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1st Formations vs MYCO Formations Digital
Compare suitability, cost model, commitment, eligibility, capabilities and limitations using the same verified product data.
| Comparison | 1st Formations | MYCO Formations Digital |
|---|---|---|
| Best for | Businesses wanting guided online incorporation | Founders who only need the core digital limited-company formation service at the lowest MYCO package price. |
| Cost | From £102.99 incl. £100 Companies House fee | £4.99 + VAT + £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 | Limited company formation · Digital Certificate of Incorporation · Digital Memorandum & Articles · Free ID verification · Company authentication code · Online portal and support · Optional business-bank-account and domain offers |
| Reasons to consider | Straightforward setup route · Useful optional extras for some founders | Very low provider fee before statutory fee · Focused package avoids paying for address services you do not need · Core formation documents provided digitally |
| Things to check | Package extras can increase the total cost · You still need to understand your own legal and tax responsibilities | Does not include registered office or director service address · £100 Companies House fee is extra · Optional third-party offers should be assessed separately |
| Verified | 2026-09-02 | 2026-09-03 |
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