Streamline your financial operations, gain more control over your money

You can choose from different GoSolo plans based on the features you need. For current and most up-to-date details about the costs, please refer to our pricing page.

Here’s a guide to UK company types for business owners:

Private Limited Company (Ltd)
This is the most common business structure in the UK, with over 2 million companies registered. In an Ltd, the company is owned by shareholders, and their personal assets are protected if the business faces financial problems. This means if your business struggles, your personal savings and property are safe.

Other Business Structures

Public Limited Company (PLC)


These are larger companies whose shares can be bought and sold on the stock market. Think of companies like Tesco or BP - anyone can buy shares in these businesses.

Community Interest Company (CIC)


These companies are set up to help society or the environment. Instead of paying profits to shareholders, the money goes back into doing good for the community. They’re perfect for social enterprises and community projects.

Limited Liability Partnership (LLP)


This is ideal for professional services like accountants or architects. It combines the flexibility of a partnership with the protection of a limited company. Partners share management and profits while protecting their personal assets.

Company Limited by Guarantee


Usually chosen by non-profits and charities. Instead of having shareholders, members agree to pay a small amount (often £1) if the company goes bust. This structure shows that you’re running the organisation for a purpose rather than profit.

Currently, GoSolo is focusing on helping people set up Private Limited Companies (Ltd/limited), as this is the most straightforward and popular choice for new business owners.

GoSolo is not a bank. Yet, it provides security to its users. You can read about our security standards in the blog post.

GoSolo is a technology platform that allows its users access to electronic money business accounts that are supplied by 3rd party providers. 

Electronic money is not a deposit, and the Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. The funds are held in segregated accounts in accordance with the provisions of the Electronic Money Regulations 2011.

Gosolo is the trading name of Gosolo Financial Limited, a company registered in England and Wales (company number 12053066). Our registered office is 128 City Road, London, United Kingdom, EC1V 2NX.

For accounts with sort code 04-29-28, opened before 22/04/2024:

GoSolo Financial Limited is registered with the Financial Conduct Authority as an EMD Agent to distribute or redeem electronic money (Register number 902961). GoSolo operates via our partner, PayrNet Limited, which is authorised by the Financial Conduct Authority (register number 900594) as an Electronic Money Institution. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by PayrNet Ltd pursuant to license by Mastercard International Inc. PayrNet Ltd is authorised by Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). Payrnet Limited is an electronic money institution authorised and regulated by the Financial Conduct Authority with register number 900594. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution in accordance with the provisions of the Electronic Money Regulations 2011.

For accounts with sort code 04-29-57, opened after 22/04/2024:

Business accounts are offered by Adyen N.V. which is authorised by the Prudential Regulation Authority and Financial Conduct Authority (reference number: 779800) as an overseas branch of an EEA-credit institution in the UK and is authorised to issue electronic money. The cards are issued by Adyen N.V. pursuant to license by Mastercard International. Business Accounts include issuance of electronic money. Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Adyen is however subject to stringent capital and liquidity requirements in order to ensure its financial resilience in periods of economic stress.

Opening a business account is simple with GoSolo. All you need is the following documents:

• A valid government-issued photo ID document (passport, driving licence, BRP)
• Proof of your address (council tax, utility bill, bank statement), issued in the last three months

The process is very easy:

1. Fill out the application form (takes less than 10 minutes).

2. Our team will review your documents and respond to you as soon as possible with our decision.

3. Once your application is approved, you will have immediate access to a GoSolo business account and a Mastercard debit card.

The limit on making payments using online banking and inbound payments is £50,000 per transaction.

Registering a UK limited company is simple with GoSolo. All you need is the following documents:

• A valid government-issued photo ID document (passport, driving licence, BRP)
• Proof of your UK address (council tax, utility bill, bank statement), issued in the last three months

The company formation fee is included in the New Company plan. Please refer to our Pricing page for the latest details about which services are included in the packages.

We will also automatically open a business account for your new company.

There is detailed information about new limited company registration in our blog: How can I register my company with GoSolo?

You cannot deposit cash into your GoSolo business account. We are constantly making changes to GoSolo, and if cash deposit is an important feature to you, please let us know at we@gosolo.net.

With GoSolo, you can open a business account in the UK online and register an Ltd company at the same time. Actually, you get everything you need to start and run your business, including Mastercard debit, various options to accept and release payments, the ability to generate and send invoices, and more. You can review the full list of features and pricing plans on the Pricing page.

GoSolo is available on web, iOS and Android, ready to manage your business account 24/7.

Opening a business account in GoSolo takes less than 10 minutes of your time, then your details will be sent for verification. If everything is ok, you will get a business account the same or the next day.

If you're opening a business account and creating a new company at the same time, the verification might take a little bit longer because we'll be sending your claim to Companies House.

Glad you asked! Yes, we GoSolo is available as a web, iOS, and Android app, so you can access your business account on the go.

If you register a company via GoSolo, the default share structure is 100 shares for the total value of £100.

All shares issued are non-redeemable and rank equally in terms of each of:

1. Rights to take part in all approved dividend distributions
2. Voting rights – each share being entitled to one vote
3. Rights to participate in any distribution of capital on winding up of the company.

Direct Debit is not a part of the GoSolo offering yet. But we are constantly adding new functionality to the GoSolo app and are determined to deliver Direct Debit soon.

You will receive official Articles of Association and a Certificate of Incorporation. These documents are approved by Companies House. They are not apostilled.

Cash withdrawal limit is £250 per transaction, £1000 per day.