Some of the important changes to the Act since its’ introduction makes the administration of running a private limited company easier and it may be worthwhile to review your Articles and Memorandum of Association to see whether any changes introduced can be implemented to make administration of running your business less burdensome.

Of course, your existing company could continue operating under its’ current constitution and the Articles will remain in force provided that they are not overridden by provisions contained within the 2006 Act. However why not take advantage of some of the provisions contained in the Act which has smaller owner managed businesses in mind. For example some of the changes made are:

• How decisions are taken by shareholders and the mode of communication used including the use of electronic means.
• Shareholders meetings have been streamlined and a private limited company no longer has an obligation to hold an annual general meeting unless 10% or more of the shareholders demand one.
• The requirement to have a Company Secretary is not mandatory.
• A new option on filing directors’ addresses, which means that your home address is ‘protected information’ and not available in the public domain.

The older your company is, the more likely that a review would be beneficial. Any articles of association based on Table A before 1 October 2007 will have certain provisions that have been overridden by the 2006 Act. With this in mind we provide our Companies Act health check and report to you on:

• Areas in need of revision.
• Recommendations as to your options.
• Easy to understand suggestions for any updating and amendments that are required, and
• Transparent cost of undertaking the work.

Ibrahim Aziz Numerion Associates

Why not contact us to discuss how we can help you. Mail me at Ibrahim.aziz@numerion.co.uk