Our view - July 2008
Things have settled down at Jordans after the upheaval brought about by the April 2008 changes. We are now veterans at bringing in the necessary changes, and I'm pleased to say that our staff take the updates in their stride.
We've all been surprised at how popular the change to appointing company secretaries has been. Currently around 48% of all companies formed through Jordans are formed without a company secretary in office. The national average, according to Companies House, is just over 42%.
This change only seems to have affected new companies; there is little evidence that existing company secretaries are resigning in droves. If you want more information on this and how it affects newly formed or existing companies, read our commentary on the subject.
Remember that whether you have a company secretary or not, all the statutory compliance jobs still need to be done by someone. If you need help with this, take a look at our services.
We are now working on how the next big change to the company's officers will affect us – the requirement from 1 October 2008 to have an individual on the board of every company. If you missed our commentary on what you should be doing to get ready for this change, you can read it here .
The new trading disclosure requirements, with the obligation to have every company name on display at the registered office, are also exercising our minds at the moment. Find out more about these requirements .
Finally it's great to be able to report that there is now some certainty about how the CA06 will apply to LLPs. BERR have confirmed that many of the CA06 provisions will apply to LLPs, some from 1 October 2008 and the remainder from 1 October 2009. So, we won't have to learn completely different rules for LLPs, as the CA06 provisions will apply with the necessary modifications. For more information on this see our news item.
Group Chief Solicitor
Jordans
