What is a company director

Companies directors are officers appointed by the company to run and manage it's affairs

What is a company director?
Directors are people that are responsible for the day to day running of the limited company.

Who can be a company director?

Anyone can be a company director if they are at least 16 years old and are not currently bankrupt or disqualified from acting as a director.

What details are made public at Companies House?

Certain details about directors are made public, these include:
  • Title, forename and surname
  • Service address
  • Nationality
  • Month and year of birth
  • Occupation
  • Date of appointment

What does the company director do?

The company director is responsible for:
  • the management and running of the company
  • to act in the interests of the company and to promote it wherever possible
  • responsible for ensuring all legally required forms are submitted to HMRC and Companies House.

Can a limited company have multiple directors?

A limited company can have multiple directors but bear in mind all directors are responsible for running the company and all are accountable if the company is not operated legally.

Can I appoint new directors?

Yes, you can appoint new directors at any time during the year. They new director must be declared to Companies House, using the appropriate form, immediately. Details of all new directors must be included on the Confirmation Statement annual report each year.

Can I remove or resign from being a director?

A director may resign or be removed from the company by using an Ordinary Resolution at any time. The details of the removal must be confirmed to Companies House within the appropriate timeframe set out by Companies House.

Please note, a company must have at least one serving director at any time. Furthermore, if the director is also an employee, they may also have certain employment rights to consider.

Are directors liable for company debts?

A limited company is responsible for its own debts. However, directors are responsible for ensuring the company always complies with the law. This means that if the director acts negligently, or fraudulently then they could be personally liable on behalf of the company and could face prosecution.

However, in general, directors are not personally liable for the debts of the company, unless they have shares or have provided personal guarantees for any of the debts.

What is the difference between a director and a shareholder?

Shareholders own the company and directors manage the company on their behalf. To become a shareholder, you must buy at least one share issued by the company.

It is very common that a director is also the main, or only shareholder in the limited company

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