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Initor Global UK provides premium outsourced services to UK accountants and businesses.

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How to outsource company secretarial services effectively

18th Apr 2024
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Initor Global UK provides premium outsourced services to UK accountants and businesses.

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While many accountants have successfully outsourced bookkeeping, payroll and accounting services to an offshore supplier, the scope to outsource company secretarial services is often overlooked. With most limited company clients requiring support to file information periodically with HMRC and Companies House, using an outsourced supplier can help reduce costs and increase efficiencies.

Initor Global UK | outsource accounting | company secretarial services
Initor Global UK

With many accountants looking to scale their business quickly though growth in new client numbers, the onboarding of new clients can be resource intensive with the additional pressure to make the best possible first impression and contact. Outsourcing can manage many of the administrative tasks involved in taking on new clients, such as registering information with HMRC and Companies House and submitting required documentation. The outsourced accountant can manage the flow of communication with a client for certain tasks, enabling the UK accountant to focus on adding value to the client relationship from the outset

Some of the company secretarial service Initor Global undertakes on behalf of our clients are shown below.

Company Formations

With our outsourced services, Initor Global helps clients form new companies with Companies House, including director and company secretary appointments and the allocation of shares and share capital. We also prepare information to support the Articles of Association, including incorporation certificates, share certificates and the register of Persons with Significant Control (PSC).

Annual returns

An outsourced accountant can prepare and file a company annual return, update the PSC register, prepare share transfers, and ensure reminders are sent to your clients to ensure statutory deadlines are met.

Company Liquidation

If you have clients seeking voluntary liquidation services, the outsourced accountant can provide tax efficient advice based on the company's and individual director's circumstances. In the extreme event a company is liquidated by creditors, the outsourced accountant can help streamline the entire liquidation process with appropriate advice and support.

Share Capital

The outsourced accountant can manage any changes to share capital, such as the transfer of shares between directors, the creation of new shares and employee share schemes.

If you are an accountant looking to outsource services, increase margins and help your client’s thrive, you can book a video call with one of Initor Global’s expert advisors using this link or send an email to [email protected]

Initor Global is exhibiting at Accountex 2024 on 15th and 16th May. You can visit us at stand 1265.