Knowledge

Company Management

Directors and secretary (secretary is not required anymore) are the company officers who are officially appointed in order to run a company. Both directors and secretaries are employees of the company and they may or may not be company shareholders.

Company shareholders (members) have the power to appoint any individual or organisation they consider appropriate to manage their company.

However, they must adhere to the following rules:

  • A private limited company must have at least one director who is an individual person (not a corporate entity). Other officers may be organisations, which are called corporate directors.
  • Since the introduction of the new Companies Act 2006, there is no longer  need to have a company secretary and a sole director can also act as a company secretary and shareholder. This means that you need at least one individual to register a UK Limited Company.
  • A company director must be at least 16 years old.
  • A company director must not have been disqualified from acting as a director or be an undischarged bankrupt.

In case of a private limited company, the  director does not need to meet any other legal or professional requirements.

A private limited company must keep company register containing details of its individual and corporate officers, including their residential addresses. The company register must be updated whenever company officer’s details have changed. If any details have changed, it is also necessary to notify Companies House by either filing an appropriate traditional paper form or electronically using Companies House web filing system.

Best Formations Limited will be delighted to assist you in all formalities concerning the appointment of your company  officers.

Help and advice
We have tried to answer as many common questions as possible on these pages, but if you do require further assistance
or have any other questions then please give us a call on +44 (0) 20 7060 7326 and we will be happy to help.