Saturday, 9 February 2013

A bonny bouncing limited company

Look-in-the-Bag Ltd has just celebrated its first birthday.  It came into existence at Companies House on 7 February 2012.

Actually, that's not true.  It began life as Look in the Bag Limited, but Neelam (wearing her designer's hat) felt that it worked better as one word (and preferred Ltd) so ten days after it was born company 07938340 was rebranded.

Of course, this leaves the frustrating thought that, had we held off a little bit longer, we could have been company No. 08000000.  That honour went to MT Lucky Ltd, which was registered on March 21st.  I couldn't help wondering who was company No.1 though.  Being inquisitive, I emailed Companies House and began an informative exchange with one of their archivists.  She told me that the earliest registered company was the Legal and General Life Assurance Society, (registered on 2 November 1844, before registration numbers were introduced).  The oldest surviving company  is Ashford Cattle Market Ltd, (No. 118) which was registered on 25 September 1856.

To confuse matters, Ashford Cattle Market Ltd is not the only No. 118.  Company numbers were introduced in  1856, with National Savings Bank Association Ltd being the first No. 1.  Then, in 1862, due to a change in legislation, numbering was restarted.  The second No. 1 was distinguished from the first by appending a 'c'.  This continued until company No. 2726c was registered, after which, in 1864, was legislation changed again and the 'c' was dropped. 

Being the kind of person I am, I can't help noticing that, between 7 Feb and 21 March 2012, over 61000 companies were registered, while between 1862 and 1864 there were probably fewer than 3000.

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