Nominee Services

Keeping track of all the legal requirements for Companies House and completing the administration accurately can prove a burden when you want to be concentrating on your business.

At Rashid Business Services Limited we offer the following Nominee services.

Company Secretary

Every company must have a company secretary (Companies Act 1985 section 283) who will perform a variety of tasks crucial to the smooth running of the company, which includes ensuring that the company's statutory obligations are complied with. Rashid Secretary Services will act as your nominee secretary or as a joint company secretary to ensure you are compliant with the Companies Act. As a rule, the corporate secretary does not have any involvement in the day-to-day operation of the business and does not become a signatory to any bank accounts.

The secretary is the chief administrator for the company (despite the name, the role is not a clerical or secretarial one in the usual sense). He or she normally takes charge of ensuring that any documents, which need to be sent to Companies House, are sent on time. The secretary can also be a director, and therefore have the same responsibilities as the other directors. If the secretary is not a director, he or she is still is an officer of the company and is responsible for its actions (with the exception of the companies' accounts, which are the personal responsibility of the directors). The role of company secretary may most appropriately be the responsibility of an administrative director, finance director, chief accountant or the like. Only in larger quoted companies will the job of company secretary normally be the full extent of a full-time employee's duties.

• Nominee Secretaries do not usually have an active role or function in the actual business of the company.
• The Company Secretary can authenticate documents or proceedings of the company and the signature of the Secretary on a written resolution is evidence of the proceedings.
• Rashid Secretary Services will act as Nominee Company Secretary for limited companies on an annual basis.
• This service is primarily designed to help people keep non-trading companies fully compliant with the law.
• It does not perform any secretarial duties, and does not become involved with operations of the company in any way.
• If signatures or verification documents are required extra charges will apply.
• Preparation and submission of the Annual Returns (payable fee additional).

To order our Nominee Secretary facilities please do so whilst using our system to incorporate your company.

£50 ex VAT

Company Director

The basic function of the nominee director is to shield working executives of limited and other companies from the public disclosure requirements that exist in the UK and other jurisdictions. It is a perfectly legal device which preserves the privacy of an individual. It is designed to help a person who would rather not disclose their interest or association with a given corporate body. Anyone performing a company search on a company with a nominee director would be unable to discover in whose name the nominee director was registered.

A nominee director is someone who in fact is renting his or her name to you. In other words, the name of this person is used and not yours for the incorporation documents. They are also taking the positions on paper of the company directors. The term of straw man or front man has been used to describe someone who is acting as the nominee. Legally, according to the incorporation documents, the nominee is responsible for the company or entity. In addition, if it is the case of a nominee that is also listed as the nominee shareholder, then they in effect also have the related ownership responsibilities as well.

• A nominee director is someone who in fact is renting his or her name to you. In other words, the name of this person is used and not yours for the incorporation documents. They are also taking the positions on paper of the company directors. The term of straw man or front man has been used to describe someone who is acting as the nominee. Legally, according to the incorporation documents, the nominee is responsible for the company or entity. In addition, if it is the case of a nominee that is also listed as the nominee shareholder, then they in effect also have the related ownership responsibilities as well.
• The Nominee Director cannot and will not enter into any business contract or financial or moral commitment.
• Rashid Director Services will act as Nominee Company Director for limited companies on an annual basis.
• This service is primarily designed to help people keep non-trading or dormant companies fully compliant with the law and perhaps to protect the identities of the persons actually controlling the company.
• At the same time the appointed nominees are not actually entitled to manage the company.
• We provide the beneficial owner with a Power of Attorney empowering him to run the business, manage the company's activities and open and operate the company's bank accounts.
• Nominee Director will only sign company accounts and annual returns prepared by the accountants of the company.

To order our Nominee Director facilities please do so whilst using our system to incorporate your company.

£125 ex VAT