Women now account for 19 per cent of FTSE100 directors, according to Women on Boards, in news that will interest many of those looking to ensure the highest standards of corporate governance in their own firms.
The growth, which was welcomed by Business Secretary Vince Cable, suggests that good progress is continuing to be made in reaching the target of 25 per cent of board positions being held by women, as set by Lord Davies. Continue reading
A report by the Office of Tax Simplification found that ‘a small but significant number’ of limited companies would prefer to operate a sole trader or partnership model but were deterred from doing so by corporation tax that would be triggered by the transfer of certain company assets to shareholders who continue the business in an incorporated form. In response the government introduced a temporary tax relief for eligible businesses that disincorporate, called Disincorporation Relief. Continue reading
It is a legal necessity that a UK company has an address where service can be made of official correspondence, like HM Revenue & Customs letters, court documents and correspondence that may arise from Companies House. What many UK companies may not be aware of, however, is that they may use London Registrars (https://www.london-registrars.co.uk) office as their registered office address. Continue reading
A company’s articles of association are a vital constitutional document for that company, together with the memorandum of association – in cases where the memorandum. The articles define the director responsibilities, the kind of business that is to be undertaken and the means by which control is exerted over the board of directors by shareholders. However, clients of London Registrars’ (https://www.london-registrars.co.uk) company secretarial services may wish to take advantage of certain changes in company law in recent years. Continue reading
Companies frequently make use of company secretaries for a wide range of duties relating to business administration, including compliance with statutory requirements. London Registrars (https://www.london-registrars.co.uk) has gained a reputation for the assistance and solutions that it provides to many different companies, catering to their specific requirements. Continue reading
Companies often find a company secretarial audit is a useful way to review its governance and compliance obligations. It also greatly assists the directors reporting to the auditors. Typically, an audit provided by London Registrars involves a review of for compliance with the Companies Act 2006, including the company’s memorandum and articles of association, statutory filing record and a reconciliation of the share registrar. Continue reading
London Registrars (https://www.london-registrars.co.uk/) provides businesses of all sizes and at all stages of trading with corporate and legal support, from company formations to company secretarial services. For start-up businesses, managing costs effectively is a particular concern. Here is London Registrars’ guide to how to account for company start-up costs. Continue reading
Most provisions affecting directors came into effect in October 2007. However, duties relating to avoidance of conflicts and disclosure of interests came into force on 1 October 2008.
The most significant change is to give directors power to authorise certain situations where a director has a conflict of interest. The Articles of Association of a public company must contain provisions for directors to give such an authorisation. Private companies incorporated after 1 October 2008 need take no action unless their Articles contain provisions that might invalidate directors’ authorisations. Private companies incorporated before 1 October will need to pass a members resolution to approve directors’ authorisations. Continue reading
Corporate governance advisers London Registrars (https://www.london-registrars.co.uk/) looks at what the Energy Bill means for businesses in the UK.
The Energy Bill was introduced to the House of Commons by the Secretary of State for Energy and Climate Change Ed Davey on Thursday, November 29th 2012. The bill is part of the government’s aim of attracting £110bn of investment into the energy sector and creating a low-carbon economy. But what impact does the Energy Bill have for businesses in the UK, and will that impact be positive or negative, asks company formations and corporate support firm London Registrars? Continue reading
The many benefits of a business operating as a public limited company (PLC) include access to capital, liquidity, an opportunity to make acquisitions more easily and a more prestigious profile, as well as profit and tax advantages. There are, however, also various implications, and a public limited company is as likely as any other to prosper as a result of the use of the right company secretarial services, from a firm like London Registrars (https://www.london-registrars.co.uk). Continue reading