Networking in Surrey

Can you afford the possible £1,000 fine?

You may have heard, Companies House are cracking down on Companies with business stationery that do not meet the mark, directors who fall below the requirements could face prosecution and a fine of £1,000.

The stationery they are talking about are all letters and emails must show the registration number, registered name and address and country of registration. These conditions also exist for compliment slips that are used as a substitute for a letterhead. Other documents (Eg. Invoices, order forms) should show the registered name.

Companies House are threatening to prosecute if you do not heed the warning.

What are your thoughts?

Views: 51

Comment by Alan Rogers on April 17, 2012 at 16:41

Interesting to read this Martin, so I thought I'd respond before scurrying off to check my own stationery.

My immediate reaction is that it's a stick when a carrot would have been so much more appropriate. What these bureaucrats seem to frequently forget is that we're in dire financial times and companies are continuing to make people redundant with some regularity in order to balance the books.

A lot of small businesses currently starting up are people doing now for a living what they used to do for a full time job. They are very knowledgeable in whatever it is they're selling as a skill but they no longer have the benefit of Finance, Human Resources, Facilities and Information Technology departments, so needs must learn these additional skills themselves, and frequently don't know where to start.

Following the government-enforced demise of Business Link, being the most obvious source of information for the person described above, I therefore see this as yet one more tax as opposed to a genuine method of helping businesses to comply with the necessary legislation. It's ill-conceived and unhelpful in the current economic climate.

Comment by Laurence Lowne on April 29, 2012 at 19:53

I am rather in favour of this insistence and it came up as a discussion point last Friday at NABO Networking in Croydon.

The consensus there was that it is a good idea too, and the fact it is being enforced is good too.

The easy way around is a sticky label with the details if missing, and then the next time you print stationery add it on.

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