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Increase in prices from 7th November 2022
03 November 2022
The last few years have been unusual and challenging and we would like to thank all our clients for their help and understanding during this period. We have tried to provide a near normal service as has been possible.
It has been more than five years since we increased our charges for company incorporation services and in that time we have absorbed numerous increases in postal, office overheads, software and consultancy charges that facilitate the services that we provide. We have decided to increase our prices by 15% to ensure that we can continue maintaining our service to the high standards expected by our clients.
London Law has also reviewed all our Articles in light of the recent case of Hashmi v Lorimer-Wing [2022] where the High Court has determined that a private limited company operating under the Model Articles must have a minimum of two Directors, and that Model Articles require amendment to permit a single Director to make decisions.
London Law’s bespoke Articles already have the provision for a sole Director and our legal consultant considers there to be minimal risk for companies incorporated with our Articles, however, in light of this ruling we have strengthened the wording as follows.
We have amended our bespoke Articles to clarify that:
• the quorum for directors’ meetings is one director if there is only one director in office
• if directors are voting to approve a conflict of interests and there are insufficient non-conflicted directors to form a quorum, the non-conflicted directors will be counted as a quorum
• if there are insufficient directors still in office to form a quorum (this may be the case where there is more than one director in office but the quorum has been increased beyond the standard figure of two) then the remaining directors can act to appoint further directors or to call a GM to do so.
London Law has always taken client service extremely seriously and we are confident that the current and future amendments to our Articles, and any amendments to our software, will enable clients to keep updated with all of the changes in company incorporations that will undoubtedly take place in the future.
Please contact Jeremy Osborne or Mick Skinner on 020 7353 9471 if you wish to discuss any of the above points or email info@londonlaw.co.uk