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130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk    T +44 (0)20 7556 1200

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Corporate health check

A corporate health check is a comprehensive evaluation service designed for companies looking to validate their corporate data and compliance status. Its aim is to mitigate the risk of non-compliance and any potential legal repercussions.

Our corporate health check service is tailored for businesses that want to ensure that their corporate affairs are in good standing. Once engaged, our team conducts a thorough review encompassing statutory registers, Companies House records and legal papers. The resulting report highlights potential problems and deficiencies. Where needed, a detailed remediation plan is also provided. It is the first step to mitigate the risk of non-compliance and the associated risk of fines, prosecution and other enforcement action.

Who is it for?

Who is it for?

The most common reasons why companies want to ensure that they are in good standing are:

  • In preparation for a merger or acquisition.
  • When changing professional service provider.
  • When statutory registers have not been properly created or maintained.
  • To ensure that people with significant control information is up-to-date and accurate (noting that professional firms are required to check that this information is accurate when they onboard a client and report any discrepancies to Companies House).
  • To ensure that the company is operating in accordance with its articles of association and the Companies Act 2006.

Companies that are seeking to make acquisitions and groups with multiple UK entities also benefit from this service.

What does it entail?

What does it entail?

Our team will undertake a health check to evaluate the status of a company’s compliance. It includes a comprehensive review of the following:

  • Statutory registers.
  • Companies House records.
  • Board minutes and resolutions and shareholder resolutions.
  • Articles of association.

We will prepare a detailed report setting out any problems or deficiencies that are identified as part of the health check. Our report will include a risk assessment to distinguish between material and non-material issues. Where needed, we will also provide a detailed remediation plan that provides practical steps to resolve any issues.

What are the benefits?

What are the benefits?

Buzzacott’s corporate health check service validates corporate data and the compliance status of a company. It identifies areas where the directors are in breach of the Companies Act and is therefore the first step to mitigate the risk of non-compliance and the associated risk of fines, prosecution and other enforcement action. It identifies any errors in the public data at Companies House and determines ways in which they can be rectified before they are noticed by banks, clients, suppliers and competitors. It can help avoid deals falling through because of inconsistencies between a company’s historic legal papers, its statutory registers and the information at Companies House.

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