www.fin1-compliance.com 
E: [email protected] T: 0207 1998383

FIN1 

THE CONSULTANCY OF CORPORATE GOVERNANCE AND COMPLIANCE (CCGC) LTD

About us 

London Financial Centre

FIN1 (CCGC) LTD is a private company limited by shares and does not offer or trade its stock to the general public on the stock market exchange.

  • FIN1 (CCGC) LTD LEI: 9845002CPE2C90CGAE85.
  • FIN1 (CCGC) LTD is regulated by HM Revenue & Customs (HMRC).
  • FIN1 (CCGC) is VAT registered.
  • FIN1 (CCGC) LTD is registered with the Information Commissioner's Office (ICO) - registration reference: ZA352711 and complies with the Data Protection Act (DPA).

Under the Company accounts guidance updated on 4 April 2018, we submit accounts to HMRC in accordance with Financial Reporting Standard - FRS 102 approved by the Financial Reporting Council (FRC).  


Our accounts submissions to HMRC contain the following elements:

  • A balance sheet that complies with one of the specified formats given in the relevant regulations, along with any footnotes.
  • A directors’ report.
  • A profit & loss account that complies with the specified format given in the relevant regulations.
  • Any notes to the accounts.
  • Our balance sheet contains a statement in a prominent position above the director’s signature and printed name that the accounts have been prepared in accordance with the micro-entity provisions. This statement appears in the original accounts as well as the copy sent to Companies House. 


The legal and regulatory framework applying to private and public companies is primarily set out in:

  • The Companies Act 2006, which governs all companies registered in the UK. 
  • The Companies Act also sets out a range of general and specific directors' duties. 
  • There is guidance on the basic application of the Companies Act and related regulations on the Companies House website:
  • https://www.gov.uk/government/collections/companies-house-guidance-for-limited-companies-partnerships-and-other-company-types 
  • https://www.gov.uk/government/publications/life-of-a-company-annual-requirements
  • The Insolvency Act 1986, which governs company insolvency and winding up (including the winding up of companies that are solvent).
  • The Financial Services and Markets Act 2000 (FSMA), which regulates the public offering and listing of shares and other securities. It applies to both private and public companies.


The scope of a director's duties and personal liability to the company, shareholders and third parties:

Directors of UK companies are subject to fiduciary (meaning to be in a position of trust) and other duties owed to the company. 

In summary, directors owe duties to:

  • Act within the powers conferred by the company's constitution.
  • Promote the success of the company.
  • Exercise independent judgement.
  • Exercise reasonable care, skill and diligence.
  • Avoid conflicts of interest.
  • Not accept benefits from third parties.
  • Declare interests in (proposed) transactions or arrangements.


These duties are codified in the Companies Act 2006 and are (save for the duty to exercise reasonable care, skill and diligence) enforceable as fiduciary duties. 


The remedies for breach of a fiduciary duty include:

  • Injunctive relief.
  • Setting aside the transaction (at the company's request).
  • Restitution and account of profits.
  • Damages.


The remedy for a breach of the duty to exercise reasonable care, skill and diligence is damages for losses suffered. 


Directors also owe a duty of confidentiality to the company, and the terms on which they are engaged by the company, especially in the case of executive directors, may impose or give rise to further duties and obligations.


A Brief outline of the regulatory framework for theft, fraud, and bribery that can apply to directors:

  • A director can be held criminally liable for theft under the Theft Act 1968, but a company cannot.
  • A company, and any director who consented to or connived in the act, may be held criminally liable for fraud under the Fraud Act 2006.
  • It is a criminal offence for a company to bribe another person (including a foreign public official) or to accept a bribe under the Bribery Act 2010. 
  • If the offence is committed with the consent or connivance of a director, the director may also be held criminally liable. The Companies Act 2006 duty of a director not to accept benefits from third parties is also relevant in this context.


Fraud and misconduct offences:

  • The Insolvency Act also imposes the following offences:
  • Fraud in anticipation of winding up.
  • Transactions in fraud of creditors.
  • Misconduct in the course of winding up.
  • Falsification of company books. 
  • Material omissions from a statement relating to a company's affairs.
  • False representation to creditors.

Our Commitments
We guarantee that we do not negotiate when it comes to putting our clients’ interests first – even if it means less or no profit for us – and, we will do our utmost to uphold market integrity at all times.

Professional Indemnity Insurance
FIN1 (CCGC) LTD holds a Certificate of professional indemnity insurance with HISCOX. If you have further questions about our Professional indemnity insurance please email us at: [email protected] 

Public & Products Liability Insurance

FIN1 (CCGC) LTD holds a Certificate of Public and products liability insurance with HISCOX. If you have further questions about our Public and products liability insurance please email us at: [email protected]