Some businesses can experience problems opening business bank accounts in UK. Construction companies, property development are considered to be risky businesses by banks.
In order to get the account set up for a company ensure that you have the following items available to give to the bank:
1. Memorandum of Association and Articles of association for the company
2. Certificate of Incorporation
3. A letter from the client accountant, stating the duration the client has been with the firm, nature of it's trade etc.
4. Last three years signed accounts - preferably showing profit. If financial statements are not available or this is the clients first year of trade show forecasted activity for next three years.
5. Form of ID of the director
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