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How important in company formations is a company secretary?
Since 2008, UK Limited Companies are no longer required to appoint a company secretary. However there are some important duties that a company secretary carries out and there is still a benefit of appointing one. This article outlines some of the main duties of a company secretary in company formations and how they help ensure a company adheres to Companies House regulations.
It is crucial that the company secretary or the director (if you have not appointed a company secretary) knows the duties and responsibilities that they are subject to. It is important for the company to be able to avoid late penalty fees and deal with compliance matters efficiently.
The role of a secretary can be any of the below:
Updating and maintaining the company register whilst keeping Companies House informed of any changes
- Convening and arranging meetings as well as preparing an agenda and taking minutes
- Communicating with shareholders
- Advising directors on most efficient ways to deal with compliance
- Statutory filing requirements such as filing annual returns and accounts
- Making sure the company name appears at the registered office of the company, stationary, invoices, stationary and contracts
Wimpole House Company Services offer secretarial services where they will provide any of the above services. You can appoint WHCS as your company secretary during the company formations process for as little as £100 per annum.
