Ready made companies are those that have been incorporated on a prior date.
In some circumstances a person might prefer to purchase an off the shelf company in preference to registering a new one. There are a number of reasons why this decision might be reached.
These include:
Ready Made Companies are Older
Many might believe that an older ready made company would stand them in better stead with third parties. Many organisations take into account the length of a company’s existence when determining a suitable credit scoring.
In addition, longer established businesses might be perceived to be more stable than those which have been recently incorporated.
Ready Made Companies Prices
Ready made companies are usually more expensive than their newly registered equivalents. The reason for this is that they are perceived to have the benefits noted above as well as they would have cost the original registrant in terms to holding the company on its books.
Depending on the age of the ready made company, the registrant might have paid annual return filing fees and amounts to prepare and submit statutory accounts.
Ready Made Companies and Business Names
It is often the case that the name of a ready made company is changed once it has been sold. The company formation agent might well offer this service in addition to the company sale itself.
When changing the name of a ready made company, the same rules which govern new business names would apply.
