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Providing Independent Financial Advice In Lancashire
The Benefits of a Company Secretary
So often for newly formed companies, secretarial services can be an afterthought.  In some cases, it’s during the formation process that the new Directors of the company discover that the role exists.
Providing Independent Financial Advice In Lancashire
Why Use Secretarial Services?
Any hands-on company director has a great deal of work to do, much of it involving specialist knowledge. The role of a company secretary also requires extensive knowledge, experience, and a particular mindset. While some companies do very well nominating a particular director to act as company secretary, others may find they don’t have someone whose abilities overlap well for this.
We have decades of experience among the team acting as company secretary for many businesses around Lancaster and Morecambe. We offer the service because the role of company secretary requires diligence, up-to-date knowledge of relevant legislation, and a deep familiarity with accounting principles.
Providing Independent Financial Advice In Lancashire
Duties of a Company Secretary
The duties of a company secretary – preparing and maintaining financial and other reports, both for directors and for Companies House – take time to do well. There is also a risk to making mistakes, especially with regard to the company’s tax obligation or the overall profitability of the business – so being detail-minded and diligent is crucial.
This is a part of the skillset of some directors, but it’s not necessary to the role – some directors work in a very different style, relying on others to handle the details while they drive the company forward. Especially for small companies who may not have a large board, it’s completely possible that your board won’t have the combination of relevant knowledge and attention to detail needed to carry out the role well.
Providing Independent Financial Advice In Lancashire
External Secretarial Services
Even if you do have a perfect candidate on the board, it’s likely that they also have other duties to handle – so do they have the time? A company secretary frees up that time, allowing them to focus on other issues and on the growth of the business.
Bringing in secretarial services from TR-W dovetails well with other business accounting. As we have to prepare key reports in any case and our team keeps up to date with all legislative and regulatory changes for compliance, we’re perfectly positioned to carry out secretarial duties for clients who require them, giving you the financial information you need to make the correct decisions for your business and freeing up your time to focus on other things.
Don’t hesitate to contact us directly if you have any other issues.
