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COMPANIES HOUSE

'Companies House' is an Executive Agency of the United Kingdom Government Department of Trade and Industry (DTI). All limited companies in Great Britain are registered with Companies House and file specific details as required by the Companies Act 1985.
The United Kingdom has had a system of company registration since 1844. The legislation governing company registration matters is the Companies Act 1985 updated by Companies Act 1989.
Companies House has 2.1 million companies on the register and was one of the first National Company Registries to implement Electronic Company Formation. Now over 83% of companies are formed Electronically, and over 40% of documents filed electronically[1].
Overseas companies that establish offices in Great Britain must also register with Companies House.
Claire Clancy is the Chief Executive of Companies House.
Companies House uses external companies to provide some of its services. The Companies House Contact Centre service is provided by Vertex Data Science Ltd. This contract has recently been extended for a further 5 years. The value of the contract is reportedly £12 million.
The Companies House Direct service and the website was run by Orchid Telematics. This contract came to an end as of 31 July 2006, and Orchid's function has been brought back within Companies House.
Companies House Website, Webfiling & WebCHeck service payment processing is dealt with by a company called Netbanx.

Contents
England and Wales
Scotland
Northern Ireland
Types Of Company
Electronic Company Formation Statistics
Criticisms
Notes
External links

England and Wales


The main office in Cardiff handles companies incorporated in England and Wales. These companies are subject to English law. There is another office at Nantgarw, Wales, which contains the Compliance Unit, Prosecuting Solicitors, Late Filing Penalties and the E-Filing Team. This office does not accept postal deliveries.
The London office deals mainly with document orders and collections and can provide same day incorporations for Companies in England and Wales.
The Registrar of Companies for England and Wales is the Chief Executive Claire Clancy. She will be stepping down from this post to take office as the Chief Executive of the National Assembly.

Scotland


The Edinburgh office handles companies incorporated in Scotland. These companies are subject to Scots law.
The Registrar of Companies for Scotland is Dorothy Blair. Jim Henderson was the previous registrar.

Northern Ireland


All limited companies in Northern Ireland are registered with the Department of Enterprise, Trade and Investment [2]. Those companies are subject to Northern Ireland law.
Electronic Company Formation is not yet available for Northern Ireland Companies, and a different fee structure and process applies.

Types Of Company


There are many different types of company:

Public Limited Company (PLC)

Private company limited by shares (Ltd, Limited)

Company Limited by Guarantee

Unlimited Company

Limited Liability Partnership (LLP)

Limited partnership (LP)

Societas Europaea (SE): European Union-wide company structure

Royal Charter (RC)

Community interest company
==Company Formation Agencies - Incorporation (Business)==
Most new companies are formed by Company Formation Agents. One of the oldest Company Formation Agents is Jordans who created the Company Formation business back in 1863. The change to Electronic Company Formation has seen a large shift in the market to online agents.
Electronic Company Formation Statistics

Companies House has now formed over 1,000,000 Companies Electronically, and 370,000 new companies were formed in 2005/6[2].
For an idea of scale the Delaware Division of Corporations the leading US registry[3] has 695,000 businesses and 133,700 new incorporations in 2005.[4]

Criticisms


The online services of Companies House are not available from midnight until 7am each day, and not at all on a Sunday [5]. Whilst Companies House state that this is to allow time for batch processing of data entered during the day [6], it places a significant obstacle to verifying trading and other details for UK registered companies by companies located overseas where the time difference can be as much as twelve hours. Distributed database systems as used by major services worldwide are now easily capable of processing 'tens of thousands' of transactions in real-time.

Notes


1. Companies House Annual report 2005-2006[1]
2. Companies House Annual report 2005-2006[3]
3. Delaware DOC no business entities[4]
4. Delaware Department of State, Division of Corporations 2005 annual report[5]
5. WebFiling frequently asked questions[6]
6. Letter to Andrew Speakman[7]

External links



Companies House Official Website - note that many web services are unavailable at night or weekends.

Companies House history and contact details

Foxter.co.uk UK company directory

192.com UK business search engine

This article provided by Wikipedia. To edit the contents of this article, click here for original source.