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1st Formations vs MYCO Formations Business
Compare suitability, cost model, commitment, eligibility, capabilities and limitations using the same verified product data.
| Comparison | 1st Formations | MYCO Formations Business |
|---|---|---|
| Best for | Businesses wanting guided online incorporation | Founders wanting formation plus registered office, director privacy and a business correspondence address for the first year. |
| Cost | From £102.99 incl. £100 Companies House fee | £99.99 + VAT promotional + £100 Companies House fee |
| Pricing basis | one-off formation package | One-off formation package |
| Commitment | One-off | One-off formation package with included services for the stated period; address services included for 12 months where specified. |
| Eligibility | Available to relevant UK business customers subject to the provider’s current eligibility and product terms. | MYCO states these packages are for LTD/LIMITED companies with ordinary shares. KYC/AML ID and proof-of-address checks apply. |
| Key capabilities | Online formation workflow · Optional address services · Digital company documents · Support resources | Everything in Privacy · Business address service for 12 months · Forward, scan or collect business mail · Parcels and packages signed for · Registered office and Director Service Address for 12 months |
| Reasons to consider | Straightforward setup route · Useful optional extras for some founders | Covers incorporation, privacy and professional correspondence address in one package · Suitable for home-based businesses that expect ordinary business mail · Parcel handling included |
| Things to check | Package extras can increase the total cost · You still need to understand your own legal and tax responsibilities | Current £99.99 price is promotional (50% off £199.99) · £100 Companies House fee is extra · Postal deposit is required for business-mail forwarding |
| Verified | 2026-09-02 | 2026-09-03 |
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