Certificate of good standing

The certificate of good standing certifies that your UK company has been in continuous, unbroken existence since its incorporation. Concurrently, there is no action is currently being taken to strike it off Companies House register.

Generally, it is very easy for your company to achieve good standing status. All you need to do is to make sure you submit your company accounts and confirmation statements with Companies House on time.

In addition, your company must meet minimum company officer appointments requirements. For example, a Public Limited Company (PLC) must have at least two directors and a company secretary with one person director. Whereas for a private limited company, you must have at least one person director.

Companies House will not issue your certificate of good standing if your company’s filings are not up to date. For example, your company account is overdue at the time you request your certificate, Companies House would not issue it until your company account is filed.

When do you require a certificate of good standing?

Normally, if your company are banking overseas, your foreign bank would require you to provide a certified and apostilled certificate of good standing issued by Companies House every year.

In this circumstance, you must obtain your certificate from Companies House first. Thereafter, you arrange your certificate to be stamped by the Foreign and Commonwealth Office (FCO). You must send in the original certificate not the photocopy of it.

Additional facts on your certificate

You can request to include additional certified facts on your certificate. These include:

  • directors’ names, and details such as date of birth or nationality
  • secretaries’ names
  • registered office address
  • the company’s objects
  • good standing statement

If you have any questions on how to obtain your certificate of good standing, feel free to contact our London accountants.

Brexit UK leaves EU 31 October 2019

Brexit UK leaves EU on 31 October 2019, the radio made the announcement repeatedly yesterday. I lost count the number of times during the 3 hours car journey.

At night, while waiting at the Accident and Emergency at the hospital to treat possible fractured finger, I saw the news on the TV broadcasting Brexit news. The news said if UK leaves EU with no deal, UK may face shortage of food.

Possible shortage of food

There is always a solution to a problem. UK have lots of land. People can opt to eat locally produced fresh vegetables and fruits. This may open the opportunity to encourage local farmers to grow more to cater for the demand of local fresh fruits and vegetables.

In the olden days, when international trade not yet to become popular, no import and export exist yet, what do people eat? People eat food produced locally. They taste nice and delicious. We can do the same here.

It may be inconvenient not to be able to continue to buy imported fruits and vegetables from the EU. However, we have the option to import fresh fruits and vegetables from the rest of the world if we wish.

May be you would like to grow your own vegetables at home. In your back garden if you have a bit of land. You can get vegetables seeds easily from supermarket and garden centre nowaday.

Seek, you shall find it.

If You think Brexit UK leaves EU on 31 October 2019 caused lots of troubles. If you think the change as a result of Brexit is trouble is coming, then all you will see and find is just trouble after trouble. With resentment, you would tend to get frustrated quickly.

Change your perspective, view Brexit is an opportunity to restructure your company, reorganize your business, to streamline your business operations. If you seek opportunity, you will find it. When you have a positive mindset, you tend to get things done more quickly and efficiently. Most importantly, you feel peace.

UK government has put in place many guidances to help people to adapt the Brexit. For example, Companies House has issued guidance to help people to manage the administration of UK companies that operate in the EU, EU companies that operate in the UK. All is well and good luck.

New to UK company

If you are new to UK company, you can quickly learn the basics. How to take care of your new UK company. Generally, after Companies House issued your certificate of incorporation, you can start your business straight away.

Your business with Companies House do not end there. Thereafter, you must continuously update Companies House with your business progress. For this purpose, you are required to file your company accounts and confirmation statement with Companies House every year.

Another governing body, you must also respect, is the HMRC, the UK Tax Authority.

Here are the legal documents you must prepare and deliver to Companies House and HMRC.

Companies House legal filings

Your to do listDeadline
You must prepare and send your first ever company accounts to Companies House21 months from the date of incorporation
Thereafter, in the subsequent year, you deliver your company accounts to Companies House9 months after your financial year ended

HMRC legal filings

Your to do listDeadline
Work out your corporation tax bill if you made a profit. You must also tell HMRC if you do not make any profit.9 months after your accounting year ended
Prepare and file your company tax return with HMRC12 months to file your CT600 online with HMRC

For Companies House filings, you have the options to file one or file on paper. To file online, you would require your company authentication code. Whereas for filing of company tax return with HMRC is online only. For this purpose, you may use third party accounting software accredited by HMRC.

Normally, people would hire an accountant to take care of their UK company filings for them. If you are new to UK company legality and filings, this may be best way forward if you yourself not familiar with UK company law.

Contact our London accountants if you have any questions about your UK company.

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