What is shelf company or ready made company ?
A ready made company or shelf company is formed by company registration agents and can be transferred to a person wishing to use a company. The company will have carried on no activities and can be taken over by changing the directors and the secretary (and usually the name). The requirement for ready made companies has been much reduced in recent years. Electronic Incorporation enables us to form tailor made companies to order within 24 hours, so generally we do not provide shelf company or ready made company to clients. Although the ready made company may be available for purchase immediately, it will take a few days to lodge appointments of the new officers and for these appointments to appear on the Companies House record. This will inevitably delay the opening of a bank account for the company.