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MYCO Works Virtual Business Address vs 1st Formations Address Services
Compare suitability, cost model, commitment, eligibility, capabilities and limitations using the same verified product data.
| Comparison | MYCO Works Virtual Business Address | 1st Formations Address Services |
|---|---|---|
| Best for | Businesses that need a professional correspondence/trading address and business-mail handling but do not need that product itself to be their registered office. | Founders wanting formation and address services together |
| Cost | £169.99/yr + VAT + £20 postal deposit | Public plans or quote — check current price |
| Pricing basis | Per year | plan/service pricing |
| Commitment | Annual service. £20 postal deposit required for virtual business packages; forwarding costs draw on the deposit. | Plan, order or contract terms vary by selected product. |
| Eligibility | KYC/AML ID and proof-of-address requirements apply. Intended as a business correspondence address; MYCO states this product cannot itself be used as Registered Office or Director Service Address. | Company/address-use rules and identity checks can apply. |
| Key capabilities | Prestigious business correspondence address · Business mail sorted daily · Forward, scan or collect business mail · Parcels and packages can be signed for · Client portal and MYCO apps · Meeting-room access | Registered office options · Service address options · Mail handling |
| Reasons to consider | Useful for home-based and remote businesses that want a professional trading address · Handles business correspondence that a registered-office-only service does not · Parcel acceptance and meeting-room access add practical value · Can be combined with other MYCO services | Credible option in this service category · Can be compared against alternatives using the same BizDeck criteria |
| Things to check | Cannot by itself be used as the company Registered Office or Director Service Address · £20 postal deposit applies · Mail forwarding incurs handling/postage charges · Not eligible for Google Business Profile | Suitability depends on business requirements and usage · Pricing, eligibility and contractual terms should be checked directly |
| Verified | 2026-09-03 | 2026-09-02 |
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