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16 years old – the minimum age for a company director

by admin | Sep 11, 2025 | Corporate Governance & Regulation | 0 comments

Thinking of starting a company at 16? Know the rules, risks and responsibilities before you take the leap. The Companies Act 2006 does not set a minimum age for shareholders, meaning even minors can hold shares unless a company’s articles of association...

Company director disqualification

by admin | Aug 21, 2025 | Corporate Governance & Regulation | 0 comments

Company directors have a legal duty to act responsibly and in the best interests of their business. If a director fails to meet these responsibilities, they can face disqualification from acting as a company director for up to 15 years. Disqualification can result...

When dividends cannot be paid

by admin | Aug 21, 2025 | Corporate Governance & Regulation | 0 comments

Under the Companies Act 2006, dividends can only be paid from realised profits, never from capital, no matter what a company’s Articles of Association say. Dividends can only be paid by a company out of profits available for distribution, not from capital, even...

HMRC to increase anti-money laundering fees

by admin | Aug 7, 2025 | Corporate Governance & Regulation | 0 comments

Fit and proper test fee to jump from £150 to £700 under HMRC’s proposed AML supervision changes Many businesses are monitored by the Financial Conduct Authority (FCA) or certain professional bodies for Anti-Money Laundering (AML) purposes. However,...

Verifying your ID at Companies House

by admin | Jul 24, 2025 | Corporate Governance & Regulation | 0 comments

You now need to set up a verified GOV.UK One Login to confirm your identity with Companies House. To verify your identity at Companies House, you can use the GOV.UK online verification service if you have one of several accepted photo identification documents. These...

New requirements for Overseas Entities

by admin | Jul 17, 2025 | Corporate Governance & Regulation | 0 comments

Overseas property owners must now report earlier ownership changes or risk penalties from 31 July 2025. Under new rules introduced by the Economic Crime and Corporate Transparency Act 2023, entities that registered on the UK’s Register of Overseas Entities must...
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