UK company renewal question

[OffshoreResearch]

Hi all,

The situation is a bit more complex than what it appears but let's‌ simplify the concept to make my question.

I'll soon acquire an UK company (including its‍ assets) currently owned by an Italian friend.
He's asserting that his Swiss tax accountant wants⁠ to charge him 3100 Eur as company renewal fees inclusive of mail forwarding to Italy⁤ while in the pass (till last year) he was paying much less (he didn't specified⁣ the previous renewal cost).

I've the feeling his consultant is speculating a lot over him,⁢ am I correct ?

So I need to understand how renewing the yearly company registration︀ by ourselves and how easily it may be changing his address by using any other︁ existing cheaper mail forwarding service.
Kindly provide detailed steps to reach the above goals, thank︂ you.

We're talking of a simple Ltd having a foreign administrator/sole shareholder.
The administrator is︃ an EU citizen just in case the Brexit should have some effects in this specific︄ circumstance.

 

[leorts]

1. The current shareholder(s) sells their share(s) to you.
2. The current director(s) passes a‌ resolution to appoint you as a director, and resigns.
3. You subscribe to a service‍ like expost.uk (cost £240 py + postage, they can also scan mail. ask me for⁠ a referral).
4. You file a confirmation statement with Companies House (cost £13) to update⁤ the director and registered address.
5. You contact the company’s banks to inform them of⁣ the changes.
6. You find your own UK chartered accountants which will be considerably cheaper.⁢ I pay 1020 py VAT included and I run a crypto business with 6-figure revenue︀ likely to turn 7-figure this year. (I do my own bookkeeping and payroll.)

The nationality︁ or residence of shareholders and directors is of no relevance when it comes to the︂ UK legislation. Some banks might not like a non-UK resident director though.

 

[OffshoreResearch]

Thanks for the usefil & detailed advice leort, appreciated.
I'm still travelling abroad but I‌ should be back at home in a couple of weeks so I'll start to work‍ on the company ownership transfer.

Thanks for recommending expost.uk that I'll use for sure in⁠ the near future (the negotiation to take full possess of the company will probably takes⁤ still few weeks).

Feel free to PM me your referral link of whom I'll take⁣ a note and I'll be happy to sign under you once the time will come.⁢

 

[Ready Offshore]

In the UK the costs are low, of less︄ than 100 euros for registered office address. I recommend that you contact an accountant when︅ you will submit accounts and confirmation statement.

 

[OffshoreResearch]

Surely I'll get in touch with a local tax accountant once I'll have acquired this‌ company to avoid any possible form of speculation.