§ Mr. MacleanTo ask the Secretary of State for Trade and Industry if he will estimate the total cost of incorporation, including professional fees, incurred by a business with profits of under £50,000 per annum. [76788]
§ Dr. Howells[holding answer 16 March 1999]: The prescribed fee charged by the Registrar of Companies for incorporating any company is £20 for the normal five day service. A "premium", same day, service is also available for £100.
Many people choose to use the services of a formation agent or other professional intermediary to carry out the incorporation for them. In such cases the total cost can vary considerably depending on the intermediary used and the nature of the service provided. Such additional costs are subject to normal market force.