a company formation feeUnfortunately, nothing comes for free in this world. As a final step, you’ll have to pay a fee to register your company online.How much does it cost to register a business name?The fees for registering and incorporating your business are £50 online and £71 by paper. To register a limited liability partnership (LLP), it costs £50 to register through software and £71 by paper.You can also check the Companies House fees page for more information.Don’t forget that once you’ve completed your company registration, you’ll also need to:Open a business bank accountRegister your company for corporation tax within three months of tradingConclusionRegistering your business name is an exciting first step toward turning your entrepreneurial dreams into reality. By following these eight simple steps, you’ll have your company officially registered and ready to start operating.Just remember to check the availability of your company name, choose the right SIC code, appoint a director, outline your share structure, and provide all the necessary details for shareholders and Persons with Significant Control. After that, you’ll just need to pay a registration fee and you’re all set!Once everything is in place, you can focus on growing your business, building your brand and working towards long term success. Share this post facebook twitter linkedin Tags Essential Guides Written by: Emily Clark Writer With over 3 years expertise in Fintech, Emily has first hand experience of both startup culture and creating a diverse range of creative and technical content. As Startups Writer, her news articles and topical pieces cover the small business landscape and keep our SME audience up to date on everything they need to know.