October 27, 2010, 3:52 pm
Registering companies in The United Kingdom is done through the Registrar of Companies of UK, an institution which regulates company registration in England, Wales, Northern Ireland and Scotland. Having registered over 2 million limited companies only in Great Britain, the Registrar of Companies of UK incorporates more then 300.000. The Registrar of Companies of UK is part of The Companies House, governed by the Minister of Employment Relations, Consumer and Postal Affairs. The institution directly manages its own finances, having a Trading Fund status. The Chief Executive is ultimately responsible to the Ministers for running the institution daily. The Companies House has an Executive Board and a Steering Board which play an important part in directing the institution and overall maintaining a good governance.
The Registrar of Companies of UK has three main functions: to incorporate and dissolve companies, to examine and store company information received under the Companies Act and related legislation and to make the information available to the public. Access to all published material is done through The Companies House Library. It provides access to corporate information, containing data on Annual Accounts and business plans, policy documents, guidance, forms and the Register Magazine Archive. Any company legally registered at the Registrar of Companies of UK has registered data, accessible to the public using a search facility on the registrar's Web site, or with a personal visit and inquiry at the institution's office.
The UK Registrar of Companies is permanently coordinating different projects, with the purpose of developing a better organization, facilitating public access to information and also maintaining confidentiality of the information stored in its databases. Anyone can find information on the current projects, simply accessing the registrar's Web site.
Registering a company is easily done submitting applications and documentation online, or with a personal visit at the institution. The documentation is verified by the judges and if it is consistent and has all the paperwork in order and complete, the certificate of registration is issued in a short period of time, and if not it is possible that additional information be requested.
The Registrar of Companies of UK provides data on companies, storing them into safe databases. The institution also makes available for the public all types of recorded information. Its aim is to promote openness in the public sectors offering a better understanding of the process through which public authorities carry out their duties.