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Vintage Companies for Sale

 

Vintage Companies For Sale - What is a vintage company?


Vintage Companies are limited companies that were incorporated many years ago and have been put on hold for a minimum of one year before being offered up for acquisition. Opting for these Vintage Companies can help with acquiring credibility with your trading partners, your suppliers, getting trade accounts and preferential treatment from banks.


Vintage Companies for Sale are suitable for individuals who have a specific reason for acquiring an older company.  The majority of vintage companies can be either “dormant” or “off the shelf” companies. However some vintage companies may have a trading history, along with VAT registration and a company bank account.


The Advantages of Vintage Companies for Sale


It can be better to use a vintage company instead of setting up a brand new company for a number of reasons:

 

  • Creating a history for the business. The original date of registration gives the appearance that a vintage company is much older and therefore will seem to have a better reputation than a new freshly established business.
  • An earlier registered company name is less likely to be rejected or have any objections raised against it.   Retaining the original name will protect this advantage.

 

  • Good accounts. A year after formation all companies are obliged to lodge their annual returns and accounts with Companies House; even if the company has never traded, this is still mandatory. Therefore accounts and the annual returns for the firm will have been appropriately and correctly submitted via the formation agents.
  • Opportunities to bid on contracts. Some authorities especially government ones insist that a company must be in business for a specific length of time to be able to tender.

 

  • Many distributors and manufacturers also specify that a company needs to have been operating for a defined period of time in order to tender for contracts.
  • Certain companies will only trade with other companies that have been in existence for at least one year

 

  • People tend to be more confident dealing with an established company.
  • Acquiring corporate credit cards, loans from a bank, as well as extended credit facilities are more straightforward if a company can demonstrate that it was started a while ago.

 

  • Establishing credit with investors and leasing companies becomes easier the older the company is.

 

Many formation agents will be able to offer Vintage Companies for Sale and as part of the acquisition package they will usually provide:

 

  • Certificate of Incorporation (Original copy).
  • Certificate confirming that the Company has never traded, if applicable.
  • Copies of the Articles of Association.
  • Copies of the Memorandum.
  • Vintage Companies for SaleShare Transfer Forms & Share Certificates.
  • Officers Register (including allotments, charges and any interests).
  • Shareholders Register (including allotments, charges and any interests).

 

Finally, these Vintage Companies for Sale are provided with a company name already assigned, but it is possible to change the name of vintage companies if you feel it is not what you want.  Formation agents will be able to do this on your behalf but they may well charge a small fee for doing this.