The company secretary: expensive devil, or guardian of your cash?

The company secretary: expensive devil, or guardian of your cash?

The position of the company secretary has been dispensed with as a statutory requirement in recent companies act legislation, however, if you choose not to use the services of a professional company secretary it could end up costing you more than you save.

How?

Whether you have an officially appointed secretary or not, the company is still required to comply with statutory filing deadlines and file reports. Failure to do this could end up costing you heavily. For example, failure to file your accounts on time with companies house will cost up to £1,500 depending on (more…)