Company Limited by Guarantee

A non-profit making company that will have no commercial value.

Features

The company does not have a share capital and its members are guarantors and not shareholders. The members’ liability is limited to the amount they agree to contribute to the company’s assets in the event the company is wound up.

A Limited by Guarantee Company can take on two forms:

  • A Charity Company*, which dedicates its surplus to “charitable causes”
  • A Not for Profit Company
.

Examples:

  • Social and Sports clubs
  • Churches
  • Charitable organisations
  • Membership organisations
  • Unions
  • Co-operatives
.

Who Is It For?

A Limited by Guarantee Company is aimed at groups of people who want to establish a corporate entity to raise money and promote the aims of their organisation.

Benefits:

  • Adds transparency and gives more credibility
  • Enables the opening of a business bank account in the company name
  • Enables Intellectual Property to be registered under the company name
  • Specific company objects will be listed in the Articles of Association at the time of incorporation
  • Facilitates Charity Commission registration*
.

All the other information required is the same as a company limited by shares. A private company limited by guarantee can apply to be exempted from the requirement to include ‘ltd’ or ‘limited’ from its name. Just let us know and we’ll organise it for you.

*Please note that this service does NOT register your company as a Charity with the Charities Commission.

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“Very impressive service from start to finish. Everything was completed quickly with documents arriving within three working days. Companies House registration was done right away. The price is very reasonable and they really go the extra mile to help you. Highly recommended.”

Mr M Richards

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