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Good leaver bad leaver

Once you give away shares you cannot get them back without consent. Consent is not compulsory. This is usually a problem when it comes to ex-employees and directors. The solution is to change the articles to deal with good and…

Confirmation statement

Now companies must file a “confirmation statement” at Companies House, at least annually. If your company’s records are inaccurate or late, you face a £3,000 penalty and criminal actions. If you file the confirmation statement late,  the Registrar of Companies…

Duty of confidentiality after employment

Does a departing employee have a duty of confidentiality? You can deter the employee and new employer. Unfortunately, you can’t prevent an ex-employee divulging some “confidential” information. In this insight, we look at The implied duty of confidentiality. How to…

PSC register requirements

The PSC register identifies the “Persons with Significant Control” over most businesses.  From 6th April 2016, every company and LLP requires a PSC register to comply with the Small Business, Enterprise and Employment Act 2015 . The PSC register is public….

Late payment of suppliers

Late payment of suppliers can be crippling especially for SMEs. Large corporates are some of the worst offenders. The strong purchasing power of large businesses enables them to force suppliers to await payment.  But, there is an additional solution for SMEs to consider as…

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