Memorandum of association

The memorandum of association is often referred to as the memorandum of a UK company. This document normally part of a combined document called the memorandum and articles of association but they exist in their own right as a separate document.

This document is used by all UK limited companies. It is required when forming a new company and also when updating a companies constitution. Many companies have updated their memorandum following the introduction of the Companies Act 2006.
For UK companies the memorandum of association typically states
-The name of the company

Tthe location of the registered office of the company. In the UK companies are registered in either England and Wales (i.e. it may be situated in either), in Wales (i.e. it may be situated only in Wales) or in Scotland;

-The objects of the company. These state what the company will do. In the UK it is common practice for the main object of a company to state that they will carry on business as a general commercial company;

-If the company is limited then the document should state that the liability of its members is limited;

-If the company is ‘limited by shares’ then the document will state the nominal share capital and who the shareholders of the company are. This is relevant when forming a new company.

-If the company is to be a public limited company (PLC), not a private limited company (LTD) the the memorandum should also include a statement that it is to be a public company.

The memorandum of association that we supply are updated with the latest amendments to the Companies Act 2006. They will create your company as a general commercial trading company and allow you to run your business as freely as possible.

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