All incorporated businesses, whether limited companies or limited liability partnerships, must comply with legal regulations concerning record keeping and filing of documents. Traditionally, ensuring compliance was the role of the company secretary, but since 2008 it has been optional for private companies to have a company secretary. Even for those companies that have chosen to retain this role, the position is very often filled by someone for whom this is not their main area of expertise, or who cannot dedicate the necessary time, such as one of the directors. This means that often companies are not fully aware of the record keeping and filing requirements and are not up to date in these matters.
Failing to comply with the requirements for proper record keeping and filing at Companies House can result in fines for the company and/or its directors and may ultimately result in the company being struck off. It can also cause problems with obtaining credit and in business dealings, as banks and trading partners routinely examine a company’s public records.
How can we help?
Wheelers can help with these issues. We can advise on you record keeping, filing and other company secretarial duties. We can also take over the process for you and offer a full company secretarial service, including:
- formation of new companies
- hosting of your registered office
- keeping your registers of shareholders and directors, and other mandatory records, up to date (or creating them if you do not have them already, as is all too common for small businesses)
- carrying out all necessary filings at Companies House and ensuring that your Companies House record is accurate and up to date
As well as offering these services, Wheelers can advise on all the legal aspects of business, including commercial contracts, employment law and property matters. If you have any questions or are looking for information on company secretarial services or any other business law matter, please contact Catherine Drew.