Structure of a Limited Company - Directors

The following offers a brief guide to the structuring of a UK Limited Company. This does not set out to explain the complexities of company law, nor do we intend to set out a full list of the responsibilities of the company director. We do, however, aim to give the uninitiated some basic information to assist in the important decisions concerning the appointment of company officers and other matters when setting up a company for the first time.

Directors

A private company must have at least one director. There is no limit to the number of directors allowed.

The directors are responsible for the management and day to day operation of the company and have a duty to be aware at all times of the company's financial situation.

The Companies Act lays down strict rules regarding the duties and conduct of directors, and it is worthwhile investigating such rules upon taking any such appointment. Acting as a director is a serious issue, and you should not consider doing so unless you will be fully aware of the company’s activities. Details can be provided free of charge from ourselves or from Companies House.

Directors have a personal responsibility to ensure that matters of Company Law are adhered to at all times and can be held personally liable for non-filing of Companies House returns and other infringements of law conducted by a company.

Any or all of the company's directors can be resident anywhere in the world and can be of any nationality.