Company Secretary Set Up
We worked with a business who were paying a law firm to manage their Company Secretarial function on a retained basis, which was extremely costly. We liaised with the client, initially on a project basis, to get their Company Secretarial records and processes up to date. We then helped them put systems in place which would allow them to manage the function in house, giving them more control over the Company Secretarial function and their business records.
We set up the board reporting systems, oversaw governance improvements and helped the business understand how to manage the function in-house at a fraction of the cost, with support on hand should they require additional assistance. As a result of this, the Company was able to save £3,500 per month in retained legal fees.
“As a business, we lacked the expertise to effectively manage the Co Sec function so this had been outsourced. Initially outsourced to a law firm, this was costly and inconvenient as our statutory records were held at their office. Zeal was able to move the Co Sec function in-house and develop processes and procedures which meant that our records were clear, decisions minuted and all statutory records maintained. This not only saved our business time, it also resulted in significant financial savings. Zeal was efficient, knowledgeable and responsive to our business needs and ensured that the support was tailored to our needs.”