Changing a Company Name - Company Name Change
A Change of company name involves a special resolution requiring at least 75% of votes being in favour. Companies House charge a fee of -10 for changing a company name.
Special Resolution for a Company Name Change
Special resolution for changing the name of a company is required when companies choose to take on new names. Shareholders are required to sign the special resolution.
Company Name Change - Change of Name Certificate - Company Faqs
A Change of Name Certificate is issued by Companies House after a company has changed its name. A new company number is not however assigned, the old number is retained.
Company Name Search Shows the Name is Available But it is Already Taken
A company name search might display a name as being available when it is in fact already taken by another company. In this instance, there are some options available.
Foreign Characters in a Company Name - Using Non English Characters and Letters
Foreign letters may cause a company name to be misspelt when using electronic company formation. Using non English language characters and letters in online incorporations.
Companies House Name Search Database - Registering a Company at the Weekend
Registering a company at the weekend runs the risk of using an out of date name search database. The company formation request will join a queue at Companies House.
Nationality and Occupation of a Company Secretary
Nationality of a company secretary will default to British where a value is entered. When registering a company it is not mandatory to enter the nationality for secretaries.
Ready Made Companies with Bank Accounts - Bad Credit History - Business Banking
Some view ready made companies with bank accounts as a means to avoid credit scoring tests. In reality a ready made company may not solve all credit problems as the banks are becoming wiser.
Solving the Problem of Using an Ampersand & instead of And in a UK Company Name
When a company formation name search fails to recognise an ampersand, there might be ways of bypassing the name checking procedures. The company registration agent will be able to advise.
Problems Using Ampersand & in Company Names - Truncated When Using Ampersands
Some UK company registration & formation systems do not recognise an ampersand (& = shift + 7) when carrying out a Companies House name search and truncate the chosen name.
Virtual Office - London Mail Forwarding - Telephone Answering - Fax to Email
Virtual office UK - London mail forwarding - telephone answering - mailing address - London virtual offices - mail address - fax to email services - parcel forwarding
Minutes for a Company Name Change - Company Minutes for adopting a New Name
Minutes for changing the name of a company detail the proceedings in which the special resolution for the name change is set before the board of directors at a meeting.
Registering a Company Name - Protecting Company or Business Names
Registering a company name is a means which sole traders and partnerships use in protecting their business trading names and thus preventing others from doing so.
Company Names which are Offensive Abusive Illegal - Company Name Rejected
A company name must not be abusive, offensive to others or illegal. Any such names will be rejected by Companies House on the ground that they are inappropriate.
Section 30 - Omitting Limited from a Company Name - Removing LTD from a Name
Section 30 allows the word limited or ltd to be omitted from a company name. Section 30 applies to companies limited by guarantee and covers Welsh cyfyngedig and cyf.
Companies Act 2006 Changes to the Setting up and Registration of a UK Company
The Companies Act 2006 simplifies the process of setting up and registering a UK limited company, due in part, to the increased use of electronic company formation.
Companies Acting as Sole Director - Natural Persons - Companies Act 2006
Single Director Companies. From October 2008 companies can longer be the sole director. The Companies Act 2006 will only allow a natural Person to be the single company director.
Nominee Directors - Company Director Nominees Role - Protect identity
Nominee directors agree to act as company director usually in name only. They would not normally have any involvement in the running of the company as nominees.
Deed of Indemnity - Company Faqs
A deed of indemnity can limit the exposure in a business transaction. Company formation agents require deeds of indemnity to be signed before providing nominee services.
Deed of Indemnity for Nominee Director Secretary Shareholder Agreements
A Deed of indemnity is commonly used for nominee agreements. Nominee directors, secretaries and shareholders have separate deeds of indemnities for their services.
Deed of Indemnity Sample Letter for Nominee Director Secretary Shareholder
A deed of indemnity agreement sample letter for nominee director, secretary and shareholder services. The letter might accompany and summary the appropriate deed.
Deed of Indemnity for Buying a Business - Indemnity Bond for Companies
Purchasing a trading company usually involves a deed of indemnity. The indemnity bond can protect the buyers against undisclosed liabilities which may appear later on.
Due Diligence Checking and Auditing on Trading and Ready Made Companies
Accountants and auditors check the accounts and carry out due diligence work on a company which has traded. They attempt to quantify the liabilities before the purchase.
Example of a Deed of Indemnity Agreement for Nominee Services Part 1
Example of a deed of indemnity agreement for nominee services - part 1 of 3. The text is adjusted for a nominee director, secretary, or shareholder arrangement.
Deed of Indemnity Agreement Clause Sample for Nominee Services Part 2
Deed of indemnity clauses contain the provisions relating to an agreement between a company formation agent and the purchasers of nominee services. Example Part 2 of 3.
Letter of Indemnity - Nominees Deed of Indemnity Sample Agreement Part 3
A letter of indemnity can be used to clarify the basis of agreement between parties. Nominee services use letters of indemnity to solidify the contractual obligations.
Disadvantages of using a Nominee Director - Drawbacks of using Nominees
Using a nominee director can make it difficult for the shadow director to prove that they are part of the company. Companies House will not have records of their involvement.
Nominee Secretaries - Nominee Secretary for a UK Limited Company
Nominee secretaries are often used to satisfy the legal requirement for a UK limited company to have a secretary. The nominee normally takes no active role in the business.
Nominee Shareholder - Nominees Subscriber Services to Hold Company Shares
Nominee shareholders or subscribers are not often used when setting up a company. The ownership of the business can be deemed too important to pass to nominees.
Purchasing Nominee Services for a UK Limited Company - Nominee Director
Company formation agents sometimes provide nominee director services for UK limited companies. Using a Nominee director for anonymity and identity protection.
Nominee Secretary - Role and Duties of Nominee Secretaries in UK Companies
Nominee secretaries and their role and duties are an area of popular misconception. Those with a nominee secretary often expect them to adopt a company secretarial role.
Setting up a Company with Nominees - Using Original Officers or a Nominee
Setting up a company with nominees was standard practice. Today electronic formations allow purchasers to appoint officers to hold original positions in the company.
Form 288a - Companies House Form 288a - Free Download - Company Faqs
Companies House Form 288a is used for the appointment of a director and or secretary of a company. Form 288a can be downloaded free together with simple completion notes.
Appointing a Director or Secretary - Appointment of Directors and Secretaries
Appointing a director or secretary using paper form 288a or the online electronic method. Companies House must be notified of any new company directors and secretaries.
Company Officers - Directors - Secretaries - UK Company Officer
A company officer is a director or secretary of a UK limited company. Company officers also include shadow appointments and others who act on the business- behalf.
Form 288b - Companies House Form 288b - Free Download - Company Faqs
Form 288b is a Companies House document used when a director or secretary is resigning. The Form 288a for resignation is available as a free downloadable PDF document.
Certificate of Good Standing - Certificate of Compliance - Companies House
A Certificate of Good Standing from Companies House demonstrates compliance with past and current statutory requirements. Foreign Branches of UK Companies may require a certificate of compliance.
Form 225 - Companies House Form 225 - Free Download - Company Faqs
Companies House Form 225 is used to change the accounting reference date of a company. Form 225 is downloadable here and contains completion notes for filling it in.
Change of Accounting Reference Dates - Changing a Company's Year End Date
Companies might choose to change their accounting reference dates to one which is more convenient, if they are part of a group or have particular periods of busy trading.
Company Accounting Year End Dates - Accounting Year Ends for Companies
Every company must submit a set of annual accounts made up to its accounting year end date. There are two factors which determine the date of companies accounting year ends.
Form 287 - Companies House Form 287 - Free Download - Company Faqs
Companies House Form 287 can be used to change the location of a company's registered office address. Download Form 287 with guidance of how to complete the document.
Form 88(2) - Companies House Form 88(2) - Free Download - Company Faqs
Form 88(2) is used to inform Companies House that additional company shares have been issued. Guidance and completion notes are provided form filling in Form 88(2).
Different Classes of Shares - More than One Class of Share - Company Faqs
Some UK companies create additionally classes of shares. Having more than one class of share enables groups of shareholders to have distinct rights attached to the holdings.
Minutes of a Meeting Authorising Issue of Additional Classes of Shares
Issuing additional classes of shares, extraordinary general meeting, special resolution, company's articles of association, Section 80 of the Companies Act 1985.
Minutes to Increase Authorised Share Capital of a Company
Minutes of a meeting to increase the amount of authorised share capital by written ordinary resolution. The shares will rank pari passu with existing issues.
Minutes of Meetings - Board - Director - Company - General Meeting
Companies keep minutes to document ordinary and special resolutions proposed and passed at meetings. Minutes provide a record and evidence of such events.
Authorised Shares - Company Faqs
Authorised shares are the amount of shares a company is allowed to issue in total. It is possible to increase or decrease the amount of a company's authorised figure.
Maximum Number of Subscribers
Occasionally, a company may wish to include a large number of subscribers in its incorporation application. The maximum number of currently permitted is forty.
Minimum Denomination of a Share
Share denominations on company formation are usually set at -1. Lower nominal values can be selected if required. Future changes will reduce the current limit further still.
Partly Paid-up Share Capital - Company Faqs
Partly paid-up share capital exists when some monies payable for a company's allotment remain outstanding. Partly paid shares arise when they are payable by instalments.
Unpaid Share Capital - Unpaid Shares - Company Faqs
Unpaid shares are those for which no consideration has been received relating to their issue. The total amounts owing will be shown in the unpaid share capital account.
Paying for Shares - Company Faqs
Paying for shares taken in UK limited companies can take a number of forms. The consideration might be cash, a share exchange, services or the reduction in a debt owed.
Pre-emption Rights - Company Faqs
Pre-emption rights is a statutory provision stating that an issue of new shares in a limited company must be offered to existing members before outside parties can subscribe.
Share Premium - Company Faqs - Share Premium Account
A Share premium is the difference between the costs of a share over and above its nominal value. A share premium account records the total amount excess monies received.
Stamp Duty on Shares - Company Faqs
Stamp duty is payable on the purchase and transfer of shares of UK limited companies. No stamp duties are incurred on company set-up when allocations are made to subscribers.
Declarant - The Role of Declarants in Setting up UK Limited Companies.
A declarant is ensures that all the information in a company incorporation application is complete. Declarants are often one of the directors of the company being set-up.
