What is Business Startup and Company Formation?
Limited company formation, also known as incorporation, is the process of creating and registering a legal entity under the Companies Act 2006. This defines the structure under which your business operates.
A business startup refers to a company in the first stage of operations, usually founded by entrepreneurs who want to develop an idea or product to meet demand or fill a market gap. In the UK, all companies must be registered with Companies House, and each company must have at least one named director.
Starting a business can feel complex, especially when dealing with regulations, documentation, and compliance. That’s why we simplify the process — guiding you step-by-step through what you need to do and ensuring every legal requirement is covered. Whether you’re forming a limited company or sole proprietorship, MPS helps you get it right from the beginning.
Private Limited vs Public Limited Companies
Companies are often referred to as “limited” because the directors’ liability is restricted by law. Private limited (Ltd.) companies are created through incorporation with Companies House. Public limited companies (PLC), on the other hand, can have their shares traded on a regulated market — often as a later stage in their business journey.
Choosing between a private or public limited company depends on your goals, ownership structure, and growth plans. Private limited companies are ideal for small to medium-sized businesses that want flexibility and control. Public limited companies suit larger organisations seeking to raise capital through public investment. Our experts can help you decide which structure best fits your ambitions.
How MPS Can Help You
MPS offers a complete company formation service that goes beyond paperwork. We help you understand whether incorporation is right for you, explain the responsibilities of directorship, and guide you through the process. With us, you can receive your certificate of incorporation and become a director within 72 hours.
Beyond registration, we assist you with setting up your accounting system, VAT registration, and HMRC correspondence — everything you need to start trading smoothly. Our team ensures your business is compliant from day one, giving you the confidence to focus on growth rather than administration.
Why Choose Our Company Formation Service?
Our services are designed for small businesses and start-ups. At MPS, we operate with diligence and integrity, ensuring compliance and transparency at every step. We tailor our approach to your business, your goals, and your long-term success.
What makes us different is our hands-on approach. We don’t just form your company — we help you understand what comes next. From setting up your tax accounts to building a bookkeeping system, we make sure your business starts on a solid financial foundation.
Client Relationships
Running a small business can be demanding. That’s why we prioritise building strong, lasting relationships with our clients. We take time to understand your business and provide accounting solutions that are practical, personal, and effective.
With MPS, you’re not just a client number — you’re a partner. We stay in touch, offer proactive advice, and help you adapt as your business evolves. Our goal is to create trust and consistency so you always feel supported and informed.
Smart Growth
We’ve developed a process-driven approach called Smart Growth, which uses the latest technology to help you manage and scale your business. Our system gives you financial clarity, helping you make confident decisions and drive sustainable growth.
Through Smart Growth, we integrate cloud-based accounting, forecasting tools, and real-time reporting. This gives you a clear picture of your financial position, allowing smarter planning and better performance tracking.
Quality Expertise
With more than 25 years of experience, MPS has supported hundreds of businesses across industries. From taxation and compliance to strategy and planning, our team offers the expertise you need to grow with confidence.
We combine traditional accounting knowledge with modern systems, ensuring you get the best of both worlds. Our experienced advisors are always up to date with HMRC regulations and accounting standards, keeping your business compliant and future-ready.
Accounting Services for Startups
Once your business is registered, MPS provides a full suite of accounting services to keep your company compliant and financially healthy. Whether you’re in trades, retail, services, or hospitality, our aim is to help you thrive.
We handle the details — so you can focus on running your business. From bookkeeping and payroll to tax filing and planning, everything we do is designed to save you time, reduce stress, and improve efficiency.
- Annual Accounts – Accurate preparation and timely filing of your accounts, with expert tax planning to maximise savings.
- Bookkeeping – Simple, reliable bookkeeping systems that give you clear visibility of your finances with predictable fixed fees.
- Payroll (PAYE) – A complete payroll solution using secure cloud-based software, including HR database support.
- Corporate & Business Tax – Hassle-free corporation tax services, ensuring you meet every deadline and pay the correct amount.
- Personal Tax – Flexible support for your personal tax return, tailored to make the process stress-free and accurate.
Start Your Business with Confidence
Whether you’re starting your first company or expanding into a new venture, MPS Payroll provides the expertise, compliance, and personalised support you need to succeed. Speak to us today for a free consultation.
With MPS by your side, you’ll have clarity, compliance, and confidence — right from the start. Let’s turn your idea into a registered, operational business with the systems and support you need to grow.
