We carry out corporate law work and see (almost on a daily basis) instances where a company has not complied with the Companies Act, the most common scenarios include: -
- Shares being allotted and then ignored on all subsequent Confirmation Statements/Annual Returns and Accounts. These shares are issued and live but have not been reported so the company is non-compliant
- Shares allotted on a company with pre-2006 Companies Act Articles and exceeding the authorised share capital. The authorised share capital still exists on pre-2006 companies unless changed by Resolution
- Share restructures created by filing a form SH01 only, with no details of the rights. No resolutions no forms to reclassify and no amended Articles stating differential dividends or other rights
- Purchase of own shares dealt with by filing one form with no other paperwork. No resolution(s) or contract created/filed validating the transaction
- Reductions dealt with by one resolution only with no Companies House forms or statements of solvency
My question is, would a Company Health Check service/report, for a small fee of £15.00 be beneficial to you? I'm asking you as Accountants as you are our core client base, so your feedback is obviously valued!