Cost Savings for Professional firms

 

 

Firms of all shapes and sizes work with us, from national firms to sole practitioners. The common factor amongst all these firms is the benefits they have found in outsourcing their company formation and compliance work to us. Of course, the key is increased profit for the professional firm.

 

Whether you form 1 company or 1000 a year, you can reduce costs and increase profit with Quick Formations. You can save up to 81% in costs.

If your firm was to form a company, there would be the following time/costs involved:
Time to complete the paperwork and all the administration 1 hour
Time for all the statutory compliance work for a shelf company 3 hours
Time for the completion of the sale of a company 1 hour
Total: 5 hours at approx £100 per hour £500
Costs for filing at Companies House £20
On going compliance costs £15
Sale costs £15

Overall cost to your firm is £550

 

If you were to use Quick Formations to form the company for you, the day that you actually need it, the costs would be as follows:
Time for you to complete your order request 20mins
Total: 20 mins at approximately £100 per hour £33
Cost for Quick Formations to set up the
company on your behalf and to provide
all the printed materials. £55
Overall cost to your firm is £88

 

This is a saving of over £462 per company formed.

The benefits are numerous:
You significantly reduce time output on company formation work and statutory compliance, releasing fee earners for other chargeable work. You can still bill the work back to clients at a higher level.

 

The risk of error reduces due to the fact that we are a dedicated and trained team specialising in this work alone. We don’t have other work to think about!

 

You do not have to maintain the same level of monitoring of statutory compliance work. We can do that for you too, if you want.