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Business bank account

In the current economic environment making savings on your supplier payments, stock purchasing and general expenses is more important than ever. That’s why we’ve negotiated a special deal for The Formations Company clients that allows you to get 1% back on your card purchases (1% Cashback on the first £100,000 of eligible card purchases each calendar month).

Cashplus are FCA regulated and have been providing financial services for over 15 years, with over 150,00 small businesses already benefiting from their hassle-free approach to banking services.

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Get 1% back on purchases*

Whether you just want to use your Cashplus Account for occasional expenses and purchases, or if you want to use it as your main Business Current Account, it’s a great way to earn something back.

Simply open a Business Current Account with Cashplus and earn cashback whenever you spend on the card*

The Formations Company offer – not available directly with Cashplus

We’re excited to announce a special deal for The Formations Company clients to earn money on their card spend – for free We’ve teamed up with one of the UK’s leading digital banking providers to give The Formations Company clients 1% cashback on their card purchases. Simply open a Business Current Account with Cashplus and earn cashback whenever you spend on the card*

*Cashback cannot be earned on cash advances, quasi-cash transactions, gambling, Government payments (including HMRC), ATM withdrawals, balance transfers, interest, fees and charges, non-member payment service provider payments, and non card payments. The 1% Cashback is limited to the first £100,000 of eligible card purchases each calendar month. Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK. For full website terms including information on Cashplus, Mastercard and use of Trademarks, please see their full legal disclosures at https://www.cashplus.com/legal/. APS is authorised and regulated by the Financial Conduct Authority for consumer credit activities (Registration No. 671140)

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1% back on purchases

1% cashback on qualifying card spend paid monthly
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First year free

You are not charged the usual account fee of £69 per year
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Managing your transaction

Capture receipts against spend

Get 1% back on purchases

Our exclusive offer:

  • 1% cashback on qualifying card spend (paid monthly)
  • You are not charged the usual account fee of £69 per year (for the first year)
  • Apply via this email to receive this special offer

Ideal for managing your spend & expenses

  • Fraud & Purchase protection on card spend
  • Categorise transactions as you go
  • Capture receipts against spend
  • Connects to all leading accountancy packages (Xero, QuickBooks, Sage etc)

How to Apply

  • Apply in 3 minutes online
  • During the application, select ‘Pay Later’ when asked to pay the first year’s fee of £69 (you will not be charged this)
  • No credit check to open an account
  • No need to switch banks – just use Cashplus for purchases

You’re eligible if:

You are a UK resident and a director aged 16 or over.

What our customers think

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Rated 4.7 out of 5

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Rated 4.0 out of 5

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Rated 4.4 out of 5

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Rated 4.2 out of 5



Formation bundles



e-formation formation icon
  • £9.99
  • E-Formation

  • Set up a basic Limited Company that’s ready to trade and choose anything else you need as extra.
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  • £19.99
  • Essential

  • An easy way to set up a company that’s ready to trade. Plus, your official printed certificates.
entrepreneur formation icon
  • £59.99
  • Entrepreneur

  • Your official certificates & company register. Plus, a registered business address, FREE for 3 months.
super formation icon
  • £99.99
  • Super

  • Your official documents, and confirmation statement. Plus, a registered business address, FREE for a year.

Not sure which bundle is right for you?

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Ready to have your company set up?
Registering a company might seem an intimidating process, but it’s actually much simpler than you think: especially in the hands of seasoned company formation agents like us. We’ll not only help you with registering a company, but offer a range of services to support your business at all stages of its life. We’ll help you sort out your company registrations online, with a process so quick and easy you can go ahead and focus on the fun bits.
What is a company formation agent?

Formation agents perform company registrations in partnership with Companies House. We’re one of the largest, and also the cheapest. We don’t just get your company registered then leave you to it – we use our experience to help you start your business properly. There are plenty of reasons to use a formation agent rather than go directly to Companies House. If you ask us, though, the best thing is that we go through the whole process with you, and get your application submitted securely online. We provide expert advice on the legal hurdles while you incorporate, and recommend good quality solutions that you might need after you’ve formed.

What’s the difference between sole trader and limited company?

Think of it this way: when you form a limited company, you put a protective shield between you and your business. Being a sole trader is the opposite – you have no protection. As a sole trader, you are responsible for any debt you might come into while you’re in business. When you register and become the director of your own limited company, you have less personal responsibility. The benefits are that you can claim back expenses, and add to your salary with dividend payments at the end of the year. For more information, see our Help Centre article about limited companies and sole traders.

How do I register a company?

Easy, we’ll do it for you. Check out our formation bundles to learn more about our different products. They start at £9.99, and go all the way up to our Super bundle. Limited company formation is a straightforward business if you’re as well-versed with the process as we are. If you’re not sure where to start, check out our company formation guides for an introduction and some insider tips.

Why The Formations Company?

We’re dedicated to British business, and love nothing more than seeing new companies flourish. 750,000 UK companies have trusted us to help them register, and we have thousands of happy customers who’ve seen how simple the formations process can be. We’re cheaper than going to Companies House directly, and cost less than most accountants. Our online application is incredibly simple, and if you’ve got all your documents handy it shouldn’t take more than 10 minutes to complete. So what are you waiting for? Start your business today.

Learn more about starting a business