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UK Company Formations, January - December 2016

  New company incorporations across the UK have been growing since 2012, resulting in 3.5 million live companies now on the official register (excluding companies in the process of liquidation or dissolution). From January to December 2016 over this twelve month period around 657,000 new companies were incorporated. The following league table, although...
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Fourth Money Laundering Directive to widen scope of PSC regime?

Scottish Limited Partnerships and Scottish Partnerships could soon find themselves within the scope of the PSC (People of Significant Control) regulations. The PSC regulations require companies to identify anyone who: holds, directly or indirectly, more than 25% of the shares holds, directly or indirectly, 75% or more of the voting rights holds the...
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Gender Pay Gap Reporting

Scottish companies that meet certain criteria will soon be required to publish information relating to the salaries and bonuses they pay to the men and women they employ. The draft Equality Act 2010 (Gender Pay Gap Information) Regulations 2016 was published by the Government in February 2016.  Whilst subject to Parliamentary approval, it looks likely to come into force in early...
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People with Significant Control: Confusion or clarity?

Debbie Farman is our Director of Legal Practice for Jordans Corporate Law.  Here she takes a closer look at the confusion surrounding the specific statements permitted when filing your initial Register of People with Significant Control. I am pleased to welcome her to the Jordans in Scotland blog. Following the introduction of the requirement to identify the initial...
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Company formations in Scotland and across the UK: How do you choose?

For most people, starting a new business is a very big deal and requires careful consideration. So, why, if you are taking this big step and you require a private limited company, would you take the cheapest possible route and use the first place you find online promising you a company in 2 hours for less than £20… some less than £15? What do you actually receive for just a few...
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PCSec - company secretarial software

Prefer to look after your own company adminstration? PCSec, our company secretarial software, will help you stay on track.

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