Outsourcing has long been regarded as a cost-effective way of maximising efficiency in a company, with the most commonly outsourced roles being in I.T. or accountancy. Outsourcing company secretarial services is becoming more common than ever before. Here, leading corporate and legal support firm London Registrars (https://www.london-registrars.co.uk) looks at why this is, and the potential benefits for your company.
The role of company secretary involves a wide range of tasks: registering company directors and secretaries with Companies House; ensuring the correct paperwork is carried out, filed and registered with Companies House; recording the minutes of meetings of the board of directors; signing off the company accounts, etc. These are, of course, vital functions within any company, so it’s understandable if there has been some reticence in handing these services to an external provider. Today, more companies than ever before outsource company secretarial services, however, having learned that outsourcing to the right company means a reliable and cost effective service, without losing the personal touch.
Peter Driver is Client Services Director at London Registrars Ltd and has seen a shift in opinion in recent years when it comes to outsourcing the role of company secretary. “We know that many directors are apprehensive about using outsourced services because they’re not certain that they’re going to get the personal, tailored service that they’d expect from an in-house company secretarial team. This is where London Registrars’ combination of advisory expertise and effective management of company secretarial processes can add value to a business”. Driver explains that while much of the work of a company secretary is the same in every firm, “many Chairmen and Directors who are running AIM listed or larger private companies also look to their company secretarial team to advise them on organising share placings, designing and implementing incentive arrangements for senior management, and ensuring Directors’ statutory duties, including the new provisions relating to managing conflicts of interest are fulfilled’. Such work relies on real understanding of the workings and needs of the individual company in question, something that London Registrars is able to offer in the provision of its services as company secretary, whether for AIM, private or PLC companies.
As Driver explains; “Our experienced team of company secretarial professionals is able to demonstrate that there is no need to be nervous about using London Registrars’ outsourced services. We work hard to develop close and productive working relationships with our clients so that we understand their needs and can respond appropriately.”
London Registrars offers a wide range of company secretarial services, from administration and compliance to a company secretarial audit. To find out further details about these services, visit https://www.london-registrars.co.uk.