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Roles within a limited company

Within a limited company, there are different roles which have certain responsibilities and duties. Private limited companies must have at least one director and one shareholder. The term ‘Company Officers’ refers to the company secretary and/ or directors of a limited company.

Below is a summary of the different roles and their purpose.

Directors

  • UK Directors must be 16 years old or over
  • Responsible for the managing the company
  • Making decisions
  • Must act in the best interest of the business

Shareholders

  • Have ownership of the company through shares
  • Have certain responsibilities and powers, such as appointing the directors
  • Depending on their entitlement within the company’s Articles of Association, they may have voting rights

Company Secretaries

  • Responsible for keeping the company complaint under the Companies Act 2006
  • They may update official company documents, statutory registers and books
  • For public limited companies, they will need to have the relevant qualifications and training
  • Private limited companies do not require a company secretary, however public limited companies do

Although directors can also be the company secretary of a limited company, it may be beneficial to appoint a separate individual or organisation as the company secretary if you are the sole director.

For more information, please contact formations@wisteria.co.uk, or visit www.wisteriaformations.co.uk.