Banking

Opening an account with a bank may be easy for an individual savings bank; for a business, it doesn’t come that easy. A business usually looks for a financial service that offers not only immediate access to its cash balances but also faster transactions and overall support for monetary issues relevant to the business’s activity.

Banks normally require companies to show their incorporation and licensing documents. These include

• The certificate of incorporation;

• The Memorandum of Association; and

• The Articles of Association.

In some cases, banks require companies to produce documents relevant to the directors and a few shareholders. This is often required where a new company is initiating a new project where the risk may be high, or where the company itself cannot represent its own credibility and is solely dependent on the value and goodwill of its founders.

For consultation and developing the best approach for applying with a bank, contact our experts. We will help you in negotiate a favourable agreement with the bank to allow your cash flow maximum flexibility.

Registration forms

When dealing with Companies House, you are required to fill and submit certain sets of forms and documentation just before it commences its activities; the most important forms being for the registration of the official address of the business, and of the directors and secretaries.

When you register online using our site, you do not need to fill any forms. Instead, your online registration form is sufficient for all purposes. You can also update the relevant information whenever you wish, by just logging into your account on our site.

Form 287

This form must be filled with information relevant to the company and registered or official business address. The address will be used for correspondence by Companies House and other related and non-related government institutions, private individuals and organisations. It is therefore, recommended that the directors ensure that Companies House has an updated record of all relevant information. 

Form 288a

All company directors and secretaries are required to fill this form individually and deliver it to Companies House annually. All required information is important and must be supplied without reservations, the directors are specifically instructed to enter their date of birth and signature where required.

Links

These links will assist you in seeking helpful information regarding managing your business.

Department of Trade and Industry

The Inland Revenue

Association of Chartered Certified Accountants (ACCA)