When a private limited company is incorporated, the first directors are usually designated by investors. However, new directors could be designated at any time after the company is formed. The reason to appoint new directors could be any. For instance, it could be a replacement for the current position or adding more directors to the team. There’s no tab on restricting the number of directors to any specific number. But, new appointments must be affirmed by board members. Existing directors could also appoint new appointments if such powers are granted to them in the articles of association.
What is the procedure to appoint a new director after company formation?
A new director could be appointed as soon as you get a suitable candidate who meets all the vital prerequisites for the position. It could be done using director appointment service or by directly downloading the ‘form AP01” online. Fill out all the details in the form and submit it online to Companies House through Web Filing. You could also submit it via post. Alternatively, you could let us handle your task. We keep things simple. Just submit the details through the online form available on the website and let us handle it further for you.
What is the information I need to submit while appointing a new director?
To appoint one more director or replace the old one, here’s the crucial information you should provide to the Companies House:
- Full name of the new director
- Former name if used by them in the past 20 years
- The nationality of the director
- Appointment date
- Date of birth
- Current business occupation (if applicable)
- Current residential address
- Current service address
While filling out the form, you need to check the box stating “consent to act” option. This confirms authorities that the person who is going to be assigned the director’s role agrees to play the role in the company. You are not required to provide the digital signature of the new director or any other kind of digital authentication if you check this option in the appointment form.
Is it mandatory to provide the directors’ middle names?
The Companies House asks for the “surname” and “full forename” of every new director you are going to appoint. However, their middles names could be provided at your discretion. However, for the financial transactions, banks and other financial companies might want you to display their surnames, so make your move accordingly.
What should I mention in the director’s occupation column?
Whether you appoint new directors after the company formation or during it, there are details pertaining to the director’s occupation that you need to fill out in the form. You can state their business occupation as follows:
- Simply mention it as the “company director”
- State the director’s current profession if he/she has got one
- Or, leave the column blank
There is no qualification for a UK limited Company’s director like the profession or educational background. He/she could be a working professional in the company or an outsider with no prior knowledge about the business activities of the company. However, in cases, professionals excelling in a specific job role within the company are preferred for the director position.
The director’s role could be the basis of the company’s activities or incorporated into the role. For instance, assigning a director’s role to a web developer who is the director of his company or appointing the director’s position to a designer who serves both the roles at the same time.
Can I remove the current director before appointing a new one?
According to the rules, your company must have a director appointed all the times. It couldn’t stay operational without a director. You could appoint multiple directors but are not allowed to entitle a corporate body (organisation or firm) assigned as the only director.
Therefore, before you remove your current director from the position, you should have a suitable candidate for the replacement. You should register the details of the new director at the Companies House before removing the details of the current director from the records. You can use our director resignation service to smoothly handle the process with the Companies House.
What are the qualifications for UK Limited Company’s Director?
Assigning the company’s director role has very little restrictions in the UK. You are free to appoint anyone (person or a firm) as your director. However, the director shall not be one of the following:
- A bankrupt person
- Below the age of 16 years
- A disqualified director
- An auditor of that company (person or corporate entity)
- A disqualified person mentioned in the articles of association
It is not mandatory for the directors to be the shareholders. Their prime reason to appoint is to run the company operations smoothly. If they don’t wish to act like owners, then they don’t have to be. However, it’s a pretty common practice to offer shares to the company directors nowadays. Therefore, you could choose whichever suits your business interests.
What are the address requirements for directors?
It is required to submit the residential address and the service address details of the new directors you are going to appoint. It could be an address within the UK or any address at an offshore location. Since the service address of the directors get listed on public records, it would be better to keep it other than your residential address if maintaining privacy is their prime concern. You can use our director’s home address privacy service to prevent your director’s home address from appearing on the public domain.