Business Setup & Banking

Last Updated: September 19, 2025
When forming or managing a UK limited company, it’s important to understand the difference between your registered office and business address. While both may involve mail and company records, they serve different legal and operational purposes.In this article, we explain how each address is used, what’s required by law, and how Dragonfly Associates supports clients with secure address services—subject to agreement.

What Is a Registered Office?

A registered office is your company’s official legal address, used by Companies House and HMRC for formal correspondence.

Key points:

  • It must be a real UK postal address (not a PO Box)
  • It must be in the same country where the company is incorporated (England & Wales, Scotland, or Northern Ireland)
  • It is publicly visible on the Companies House register
  • It is where statutory mail (e.g. notices, legal documents) is delivered

Dragonfly Associates offers registered office services for clients who prefer not to use their personal or trading address.

What Is a Business Address?

What Is a Business Address?

A business address is where your company conducts its day-to-day operations. It may be:

  • A physical office or retail location
  • A shared workspace or virtual office
  • The address you use on marketing materials, invoices, or email signatures

It is not a legal requirement to have a separate business address. However, having one helps present a professional image and keep your registered office private.
We provide business address services to clients needing a dedicated UK presence.

Key Differences at a Glance

Feature Registered Office Business Address
Legally required? Yes No
Public on Companies House? Yes No (unless used elsewhere)
Mail received? Official government mail Client or general mail
Can be a residential home? Yes (but not recommended) Yes (but may affect privacy)
Used for trading activity? No Yes

Why Keep Them Separate?

Separating your registered office and business address can help you:

  • Protect your personal address from being listed online
  • Create a more professional or London-based image
  • Receive different types of mail at different locations
  • Delegate statutory mail handling to a trusted provider

Dragonfly Associates can act as both your registered office and business address provider, subject to agreement.

Changing Your Registered Office or Business Address

To update your registered office:

  • File form AD01 with Companies House
  • Ensure the new address meets legal requirements
  • Notify HMRC and relevant stakeholders

To update your business address:

  • Simply begin using the new address on invoices, website, and communications
  • Inform clients, suppliers, and partners
  • No Companies House filing is needed

We handle registered office updates and offer mail scanning or forwarding services for both address types.

Frequently Asked Questions

Can I use one address for both purposes?

Yes, provided it meets the legal criteria for a registered office. However, many companies choose to separate them for privacy and operational reasons.

Do I need to use a UK address provider?

If you’re based outside the UK or want a professional address, using a provider like Dragonfly Associates ensures your mail is handled promptly and securely.

Can I change my addresses later?

Yes. Registered office changes must be filed with Companies House. Business addresses can be changed without any formal filings.

Use the Right Address for the Right Purpose

Your registered office and business address serve different functions—legal vs operational. Understanding the distinction helps protect your privacy, improve professionalism, and ensure compliance.

Dragonfly Associates provides registered office and business address services with optional mail forwarding, scanning, and compliance support—offered under clearly defined packages.

To set up or change your company address today, contact our team.

Last Updated: September 19, 2025

Opening a business bank account is an essential step in setting up and managing your UK limited company. It helps separate personal and business finances, supports tax compliance, and is often required by suppliers, investors, or clients.

In this article, we explain who needs a business bank account, what documents are required, and how Dragonfly Associates assists UK-based and international clients—subject to agreement.

Do I Legally Need a Business Bank Account?

If you run a UK limited company, the company is a separate legal entity. This means it must:

  • Have its own bank account
  • Keep its financial records separate from your personal accounts
  • Receive income and pay expenses under the company name

While not strictly a legal requirement, failing to open a business account can cause issues with accounting, tax filing, and credibility. Sole traders are not legally required to open a separate account, though it is still recommended.

What Are the Benefits of a Business Account?

  • Professionalism: Accept payments under your company’s name
  • Clarity: Keep personal and business transactions separate
  • Accounting: Simplifies bookkeeping and financial reporting
  • HMRC Compliance: Avoids confusion when preparing tax returns
  • Business Loans: A formal account is usually required for financing

Dragonfly Associates encourages all clients to open a dedicated business bank account as early as possible.

What Documents Do You Need?

What Documents Do You Need? To open a business bank account in the UK

To open a business bank account in the UK, you’ll typically need:

  • Certificate of incorporation
  • Memorandum and Articles of Association
  • Proof of business address (e.g. registered office address)
  • Proof of identity and address for directors and PSCs
  • A business plan or expected turnover (sometimes)

Requirements may vary between banks. We provide document bundles for clients during formation where applicable.

Can Non-UK Residents Open a Business Account?

Yes, but the process is more complex. Some traditional banks require:

  • In-person verification in the UK
  • UK-based directors or business partners
  • Extra documentation for non-resident shareholders

However, several online banks and fintech providers (such as Wise, Tide, Revolut, Payoneer, and others) offer solutions for non-UK residents.

Dragonfly Associates helps clients explore their banking options and provides referrals to suitable providers, subject to service agreement.

Choosing the Right Bank

You can choose between:

  • High street banks (e.g. Barclays, Lloyds, HSBC, NatWest)
  • Digital-only banks (e.g. Tide, Starling, Monzo Business)
  • Fintech platforms with global features (e.g. Wise Business, Payoneer)

Factors to consider:

  • Monthly fees
  • Online access and app features
  • International transfer capabilities
  • Deposit protection (FSCS cover)
  • Integration with accounting software

We help clients compare options and prepare documents for application.

Frequently Asked Questions

How long does it take to open a business bank account?

It varies. High street banks may take 1–3 weeks. Online providers often approve accounts within a few days.

Can I use my personal account for business?

No, not if you operate through a limited company. This may lead to accounting and tax issues.

Do I need to visit the UK to open an account?

Not always. Some banks allow remote onboarding, especially digital banks. For traditional banks, a UK visit may still be required.

Set Up Your Business the Right Way

A dedicated business bank account is essential for professionalism, legal separation, and smooth financial operations. Whether you’re UK-based or overseas, the right support makes the process faster and simpler.

Dragonfly Associates provides guidance, documentation, and introductions to banking partners as part of our business formation and compliance services, depending on your plan.

Ready to open your UK business account? Contact us today.

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