An unlimited company is a registered company which has no limited liability. It is registered at Companies House like any other company, having articles of association, directors, members, etc., but if the company cannot pay its debts, the shareholders are liable to contribute to the company's assets without limit so that the company can pay all its debts. Such companies are not widely used. They have one major advantage over ordinary limited companies: an unlimited company is not required to register its accounts at Companies House.
A limited company can be converted to an unlimited company provided:
If the company is to be registered with a different name (apart from removing the word 'Limited' at the end of the name), the name must be acceptable for registration.
Note that a company that has been re-registered from limited to unlimited cannot subsequently be re-registered as limited.
Our service
The Company Law Solutions service provides all required:
Costs
Most conversions of this type will be covered by our benchmark price for this service. Please see our prices guide. If special requirements for the company's articles are required there may be additional costs, which will be advised when detailed instructions are received.