companies house

How to Build A Small Business That Lasts

How to Build A Small Business That Lasts

Britain has always been a nation of entrepreneurs. From the beginnings of the industrial revolution right through to the modern day, there has always been a zest from our citizens to take that leap of faith and gain control of their work/life balance. However, nowadays every sector is highly competitive for a new start-up which is exemplified by over 50% of the 500,000 new start-ups failing within their first year. For this reason, you need to ensure that your business is built in the correct manner – from infrastructure to tax and insurance, employees and marketing. Your business has to be set up in the right way to ensure that you are best placed to take full advantage of your target market and enter the business arena with the right tools to succeed. Below, we look at four key elements ... »

SMEs at Risk of Corporate ID Fraud

SMEs at Risk of Corporate ID Fraud

More than a fifth of small companies are leaving themselves exposed to corporate identity theft due to lax security procedures, financial insurance firm CPP has warned. A CPP survey of 500 small companies in February this year found that 22% said that they could be vulnerable to corporate identity theft due to lax security procedures, while 34% said they do not understand what corporate identity theft is.  Corporate ID fraud typically involves a fraudster changing company directors’ details or the registered office address by submitting false documents to Companies House, using information they have obtained about the business. CPP spokesman, Eoghan Hughes, said that firms’ susceptibility to corporate ID fraud is both due to the business failing to put secure systems in pl... »

New Powers Protect Companies From Fraud

New Powers Protect Companies From Fraud

Small firms will be able to take action more swiftly if fraudsters hijack their records at Companies House, following new rules to come into effect on 1 October. New powers for the Registrar of Companies mean businesses that suspect their records have been tampered with can now contact Companies House directly to ensure the information is corrected, to stop fraudsters from entering into contracts using their company name. Up to now, firms have had to go through the courts to put a stop to third parties falsifying their records. The change is among the last new processes to be implemented as a result of the Companies Act 2006. “There has been a steady stream of companies being effectively hijacked, when fraudsters submit statutory forms to Companies House changing the names of company... »

Trademark

Company name and trade-mark checker launched

Business Link has launched a free online tool for entrepreneurs to check whether their company name or trade mark is already in use. Launched on the government’s small business support website, BusinessLink.gov, the ‘Company name and trade mark checker’ tool is directly linked to the Companies House database and checks the index of names of all live UK companies, as well as those dissolved in the last 12 months. The search tool also simultaneously checks the name against the UK Intellectual Property Office trade marks database. Users of the tool type a name into the search box and the results show them whether it is already registered, as well as listing similarly named companies. A spokesperson for Companies House and the UK Intellectual Property Office said: “If y... »

Company Name Registration

Reform Crackdown on Company Name Registration

Businesses that have been affected by another company registering under their name, so it can sell the name back to them, will be able to register complaints about such cases from 1st October 2008. The UK Intellectual Property Office has introduced a new statutory body, the Company Names Adjudicator, following reforms to the Companies Act. The reforms make it illegal for somebody to register a company name at Companies House with the intention of selling it back to its rightful owner at an inflated price, or sitting on it to stop them from using it — so–called ‘brand squatting’. The legislation will allow businesses to challenge a company name and bring a complaint to the Company Names Adjudicator for a £400 fee, on the grounds that it is already in use as a b... »

Business Owners Prime Targets for Identity Fraud

As previously reported, owners of small businesses are two-and-a-half times more likely to be targeted by identity fraudsters than the average UK resident, according to credit monitoring firm Experian. The situation is even worse for business owners employing more than 50 people â?? according to the Experian research, they are a worrying five-and-a-half times more susceptible than the average person to this kind of fraud. »

Companies House – Directors and Secretaries Guide

This Companies House Directors and Secretaries article is a guide only and should be read with the relevant legislation. Introduction The director, or directors, must manage the company’s affairs in accordance with its articles of association and the law. Certain responsibilities apply to all directors, whether executive or non-executive, and to all types of company whether trading or not. The company secretary has a few duties set out in the legislation, and may be given others by the articles or the directors. Private companies must have at least one director. Public limited companies must have at least two directors and a company secretary. A private limited company does not have to have a company secretary but it can choose to include in its articles a requirement to have one. Fr... »