Is your company struggling to comply with the corporate governance obligations under the Companies Act 2006?

This Act removed the requirement for a company to have a Company Secretary, however it did not remove the obligation to continue to comply with the role of a Company Secretary.

The failure to comply with the terms of the Companies Act 2006 could mean:

• Hefty fines
• The company being struck off the register
• Director disqualification for up to a 15 years period
• A custodial sentence

The good news is that The Financial Management Centre (FMC) in Farnborough can take care of this for you. FMC can act as your Company Secretary, including providing a registered office address for your company. We can also act as the service address for individual directors, avoiding the need for a home address to be disclosed on the public record.

Whether you are starting up a business or are managing an established company, we can help relieve the administrative pressures.

Our experts deliver corporate administration solutions to Chairmen, Non-Executive Directors, Finance Directors, Executive Boards, Boards of Governors and Company Secretaries. We offer a full range of company secretarial services which can be tailored to meet your individual requirements.

Among the many service FMC can provide are:

• Providing premises as your company’s registered office
• Complete maintenance of your company’s statutory books
• Recording and preparing minutes for general meetings and other important matters
• Completing your company’s annual returns, and the payment of any fees
• Dealing with your company’s changes of particulars or directors details
• Filing of your returns as required at Companies House
• Preparation and submission of documents for share transfers
• Preparation and submission of forms to increase issued company share capital
• Complex share capital restructuring (eg: subdivision, consolidation)
• Advising on governance issues
• Countersigning key documentation
• Advice and execution of changes to Articles of Association

Most Small and Medium Sized Enterprises (SMEs) experience difficulties when it comes to implementing and staying up-to-date with compliance legislation. Laws in this area are often more complicated than laws applying to taxation and employee relations so receiving some professional advice really is recommended for most SMEs.

In addition to the day to day company secretarial requirements, FMC can carry out other tasks for clients such as reviewing their statutory registers to identify any anomalies and assisting the client with putting these right. This can often be a vital job for shareholders looking to sell their company.

Having an experienced team take care of your corporate governance and statutory requirements allows you to get on with running your business with the assurance that the job is being done correctly.

To discover how The Financial Management Centre can help your business with its company secretarial obligations please call Kass Verjee at the Farnborough office on 01276 409036.