Frequently asked questions about Nominee Directors

Will my Nominee Director sign documents for the company?

In principle the answer is "yes", but we must impose precautions. Where the document is verified by a suitably qualified person, such as the company's Accountant or Lawyer we are willing to sign on their advice. Similarly, we will sign where the document is of a familiar nature that applies to all companies (e.g. Companies House forms). In cases where we may not be in possession of all the facts we require evidence that the document is correct and authoritive. We may also require an Indemnity Statement in words similar to the following:
"We hereby confirm that the …[name of document] … [dated] … can be signed by the Director of … [name of company] … ("the Company"). As the Beneficial Owners we hereby indemnify the Director of the Company fully against any claim or legal action of whatever kind against them with regard to the … [name of document]."

Will my Nominee Director attend meetings and/or events on behalf of the company?

Our standard fees are too low to allow attendance at meetings and other events without further charge. However, the Nominee Director may under certain circumstances agree to attend in person subject to an agreed one-off fee and travelling expenses.

Will my Nominee Director be a company or a person?

The new Companies Act 2006 has changed the rules on corporate directors, but not our commitment. We always regarded this service as a commitment to personal diligence on behalf of the client. Where we are providing Nominee Directors we ensure that the service is provided in a manner that suits the client's needs and meets the requirements of the Companies Act. If the company already has at least one "natural person" who is going to remain a Director we appoint a Corporate Director as Nominee. Where the company has no other director we appoint a director of the company that serves as Corporate Director to be named as the "natural person" to mee the new rules.

Will I be able to get a bank account?

As the registered director of the company, the nominee will have to sign the application form to open the company bank account. However, that does not give the nominee access to or control of the account. The account will normally be owned and operated by the beneficial owner (presumably you) and, of course, the bank will operate within its normal rules of client confidentiality. Most clients who use our nominee services have company bank accounts set up on this basis. Admittedly, some local bank branches may not understand about nominees, but Ordered Management Ltd has contacts at the major UK banks and will be able to help if this is an issue for you.