Despite only being created in 2008, by 2017 cryptocurrencies had taken the world by storm due to their potential to offer a decentralised, ungoverned, international currency.

Share option schemes serve as a useful tool for growing companies seeking to recruit and retain employees. Enterprise Management Imitative (EMI) options are particularly tax efficient for employees and companies that are eligible. One of the requirements of an EMI scheme is that an option holder is notified of the restrictions attached to the shares that they may acquire under option at the time the options are granted. However, what happens when a company wishes to alter or update the Articles of Association after options have already been granted?

In April, Companies House introduced temporary measures to support businesses during the coronavirus outbreak. The changes primarily affected the strike-off and late filing penalties processes.

Whilst I’ve fulfilled the role of ‘Nominated Solicitor’ on numerous Future Fund applications, the incompatibility of the Future Fund scheme with EIS led a lot of my clients based in Scotland to decide the fund wasn’t for them.  This shows in the official data released by the British Business Bank – only 3% of funding deployed by the Future Fund has gone to companies in the devolved nations (Scotland, Wales and Northern Ireland).

Where companies fail to file their annual accounts and/or their Confirmation Statement on time, the Registrar (after a couple of reminders) will commence strike off action against them and a notice to this effect is published in the Gazette.