Wednesday, 16 January 2008

Sign of the times

Shropshire bosses must ensure they display their company names clearly or face court action. Chris Detheridge, from our Commercial Team, said the Companies (Trading Disclosures) Regulations 2008 brought important changes to the rules.

“”They affect companies registered in any part of the UK, and it’s vital that Shropshire businesses know where they stand.”

Chris said the regulations meant a company’s registered name must be clearly visible at any location where the business was carried out, as well as on company documents and websites. “The exception would be if the company location is primarily used for living accommodation because someone works from home.”

But Chris said it wasn’t enough for the company to display its name on a small discreet sign. “Wherever the name is displayed, it needs to be in letters which can be easily read by the naked eye, not on a tiny sign which no-one will spot.”

The new regulations replace the rules previously introduced by the Companies Act 1985, and the Business Names Act 1985, and it’s crucial that Shropshire businesses make sure they know what is involved.