Company Secretarial
What are Company Secretarial services?
Company secretarial responsibilities can often catch new business owners off guard. However, they are an essential part of running a limited company or LLP.
If you run your business as a limited company or a limited liability partnership, you are legally required to make certain information publicly available. You are also responsible for keeping it up to date. Some changes (like updating a director’s details) must be reported within days. Others, however, can be included in the annual confirmation statement.
Behind the scenes, running a company also means holding meetings, recorded in minutes, and passing company resolutions. Different decisions require different levels of consent, and appropriate notice must be given to officers and shareholders. You might have heard terms like ordinary or special resolution. These indicate whether you need a majority of shareholders to be in favour or three quarters of them, for example.
The Companies Act, along with Financial Reporting Standards and UK GAAP (Generally Accepted Accounting Principles), governs the layout and content of the statutory accounts you must file. These accounts must be submitted in the right format. They must have specific disclosures, such as employee numbers, and they must be filed within the specified time limits.
How Can We Help with Your Company Secretarial Duties?
When you ask us to handle your company secretarial duties, you only need to tell us what’s going on. We’ll make sure you understand what the rules are, what your responsibilities are, and when you need to act. And where there are choices to make, we’re here to explain the options and offer advice.
These are just a few of the questions we help clients with:
- How can I declare different dividends to different shareholders?
- What do we need to do when a director moves home?
- How can I remove my home address from public view?
- Is it better to give someone some of my shares or to create new ones for them?
We’ll take care of the forms, the minutes, the company resolutions, and the submissions. Everything is handled online – from preparation to approval to filing.
Why Is It So Important to Get It Right?
First and foremost, failure to meet the legal requirements can result in penalties and can damage your professional reputation! Remember, your Companies House record is visible to your customers, suppliers, lenders – and also to your competitors. So, it can even affect your ability to raise finance. Banks and credit agencies monitor compliance and may question inconsistencies or missed deadlines.
While potential investors will want to see more detailed information, they will look closely at the public information you’ve filed. They will want to make sure that the whole picture makes sense.
How We Do The “Small Things” Is How We Do Everything
When you become a Composure client, we carry out a complimentary Health Check. As part of this, we review your Companies House record. These are top 3 mistakes we find:
- Wrong or missing information in the People with Significant Control register.
- Articles of Association that don’t allow for separate classes of shares with different dividend rights.
- Filing unnecessary information publicly due to selecting the wrong reporting standard.
We’ll take care of the forms, the minutes, the company resolutions, and the submissions. Everything is handled online – from preparation to approval to filing.
Company secretarial is where legal and accounting knowledge meet. That’s why it makes sense for us to handle it – and to take it seriously. You are still running your company, but with the advice and support of professionals who are qualified to guide you. We are ready to do the work that keeps you compliant, credible and in control.
Company Secretarial Services in Horsham
Based in Coolham (just outside Horsham), we provide company secretarial services to businesses throughout West Sussex and the UK. So if you are keen to ensure that your business remains compliant, then we’d love to hear from you. Call us today on 01403 780858 or fill in our enquiry form.
