Business News

Companies House - Late Filing Penalties

Late filing penalties issued by Companies House for failing to submit company accounts or reports on time is not something new however, it is something worth noting. Read more

Counterparty Signing

Despite being a relatively short Act, the recently introduced Legal Writings (Counterparts and Delivery) (Scotland) Act 2015 is still significant. Unlike Scots law, English law has long since recognised signature in counterpart.   Given the international nature of a number of commercial transactions, signing in counterpart shall be welcomed. Read more

The Changing Face of Company Administration

The Small Business, Enterprise and Employment Act 2015 introduced earlier this year aims to enhance the UK’s position in the global market as a trusted place to conduct business with a range of opportunities for small businesses. Read more

Incorporating a Company or Looking to Change the Name of your Company?

Two sets of Regulations have recently come into force in relation to restrictions on company names.   Although this is not new legislation, the content of the Regulations should be noted. Read more

Who owns a company? Changes to beneficial ownership

The UK Government has proposed changes to companies in respect of their beneficial owners (those who own or control greater than a 25% share in a company) in a bid to encourage transparency and responsibility within a company. Read more

Partnership (Prosecution) (Scotland) Act 2013

This Act came into force at the end of April 2013 to address a loophole which prevented a partnership from being found guilty of a criminal offence because it had been dissolved. Read more

Changes to the Registration of Charges at Companies House

New regulations shall come into force on 6th April this year in respect of the registration of charges at Companies House, replacing the existing regulations under the Companies Act 2006. Read more

Combating Late Payments in Commercial Transactions

The UK and Scottish Governments have recently published a joint consultation seeking views on the implementation into domestic laws of the European Directive 2011/7/EU on combating late payment in commercial transactions. Read more

Simplification of Audit Requirements

The Department for Business, Innovation and Skills has recently published the Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012. Read more

Amendments to Registration of Company Charges

Part 25 of the Companies Act 2006 which relates to the registration of charges both in England and Wales and in Scotland may be set for change. Read more