Companies House
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Presentation Slides from InfoLab21 and the Intellectual Property Office's event: "Intellectual Property: Value Creation" at Lancaster House Hotel on 14th February 2012.
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Companies House
- 2. Companies House Paul Hughes Event Team
- 3. Who we are UK Registry of Companies 1844 - Established 1988 - Executive agency of BIS 1991 - Trading fund Funding: 80% registration, 20% search London, Edinburgh, Belfast & Cardiff
- 8. Memorandum & Articles of Association
- 14. Compliance
- 15. Late Filing Penalties Less than 1 month £150 LTD PLC £750 1 month - 3 months £375 £1500 3 months - 6 months £750 £3000 More Than 6 months £1,500 £7500 Don’t Forget Penalties are doubled for filing late 2 years running
- 18. Thank you for listening Any feedback? [email_address]
Editor's Notes
- You may wonder about the advantages of being a Limited Company. There are two key advantages. You get a protected name. There cannot be a duplicate of a Company name on the public register. You get Limited Liability – Limited Liability means that if the Company should ever go into financial difficulty, you would not loose your personal possessions. As the company is a legal entity in its own right, its assets are used to clear any debts. A Directors responsibility is limited to the number of shares that they hold within the Company. In return for limited liability Companies House will expect to receive certain pieces of information about the Company and those persons involved in the company.
- I want to now take a few minutes to explain quite quickly the incorporation process. The first thing you will have to do when you are looking to register a Ltd Co is choose a name. The name which you choose must be unique. This means that there can’t be another company on the public register at the time of your companies incorporation. It must not contain any offensive words. Some people do try to get offensive words onto the Register by spelling word phonetically…. I will warn you that we do check and read out all company names as they can sound very different when read out loud rather than written down. Then there are sensitive words. Now these are different from offensive words in that you can use a sensitive word but you will have to justify its use. One of the most common sensitive words is international. If you wanted to use the word international as part of your company name you would have to prove that the company will carry out I its business in two countries outside the UK. I want to briefly mention the Co Names Tribunal. This is new under the 2006 Companies Act that is being phased in. Previously what we call “opportunistic registrations” used to happen and, if contested a huge court battle would ensue. An opportunistic registration is someone incorporating a company with the intention of selling it on for money. One of the most famous cases was during the Glaxo Welcome merge. It had been widely covered in the press that the merge was going to happen. A 3 rd party not involved in the merge in any way took it upon themselves to incorporate Glaxo Welcome Ltd. This meant Glaxo Welcome PLC couldn’t incorporate. The dodgy, or industrious (depends how you see it) individual told Glaxo and Welcome that he would release the name for a tidy some of money. They decided to get their lawyers on the case. It resulted in a massive court battle which went in favour of the large companies over the gentleman trying to simply make a quick buck. Now if someone does this kind of thing again, it won’t need to go to court. A complaint can be lodged with the Co names Adjudicator in The IPO. He will then make the decision about what should happen and he will have to power to instruct that the change be made.
- If in doubt please take note of our contact telephone number and email contact for general enquiries
- Our emails are here for you to contact us if you need to but please be aware that we may be conducting other Events and may not be able to give you a quick turnaround on the reply – so if it is urgent please contact our Enquiry service