Adding a director to a limited company
When you set up a limited company, you will be required to have at least one director, as well as at least one shareholder.
However, once the company has been set up, you might find that you want to expand your team of directors, or replace one of your original directors.
Here’s our guide to adding a director to a limited company.
How many directors can a company have?
Your company can have as many directors as you want. However, it’s important to remember that each director must be approved and go through the relevant, official process.
Deciding to add a new director
New directors must be approved by the relevant parties before they can be appointed. This typically happens by a resolution of the members at a general meeting, or in writing. In some instances, however, companies will grant this decision-making power to the board of directors.
Who can I add as a director?
There are a number of requirements that someone must meet before they can be appointed as a director. They must:
- Be at least 16 years old
- Not have been disqualified from directing another company
- Not have an undischarged bankruptcy
- Not be an auditor of the company
- Not be excluded under any of the Articles of Association
How to add a new director
First thing’s first, if you’re thinking of adding a new director to your limited company, it’s important to ensure they are suitable for the job and have all the necessary requirements. You must carefully consider if they are the right person for the job.
When you’re happy to go ahead and make them a director, you will need to register them with Companies House. This is done using a AP01 form. You can either print off the form and return it to them via post, or simply complete the form online using the WebFiling system.
Alternatively, you can use a specialist company formation service to take care of the process for you, saving you the time and hassle of having to fill out and submit the forms yourself.
What information is required to add a director?
When adding a new director to your limited company, you will need to provide the following information:
- Date of appointment
- Full name
- Any former names used within the past 20 years
- Date of birth
- Service address
- Residential address
If you’re thinking about adding a new director to your limited company, or you need advice on how to go about replacing a director, please get in touch. Call us on 0191 4324110 or email us at: firstname.lastname@example.org.