In our monthly round-up of legal cases with implications for accountants, Gateley LLP law experts consider the implications of the ruling on privity of contract in Hurley Palmer Flatt Ltd and breaches of confidentiality in CF Partners (UK) LLP v Barclays Bank plc plus analysis of recent critical decisions in employment cases
Convictions for failing to make trading disclosures: All companies are required to make certain disclosures (known as 'trading disclosures') both on their stationary and at their premises. One of the key reasons for this requirement is to ensure that anyone dealing with a company is aware of its limited liability status.
Briefly, the requirements are that a company must disclose:
- its name at its registered office address, any location at which the company carries on business and any location at which it keeps its statutory books (for example if these are held by the company's auditors or solicitors);
- its registered name, number and address, and the part of the UK in which it is registered, on all business letters, order forms and websites; and
- its registered name on all other forms of business documentation.
Failing to make the necessary disclosures is a criminal offence punishable by a fine of up to £1,000 for the company and each of its officers.
