Ainsworth & Co, Chartered Accountants and Business Advisors.

Limited Company Bank Account


Limited Company Bank Account


It is highly recommended that a Limited Company has its own bank account.

A limited company is a separate person in law, so to mix the company's financial matters with private bank accounts may lead to 'muddy waters' particularly if there are cash flow and insolvency issues.

Having a separate bank account(s) will enable a company to keep full and integral financial records, separate from the Directors and Shareholders.

If the company's Annual Accounts are prepared and filed by independent accountants, the bank account records will need to be reviewed.



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More Information About
Limited Companies


Companies House


Companies House is the home and registration place for all companies in England and Wales.
Companies House Link


GOV.UK


The UK Government is building a substantial website of information for businesses:
GOV.UK Link


Our Webpages:


Limited Company Formation

Setting Up A Limited Company

Shareholders' Guide

Directors' Guide

Director's Loan Account

Annual Accounts

Getting Paid from your Company

Limited Company Bookkeeping

Dividends

Limited Company Taxes

Confirmation Statement

Dormant Companies

Stationery