Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

It was once a requirement for private limited companies to have both a director and a company secretary.  These days having a company secretary is optional for private companies. A public limited company still must appoint a suitably qualified company secretary.

What are the requirements of a company director?

Company directors are responsible for the management of the company. It’s their job to ensure decisions are made in the best interests of the company.

They’re also responsible for meeting any legal obligations, and making sure the company doesn’t miss deadlines. This includes submitting the correct statutory on time, such as the annual accounts and tax returns.

 

accounting services for limited companies

What does a company secretary do?

A secretary is often responsible for the timely submission of relevant documents. They also tend to give notice of company meetings, including the Annual General Meeting. Other duties may also fall to the company secretary, such as payroll duties.

Who can be a company secretary?

There were originally restrictions that means sole directors were unable to act as company secretary for their private company. This is no longer the case for sole directors.

Anyone can be a secretary in a private company, though it’s the directors’ responsibility to choose someone with knowledge and experience for the job.

In public companies the company secretary must be someone with a professional qualification, such as an accountant or solicitor.

Learn more about our online accountancy services, or ask for an instant quote online

About The Author

Elizabeth Hughes

A content writer specialising in business, finance, software, and beyond. I'm a wordsmith with a penchant for puns and making complex subjects accessible. Learn more about Elizabeth.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.