A Certificate of Good Standing is used to prove that a company is incorporated and authorised to undertake business in the country it is registered. The Certificate of Good Standing confirms three things:
- That the company has continued to exist since it was incorporated;
- That the company has no documents outstanding including accounts and confirmation statements; and
- That no action is currently being taken to remove the company from the Registry.
In the United Kingdom, a Certificate of Good Standing is issued by Companies House (the register of companies).
CHANGES BROUGHT IN BY THE SMALL BUSINESS ENTERPRISES AND EMPLOYMENT ACT
In March 2015 the Small Business Enterprises and Employment Act became an Act of Parliament. It was designed to make the United Kingdom a more attractive place to start, finance and grow a business.
Due to changes brought in by this Act, as of the beginning of November 2016, we will no longer be able to order certificates with information on shareholders, shareholdings or statement of capital. Therefore, on request of a Certificate of Good Standing from Companies House we will be only be provided with the following facts:
- Directors names
- Secretaries name
- Registered office address
- Good Standing statement
Due to the difficulties in obtaining this information there will be no replacement issued by Companies House to replace the shareholding on the Certificate of Good Standing.
IN-HOUSE SOLICITORS DEED
We understand that it can be a requirement for a Certificate of Good Standing to be issued showing the shareholding information. As a result of this, if it is necessary for the shareholders, shareholding and/or statement of capital to be shown on the Certificate of Good Standing we are able to issue a Solicitors Deed which confirms the following information:
- When the company was incorporated
- Registered Office
- Directors names
- Secretaries Names
- Shareholders and shareholdings
- Statement of Capital
- If the company has been in a continual and unbroken existence
The deed is signed by our In-House Solicitor and can act as a substitute for the Certificate of Good Standing in some cases. We are able to provide an example on request. Please do not hesitate to contact us if you have any questions on the above.