What are the reasons for re-registration? Private companies usually re-register as public companies for them to be able to market their shares publicly and to request acceptance on the stock market. For example, their reasons may include the following: for financial growth and development establishing the company’s market value boosting the profile of the company more »
What is share capital? The money a company earns by selling common or preferred stock is known as share capital. With new stock offerings, a company’s share capital or equity funding will shift over time. It refers to the net amount earned by the group by equity transactions. Why should a company reduce share capital? more »
SAIL stands for Single Alternative Inspection Location. This is a forms address which instead of being kept at a business registered address address is stored here by LLPs and UK businesses for public inspection. While a SAIL address is not needed for companies in the United Kingdom, many business owners choose it for the ease more »
The Annual Return of a company is a definitive snapshot of the company’s current data, and it acts as a review for incorporated corporations to correct and validate that the information shown on Companies House documents is compliant with their own statutory data. Any UK company and limited liability partnership is required by law to more »
By law, the removal of a company secretary is done by passing and approving a board resolution by the company directors. It is crucial to double-check any additional conditions. Conditions should be checked in the articles of the association and only then proceeding with the removal of the company secretary should be continued. If an more »
Return of Allotment of Shares The method of adding new shares to a company is known as “Return of Allotment of Shares.” A company founded with one share, for example, will fill out a “Return of Allotment of Shares” (also known as the SH01 form) to increase the number of shares to a new sum. more »
After incorporation, it is very common for businesses to change their official registered name. A company name change may be necessary for a variety of reasons, including correcting a spelling error, indicating a change in business practices or trading place, changing or incorporating the name of one of the business owners/LLP partners, or because the more »
The MR01 form is the form that notifies Companies House that the company filling out this form has granted a charge in favour of other creditors or the bank. What are Charges? A charge is some sort of a security provided by a corporation for a loan, such as a mortgage. There are 3 kinds of charges: A fixed more »
‘Register of People with Significant Control’ (PSC Register) a form used to inform Companies House of any change of details of a person with significant control was launched by Companies House in April 2016. It is used to notify Companies House of any changes to the details of an individual person with significant control using the more »
The term “strike off a company” refers to the process of deleting all of the information on your limited company from the Companies House registry. If you want to strike off your company, you’ll need to fill out the DS01 ; also called as the company strike-off form. It’s important to remember that such a more »
