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For press enquiries please contact:

Felicity McClintock

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 felicity.mcclintock@willans.co.uk

June 02nd 2015

We have handled the multi-million pound sale of two Gloucestershire businesses, Window Widgets and Eclectic Systems, to investment group DW3 Products Group Limited.

In the day-to-day running of a company, businesses are often overseen by individuals who are not legal directors registered at Companies House. This has important consequences, as such individuals may be exposing themselves to personal liability (both civil and criminal) for their acts or omissions in directing the company. 

Although a business may create intellectual property (IP) during the course of its operations, in reality this IP is created by individuals. 

This order, which came into effect on 11 July, now enables the registrar to send letters and notices of strike off to defunct companies and LLPs by electronic means, including email and text messages.

It is important that any business which is selling to consumers reviews their terms of sale and websites to ensure that they are compliant with new laws which came into effect on 13 June 2014.

Companies can be ‘struck off’ the register’, and therefore cease to exist, for a variety of reasons. But in certain circumstances they can be restored to the register.

 

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Law News

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