I am not familiar with the laws out in England. What do you mean it is not recognized? I had assumed that to have an English limited company, you have to register it here. I make this assumption because all corporations and limited liability companies in the US has to file paperwork with the State Secretary in their home state... otherwise it isn't an entity.

Now I'm really curious. I'm going to forward this link to a friend of mine out in Manchester. He's set up his own limited company so he may know what you're talking about.