Company Secretarial Services

Company Formations 24.7 offers an extensive range of services relating to the structural changes to a company’s constitution, and can prepare and file all appropriate documentation. Listed below are a sample of such services. Please contact us to discuss any company structure changes that you may require, and a member of our Company Secretarial team will be happy to help

Annual Company Secretarial Services

A limited company has responsibilities that it must fulfil under the Companies Act; these include keeping statutory registers on Directors, Shareholders, Debentures etc. and filing an Annual Confirmation Statement. Company Formations 247 offers two annual Company Secretarial Services to assist you in fulfilling your obligations

Maintenance of Statutory Books

For trading companies we offer a Maintenance of Statutory Books service for £100 + vat per annum. Within this fee we will hold the Statutory Registers at our address and will update them as and when changes are made to the company management structure. We will prepare supporting paperwork for changes in shareholders/members and officers of the company. We will also file the Annual Confirmation Statement for each year that the service remains active.

We are not able to prepare your annual accounts and you will need to either prepare these yourself or use the services of an accountant.

Dormant Company Maintenance

For dormant companies (e.g. not yet traded or retaining for name protection) we offer a Dormant Company Maintenance service for £50 + vat per annum. Within this fee we will hold the Statutory Registers at our office and file the Annual Confirmation Statement & Dormant Accounts for each year that the service remains active and the company remains dormant.

Any changes to company structure would be chargeable, should you require us to prepare the supporting paperwork.

Other Company Secretarial Services

we can assist with most Company Secretarial procedures, including Share for Share Exchanges, Re-Registrations, Share Allotments, Share Transfers, Rights and Bonus Issues, Reconstruction of Statutory Registers and Shareholder’s Agreements. Whatever your requirement, please speak to our team of qualified company secretaries for a quote

Adoption of Articles

Our experienced technical team can draft specialist articles including clauses relating to directors' rights, variation of class rights, voting rights and powers, dividends and capital distribution etc. All resolutions and filings are prepared on your behalf.

Change of Name

We can arrange for a company to change name, and provide the special resolution and Change of Name certificate. A re-print of the Memorandum and Articles of Association and new company seal can also be supplied. A same day service is also available should you require

Change of Share Capital

Tailored increase, decrease, sub-division or consolidation of share capital. A newly drafted set of Memorandum and Articles of Association are supplied with any change in share capital. All resolutions and filings are prepared on your behalf.

Purchase of Own Shares

Purchase of own shares, financed from distributable reserves, or from capital can be arranged. We will produce all the necessary Minutes, Resolutions and Contracts and arrange for an advertisement in the national press as required by company law.

Re-Registrations

Change your company type by re-registering from private limited to plc or vice versa, and also from private limited to private unlimited or vice versa. A same day service is available.

Re-Printing of Memorandum & Articles of Association

Reproduction of new bound sets of Memorandum & Articles, to include all changes since formation, for any UK registered company.

Event Driven Company Secretarial Services

As well as your annual responsibilities, certain transactions that your company may wish to perform require documents to be prepared and often filed with Companies House. We have extensive experience in, and can assist with, drafting the supporting paperwork for many complicated procedures.

Creation of Multiple Share Classes

Generally a company will have a single class of shares known as ‘Ordinary’ shares and these shares will confer upon the holder full rights with regard to voting, dividend and capital distribution. In some circumstances it may be beneficial to have more than one class, often referred to as ‘Alphabet Shares’, in order to grant different shareholders different rights.

Most common is the desire to grant different shareholders with different levels of dividend, but rights can be varied to achieve most goals. You can create Preference Shares to grant investors a fixed, preferential dividend or Employee Shares to give equity to key staff that must be returned to the Company if the staff member leaves its employ.

We do not simply vary the rights of the shares using a Statement of Capital, but will update the Articles of Association with comprehensive clauses covering the rights and restrictions of the classes. We can cater for advanced share rights including convertible and redeemable shares, drag and tag along clauses, compulsory transfers and good & bad leavers.

Our fees for creating Alphabet Shares start at £240 + vat, increasing based upon the complexity of your requirements (discounts available for professional intermediaries).

Change of Company Name

A company may change its name by Special Resolution, or by other means specified in the Articles of Association.

Although a change of company name can be filed quite simply on the Companies House website, this does not guarantee that the necessary procedures for agreeing the change will have been followed.

Our fee for preparing and filing a change of company name is £50 + vat and includes minutes, resolutions, the Companies House fee and updating the Company’s Articles of Association with the new name. We will also provide a printed certificate and five bound copies of the Articles of Association once the change of company name has been accepted.

Purchase of Own Shares

If a shareholder wishes to leave the Company then he will want to cash in the value of his shares. The other shareholders may not have the money or the inclination to purchase the departing shareholder’s shares and finding a third-party buyer for shares in a private company can be difficult.

The Purchase of Own Shares procedure allows the Company to buy the shares back from the departing shareholder at a price agreed between the parties. The purchase must be made from distributable reserves as first priority, but it may be possible to perform the purchase from capital once reserves are exhausted.

Our fees for a purchase of own shares out of distributable reserves are £300 + vat, and for a purchase out of capital £525 + vat (including disbursements).

Company Restoration

If your company has been struck off, either with our without your consent, and the company still owned assets at the time it was dissolved, then those assets become ‘bona vacantia’ (vacant goods/ownerless property). In this case the ownership of those assets transfers to the Crown.

You may apply for a discretionary grant from the Treasury Solicitor to recover cash assets, but the amount the Treasury Solicitor would be willing to return is capped at £3,000 where the company could be restored to the register.

Where the asset is non-cash, or is valued over £3,000, then you will need to restore the Company to the register in order to reclaim the asset. If the company was struck off by Companies House because of a failure to file or other compliance issue then you should be able to restore using the Administrative Restoration method, otherwise a Court Order will be required.

Our fees for Administrative Restoration are £200 + vat and disbursements or £500 + vat and disbursements for restoration by court order (please contact us for a tailored quoted).

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