Terms and Conditions

By using our website, you agree to comply with and be bound by our terms and conditions. These terms govern your use of the site, and your
continued use signifies your acceptance of all terms, policies, and conditions outlined.

1: Background

The following Terms and Conditions apply to your usage of the website for the setting up of a limited company provided by Property SPV. They establish the agreement between you and Property SPV and are applicable whether you access the website as a guest or a registered customer. You must read and agree to these terms and conditions before placing an order for services. If you do not agree to adhere to and be bound by these “Terms and Conditions”, you will be unable to order services from us, including but not limited to through our website.

2: Definitions and Interpretation

Company refers to the legal entity, such as a limited company, LLC, or any other form of legal entity, that is being established and/or managed for you by us according to the contract.

Data Protection Legislation covers all relevant laws currently in effect in the United Kingdom concerning data protection and privacy. This includes, but is not limited to, the UK GDPR (which is the retained EU law version of the General Data Protection Regulation ((EU) 2016/679) incorporated into the legal framework of England and Wales, Scotland, and Northern Ireland by the European Union (Withdrawal) Act 2018); the Data Protection Act 2018 (and its associated regulations); and the amended Privacy and Electronic Communications Regulations 2003.

Consumer will be defined according to the description provided in section 12 of the Unfair Contract Terms Act 1977.

General Terms and Conditionsrefers to these Terms and Conditions.

Web site ,Website orSite refers to the specific webpage you were viewing when you accessed these General and Special Terms and Conditions, along with any additional pages connected to it.

Services refers to the services that we are committed to providing to you, as outlined and confirmed in your order.

We ,Us Our, and Ourselves refers to the specific webpage you were viewing when you accessed these General and Special Terms and Conditions, along with any additional pages connected to it.

3: Use of Our Website

By accessing propertyspv.co.uk and its subsidiary web pages, you agree to the General Terms and Conditions.

The material on the website and social media pages is for information purposes only and should not be relied upon as legal, accounting, or professional advice.

Public comments posted on the website and social media can be viewed by others, and the website owners have no liability for their use by third parties.

Access to Our Site is free of charge, provided “as is,” and subject to Our Website Terms and Conditions. Please ensure that you have read them carefully and understand them.

4: Limitations of Liability (specific)

We do not assume liability for errors or omissions in the company formation information submitted via our website. If Companies House rejects your company formation application, no refunds will be provided for services purchased from us.

Company Removal: We are not liable if your company is struck off or removed from the register due to reasons beyond our control.

Timely Document Delivery: While we aim to promptly send relevant documents for Company Formation Services, we accept no liability for any delivery delays.

Name Selection Responsibility: It is solely your duty to ensure that your chosen company or domain name is legally available and can be used by the company. Additionally, any issues arising from your chosen company name are your responsibility.

Setting Up of a Limited Company Process and Delays: As an online company formation agent, we utilise a secure electronic filing system to submit your applications to Companies House. Please note that setting up of a limited company is subject to Companies House operating systems. Delays may occur due to system failures or other circumstances beyond our control, such as incorrect information provided during the order placement. We do not assume liability for any losses or damages resulting from delays in completing your order.

Authorisation for Statutory Documents: By consenting to these Terms of Sale, you authorise us to prepare and submit necessary statutory documents for initiating or terminating services.

5: Requirements for company incorporation via our website

Company Name and Registered Offices:

Choosing a Company Name: When incorporating, selecting a suitable company name is crucial. Ensure that your chosen name is not already listed in the Registrar of Companies. Additionally, check against the UK Intellectual Property Office’s trademarks register to avoid infringing on existing trademarks.

Name Considerations: Your business name should not mislead or harm the public. Certain words and phrases require approval from the Secretary of State.

Registered Office: You must designate an official address for your business, known as the registered office. Government agencies, such as HMRC, will send important legal notices and updates to this address.

Members, Officers, and Persons of Significant Control (PSC):

Directors and Officers: The number of directors and officers required depends on the type of business. For private companies, at least one director is necessary (unless specified otherwise in the company’s constitution). Public companies need at least two directors, one of whom must be an individual.

Persons with Significant Control (PSC): Identify all PSCs (usually shareholders or guarantors) who have significant control over the company.

Minimum Age Requirement: Individuals under 16 years old cannot register limited companies or limited liability (LLPs). Only those meeting the legal minimum age can hold positions as directors, company secretaries, or LLP members. Shareholding is restricted to private companies limited by shares for underage individuals.

Bankruptcy Restrictions: Undischarged bankrupts are prohibited from registering a limited company and holding director or company secretary positions. They may only hold shares in private companies limited by shares.

Disqualified Directors Register: Individuals listed on the Disqualified Directors Register cannot register a limited company or LLP. Disqualified directors cannot act as company directors, secretaries, or LLP members unless granted permission by the appropriate court. Shareholding is limited to private companies limited by shares for disqualified directors.

Responsibility and Liability: The company formation applicant is responsible for ensuring all named persons meet legal requirements. Rejections or issues arising from appointing ineligible individuals are not the responsibility of the registration service.

Memorandum and Articles of Association:

Memorandum of Association: The memorandum declares the company’s intent to establish a business and become a member upon creation. It is now part of the Articles of Association, containing constitutional regulations.

Articles of Association: These legally binding internal rules define procedures within the company. They cover topics such as dividend payments, director responsibilities, voting rights, and decision-making processes.

Share Structures (Where Relevant):

When incorporating a company with share capital, decide the number of shares to issue. Shares represent a shareholder’s ownership in the business.

Nominal value determines financial obligations. Most businesses assign a nominal value (e.g., £1) to each share.

Provide a statement of capital and details of initial shareholders during incorporation.

Choosing an SIC Code:

When applying, include the Standard Industry Classification (SIC) code to describe your company’s business operations. You can input multiple SIC codes if applicable.

6: Ordering our Services

  • Our website will lead you through the ordering process. Before submitting your order to us, you will have the chance to review it and correct any mistakes. Kindly ensure that you thoroughly check your order before finalizing it.
  • You will encounter various options when placing an order. It's crucial to carefully review and comprehend these choices before making any purchases. If you have any questions about our service or your order, we advise reaching out to us during our standard UK business hours before proceeding. While we strive to respond promptly to inquiries, we may not be able to do so in every case. Therefore, it's your responsibility to seek clarification from us about the product you intend to order before placing the order.
  • By placing an order through this website, you are making an offer to purchase our products and/or services, contingent upon these Terms and Conditions and our acceptance of the order. We reserve the right to decline any order without providing a reason for doing so.
  • We offer services under the condition that you provide us with complete and accurate instructions and authorize us to carry them out legally. You are responsible for ensuring the accuracy and completeness of the information you provide, and you acknowledge liability for any rejection of services or documents resulting from inaccuracies or incompleteness.
  • We are not liable for any errors or omissions in documents uploaded or not uploaded to our website by you, nor for any such documents rejected by Companies House.
  • When ordering our Pre-Submission Review service, please note that it does not include reviewing or inspecting documents uploaded to our website. It is your responsibility to ensure the completeness, compliance, and accuracy of all such documents before submission.
  • Upon accepting these terms and conditions, you authorize us to file the necessary statutory forms with Companies House on behalf of the company throughout the entire term of this agreement, to implement the services you have agreed to. In the event of service cancellation, termination, or expiration due to non-payment, you authorize us to file the necessary statutory forms to terminate these services.
  • We adhere to the regulations outlined in the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017). By agreeing to these terms and conditions, you authorize us to conduct a digital ID verification check.
  • We will request certified copies of your original documents as proof of your ID and address. Failure to provide certified documents will result in the cancellation of your service. Please note that no refunds will be provided for service cancellations due to non-compliance with anti-money laundering requirements.
  • Periodically, we are required to conduct due diligence checks on clients receiving ongoing services from us. If any of our checks reveal illegal or unethical activity, we reserve the right to terminate our services without notice and without issuing a refund.
  • We are required to adhere to the "Know Your Client" (KYC) regulations. As part of this process, we will request you to complete a form providing information about the nature of your business and the purpose of our relationship.

    • 7: Incorporation process

  • propertyspv.co.uk is an online company formation agent specialising in secure electronic filing services provided by Companies House, the UK Registrar of Companies. When you opt to set up a limited company through us or authorise us to file information on your behalf, you acknowledge that all information will be submitted to Companies House via this electronic filing facility.
  • If you've fulfilled the required formalities for registering a company through us, Companies House typically completes the incorporation within approximately 2 to 4 working days. However, in certain instances, it may take up to more than average time depending on Companies House's workload. Please note that we have no control over this process, so there may be delays beyond the usual 3 to 6 working hours processing time.
  • We do not provide a guarantee that your company application will be approved on the same business day as your order. If your company needs to be incorporated on the same day as your order, we advise purchasing our guaranteed Same-day Service.
  • If we are unable to submit a company application to Companies House due to omitted or incorrect information provided by you, or if further information is required, we will contact you multiple times to obtain the necessary details for submitting your company application to Companies House.

    • 8: Our Rights to Cancellation

    We're governed by regulations like the Money Laundering and Terrorist Financing (Amendment) Regulations 2019, the London Local Authorities Act 2007, and Know Your Customer (KYC) guidelines. These rules require us to conduct a digital ID verification process to confirm the identity and address of our customers (including companies, officers, and shareholders). If it's discovered that you're involved in activities like, but not limited to, money laundering or terrorist financing, we retain the right to cancel your order without prior notice.

    9: Consumer's right to cancel

    You have the right to cancel this contract within 7 days without giving any reason. The cancellation period will expire after 7 days from the day of the conclusion of the contract, i.e. when we receive your written agreement to this engagement. To exercise the right to cancel, you must inform us of your decision to cancel this contract by a clear statement, for example, a letter sent by post, fax, or email to the address/fax number above. However, you cannot exercise the right once the application is submitted to the Companies House.

    10: Payment

  • Payment for the services will be required in advance. Details regarding the price and payment will be provided in the order confirmation.
  • All amounts owed must be paid in their entirety, without any offset, counterclaim, deduction, or withholding, except where such deduction or withholding is mandated by law.
  • We accept the following methods of payment on our site: Online transfer to our Bank Account, VISA, American Express, Mastercard or PayPal

    • 11: Refund Policy

  • If you purchase a company formation package but decide to cancel before submitting the company details to Companies House, we will refund all payments made, granted that your refund request is received in writing within 7 days of the purchase date.
  • Once the company application has been submitted to Companies House, refunds for the company formation package or any of its components are not available, even in case where your company formation is declined.
  • In case of termination of a contract, we will refund the full amount unless we have already started the work. We will deduct proportionate fees based on standard hourly rates as admin charges if we have already started the work. However, we will be liable to a full refund in case a termination occurs as a result of an error from our side without contributory negligence from the side of the client.
  • We will also be liable for a full refund in case we have charged a contingent fee if a later event confirms that the contingent event was no longer valid at the time of service based on the information provided to us. In case the fee makes up a fixed fee and a contingent fee, we will only be liable to refund the contingent fee.

    • 12: Correspondence and Contact Details

    Should you have any general inquiries or wish to address concerns about our services or your order, feel free to reach out to us via telephone on 0207 129 7588, through email at info@thecompanyregistration.co.uk, or by post at 809 Salisbury House,29 Finsbury Circus, London, EC2M 7AQ, United Kingdom.

    13: Data Protection and Privacy Policy

  • We prioritise your privacy and treat all aspects of your data with utmost respect. Our commitment involves always safeguarding your privacy, and we do not engage in selling or disclosing your personal information to any third party without your explicit consent.
  • In compliance with relevant data protection regulations, Quality Company Formations will handle any personal information you provide to us in accordance with our Privacy Policy. This policy can be accessed on our website.
  • If you've supplied us with personal information pertaining to a third party, you consent to the following: (1) ensuring all necessary permissions and notices are in place to lawfully transfer the personal information to us, and (2) bringing to the attention of any such third party the Privacy Policy accessible on our website or providing them with a copy of it. You agree to indemnify us against any legal responsibilities, penalties, fines, awards, or costs arising from your failure to comply with these provisions.
  • For detailed insights into how we safeguard your confidentiality and manage your personal data storage, please refer to our comprehensive Privacy Policy.

    • Have a question? Reach out to us today!

    +44 20 4591 1945contact@propertyspv.co.uk

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