Further to our recent article, Persons of Significant Control – Part 1, this part 2 of the series shall consider the PSC conditions 1, 2 and 3 in more detail. Condition 1 - directly or indirectly holds more than 25% of shares. Read more
Although there has been much said of procedures to conduct a meeting amidst a worldwide pandemic, one should not forget that there is a useful alternative; the ability to use written resolutions. Read more
The UK government ran a consultation from May to August 2019 on Corporate and Transparency Register Reform. It was noted that the operations of Companies House had remained largely the same for many years and unfortunately, recently there have been increasing instances of misuse and concerns about accuracy. Read more
Further to our Article Directors Duties in Difficult Times from April 2020, The Chartered Governance Institute has recently published guidance for directors providing a useful summary of their statutory duties and some practical guidance to enable compliance. Read more
Have you made a career decision during lockdown to go it alone in 2020?
Perhaps you have had time to reflect whilst on furlough; unfortunately you have been made redundant; or perhaps you have continued to work either in the office or remotely but have decided it is time to follow… Read more
The Companies etc. (Filing Requirements) (Temporary Modifications) Regulations 2020 came into force on 27 June 2020. These Regulations introduce measures which allow businesses more time to deal with company administration matters meaning they can focus on the operation of their business. Read more
If your annual company accounts are due to be filed and you are having difficulty finalising these during this time, you can apply to Companies House for a 3 month extension. If you cite difficulties due to the coronavirus outbreak, the extension will be granted automatically and immediately. Read more
Directors will undoubtedly want to do all they can to ensure the continuity of their company both during and post coronavirus outbreak however, they need to be mindful of their statutory duties. Read more
The latest quarterly report from the ASPC gives a reassuring picture of local market activity, with the house price index remaining, mostly, in the positive. The change in quarterly price is +1.5%, while the annual change is -0.5%. Taken over five years, the index is marginally positive at +0.4%. While the figures are reassuring, it may well be that our local market is yet to feel the strain of the general economic background and only time will tell whether this will be reflected in the remainder of 2023. Buyers’ wariness over the short term may well affect property sales as they effectively “sit tight” to see what happens with interest rates. This may result in a sluggish Autumn/Winter market as moving plans are put on hold, but for the moment, there is still healthy demand for properties in desirable locations and in good condition.
On Saturday 26th of August, Mackinnons Partners Neil Torrance, Pamela Bursill and Gregor Sim will be tackling Ride the North together with friends and family to raise money for local children’s charity “Charlie House”.