Company Secretarial / September 18th 2018

Can a private company learn anything from the new QCA corporate governance code?

Essentially good corporate governance is about having the right people working together in an ethical manner to deliver shareholder value over the short, medium and long term. Shareholder value largely is derived by making good strategic decisions.  To make good decisions the board needs to be balanced between experienc

The PSC register, also known as the Person of Significant Control Register, is a register of all individuals and/or legal entities with significant control over the company. The aim of this is to increase transparency of companies by clearly showing who essentially owns or controls a UK company. How do you become a PSC? I

In the unfortunate event that a company director passes away, two situations can arise. Before we jump in any of the two scenarios it is important to note that Companies House needs to be notified of the death. How do I notify Companies House? A company can do so by filing the form termination of a company director appoin

The confirmation statement, also known as the CS01, is the form which replaced the annual return in June 2016. It is used to confirm that your company’s information is correct. Rather than previously having to resupply the information, a simplified procedure of just confirming ‘no changes’ was introduced. The confi

Auditors fail to report with clarity and relevance The data extracted during an audit is like a food recipe, though many firms utilize high quality ingredients quality is not guaranteed. This is because auditors fail to combine these ingredients into a cohesive report. Simplicity and relevance are essential to explain how t

The purpose of a Seed Enterprise Investment Scheme (SEIS) or an Enterprise Investment Scheme (EIS) is to help small early stage schemes companies raise equity finance by offering tax reliefs to investors. (more…)

There are various reasons why you might want to sell your business. The main reasons tend to be that you feel you have got the business as far as you can take it and you now want to realise some value. Preparing for this moment is essential since we know that the planning needs to start months, if not years in advance. We

The Small Business, Enterprise and Employment Bill is due to gain royal assent in March 2015. The aim of this new legislation is to reduce the ‘red-tape’ faced by small businesses which can hamper innovation and growth. If the Bill becomes an Act it will affect not only subsequently incorporated companies, but all compa

When a business registers with Companies House they must select a name for their company that will differentiate their business from other registered firms. The chosen name must not be the ‘same as’ or ‘too like’ another registered name and must not contain any ‘sensitive words’. Sensitive words are those which

When an application to incorporate a new company is submitted to Companies House it is necessary to provide a set of articles of association along with the application to register the company.  The articles of association are also known as the company’s constitution and contain rules relating to how the company is govern