It is not a widely known fact, but company directors can receive statutory redundancy pay from their limited company under certain circumstances. If your company becomes insolvent and has to be liquidated, whether this happens on a voluntary basis or forcibly via a creditor’s winding-up petition, you may be eligible to make a claim.
Company law determines how many officials must be appointed to run private and public companies in the UK.
Whether you’re setting up a public or private limited company, all companies are run by appointed officials who have a number of statutory obligations and responsibilities.
Since 1st October 2009, company directors can supply a ‘service address’ to Companies House as well as their residential address. To provide extra privacy to those who require it, only directors’ service addresses appear on the public record.