Who might want a Nominee Director?
Many UK companies are legally required to have at least one director and disclose their director’s information. The individual(s) must be registered at Companies House, and this information is available to the public. Some company directors value their privacy and would instead remain anonymous rather than disclosing their personal information to the public. This anonymity can be achieved by appointing a nominee director. At More Group, one of our professional consultants can take on this position ensuring your company director’s details are kept confidential.
How does it work?
Depending on your requirements of the nominee director, the scope of work will vary. Here are some examples of the type of responsibilities our nominee directors can undertake:
- Mail forwarding of Companies House and HM Revenue & Customs mail
- Signing of documents
- Power of Attorney
- Signing on VAT Forms
- Bank Account signatory
The scope of power of a nominee director
An agreement must be signed before the appointment of the nominee director which should outline every duty of the nominee director. We work closely with our clients to understand their circumstances, allowing us to draft clear agreements that meet their requirements. This means our clients have control over the degree to which their nominee director will be involved with their business’ activities. Our professional consultants can advise you on the best options available to you.
A significant cause of concern for many people is whether the nominee director can access the company’s bank account. The company bank account is only accessible by those whose names are authorised by the bank.
How More Group can help you
Our experts have vast experience when it comes to drafting appropriate nominee director agreements. We can ensure your requirements are met, including you retaining full control of your company. Through regular consultation during the drafting process, you will be able to review the terms of the agreement.
As a More Group client, you will receive a reliable, accurate and confidential service. Contact us today to speak to one of our professional consultants and book a free consultation.