By Roger Mason
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Additional info for 501 Questions and Answers for Company Secretaries and Company Directors, Second Edition
8. Would you please give me some figures to show the expansion in the number of registered companies? The concept of a private limited company dates back to 1907 and at that time there were less than 90,000 companies on the register. In recent years there has been an enormous increase in the number of companies on the active register. The figures (rounded to the nearest hundred) have been: England and Wales Scotland Total 31st March 1995 926,500 55,300 981,800 31st March 2000 1,288,200 73,200 1,361,400 31st January 2004 1,762,700 100,400 1,863,100 On 1st June 2008 the total number of companies registered in Britain was 2,460,770 of which 10,715 were public companies.
Why was the concept of administration introduced in 1986? 242 466. Yes – but just what is administration? 242 467. What is a Licensed Insolvency Practitioner? 243 468. What are the permitted purposes of administration? 243 469. Who can apply to have a company put into administration? 244 470. Is it true that a company can only go into administration if it is unable to pay its debts? 244 471. What does ‘unable to pay its debts’ mean? 244 472. What powers does an administrator have? 245 473. What are the consequences of a company going into administration?
What are the definitions of small and medium-sized companies? 224 437. What are the benefits of being a small or medium-sized company? 225 438. What exemptions are available for abbreviated accounts? 225 439. What is the accounting reference date and what is its significance? 225 440. Can the accounting reference date be changed? 226 441. Is there a way round the restrictions on changing the accounting reference date? 226 442. What are the time limits for laying and delivering the accounts? 227 443.
501 Questions and Answers for Company Secretaries and Company Directors, Second Edition by Roger Mason