Services


Company Formation & Secretarial


Even annually the work involved for a company secretary can be time consuming.Businessman listening


The work required includes:


  • Maintaining the statutory register
  • Preparing minutes of directors' and shareholders' meetings
  • Preparing dividend vouchers and minutes

Compliance


There are a number of offences relating to company law non-compliance which can result in quite sizeable fines being imposed or, in certain circumstances, imprisonment. Perhaps the most commonly known sanction is the late filing penalty imposed on companies for the late submission of accounts to Companies House. What many people do not realise is that action can be taken against directors personally where accounts are submitted late.


Failure to submit accounts and annual returns can and does result in the Registrar of Companies taking action to dissolve or strike-off companies. Any property owned by the company falls to the Crown on dissolution. To recover this property a petition for restoration of the company needs to be drafted and presented to the Court. The legal costs of restoring the company are upwards of £3,500 as you are not only paying the legal costs of the company but also those of the Crown.


The Solution?


At Sayers Butterworth LLP we look after all your company secretarial needs, from routine annual compliance through to more technical areas such as the drafting of share class rights or an own share purchase. To make your life simpler, we prepare all the documents you need and advise you on the procedures you need to follow to ensure compliance with the Companies Act.


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In the News

Budget 2012

The Chancellor has confirmed that this year's Budget statement will be made on Wednesday 21 March.

VAT Online Filing

This becomes compulsory from 1 April 2012 and payment of VAT must be made by electronic means. Cheques will no longer be accepted.

Compulsory Pensions

In 2012 automatic enrolment into a pension scheme is due to come into force. On average, it will cost small businesses an extra £2,550 per year.

Budget 2011

You can still access our in-house 2011 Budget guide and commentary by clicking the link here. We welcome any feedback or questions you may have to enable us to improve our services.

Features

Deadline Diary

The next important diary date is 31 January when 2011 Tax Returns have to be submitted to HMRC to avoid an automatic £100 late filing penalty. Payments of tax are also required by this date. Do get in touch if you need any help.

Rates & Allowances

Click here to download a PDF file with the latest figures.