Government Proposals to aid Transparency and Improve Trust in UK Companies
In July 2013 the Department of Business, Innovation and Skills (BIS) published “Transparency and Trust: Enhancing the Transparency of UK Company Ownership and Increasing Trust in UK Business’, which...
View ArticleDirector Disqualification – Don’t Get Caught Out!
A recent decision by the Insolvency Service to disqualify a director for eight years highlights the importance of keeping company accounts up to date. The facts of the case are that Mr Gurpeage Singh...
View ArticlePre-Pack Insolvency Deals Reviewed by Business Minister Jenny Willott
On 16 June 2014 the Business Minister, Jenny Willott, announced new recommendations which will make sure businesses and customers get a better deal from failing companies. In July 2013 Theresa Graham...
View ArticleElectronic Communication Rules For Businesses To Comply With The Companies...
Many companies are under the impression that they can send documents to shareholders by electronic means; however, there are various requirements stipulated in the Companies Act 2006 that need to be...
View ArticleIncreasing Transparency in the UK – Companies House to make Company Checks Free
On 15 July 2014 Companies House announced that it is to make all of its digital data available free of charge. In 2013/14 customers searching Companies House spent £8.7 million accessing company...
View ArticleBusiness Administration and Liquidation Rates Reach New Low
On 29 July 2014 the Insolvency Service released its quarterly statistics on insolvency in England and Wales. The figures show that the number of companies entering into administration has fallen to...
View ArticleCommunity Interest Companies (CICs) Set To Benefit from New Government Tax...
The use of Community Interest Companies (CICs) is set to grow in light of various changes relating to their tax treatment in particular. A CIC is a private limited company with special additional...
View ArticleData Protection in the Spotlight
In Tuesday’s Lancashire Telegraph it was reported that the East Lancashire NHS Trust had eleven cases of staff members unlawfully accessing patient records over a three year period between April 2011 –...
View ArticleNew Regulations Coming Into Force Regarding Company Names To Help Business...
On 31 January 2015 key changes will be coming into force which will revoke and replace the current regulations concerning company and LLP names. The changes are being introduced as part of the...
View ArticleThick-skinned entrepreneurs take plunge
So why on earth would any serious business person be willing to go out of their comfort zone to want to deliver a pitch submerged in a frozen lake? A company from Finland that has developed a...
View ArticleAs-off: Online Fashion Chief Executive Steps Down
One of the many challenges faced by a CEO, particularly when they are a co-found of a popular online fashion retailer, is knowing when it is time to step down and move on. This was the case this week...
View ArticleFurther updates to PSC guidance and regulations ahead of April implementation
In December 2015 the Department of Business, Innovation and Skills (BIS) issued draft guidance on the meaning of “persons with significant influence or control” in the context of PSC registers, which...
View ArticleEU Parcelled into One?
The Department for Business, Innovation and Skills (BIS) has signalled the UK’s support for the work being undertaken by the European Commission (EC) to address problems with cross border delivery...
View ArticleTesco Tells Its Croissants To “Straighten Up”
In the current climate of worldwide economic uncertainty a trawl through the business news can make for some gloomy reading, whether it be via the stuttering Chinese economy or the potential fallout of...
View ArticleRegister Remedy – The Court and the Companies Act
The High Court has recently passed a rare order, rectifying a company’s register of members under section 125 of the Companies Act 2006 – before grant of probate was attained. In the case of Kings...
View ArticleFail to File… Fine? – Changes to Partnership Penalties
Until recently, it was simply to be expected that partners who failed to produce a partnership return in time to HMRC would face a fine. However, the First-tier Tribunal has now reduced penalties for a...
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