A Limited Company is a legal entity in its own right and this is fundamental in understanding how a Limited Company operates. It can be confusing what type of business to trade through when first starting out, and there are a number of reasons you might find it beneficial to choose a Limited Company.

A Limited Company has many advantages, perhaps the most important of which being limited liability. Limited liability means that the company’s assets are kept entirely separate from the business owners’ personal assets (and therefore in direct contrast with Sole Traders and Partnerships), and so if the company gets into financial difficulty the business owners’ assets will be unaffected. So if you have personal assets such as property that you wish to safeguard this is typically the safest option to choose.

Limited Companies also have a perceived prestige over a Sole Trade or Partnership business. If you are seeking investment for your business then a Limited Company will typically be the right option due to the share structure that a company has along with the way a company separates business assets from personal ones.

There are many other considerations to keep in mind when forming a Limited Company such as the legal responsibilities each director has, and that some information on your company will be publicly available via the Companies House website.

Our Services for Limited Companies

Year End Accounts

We’ll produce a full set of annual accounts complying with all the latest Companies Act regulations and Accounting Standards.

Company Tax Return

We’ll complete the Company’s Tax Return, including maximising your R&D and Capital Allowance claims.

Tax Efficient Advice

Combining corporate and individual tax planning, including advice on levels of remuneration, benefits in kind and dividend policy. In depth review and advice on the company structure and shareholdings.

Online Access

Access to cloud computing software to help the business better manage its revenues and outgoings with full technical support.


On hand to meet all of your Payroll needs. Compliance with your HMRC RTI filing and assisting you with your Auto Enrolment Pension requirements.

Virtual Finance Director

Supporting your business with the expertise of a FD without the cost!

Why Limited Companies LOVE Thompson Reid

As a client of Thompson Reid you will be given your own dedicated ACCA qualified accountant who you can speak to as often as you like.

We take care of all of your Companies House filing requirements and we even provide a registered office service free of charge.

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Contact us


Lime House,
75 Church Road,
Tiptree, Essex,
CO5 0HB.

Phone Number

01621 887575

E-mail Address